Head of Regional Treasury Center Latam

Head of Latam & Brazil Regional Treasury Center

• Location : Bogotá

• Permanent Contract, Full Time

About the job

Ready to push the limits of what’s possible? Join Sanofi in one of our corporate functions and you can play a vital part in the performance of our entire business while helping to make an impact on millions around the world. As Head of Latam & Brazil Regional Treasury Center within our International Treasury team, you will be responsible for setting up and running the operations of the RTC. You will be responsible to oversee and manage the main treasury processes for all Sanofi entities within Latam & Brazil region and promote adherence to the Treasury Core Model (TCM) and treasury corporate policies.

We are an innovative global healthcare company with one purpose: to chase the miracles of science to improve people’s lives. We’re also a company where you can flourish and grow your career, with countless opportunities to explore, make connections with people, and stretch the limits of what you thought was possible. Ready to get started?

Main responsibilities

Set up the Regional Treasury Center in Bogotá

Manage the RTC staffing and training with the support of the Regional Head of Treasury and Treasury Operational Excellence

-Perform a detail treasury process review aiming at simplifying and harmonizing  while leveraging SAP S4/Hana capabilities

-Manage the knowledge transfer process from countries to the RTC in close coordination with Country/MCO treasurers

People management and partnering

-Recruits, leads, motivates the team, develops capabilities, and supports the development of talents

-Ensures operational excellence of the Regional Treasury Center with KPIs, offering best-in-class services

Builds trust and ensures effective cooperation with cross functional and external partners (other treasury teams at corporate and country level, Business Operations, CFO, Tax, Legal, banks, …)

Liquidity and cash management

-Oversees daily cash management and liquidity for the Latam & Brazil affiliates; closely cooperates with Corporate Treasury to ensure proper financing of the affiliates

Ensures timely and accurate cash flow reporting including cash forecast (yearly budget /monthly 3M rolling) and net debt reporting and forecasting; plays a key role in the communication and analysis of cash flow variances with the corporate treasury team

-Manage and review Trade finance instruments e.g. deposits, guarantees, letters of credit, performance bonds etc.

Cash flow and working capital optimization

• • Monitors free cash flow generation and working capital KPIs (DSO, payment terms, overdue, DPO) through cash reviews, action plans,…

  • Leads working capital projects, for example debt or invoice factoring, payment terms enhancement, etc

Partners with business functions to raise awareness and spread a cash-oriented mindset

• Bank relationship management

• • Subsidiary Financing handles the cash management bank relationship, nevertheless, the Head of Regional Treasury Center acts as senior point of contact with the banks

  • Participates to contract review when applicable (overdraft, credit facilities…)

  • Manages the daily operational bank relationship

Supervises that bank fees are in line with agreed pricing

• FX risk management

• • Ensures accurate and timely reporting of FX exposures and subsequent settlements, monitors ad-hoc transactions incurring Fx risk

  • Ensures proper proper hedging of FX exposure of non-centralized entities

  • Follows up the FX gains & losses at least on a quarterly basis

revaluations end of month, Fx exposure forecast accuracy, currency of invoicing for new flows

Provides support regarding intercompany reconciliations – ICS, Transfer price adjustments, Royalties, Dividends, Central cost charges, etc.

• Insurance related activities

• Company credit card procedures

• Other activities

• • Supports/liaises with Corporate Treasury on Legal/Tax activities including dividends, legal restructurings, intercompany loan issuance and interest settlement;

  • Supports Corporate Treasury in M&A, business development and divestment execution;

  • Reviews investments and Capex projects on an ad hoc basis

  • Where applicable, support to Pensions Funds financing and daily operations

  • Collaborates with Treasury Systems for any relevant project if applicable

  • Contribute to develop, maintain and implement a robust business continuity plan (BCP) in collaboration with neighbouring functions and CFO

• Compliance and internal control

• • Understands local banking regulations and ensures compliance with relevant financial reporting requirements, Treasury policies and internal control requirements

  • Maintains bank accounts documentation and signatories

About you

• Experience

•7/10 year experience in Financing & Treasury activities in multinational companies; possibly with in-house bank structure

Other experiences in senior finance roles within an international environment is a plus

• Soft and technical skills

Proven Management skills, ability to promote team spirit and drive results

•Advanced analytical skills, financial acumen, and strategic thinking

•Experience in collaborating among senior management, business, and functional leaders

•Building partnership and trust over time with partners internally (senior management, business leaders, finance teams and corporate treasury team) and externally with banks

Proven presentation skills, ability to communicate, assertiveness

•Team player, proactive and solution oriented

Good background in accounting (IFRS) and/or financial analysis

•Knowledge of Treasury Management Systems, S/4HANA Treasury module is a plus

• Education: Bachelor’s degree – preferably Master's degree - in business administration, finance, accounting or economics

• Languages: fluent written and spoken English and Spanish

Pursue progress, discover extraordinary

Better 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, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, or gender identity.

Watch our ALL IN video and check out our Diversity Equity and Inclusion actions at sanofi.com!

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