CHC Regional Treasury Services Center Analyst
Europe & EMEA

Grade: L2Hiring Manager: Sanofi Regional Head of TreasuryLocation: Budapest, HungaryRemote working in accordance with the conditions defined in the local telework agreement No travelJob type: permanent, full time

Following the announcement in December 2019 of the creation of a standalone Global Business Unit, Sanofi’s Consumer Healthcare (“CHC”) has 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 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 Regional Treasury Services Center Analyst for Europe & EMEA. He/she will report to the CHC Head of Regional Treasury Services Center.

About the job

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.

Our team

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

The Regional Treasury Services Center is in charge of:

Running daily operational Treasury management activitiesIn close collaboration with Global Treasury Operations department, ensuring proper financing of the affiliates in its scope and cash repatriationReporting and analyzing cash flow and working capital indicatorsManaging the FX exposure of the affiliates in compliance with Group policiesCredit Risk ManagementParticipating in projects to improve Treasury processesOperating in compliance with internal and external regulations

Main responsibilities

The Regional Treasury Services Center Analyst position reports to the Head of Regional Treasury Services Center and is responsible for the following main activities.

Daily operational treasury managementReconciliation of bank flows with forecasts and balancing of bank accountsCentralized countries: prepare daily cash position and rolling liquidity forecast in order to ensure Financing of shortages or placing of surpluses with the CHC holdingNon centralized countries: prepare daily cash position and rolling liquidity forecast to deposit surplus or withdraw credit facilitiesLaunch and control of current account interest scales for billingExecution of Treasury related payment activities, including wire transfers, electronic funds transfers, intercompany loan/deposits settlements, and other treasury transactions

Cash flow and working capital optimizationResponsible for actual and forecast cash flow (internal and external) reporting and analysisWorking Capital analysis including:Cash Conversion Cycle KPI’s, focused on DSO (Budget, Actuals, Forecast), as well as DPO and DIOCustomer overdue

Management of foreign currency exposure: follow up the FX gains & losses

Banking relationshipManagement of bank accounts (opening/closing, overdrafts) and banking powersPoint of contact with local banks in respect of treasury operational issues ensuring quality of serviceMaintain local banking and payment systems in accordance with Group policyControl bank feesCompliance and internal controlMaintain the documentation for Treasury business processes, review and update and ensure compliance with internal control requirements;Relation with external auditors by providing requested items and thoroughly responding to questions in support of the financial statement audit;

ProjectsParticipate in projects to improve Treasury processes, technologies that facilitate operational efficiencies and Treasury performance;Liaise with IT function with regards system issues and process improvements;

MiscellaneousMaintain local intercompany loan scheduleSupports Pensions activities if applicable

Credit risk management: support Head of regional treasury services center in assessing the credit risk profile of the most significant customers as per Group policy

About you

Experience: while Treasury experience is preferred for this role, it is not a requirement. Applicants with general finance experience can also be considered for this position, provided that the team overall will have the right expertise balance.

Skills:Strong analytical skills, financial acumen, accuracy and attention to detailsAbility to build strong working relationships with partners internally and also externally with banks; verbal, and written communication skillsTeam player, proactive and solution orientedStrong capabilities in MS ExcelPreferred: knowledge of cash management and treasury systems and/or accounting and/or financial analysis

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

Languages: native Italian with 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 sanofi.com!

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, ability or gender identity.

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