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​CHC Cash Flow and working capital optimization Manager (all genders)

Neuilly-sur-Seine, France Permanent Date posted 25/06/2024
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CHC Cash Flow and working capital optimization Manager

  • Hiring Manager: Head of Global Treasury Operations
  • Location: Neuilly sur Seine, France
  • Remote working in accordance with the conditions defined in the France telework agreement
  • Few travel expected
  • Job type: permanent, full time


The creation of a standalone Global Business Unit, Sanofi’s Consumer Healthcare (“CHC”) has now grown into a leading consumer healthcare platform with a presence in 150 countries and over 11,000 employees, dedicated resources in R&D, manufacturing, information technology as well as its distinct sustainability roadmap.

Sanofi recently announced its intention to separate the CHC Business as it increases its focus on innovative medicines and vaccines. The intended separation will seek to create two entities, each better equipped to pursue its own business strategy, resourcing and capital allocation and enabling each to focus on long-term growth in its respective markets. Sanofi believes that the separation will unlock further opportunities for CHC to leverage its portfolio of leading brands and continue to drive growth and shareholder value.

Subject to market conditions, the separation could be achieved at the earliest in Q4 2024.

In that context, Sanofi is looking for a CHC Cash Flow and working capital optimization Manager for its CHC Global Treasury. He/she will report to the CHC Head of Global Treasury Operations.

At Sanofi Consumer Healthcare, we have one overarching mission - to work passionately, challenging ourselves and our industry every day, to drive what we believe is the next health revolution: evolving from simply serving consumers, to helping people help themselves - bringing “Health in Your Hands”.

We are building trusted & loved brands that connect with hundreds of millions of consumers worldwide, enabling better self-care for individuals and communities, while also contributing to a healthier planet. To fulfill this mission, we are embarking our consumers, our customers, healthcare professionals, and our employees in this journey because this is what will make us become the “Best Fast-Moving Consumer Healthcare (FMCH) Company In & For the World”.

Consumers at the heart of everything we do and we want to make a difference where it counts, driving leadership in the categories we play in: Allergy, Digestive Wellness, Pain, Physical & Mental Wellness, and Cough, Cold & Flu.

To achieve this, we need strong talent who will help us shape the future of our Consumer Healthcare business and challenge our industry. We aspire to create a work environment where people can thrive, grow, and be at their best every day. We believe in operating with integrity and prioritizing the health and well-being of people and communities where we operate, working towards making a positive impact in the world.

About the job

CHC Global Treasury is mainly responsible for the financing, cash and risk management as well as insurance of CHC affiliates.

CHC Global Treasury Operations (CHC GTO) is part of CHC GT and oversees the following activities:

  • Liquidity Management
  • Market Compliance and Control and Operational Excellence
  • Subsidiary Financing
  • Working Capital Optimization
  • Credit Risk Management

We ensure affiliates’ liquidity and financing and ensure optimal capital structures.

We ensure effective cash management structures are implemented and optimize the centralization of the Cash of CHC entities at the level of CHC Holding and manage the CHC In-House Bank.

We support the Regional Treasury Centers teams, always work in close collaboration with our internal stakeholders and supervise the relationships with Sanofi core banks.

We support Cashflow reporting and lead initiatives to optimize working capital of the Company.

We ensure compliance of the Market Operations managed by Treasury Front Office/Capital Market department on all asset classes and ensure Operational Excellence of Treasury Operations.

We support the Treasury aspects of company transformational projects and strategic initiatives.

Your main responsibilities

The CHC Cash Flow analysis and working capital optimizationManager belongs to the CHC GTO team.

Free cash flow reporting and analysis

  • Coordinate, consolidate and analyze CHC free cash flow budget, 3-month rolling forecast and actual data submitted by the regional Treasury Centers to present them to Treasury and Finance senior management including Group CFO
  • Set up the to-be process and tool to perform those activities post-separation from Sanofi
  • Cross-functional interactions: build trust and ensure effective cross functional cooperation and alignment with other treasury teams at corporate and local levels, Group Controlling, Consolidation, Corporate Tax, …)

Working capital optimization

  • Lead working capital optimization projects which can either be internal (co-led with procurement, trade & revenue management…) or involving banks (factoring, supply chain financing,…)
  • Define yearly working capital optimization targets with other parties involved and CFO ambitions for 3yrs business plan
  • Set-up and analyze monthly/quarterly KPI (cash impact of projects, DPO, DSO & overdue…)
  • Raise cash awareness across the company

Transformational Projects

  • Take a leading role in supporting Group strategic initiatives on treasury aspects
  • Build trust and ensure effective cooperation with cross functional and external partners (other treasury teams at corporate and regional levels, GBS, HFOs, tax, Legal, banks, …)
  • Keep up to date with Cash Management best practices & technology
  • Take a leading role in supporting the Treasury Transformation Programs, Strategic initiatives


  • Support affiliates & regional treasury services center on Credit Risk Management policy implementation and assessment of the credit risk profile of the most significant customers as per Group policy
  • Participate to the approval of customer trade tools, such as guarantees and letters of credit
  • Participate to supplier contract reviews on an ad hoc basis
  • Manage the annual affiliates bank relationship survey

About you

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

  • Experience
    • At least 5 to 10 years of proven Experience in Financing & Treasury activities in Multinational companies, preferably Corporate Treasuries or Management Control
    • Experience with Treasury Management Systems
    • Other experiences in various senior finance roles within an international environment a plus

  • Soft skills
    • Advanced analytical skills, financial acumen, accuracy and attention to details
    • Building partnership and trust over time with partners internally and also externally with banks
    • Proven presentation skills, ability to communicate, assertiveness
    • Team player, proactive and solution oriented

  • Technical skills
    • Good background in accounting and/or financial analysis
    • Proven ability to manage multiple projects, work effectively with cross-functional partners
    • Strong capabilities in MS Excel

  • Languages: fluent written and spoken English

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, colour, 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!

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