About the job
The Head of the Regional Treasury Team - Europe (RTT-E) will be responsible for setting up the RTT covering all operational treasury operations for the European geographies.
This will involve several key responsibilities to ensure its successful establishment and operations such as a detailed treasury process review, staffing, training and coordinating the knowledge transfer process with local treasuries and overall the supervision of the RTT.
The Head of RTT-E will be responsible for overseeing and managing the financial operations and the main treasury process for all Sanofi entities within the European Region. He/she will also promote adherence to the Treasury Core Model (TCM) and treasury corporate policies.
About Sanofi
We’re an R&D-driven, AI-powered biopharma company committed to improving people’s lives and delivering compelling growth. Our deep understanding of the immune system – and innovative pipeline – enables us to invent medicines and vaccines that treat and protect millions of people around the world. Together, we chase the miracles of science to improve people’s lives.
Main responsibilities:
Set up the Regional Treasury Team - Europe in Brussels. The target organization will include 18 FTE by the end of 2027Manages the RTT staffing and training with the Regional Treasurer and Treasury Excellence supportEnsures that the team will have the required skills and competencies to fulfill their rolesPerforms a detail treasury process review aiming at simplification and harmonizationManages the knowledge transfer process from countries to the RTTPeople management and partneringRecruits, leads, motivates the team, develops capabilities, and supports the development of talentsEnsures operational excellence of the RTT with KPIs, offering best-in-class servicesBuilds trust and ensures effective cooperation with cross functional and external partners (other treasury teams at corporate and regional levels, GBS, HFOs, tax, legal, banks, …) and provides treasury support for local business and finance teamsDaily cash management:Oversees the cashiering function with responsibility for all aspects of the physical cash flowsEnsures that the affiliates have sufficient liquidity to meet their obligations and optimizing cash flow within the regionManagement of the MCO AIS current account with DFT (Paris), including supervision of the Captive center posting of entries and reconciliation with SAP ledgers intercompany ‘netting’ process, including loading and releasing files, and intercompany loans and posting of interestsCash flow and working capital optimizationMonitors free cash flow generation and working capital KPIs (DSO, payment terms, overdue, DPO) through cash reviews, action plansOversees and review the monthly cash flow reporting and forecasting for Corporate Treasury team providing informed commentary of variances to annual forecast and update as necessaryPartners with business functions to raise awareness and spread a cash-oriented mindsetEnsures timely and accurate cash flow reporting including cash forecasts (yearly budget /monthly 3M rolling)Ensures timely and accurate Financing/Net Debt reporting and forecasting.Manages and reviews Trade finance instruments e.g. deposits, guarantees, letters of credit, performance bonds etc.Oversight of cash-pooling in each country of the MCO across applicable operationsIn connection with the Corporate Treasury, Bank relationship management:Global Treasury Operations handles the cash management bank relationship, nevertheless, the Head of RTT acts as senior point of contact with the bankParticipates to contract review when applicable (overdraft, credit facilities…)Manages the daily operational bank relationshipChecks that bank fees are in line with agreed pricingManages foreign currency exposure in line with Corporate Treasury guidelines: Hedging Fx exposure, month-end revaluations, Fx exposure forecast accuracy, invoicing currency for new flows, control of Fx Gains & LossesProvides support regarding intercompany reconciliations – ICS, Transfer price adjustments, Royalties, Dividends, Central cost charges, etc.In connection with corporate Treasury, Financial and operational lease agreements (real estate, car fleet, etc)Insurance related activitiesCompany credit card proceduresActively participates in projects (investments, legal restructuring, projects that impact business model)Other activities
Supports/liaises with Global Treasury Operations on Legal/Tax activities including dividends, legal restructurings, intercompany loan issuance and interest settlementSupports Global Treasury Operations in M&A, business development and divestment executionReviews investments and Capex projects on an ad hoc basisWhere applicable, support to Pensions Funds financing and daily operationsContribute to develop, maintain and implement a robust business continuity plan (BCP) in collaboration with neighborhood functions and local HFOsCompliance and internal control:Understands local banking regulations and ensures compliance with relevant financial reporting requirements, Treasury policies and internal control requirementsMaintains bank accounts documentation and signatoriesEnsures Treasury is compliant with Sanofi Corporate Treasury policies and Internal Control FrameworkProject managementInvolved in Corporate Treasury projects, as determined by Corporate Treasury or CFOLeverages knowledge of treasury technology & systems to automate and improve current operations and decision-makingLeads of working capital projects, for example debt or invoice factoring, payment terms enhancement, etcAssists the business through the preparation of accurate cash flow models to help evaluate major projectsInformation Systems
Assists the business through the preparation of accurate cash flow models to help evaluate major projectsAbout you
Experience:
10+ year experience in Financing & Treasury activities in multinational companiesOther experiences in senior finance roles within an international environment is a plusSoft and technical skills:
Proven management skillsLeadership: Guiding teams, fostering collaboration and driving resultsAdvanced analytical skills, financial acumen, and strategic thinkingExperience in collaborating among senior management, business, and functional leadersCapacity to build partnerships with external and internal partners and banksAbility to manage multiple projects, work effectively with cross-functional partnersProven presentation skills, ability to communicate, assertivenessTeam player, proactive and solution orientedGood background in accounting (IFRS) and/or financial analysisStrong capabilities in MS ExcelKnowledge of Treasury Management Systems, S/4HANA Treasury System is a plusEducation: Master's degree in business administration, finance, accounting or economicsLanguages: fluent written and spoken English. French and other European languages are a plusWhy choose us?
An opportunity to help us finalize the Organizational Transformation in order to keep on delivering Best In Class Treasury servicesDiscover endless opportunities to grow your talent and drive your career, whether it’s through a promotion or lateral move, at home or internationallyEnjoy a thoughtful, well-crafted rewards package that recognizes your contribution and amplifies your impactTake good care of yourself and your family, with a wide range of health and wellbeing benefits including high-quality healthcare, prevention and wellness programs and at least 14 weeks’ gender-neutral parental leave#LI-EUR
Pursue progress, discover extraordinaryBetter is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let’s be those people.
At Sanofi, we provide equal opportunities to all regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, ability or gender identity.
Watch our ALL IN video and check out our Diversity Equity and Inclusion actions at sanofi.com!