Treasury Specialist @ LG Electronics


Amstelveen – Full-time

As Treasury Specialist you will be part of the team which is in charge of treasury operations of 40 subsidiaries in Europe, CIS, Middle East and Africa region. The Team consists of 3 parts: Cash management Part, FX Part & Credit Insurance. The main focus areas are: Cash management, liquidity management, risk management and treasury accounting. You will report directly to the FX Part Leader and indirectly to the European Treasury Center Team Leader.

Currently we are looking for someone to join at first the FX part.

The FX part involves currently below activities.

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 currently 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?

LG Electronics offers you the place to show what you are capable of in a continuous developing organisation. Therefore we are looking for pro active, determined, flexible, innovative and enthusiastic new colleagues. You will be part of a working environment that is international, driven, passionate, innovative, and performance oriented. We offer a competitive salary and a comprehensive range of employee benefits.

What are we looking for?

The Treasury Specialist has the following knowledge and experience:
– University degree preferably in Finance, Treasury and/or Accounting;
– 3 years of relevant working experience;
– Possess exceptional ability to analyze and interpret financial information;
– Fluently in English, both written and verbal;
– Advanced computer skills (MS Office, Excel, PowerPoint);

The following competencies are important:
– Customer orientation;
– Possess ability to analyze and interpret information;
– Planning & organizing;
– Flexibility;
– Initiative;
– Proactive;
– Communication skills;

Only applicants with a valid residence permit are taken into in consideration. Your residence status should allow you to work for LG Electronics in the Netherlands for a non expiring period without any conditions.


Are you interested in this position? Please send your application letter and resume to

View job description | apply online
Tags: cash, liquidity, risk,

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