Cash Pool Manager @ Charles River
Leiden – Full-time
In this challenging position you will manage the European Cash Pool Management System to optimize liquidity management across the entire European cash pool group, with responsibilities to include utilization of the FIS Integrity Treasury Management System “TMS” and management of daily funding requirements, cash forecasting, investments, banking services, and reporting.
Essential Duties and Responsibilities:
Responsibilities pertain to the company’s European Cash Pool Management System.
• Utilize and maintain the in-house bank module of the TMS to manage multicurrency cash pool liquidity, target cash balances, and daily sweep activity.
• Maintain and/or update intercompany interest rates in TMS quarterly.
• Manage the monthly interest calculations and capitalization of cash pool Deposits and Loans.
• Execute the TMS journal entry process and the export of journal entries to SAP; review booked entries for accuracy.
• Prepare necessary reports to assist third party advisor with the calculation of cash pool base compensation and surplus profit/loss and determine distribution of such
• On-board or off-board cash pool participant entities into the Cash Pool Management System including updates to the Cash Pool Management and Intercompany Loan Agreement.
• Manage cash pool-related banking relationships and quality of cash pool services.
• Perform bank account maintenance for cash pool accounts, such as account openings or closings, FATCA and KYC refresh.
• Assist with the timing and process of dividend repatriation among the cash pool entities, the annual Deposit and Loan repayment process, and new medium-term loan agreements, as required.
• Collaborate with the cash pool participant entities to develop and/or maintain accurate cash forecasts and determine liquidity/working capital needs.
• Participate in strategic finance decisions, including assessment of cash needs and risk and determining best financing option with the Treasury Team.
• Recommend borrowings or repayments on the Credit Agreement revolving line of credit.0
• Oversee the credit risk of the cash pool manager entity’s IC Loan receivable with the Credit Agreement Subsidiary Borrower.
• Continually seek ways to improve earnings per share such as efficiently managing bank fees, interest income, and interest expense.
• Prepare presentation materials for quarterly board of directors’ meetings.
• Assist Tax team with cash pool related tax compliance, auditing and other related matters as assigned.
• Assist with the annual benchmarking of arms-length interest rates and transfer pricing documentation
• Manage long-term and short-term investment strategies for the cash pool.
• Evaluate new investment opportunities, assess performance benchmarks, and make investment recommendations to senior management.
• Assess foreign exchange risk and any other risks. Assist in developing an action plan to mitigate risks. Manage and execute approved foreign exchange hedging program for cash pool exposures.
• Recommend, implement, and manage process improvements.
• Ensure operational compliance with Sarbanes Oxley controls, Credit Agreement covenants, and corporate policies.
• Assist auditors with Sarbanes Oxley testing and SEC reporting support.
• Manage special projects and all other related duties as assigned.
Job Qualifications
• Education: Bachelor’s degree or equivalent in finance, accounting or related discipline. Masters preferred.
• Experience: Five to eight years of related European experience.
• An equivalent combination of education and experience may be accepted as a satisfactory substitute for the specific education and experience listed above.
• Certification/Licensure/Membership: CEFA preferred.
• Strong analytical, communication and organization skills required. Must be proficient in Microsoft Word, Excel, and PowerPoint.
• This position requires an individual that is self-motivated and can work independently as well as in collaboration with colleagues from all over the world.
What we offer you:
– A very comprehensive benefits package from day one.
– Global opportunities and strong career progression.
– The chance to work on several varied projects and liaise globally and nationally with other business areas.
– To be able make a difference to health and wellbeing of people.
– To continue your own career growth.
– Hybrid position.
– Well-being support and initiatives.
