Tag Archive for: treasury

Start your International Treasury Management and Corporate Finance course in September 2020

29-5-2020 | by Kendra Keydeniers | Francois De Witte | ATEL

The treasurer is the custodian of the company’s daily liquidity. He manages, anticipates and secures cash flows by ensuring that financial needs are covered.

This cursus will give the ability to assist directly and practically the treasurer of large corporates or to take over the treasury responsibilities in a SME.

The various modules will allow acquiring an in-depth knowledge of the various areas of the “Corporate Treasure” profession.

Registration

This course will start late September 2020. It includes 13 training modules and 5 intermediary exams. It is necessary to complete this form before your official registration. Registration will be closed early September 2020.

Objectives

At the end of this programme, the participant will able to:

  • assist directly and practically the treasurer of large corporates
  • take over treasury responsibilities in a SME.

The various modules will allow to acquire an in-depth knowledge of the various areas of the “Corporate Treasurer” profession.

Programme

Module 0: Introduction to Treasury Management
Speaker: Benjamin Defays / Treasury Manager

  • Corporate Treasurer’s responsibilities
  • Cash management (bank account opening, closing, KYC, Cash pooling, Payments and bank connectivity)
  • Liquidity management (importance of working capital management,
  • Risk management (foreign exchange, fraud, credit risk)
  • Trade finance (general context, intro to bank guarantees and letters of credit)

Module 1: Financial Maths (Focus on treasury & corporate finance)
Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School

  • Focus on treasury & corporate finance
  • Time Value of Money
  • Vocabulary
  • Compounding intervals
  • Discount and annuity factors

Module 2: Advanced Excel workshop for treasurers (Dedicated to treasury)
Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School

Module 3: Corporate Finance
Speaker: Mikael Pereira / Associate, Finance

  • Valuations
    • M&A’s
    • Portfolios
  • Corporate Financing
  • Corporate Investments

Module 4: Cash Management (domestic and international)
Speaker François De Witte / Consultant

  • Payments (Process, Tools)
  • Liquidity Management
  • Cash-Flow Forecasting
  • In-House Banking
  • Banking Relationship

Module 5: Trade Finance
Speaker: Benjamin Defays / Treasury Manager

  • General contact, cultural aspects
  • Why trade finance in treasury
  • Bank Guarantees, Burgschafts, Surety Bonds, Letters of Credit, Cash against Documents
  • Alterative security instruments
  • Disruptive technologies

Module 6: Credit Control
Speaker: Anca Vasiliu / Counterparty Risk Manager

  • Concepts & Practices/Types of Credit Risks
  • Understanding Financial Statements and Ratios
  • Credit Scoring/Ratings – S&P, Bloomberg models
  • Collecting overdue receivables – setting priorities
  • Strategies dealing with overdue invoices
  • Debt collection services development

Module 7: Pension / Insurance 

  • General introduction on insurances and pensions
  • Typology of insurances
  • Risk management via insurances
  • Saving via insurances

Module 8: Compliance

  • KYC, GDPR, EMIR, Bale III
  • International sanctions and their impact on transactions & overall business activities
  • Anticorruption (FCPA, UK Bribery Act)
  • EU competition law compliance
  • INCOTERMS
  • Drafting a contract (main considerations)

Module 9: Risk Management
Speaker: Patrick Verspecht / Group Treasurer

  • FX, Interests
  • Counterparties
  • Others (Reputation, etc…)

Module 10: Regulations / Accounting
Speaker: Quentin Bodart / Senior Finance Engineer

  • Emir, Mifid 2, Basle II and III,
  • Dodd Frank, GDPR, Fatca, Section 385…

Module 11: Treasury Accounting
Speaker: Quentin Bodart / Senior Finance Engineer

  • Accounting for Derivatives
  • Hedge Accounting, IFRS9 (all from a treasury side)

Module 12: Technologies
Speaker: Patrick Verspecht / Group Treasurer

  • New Technologies
    • Blockchain, Crypto-currencies, Smart Contracts
  • Treasury Console (Bloomberg, Thomson Reuters)
  • TMS, Fintechs

Module 13: Cyber Fraud

  • Why Cyber fraud needs to be considered as a major risk
  • Identify the consequences of a cyberattack
  • Main fraud schemes
  • How to protect against fraud

Some homework might be proposed for some modules, there will be continuous control in the form of intermediary exams (under the form of QCM) and a final exam will be sanctioned by an attestation delivered by ATEL (The Luxembourg Association of Corporate Treasurers).

There might also be one or two “extra-activity”, such as a visit in a bank trading room or/and a special guest speaker addressing the cursus participants on a specific subject (still to be defined, optional events).

Target Audience

Anyone willing to acquire an in-depth knowledge in corporate treasury and wishing to exercise this knowledge in practice.

Prerequisites

  • Basic background in finance or accounting
  • For the Advanced Excel workshop, a preliminary (good) knowledge in Excel is required

Course Material

The course material can be downloaded free of charge via your portal the day before the start of the course (download the Client Portal User’s Guide here).

Certificate

At the end of the programme, the participants will receive a “Certificate of Attendance” delivered by the House of Training, and an attestation of “Exam Success Pass” delivered by ATEL.

In order to get certified, an 80% rate of attendance and a 60% average score on the examinations are required.

The participants will also receive a one-year free membership to ATEL (www.atel.lu) giving a number of advantages.

Register here

 

 

 

 

 

 

Become the next Cash Manager with City Financials Expertise (m/f)

27-05-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Cash Manager with City Financials Expertise (m/f)

Tasks Cash Manager

The cash manager is responsible for operational tasks like forecasting, payments, liquidy management and bank relationship management. Specifically the use and improvement of the TMS, City Financials, will take substantial time.

Ideal Cash Manager

The ideal candidate for this position has corporate cash management expertise. Only candidates with City Financial experience will be considered.

Our Client

Our client is a multi-billion, international company with a large presence in The Netherlands. 

Remuneration and Process

We are in dialogue with our client about the set of tasks and the ideal candidate for this position. Our first feasibilty study shows a limited number of candidates in the Dutch labour market with City Financials experience. As this is a dealbreaker, we already started communicating with the market mentioning this constraint. We invite candidates with this expertise to contact us and find out if this position might be for them. The Treasurer Test might be part of the recruitment process.

Location

Utrecht Region

Contact person

Kim Vercoulen

 

T: (0850) 866 798
M: (06) 2467 9339
E: [email protected]




Webinar Alert: Treasury Management in the COVID19 crisis

| 26-05-2020 | Francois De Witte

On June 15th, our Expert Francois de Witte will present a Webinar in collaboration with Febelfin-Academy, regarding Treasury Management in the COVID19 Crisis. The Webinar is in Dutch

Omschrijving

Ten gevolge van de COVID19 zijn veel ondernemingen geconfronteerd met cash & liquiditeits problemen. Hoe ga je hiermee om? Welke tools heb je ter beschikking om dit te beheren? Hoe benader je de stakeholders incluis de banken voor bijkomende kredieten.

Deze opleiding heeft als doelstelling om inzicht te geven in:

  • de tools voor het cash & liquidity management en hoe ze te gebruiken;
  • hoe creëer je bijkomende financiële ademruimte: beheer van werkkapitaal – uitstel van kosten;
  • hoe benader je de banken voor uitstel van aflossingen en/of bijkomende kredieten;
  • de inschatting van de risico’s en opportuniteiten van deze nieuwe situatie;
  • het opstellen van een concreet actieplan.

Vereiste voorkennis

Advanced level: biedt praktijkgerichte toepassingen op de reeds verworven theoretische kennis van de “basic level” opleidingen (uitdieping).

Voor wie is deze opleiding bestemd?

De opleiding kan gevolgd worden door verschillende doelgroepen:

  • KMO relatiegelastigden van banken;
  • Financiëel verantwoordelijken van KMO’s en non profit organisaties;
  • Corporate Treasurers.

Programma

Inleiding: Belang van cash & liquidity management

Deel 1: Tools voor het beheer van cash & liquidity management van je onderneming:

  • Wat is mijn cash positie vandaag?
  • Cash forecast voor de komende dagen, of zelfs weken?
  • Beheer van werkkapitaal
  • Cash Burn Rate – Cash runway
  • Dagelijkse stuurgroep Cash Positie
  • Beheer van financiële risico’s

Deel 2: Tips voor het verbeteren van je cash positie:  

  • Beheer van de klantenpost
  • Beheer van de voorraden
  • Beheer van je leveranciers
  • Uitstel van bepaalde uitgaven

Deel 3: Onderhandeling van uitstel vervaldagen of nieuwe kredieten bij de banken:

  • Kredietbeoordeling door banken: aandachtspunten
  • Wat is momenteel voorzien door de overheid, Febelfin en de bank community?
  • Hoe benadert je best de banken: tips en tricks voor je kredietdossier

Deel 4: Risico’s en opportuniteiten – Actieplan:

  • Risico’s en opportuniteiten
  • Tips & Tricks
  • Actieplan

Q & A – Coaching

Pracktische Informatie

  • Duurtijd: 2u30
  • Uren: 10u – 12u30
  • Plaats: Inloggen op online platform
  • Kosten: Leden €160 / Niet-leden: €180

Schrijf je hier in voor de training

 

Cashforce Webinar: Quick Wins Offerings

| 13-05-2020 | Cashforce

CashForce invites you to learn about their Quick Wins Offerings during a webinar on Tuesday, May 19th at 5pm (CEST). 

In the context of the current environment, many companies are looking for ways to create visibility on Cash and Working Capital.

This is why we would like to introduce 3 Quick Wins Offerings to you:

  •  delivering a functional prototype within 30 days
  •  offered at a subscription period of only 3 months (with opt-out)

Date, time and registration

Date: May 19, 2020

Start time: 5.00 pm CEST

Register here

 

Download Leaflet 

Treasury Manager wanted for a fast growing services company

13-05-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Treasury Manager for a fast growing services company with a global and capital intense infrastructure.

Tasks Treasury Manager

The position is newly created. The Treasury Manager will be responsible for:

  • European cash management, liquidity and forecasting
  • Managing and optimizing banking structures
  • Give treasury advice to operating companies, liaise with other finance functions
  • Assist in aquisitions and funding activities
  • Develop risk strategies (FX, IR)
  • Managing regulatory compliance

Ideal Treasury Manager

The ideal Treasury Manager has a relevant University degree and at least 3 years experience in Treasury with operations as a main focus. Experience or expertise in funding and risk management is highly appreciated. Personality & mindset are at least as important as treasury knowledge and experience. As a person he/she is ambitious, adaptive and thrives in a dynamic environment. He/she is able not only to be the expert but also the result oriented project manager taking the organisation to the next level.

Our Client

Our client is a fast growing services company with a global and capital intense infrastructure. The company is innovative and the culture is Anglo-Saxon company culture. The company has a clear strategy, aims high and gets results through acquisitions and autonomous growth. Further investments are currently being done to bring the organisation to the next (professional) level, there is a willingness to invest.

Remuneration and Process

Our client offers a market level salary, the expected annual base salary will be about €70K. For candidates that obviously bring more, our client is willing to pay more. For interested candidates who qualify, a more elaborate job description is available. The Treasurer Test might be part of the recruitment process.

 

Location

South-West Netherlands

 

Contact person

Kim Vercoulen

 

T: (0850) 866 798
M: (06) 2467 9339
E: [email protected]




New Job Opening: Treasury Manager (m/f)

29-04-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Treasury Manager for a fast growing services company with a global and capital intense infrastructure.

Tasks Treasury Manager

The position is newly created. The Treasury Manager will be responsible for:

  • European cash management, liquidity and forecasting
  • Managing and optimizing banking structures
  • Give treasury advice to operating companies, liaise with other finance functions
  • Assist in aquisitions and funding activities
  • Develop risk strategies (FX, IR)
  • Managing regulatory compliance

Ideal Treasury Manager

The ideal Treasury Manager has a relevant University degree and at least 3 years experience in Treasury with operations as a main focus. Experience or expertise in funding and risk management is highly appreciated. Personality & mindset are at least as important as treasury knowledge and experience. As a person he/she is ambitious, adaptive and thrives in a dynamic environment. He/she is able not only to be the expert but also the result oriented project manager taking the organisation to the next level.

Our Client

Our client is a fast growing services company with a global and capital intense infrastructure. The company is innovative and the culture is Anglo-Saxon company culture. The company has a clear strategy, aims high and gets results through acquisitions and autonomous growth. Further investments are currently being done to bring the organisation to the next (professional) level, there is a willingness to invest.

Remuneration and Process

Our client offers a market level salary, the expected annual base salary will be about €70K. For candidates that obviously bring more, our client is willing to pay more. For interested candidates who qualify, a more elaborate job description is available. The Treasurer Test might be part of the recruitment process.

 

Location

South-West Netherlands

 

Contact person

Kim Vercoulen

 

T: (0850) 866 798
M: (06) 2467 9339
E: [email protected]




Wanted: Cash Manager with City Financials Expertise (m/f)

22-04-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Cash Manager with City Financials Expertise (m/f)

Tasks Credit Analyst

The cash manager is responsible for operational tasks like forecasting, payments, liquidy management and bank relationship management. Specifically the use and improvement of the TMS, City Financials, will take substantial time.

Ideal Credit Analyst

The ideal candidate for this position has corporate cash management expertise. Only candidates with City Financial experience will be considered.

Our Client

Our client is a multi-billion, international company with a large presence in The Netherlands. 

Remuneration and Process

We are in dialogue with our client about the set of tasks and the ideal candidate for this position. Our first feasibilty study shows a limited number of candidates in the Dutch labour market with City Financials experience. As this is a dealbreaker, we already started communicating with the market mentioning this constraint. We invite candidates with this expertise to contact us and find out if this position might be for them. The Treasurer Test might be part of the recruitment process.

 

Location

Utrecht Region

 

Contact person

Kim Vercoulen

 

T: (0850) 866 798
M: (06) 2467 9339
E: [email protected]




New Job Opening in Treasury: Credit Analyst (m/f)

15-04-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Credit Analyst (m/f).

Tasks Credit Analyst

The Credit Analyst will focus on the financial analysis of counter parties from around the world. He communicates with internal and external stakeholders, combines different sources of information and uses these to (help) make solid decisions. The Credit Analyst reports to the Head of Treasury and Finance.

Ideal Credit Analyst

The ideal candidate has a relevant Bachelor or Master degree and at least 3 years of experience with analyzing counter party risk. He has experience with credit ratings, credit insurance and balance sheet analysis. He is expert in his field and combines good communication with analytical skills. As our client is in a transition, the ideal candidate is flexible and able to deal with organizational change.

Our Client

Our client is a company with a multi billion revenue stream and a global presence. Recently the organisation went through a transformation, the rebuilding of treasury and finance is one of the results of this. The company culture can be described with key words like: result oriented, hands-on and multi-cultural.

Remuneration and Process

Our client offers a market level salary, the annual base salary is expected to be between €60K and €70K. For interested candidates who qualify, a more elaborate job description is available. The Treasurer Test might be part of the recruitment process.

 

Location

Eindhoven Region

 

Contact person

Kim Vercoulen

 

T: (0850) 866 798
M: (06) 2467 9339
E: [email protected]




Cashforce Webinar: How Treasury is dealing with the new normal

| 14-04-2020 | Cashforce

We highlight the following event, held by our partner CashForce  in collaboration with Citi; Webinar: How Treasury is dealing with the new normal

Only a short few weeks back Treasury professionals were operating in a relatively benign environment; managing routine funding needs, investments and supporting expected business growth.
Today, Treasury is in unchartered waters, working remotely, with a return to 2001 and 2008 levels of market uncertainty.
Join the panel of Corporate Treasury professionals (speakers to be announced) who are managing this business and market disruption at the frontline.
Together with Nicolas Christiaen (CEO – Cashforce), we’ll learn about their response and what steps could be taken now to prepare for the emerging new norm for Treasury.
Furthermore, Dr Duncan Cole (Principal – Citi Treasury Advisory Group) is joining this webinar.

Date, time and registration

Date: April 21st, 2020

Start time: 11am EDT / 5pm CET.

Register here

5 reasons why the most qualified candidate does not get the job

08-04-2020 | Treasurer Search | treasuryXL

Kim Vercoulen is recruitment consultant specialized in treasury vacancies for interim and permanent positions. As a recruitment consultant she often experience that the most qualified candidate does not get the job. In her blog below she gives 5 reasons why the ‘perfect match’ is not a matter of course… enjoy!

You may have been in the situation yourself that you read a job description where you find that the requirements match your experience for (almost) 100%.  You get invited for one or two interviews, you think it went great and expect positive feedback. But then.. You receive the call that they will propose an offer to another candidate. You are puzzled and don’t know what you could have done more. As a recruiter I have seen this situation and in this article I will discuss 5 reasons why the best qualified candidate does not always get hired.

1. Interview skills

For starters, getting a job takes a different skill set than doing the job. I see so many jobseekers focused on their previous experience in the field, which of course also is necessary, but getting the job requires you to practise other skills you might not have used in a long time. Skills like how to interview, network and negotiate. Recognize that these are skills that need practice. In a previous article we wrote we give you tips on how to prepare. You can also find a lot of helpful interview tips on the internet.

2. Socially desirable answering

One thing we also see is that people often give socially desirable answers in an interview. They give the answers they think the recruiter wants to hear. This gives the recruiter an unnatural impression and can hurt your credibility. In interviews the feeling you leave your conversational partner with plays a big role, you can imagine that only giving socially desirable answers does not leave them with a good feeling about the interview. They might think you are hiding your true self. That’s why it’s always better too keep your answers honest and authentic.

3. No match with company culture

You can be the perfect candidate on paper but in real life not fit in with the company culture. This could feel as unfair, but for both parties (candidate and company) this is very important in order to make a long lasting match. When you don’t feel at home you will be simply less enthusiastic, less motivated, less productive and will likely end up leaving the company sooner.

4. Lack of enthusiasm

Sometimes we receive feedback from our clients that they think the candidate could do the job very well, but that they did not feel that the candidate was enthusiastic about the company and the job. Do not assume that just because you applied it signals that you want the job. Make sure your verbal as well as your non-verbal communication shows how much you want to be hired. In the end we see that in most cases an employer will pick the enthusiastic though less qualified candidate over the more qualified but tepid candidate. So do not be afraid to explicitly state your enthusiasm for the job.

5. Unrealistic salary indication

Our clients always ask us to introduce candidates with a salary indication to make sure this will not become a dealbreaker in the end of the process. We sometimes speak to candidates who do not know their market value and ask for a too high (or too low) salary based on the market rate. Going too low can lead to underestimation and can result in employers thinking you might not be up for the task, while aiming too high can result in not getting the job because they can’t afford you. Make sure you know your worth before starting with applying by studying vacancies and using online tools. You can always consult us too, we have a good view on the treasury market and can help you with setting a realistic salary indication.

Take advantage with the Treasurer Test

Treasurer Test is the assessment tool for treasurers and it’s integrated in our services. With the Treasurer Test result report you can show your treasury skills at a glance next to your cv and motivation.

Find more info about the Treasurer Test here.

Take a deeper dive into how we integrated the Treasurer Test in our services here.

Author

Kim Vercoulen

 

T: (0850) 866 798
M: (06) 2467 9339
E: [email protected]