Cash Manager

Cash Manager

Location:

Rotterdam, NL, 3013 AA

Department:
Global Treasury Ops Strategy & Planning

Division:
Finance

Lyondell Basellis 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'readdressing the global challenges of ending plastic waste, taking climate action, and supporting a thriving society, while generating value for our customers, investors, and society.

This position reports to the Manager Treasury Operations Europe. In coordination with 3 other team members, located in the Netherlands and Poland, this position is responsible for managing elements of day-to-day cash management and reporting as well as processes relating to in-house cash and payments.

The role will also be involved in Treasury projects globally and may also serve as a backup for other Treasury Operations responsibilities such as FX hedging. These responsibilities will include but are not only limited to funding of group entities, short term investing of excess cash, organizing bank guarantees, borrowing under credit facilities/lines-of-credit. Responsibilities also include ensuring that Treasury Operations fully complies with company policies and controls and leading and coordinating the Treasury related projects globally.

The position communicates frequently with a broad array of functional groups within the world-wide Treasury and CFO group, and will also interface regularly with external banking partners.

• Manage daily cash position for entities in Europe, and other regions as required;
• Management of multi-currency notional cash pool;
• Manage cash balances and ensure efficient use of cash;
• Negotiation, execution, reporting, and settlement of investments;
• Responsible for overall reporting, including short term cash flow forecast reporting and actuals vs forecast reconciliation;
• Monitor closely and take actions to minimize number of bank accounts;
• Reviewing bank agreements;
• Primary contact with Cash Management bank representatives;
• Lead, support or coordinate certain Treasury projects;
• Responsible for managing and reporting FX hedges (when needed);
• Payments;
• Drive system and process improvements;
• Managing ad hoc requests;
• Collaborate with accounting, financial shared services, tax, accounts payable and other regional treasury personnel;
• Monitor relevant treasury documentation (work instructions, procedures) to ensure compliance and alignment with the rest treasury documents;
• Coach and train other, less experienced team members;
• Act as backup for certain tasks to other team members.

• Bachelor’s and Master’s degree are required, ideally with a major in Business Administration, Accounting or Finance;
• Professional qualifications as CFA or ACT are preferred;
• Approximately 5-6 years of experience in Cash Management and Treasury;
• Good knowledge of banking and experience with Treasury Management Systems, preferably SAP Treasury;
• Familiar with FX exposures and FX trading;
• Experience in reviewing bank agreements;
• Knowledge of SAP is a must;
• Good knowledge of banking, cash pools and in-house-bank structures;
• Familiar with intercompany lending;
• Experience managing cash flow forecasting and cash position reporting.

To be successful in this role, you must recognize yourself in the following profile:
Able to deliver results efficiently by meeting challenging objectives and creating high added value for the company. It emphasizes maintaining openness to learning, exploring new ideas, and proactively identifying and solving potential issues. A strong teamwork attitude is essential, focusing on…