Head of Treasury

Fribourg , Fribourg, Switzerland

Type: n/a

Category: Finance & Accounting

Requirements: English
Company: WhatJobs
Region: Fribourg , Fribourg

Richemont owns some of the worlds leading luxury goods Maisons, with particular strengths injewellery,watches, fashion and accessories. Each Maison represents a proud tradition of style, quality and craftsmanship and Richemont seeks to preserve the heritage and identity of each of its Maisons. At the same time, we are committed to innovation and designing new products which are in keeping with our Maisons values, through a process of continuous creativity.

BACKGROUND

As part of a replacement following a retirement, we look forward to welcoming your application for this role within our Richemont International SA (RISA) Financial team, based in Fribourg.

In charge of our European Payment Factory department, you will play a key role in the continuous improvement of our cash management structures, managing and optimizing payment and receipt flows. You will lead and develop a high-performing team, contributing significantly to the overall success of Richemont''s European treasury operations, while maintaining strong relationships with external stakeholders such as banks and auditors.

HOW WILL YOU MAKE AN IMPACT?

Reporting to the Head of Financial Reporting & Accounting and based in Fribourg, this role will be responsible for the following responsibilities, including but not limited to:

Treasury team management

• Lead, manage, and develop a high-performing team of 8 people, fostering a collaborative and supportive work environment.

Strategic leadership & optimization of the European Payment Factory

• Develop and implement the strategic direction for the European Vendor Payment Factory, aligning with Richemont''s overall treasury strategy and objectives.
• Analyze and improve vendor payment processes, identifying and implementing best practices to enhance efficiency, reduce costs, and mitigate risks.
• Oversee the netting process, optimizing efficiency and minimizing costs.
• Manage and optimize the technology and systems used in the European Payment Factory.
• Work with core banking partners, in collaboration with Group Treasury, to establish and optimize cash management solutions, negotiating favorable terms and conditions.

Operational Management & Risk Mitigation

• Ensure the security of vendor payment flows, the processing of settlement campaigns, identifying and resolving anomalies and rejections.
• Identify, assess, and mitigate financial and operational risks associated with vendor payments, including fraud prevention and compliance breaches.
• Ensure full compliance with all relevant financial regulations and internal controls.
• Provide regular reporting and analysis on key payment factory metrics, including payment volumes, processing times, costs, and error rates.

Financial Planning & Support

• Manage, review, and improve the cash flow forecasting model in line with the Group approach, ensuring accuracy and reliability.
• Manage credit cards, incoming payments, and warranties, ensuring timely processing and reconciliation.

Projects and data analysis

• Drive continuous improvement initiatives and specific projects within the team, focusing on enhancing the efficiency and effectiveness of the European Payment Factory.
• Define and monitor KPIs to measure the efficiency of treasury activities.
• Manage and improve our fraud resilience process related to vendor and treasury payments.
• Evaluate and implement new treasury management technologies and systems, negotiate contracts with vendors and ensure successful integration.

HOW WILL YOU EXPERIENCE SUCCESS WITH US?

Personal skills

High level of personal integrity and strong work-ethic
Reliable and diligent with strong risk-management skills
Solution-oriented, demonstrating strong problem-solving skills
Structured mind with ability to consolidate and summarize information
Strong appetite for technology and project management
Critical mind with creative thinking
Continuous improvement driver
Ability to work in a complex, fast-paced and demanding environment

Excellent communication skills with ability to communicate appropriate to audience
Strong team spirit
Promoter of collaboration and empathy

Education, experience and core competencies

University degree in Corporate Finance or a related field
Professional qualifications are an asset (ACT, CTP, ACCA, etc.)
Minimum 10 years experience in Treasury, Corporate Finance, Financial Audit within a global corporate treasury operations environment, with a significant foc

Click here to apply and get more details about this job! It will open in a new tab.