Treasury Manager; NewCo

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Location:

Rotterdam, NL, 3013 AA

Department:
Treasury Operations Europe

Division:
Finance

Lyondell Basell is a leader in the global chemical industry creating solutions for everyday sustainable living. With a nearly 70-year legacy that includes a Nobel Prize in Chemistry and our proprietary Mo Re Tec  recycling technology, LYB is enabling a more sustainable future for generations to come. LYB develops high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare.

LYB places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce. We are addressing the global challenges of ending plastic waste, taking climate action, and supporting a thriving society, while generating value for our customers, investors, and society.

In June 2025, LYB announced entering into an agreement and exclusive negotiations for the sale of four olefins & polyolefins sites and the associated business in Europe. The sites to be sold are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). The sites together represent a scaled olefins and polyolefins platform strategically located in proximity to a longstanding customer base and with access and connectivity to key infrastructure.

Closing of the proposed transaction is currently expected in the first half of 2026. From the start, the new company will be a scaled leader in European Olefins & Polyolefins. Powered by strategically located assets, a diverse product portfolio, and operational excellence, it aims to transform the business, fostering an agile, entrepreneurial culture where fast decision-making and hands-on collaboration drive transformation and growth.

Are you ready? You will be crucial to a successful transition and, when the sale is closed, the success of the new company. You will become part of a new dynamic organization with around 1,800 employees, headquarters in Rotterdam and production sites in France, Germany, UK and Spain with a strong focus on customer excellence.

We are seeking an experienced and proactive Treasury Manager for our separating from LYB Group European Olefins business. This position reports to the Treasury Director and will be an important pillar to execute the diverse and far reaching Treasury activities. This role is crucial in ensuring our financial stability and liquidity as we transition into a standalone group.

The incumbent will be responsible for managing cash and FX as well as will be involved in and/or lead Treasury projects. Responsibilities will include but are not only limited to funding of group entities, short term investing of excess cash, borrowing under credit facilities/lines-of-credit, analysis of foreign currency exposures and execution of FX transactions. Responsibilities also include supporting business with issuance of bank guarantees, letters of credit and banking services.

There is a mix of front, mid and back office activities combined within this role. The position will also communicate frequently with a broad array of groups and will interface regularly with external banking partners.

Responsibilities

• Cash, FX and liquidity:
  Manage daily short and long term cash for group entities to ensure efficient use of cash and sufficient liquidity in the multi-currency cash pool;
• Analyse foreign currency exposures of group entities and execution of FX hedges;
• Settlement of Treasury contracts and payments;
• Managing In-house bank;
• Responsible for overall Treasury reporting, including but not limited to cash, FX and cash flow forecast reporting.

Banking and Trade Finance

• Manage bank account structure, KYC, bank portal accesses, review bank agreements;
• Primary contact with Cash Management bank representatives;
• Support business with issuance of Letters of Credit, Bank Guarantees. Management and administration of these facilities and other future trade finance products.

Projects and technology

• Lead or participate in…