Cash Manager

Title:R2846511 Cash Manager

Location:
BE / BrusselsWork Arrangements:Hybrid Mode (3 days on site, 2 days home office)The Role and OpportunitySanofi’s Global Treasury Operations is a Key department within the Financing, Treasury & Insurance function delivering best-in-class Global Treasury Services including
* Effective centralization and management of Global Liquidity,
* In-House Bank & Payment Factory services,
* Compliance and Control of Market Transactions managed by Treasury Front Office/Capital Market department on all Sanofi asset classes.
Within Global Treasury Operations, the Cash Manager plays a critical role in the daily management of the cash position of Sanofi Holding (Sanofi SA) as well as Sanofi Holdings entities to ensure effective centralization of the liquidity at the level of Sanofi SA. He/She also manages the execution of specific critical payments like for M&A and. contributes to the management of the intercompany current accounts and of the portfolio of Intercompany Loans.
Two Cash Managers, both reporting to the Head of Global Treasury Operations, manage the Liquidity Management responsibilities.
The Cash Managers operate at the centre of Sanofi's Treasury ecosystem, maintaining close and continuous collaboration with Treasury Front Office, Middle Office, Subsidiary Financing, Treasury Accounting, Affiliate Treasuries worldwide and Treasury GPO.
This is an opportunity to join a dynamic, high-performing team with exceptional potential for professional development and career growth.Critical responsibilities and expectations of the rolePerforming Cash Management activities* Daily reconciliation of bank flows and bank balances for the defined perimeter including flows related to Cash repatriation and Treasury Transactions, ensuring alignment with Treasury Accounting on booking accuracy
* Daily analysis of the actual to forecast flows for the defined perimeter and coordinate with Affiliates to analyze forecast variations
* Daily follow-up on Bank inquiries and coordination with Banks Customer Services
* Daily determination of the cash position of Sanofi SA and ensure optimization of Cash (minimization of idle balances) in coordination with Affiliates and Sanofi Front Office department
* Daily gathering and consolidation of Affiliates short term forecasts
* Daily provision of accurate short-term forecast for Sanofi SA cash position to ensure, in collaboration with the Front Office, the day-to-day liquidity, the optimization of money market instruments and gross debt / cash end-of-month
* Ensure the execution and follow up of critical payments such as M&A payments
* Ensure perfect coordination with In-House Bank Officers to manage the Payment Factory financing and any booking in the intercompany current accounts required as per specific transactions managed at the Cash Management level
* Contribute to the management of intercompany current accounts and intercompany loans/borrowings.
* Working collaboratively with other Treasury departments, acting as an escalation point for unresolved issues, provide specialist supportAnalytics, Reporting & Cash Forecast* Manage weekly and monthly reporting complying with group requirements
* *Optimize and automate Mid-Term Cash Forecasting (Trema), ensuring accurate, timely, and reliable cash flow projections With support of Treasury GPO team, design and develop analytics capabilities to provide insights liquidity trends, forecast accuracy and cash flow patterns and maintain cash management KPI’s and dashboard
* Development and maintenance of treasury Operating Procedures, processes and systems, and control environment in line with best practicesSupporting transverse projects* Assuming responsibility of Cash Management business continuity plan
* Ongoing monitoring (with the support of Treasury GPO) & implementation of payment-related regulations and new practices.Acting as Key User in close collaboration with Treasury GPO* Identify and escalate pain points that may be subject to process improvement and share best practices
* Identify gaps vs. existing practices, regulatory constraints, and local process dependencies
* Ensure continued focus on process improvement, increased automation of activities and the elimination of non-value-added activities
* Support process exception arbitration when needed and propose process workaround
* Review process design when applicable
* Support and Sign-off on new process testing’s (UAT)
* Support other users by performing trainings and contributing to training material update
* Participate to the change management plan
* Contribute to Systems upgrades as requiredCandidate Profile**The successful candidate will have in-depth knowledge and experiences in the following areas:
* 1 to 3 years of professional experience in Treasury multinationals (Cash Management, In-House Bank) within Bank / Corporate Treasury
* Demonstrated knowledge of cash management structures (like Zero Balancing)
* Strong a