Senior Treasury Analyst

TEMPORARY position – GLOBAL TREASURY

SENIOR Treasury Operations ANALYST

Location: Luxembourg

Reports to: Head of Treasury Operations 

At CHANEL, our Treasury department plays a pivotal role in supporting the Group's business strategy, operations, and growth. We focus on optimizing liquidities, providing strategic funding solutions, and effectively managing financial risks.  

As an integrated function, Treasury collaborates with internal and external stakeholders to identify, monitor, and leverage market opportunities that enhance our company's value proposition and support our current and future business needs.

CHANEL Treasury is embarking on an ambitious transformation journey, enhancing both organizational and technological frameworks. Our goal is to centralize cash management, ensuring comprehensive visibility of free cash flow dedicated to investments, funding requirements, and foreign exchange exposure.

CHANEL

At CHANEL, we are committed to fostering an environment where individuals can perform at their best, feel fulfilled, and have confidence in their work.

We are dedicated to cultivating an inclusive culture that nurtures personal growth and contributes to collective progress. We believe that the uniqueness of each individual enhances our diversity, complementarity, and the overall effectiveness of our teams. We strongly encourage your application, as we value the perspectives, experiences, and potential that you could bring to CHANEL.

The Role

Global Daily Cash Management

• Oversee multi-currency global cash pooling and manage intercompany current accounts.
• Conduct cash reconciliation and positioning for all global accounts within scope.
• Execute daily foreign exchange operations, including trade confirmations & settlements.
• Manage treasury payments and streamline intercompany settlements.
• Orchestrate the monthly group netting cycle, ensuring participation from all companies.
• Lead global bank account opening and closing processes, including central KYC handling.
• Monitor and optimize group banking fees.
• Foster a cohesive Treasury Operations community across our Regions, ensuring harmonized cash management processes and enhanced visibility of short-term cash positions.

Cash Investments

• Coordinate the investment of the Group's excess liquidity.
• Contribute to the diversification of our portfolios by introducing innovative solutions that align with our financial performance ambitions and our commitment to ESG principles, in line with CHANEL's sustainability goals.

Middle/Back Office

• Provide supportive documentation and data to the Corporate Accounting Team to ensure accurate booking of treasury activities, including loans, derivatives, cash positions, and cash investments.
• Enforce global cash management and investment policies across our diverse regions and markets.
• Produce a monthly cash and investment report that provides insights to top management on cash management performance.

Treasury Transformation Journey

• Ensure data integrity within the Group's Treasury Management System (TMS).
• Drive process efficiency through automation and the implementation of Business Intelligence tools.

What You Will Bring

• Proven experience in finance roles at global, regional, or local levels.
• Strong problem-solving skills with the ability to develop coherent business solutions.
• Capacity to navigate and excel in an international and complex environment.
• Exceptional collaboration and communication skills.
• Demonstrated critical thinking abilities.

Technical Requirements

• Proficiency in cash and liquidity management, cash forecasting, bank account management, FX operations, and intercompany financing.
• Technical expertise in banking, FX and cash management services and solutions.
• A minimum of 5 years of treasury operations experience in an international corporation.
• Affinity for technology and a strong focus on automation.
• Fluent in English (both speaking and writing).

Personal Attributes

• Curiosity and a proactive approach to leadership.
• Ability to forge strong partnerships across functions.
• Strong customer service skills, effectively managing internal relationships while maintaining service level agreements.
• Demonstrated integrity and ethics in all activities.
• Respected and trusted professional within the organization.