SSC Treasury Manager

6 months ago

Chennai, India Valeo Full time

Valeo is a tech global company, designing breakthrough solutions to reinvent the mobility. We are an automotive supplier partner to automakers and new mobility actors worldwide. Our vision? Invent a greener and more secured mobility, thanks to solutions focusing on intuitive driving and reducing CO2 emissions. We are leader on our businesses, and recognized as one of the largest global innovative companies.

Mission

The SSC Treasury Manager is responsible of the cash performance follow up of her/his scope, the securitization of the cash, the management of the treasury activities and the relationship with Banks locally.

  • The SSCTM mission is to contribute to cash flow optimization within the country through WC management.
  • She/He ensures daily follow up of cash balances.
  • SSCTM manages balance sheet currency hedging and for some countries (not connected to the VIB), the FX and commodity cash flow hedging
  • SSCTM ensures monthly cash reporting of each legal entity (LE) in the country, reconciles LE FCF (before ICT) with BU FCF, performs analytical review and provides BU and Group with comments on performance. She/He prepares cash forecast in conjunction with the BU management controllers.
  • SSCTM ensures compliance with internal control policy.

SSCTM manages relations with banks and third parties. She/He is in charge of cash pooling within the country and liquidity management (FAR process, execution of external loans / investments in conjunction with VIB).

Responsibilities

  • Cash management:
  • Monitor payment cycles
  • Monitor and reconciles daily bank accounts
  • Manage local cash pooling
  • Manage bank account openings, delegation of signature in respect of Group rules and policies
  • Perform liquidity management (in countries not connected to VIB cash pooling), prepare FAR, manage local financing and deposits if any under control of Valeo Internal Bank (VIB) Paris
  • Control bank guarantees received from supplier and manage bank guarantees follow up
  • Prepare AGA and manage bank guarantee issuance and follow up
  • Manage countrys Central Bank reporting and filings if any
  • Internal control and cash security:
  • Promote, explain, control Internal Control framework within his/her perimeter. Monitor and drive Internal Control improvement plans to mitigate risks
  • Cash reporting:
  • Prepare cash reporting for all cycles: MTP, budget, actual, forecast and flash
  • Prepare cash flow tool by BU and LE for forecast, budget and MTP and work in interaction with BU Management controllers to calculate BUs FCF.
  • Perform analytical review of LE and Country cash performance and support BUs in their WC and cash performance analysis
  • Follow up cash optimization actions and provide end of semester best estimate
  • IDPMS / EDPMS Compliance
  • CIBIL Reporting Score monitoring
  • Working capital optimization:
  • Optimize DPO and DSO,
  • Follow up external and internal customer overdue on a weekly basis, report to management and ensure timely resolution
  • Provide analytical review of other WC variation
  • Act as Procure to Pay (PTP) leader in the SCF Program, check daily SCF uploads on bank platform
  • Hedging:
  • Review ZDKS report and enter necessary BS hedging adjustments in VIB system web portal
  • Manage FX and commodity hedging locally (for countries not connected to the VIB) under VIB supervision
  • Bank relationship:
  • Manage bank relationship locally
    • Participate in the creation of cross-border sweep with VIB (if any)
    • Implement and follow financing and deposits as required or validated by VIB
    • Have bank documentation signed by local Legal representative once documentation is formally validated by VIB
  • Support Group treasury projects
  • Drive efficiency in treasury activities and improve standardization
  • Support new entities integration and legal reorganization
  • Contribute to Group Ethics & Compliance program by applying and respecting code of Ethics and Valeos policies.

  • People management: Supports in the training and career development of tax team if applicable. Creates a proactive team within the shared services and help identifying high potentials.

Professiona Experience Required - Minimum 5 years in similar position

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