Manager Treasury Operations
Amsterdam, The Netherlands
VEON – Finance /
Full-time /
Hybrid
Position Summary
VEON Group Treasury (HQ) is centralized for global transactions supporting Group Treasury strategy and operationally supported by operating companies’ Treasury teams at VEON’s country levels performing local domestic treasury operations under Group Treasury Policy.
The HQ team manages the transactional operations supporting the significant levels of debt and cash at both VEON HQ and its subsidiaries.
The HQ treasury function is critical to manage sufficient liquidity, debt facilities and investments and risk management strategies related to all financial activities supporting the achievement of VEON business objectives.
The Manager Treasury Operations is responsible for the day-to-day treasury operations of the HQ including cash management.
The Manager Treasury Operations takes a pivotal role in maintaining and developing the HQ treasury function within VEON and the relationship with the operating companies when it comes to cash management and cash centralization. This process ranges from identifying the activities to implementing these at HQ and/or at operating companies. The Manager Treasury Operations will take on more complex projects and actively guide and support the other Treasury department members for the execution of the core activities of the treasury operations, which include setting up intercompany loans, conducting hedges for exposures of the group, and investing the Group’s excess cash, cash management and cash upstreaming projects.
Key Responsibilities:
Treasury and Corporate Finance Operations
· Lead, oversight, analyze and execute cash management activities of the HQ. This involves handling payments, ensuring controls are in place, and maintaining oversight of cash flow.
· Review, recommend and support investment strategies that focus on efficient cash management, security & yield. This includes identifying suitable investment opportunities.
· Together with the Treasury Operations Director, drive the Group’s financial risk management strategies (FX, interest, counterparty), and investigate opportunities for improved execution. This also includes analysis of FX hedging as per CFF and capital structure implications and ISDA and trading tools management.
· Lead the process of cash repatriation from operating companies in various forms and coordinate country management activities, ensuring all tasks and deadlines are achieved.
· Handle the execution of dividends, both internally within the company and externally to shareholders or investors.
· Take the lead in the operational execution of financing transactions
Ensure the completeness and compliance of TMS systems with Group Treasury policy taking into consideration accounting procedures and processes.
· Manage relationships with banks for cash management purposes and liaising with other financial service providers as necessary.
· Continuously work on streamlining and developing procedures for all HQ treasury operations and promoting center of excellence - detailed procedures and streamlined processes.
Reporting
· Organize and manage daily, weekly and monthly reporting in a timely and accurate manner via identified tools and systems.
· Run month-end closing activities and responsible for completeness of data in TMS.
· Perform ad-hoc analysis of financial and non-financial data on request
· Develop and provide updates on projects
· Continuously improve the quality of in-company data sources.
· Manage standardization and continuous processes and reporting improvements
Projects
· Ensure the setup with two banking partners for diversification of HQ cash management activities
· Contribute to optimization of internal capital structures within the Group
· Provide technical and other support for net intercompany positions, mergers and acquisitions and other projects of Corporate Finance on equity and debt transactions. This support could involve financial analysis, due diligence, and coordination with various stakeholders during these projects.
· Recommend, implement and maintain process improvements. This includes identifying areas for enhancement, proposing changes, and ensuring the implementation and sustainability of these improvements.
Critical Skills & Experience
· Master degree in Economics, Finance and/or Treasury
7-10 years of relevant working experience in the field of finance/ treasury, preferably within an international business environment
· Strong desire to apply your quantitative and analytical skills in developing a solid understanding of financial market data and analytics
· Deep understanding of treasury instruments, tasks, and business processes
Advanced user of MS Excel, Word and Power point is required
· Ability to translate experience and analytic skills to solve business challenges
· Autonomous with proactive attitude and strong team spirit
· Excellent written and verbal communication skills in English
· Effective communication and coordination with various stakeholders, including internal teams and external financial partners
More about us:
Discover moments of awesomeness and our careers blog --> http://bit.ly/2lXbUxi
For the latest updates follow us on LinkedIn --> http://bit.ly/2rYhe7O
Do you want to be part of a team that serves over 160 million customers across 6 dynamic markets? Do you want to pioneer new experiences for hundreds of millions in emerging economies? Do you feel at home working in a truly diverse and inclusive environment? We are VEON, a global digital operator and we scale new heights never thought possible.
Our DE&I Vision is:
Creating an Inclusive World for All – Inside and Beyond VEON
We aspire to create an Inclusive world for all by providing Equal voice and representation, driving growth with diverse and inclusive teams, that create products that serve Diverse needs of our customers across all dimensions of life from connectivity to digital financial inclusion, education, health and entertainment, and creating value for our people, our partners, and communities.
