Create and manage the three month liquidity forecast (daily basis) for multiple Group entities within the North American Region.
Develop and maintain a 12-month rolling forecast in coordination with the respective Controlling department.
Responsible for the determination and initiation of any necessary financial transactions to manage funding levels (investment/loan processing in hundreds of millions).
Advise and make recommendations to the affiliated group companies on investment options to optimize their respective P&L.
Work Independently with Controlling, Accounting, Customs, Tax, Logistics, and other departments to maintain a high level of liquidity forecasting accuracy.
Create forecast vs. actuals analysis to determine if any measures are needed for improvement of planning quality.
Consult daily with the responsible Cash Management team to determine the borrowing or investment of short-term liquidity.
Provide a weekly reporting package to the Controller/CFO, summarizing major updates/changes to the forecasts, actuals, and variance analysis.
Update and maintain desktop procedures as it relates to the liquidity planning process.
Collaborate with VWAG’s Liquidity planning team on ways to improve the processes/technology currently used for planning.
Participate in VWAG’s weekly Group Treasury liquidity steering meetings. Provide a liquidity outlook for all companies being managed to VWAG’s Global Head of Capital Markets.
Provide monthly reports to Group Treasury which outlines the operative payments and collections of all foreign currency accounts.
Input the daily financial transactions into the VWAG Group Treasury reporting system (BWKT).
Assist in the annual Treasury Service Fee process. Work with VWAG to ensure accurate calculation of Treasury Services and its timely collection.
Manage the Treasury Service Master Agreements for all affiliate Group Companies receiving services from the Regional Treasury Center (30+ companies).
Years of experience
0 - 3 years of experience
Education - Required
Bachelor’s Degree in Finance, Business or related degree
Qualifications - Required
Advanced MS-Office skills (especially Excel and PowerPoint
Ability to perform modeling and sensitivity analysis on large amounts of data
Ability to analyze and interpret financial statements (Balance sheet, P&L, Cash Flow)
Excellent written and spoken skills
Analytical and conceptual thinking – using logic and reason, creative and strategic
Ability to communicate and interact effectively will all levels of the organization and outside partners such as banks. Must be able provide analysis & recommendations in a clear concise manner.
Integration – joining people, processes or systems
Influencing and negotiation skills
Good listening skills—open to building upon others’ opinions.
Ability to work internationally and high cross-cultural competence
Willingness to travel internationally
Work during US holidays or company given holidays
Qualifications - Desired
2+ years of experience in Treasury, Accounting, or Finance deep understanding of derivatives and other financial instruments
German language proficiency (writing and speaking)
SAP system experience
Experience in relevant field (Risk Management, Cash Management, and Corporate Finance)