Treasury Specialist @ LG Electronics


Amstelveen – Full-time

Do you want to develop yourself while working in a fast-paced and continuous changing international environment? You like to contribute to the success of an organization and you are not afraid of a challenge? Then we might have an interesting opportunity for you to join us as a: Treasury Specialist

What to expect?

At LG, we deliver products and services that makes live better, easier and happier though increased functionality and fun. Put simply, we offer the latest innovations to make sure “Life’s Good” – from home appliances, consumer electronics and mobile communications to business innovations in digital signage, air conditioning, solar and LED lighting. As a global leader, we strive for greatness in product leadership, market leadership and people leadership to realize our growth strategies.

In order to do so, we employ roughly 150 employees at our office in Amstelveen, the Netherlands, divided over two entities, being LG Electronics Benelux Sales B.V. and LG Electronics European Shared Service Center B.V.

What will you do?

You will join the European Treasury Center which is part of the European Shared Service Center. The Team consists of 3 parts: Cash management, Treasury Finance & Credit Insurance. You and your future colleagues are in charge of treasury operations of 40 subsidiaries in Europe, CIS, Middle East and Africa region. The main focus areas are: Cash management, liquidity management, risk management and treasury accounting.

Your main responsibilities will include:

Liquidity Management
• Credit line and bank guarantee arrangement and maintenance of EMEA, Middle East & Africa subsidiaries;
• Asset Backed Securitization program (following up every ABS cycle: information, settlement, and booking, and managing ABS documentation);

Risk Management / FX management
• FX exposure management & hedging (forwards, matching, payment terms);
• Execute FX spot deals for subsidiaries;
• Audit (internal, external);
• Review subsidiaries’ treasury processes & support;
• Urgent payment for LGESC;
Cash Management
• Global inter-company netting (operate netting system, reconciliation, set-up new entities, follow-up issues);
• Administration of treasury management, FX systems and banking systems;

Treasury Accounting
• Treasury accounting closing (accruals, FX evaluation)
• Monthly and annual Central bank reporting

• Financial market monitoring;
• Analysis of cost & profit;
• Subsidiary’s request management;
• Documentation of procedures (process mapping);
• Document filing;
• Reporting to accounting department;
• Projects & tasks;
• Problem solving;

The Cash Management part involves below activities:

Cash Management
• Cash concentration (initiation and monitoring of manual and automatic cash concentration sweeps);
• Payments (initiation and settlement of ad hoc, bulk, foreign exchange, money market and netting payments etc.);
• Management of overall balance of global multi currency pool (place overnight deposits or take out overnight loans);
• Banking (account opening / closing, audit requests);
• Manage local bank account balances;
• Minimize subsidiaries and ETC’s interest cost;
• Register and monitor local money market deals in treasury management system (credit lines, overdraft facilities, term loans, time deposits etc.);
• Administration of banking and other systems;

Liquidity Management
• Cash flow planning & result analysis in regional and subsidiary level;
• Liquidity planning (forecast overall liquidity need and arrange for appropriate financing);

Risk Management
• Standardize subsidiary treasury process & periodic checks;
• Review subsidiaries’ treasury processes & support;

Treasury Accounting
• Reconciliation of treasury accounts;

What do we offer you?

• A career at a global leading company which is continuously developing (never a dull moment);
• A competitive base salary depending on your education and experience;
• Secondary benefits such as an annual bonus, healthcare insurance, pension and of course the possibility to purchase our beautiful products with discount;

Who are you?

• Graduated at least with a Bachelor degree related to Finance,;
• At least three years of relevant working experience;
• Fluently in English, both written and verbal;
• Advanced computer skills (MS Office);
• Ability to analyze and interpret financial information;
• Customer orientated;
• Planning & organizing;
• Flexibility;
• Initiative;
• Proactive;
• Communication skills;

Still reading?

Thanks for taking the time to read our vacancy. If we have caught your attention and you think it is a match to your experience and interests, then please apply by sending your resume and motivation to


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