Net Working Capital Champions

Eurofins; Barcelona; Híbrido; EUR 45.000 - 65.000; Jornada completa

Descripción de la vacante

A global leader in laboratory services is seeking a Net Working Capital Champion in Barcelona, Spain. This full-time position involves improving cash conversion through strategic initiatives and reporting to senior management. The ideal candidate will have a strong background in finance, analytical skills, and prior experience in credit management. A flexible work schedule and hybrid work model are offered.

Servicios

Flexible schedule

Hybrid model with work-from-home options

Flexible benefits package

Permanent contract

Formación

• 5-7 years of experience in credit management.
• Experience as Financial Controller, Financial Analyst, or in Audit is a plus.
• Fluency in English for reporting and communication.

Responsabilidades

• Define action plans with business leaders to improve cash conversion.
• Ensure quick invoicing and monitor DPO evolution.
• Produce regular reports and alert management on deviations.

Conocimientos

Analytical skills

Communication skills

Knowledge of accounting principles

Educación

Bachelor degree in Finance or Economics

Herramientas

Microsoft SQL Server

Visual Studio

Entity Framework

Descripción del empleo

In the context of a fast-growing company Eurofins is looking for its Net Working Capital (NWC) Champions to join its finance. Working Capital is one of the key financial metrics for the Group and must be improved with on-going and regular actions.

Under the leadership of the NSC Finance Director (FD) the NWC Champion will join the monthly National Business Lines Leaders Committee which will empower her / him to propose support implementation and monitor all necessary actions to improve the NWC in the different Business Lines in the country.

Committed to NWC improvement in her / his perimeter she / he will ensure that all best practices are shared and implemented across the different business lines that the information on NWC DSO / DPO / DIO overdue down payments and other NWC drivers are well timely and systematically communicated analyzed and that systematic actions plans are built reported and executed.

Reporting to the NSC Finance Director to ensure her / his objectives are met :

• Define action plans with the business leaders to improve the overall cash conversion; participate in the National Business Lines Leaders Committees (NBLLC) to share results and progress and action plans to improve the NWC on a monthly basis

Trade Accounts Receivables

• Ensure we are signing the right terms with the right clients in all our business lines.
• Flag any deviation from our standard GTS 30 days payment terms and propose adjustments as needed.
• At the request of the National Business Leader and for significant contracts participate in the proposal and negotiation of the best payment conditions with clients.
• Set up the Credit Committees and related credit management guidelines per business line; negotiate prepayment for clients with weak credit ratings.
• Ensure we are invoicing quickly: analyze the level of unbilled and work in progress (WIP) revenue, flag any deviation vs Key Guidance Document on Credit Management.
• Go through the invoicing process to ensure it is efficient, error proof and seamless leading to reduced unbilled and WIP levels.
• In case of long‑term projects ensure we are negotiating prepayment and/or milestone payments.
• Ensure we have the right collection processes in place: analyze current collection organization and processes in the different business lines in scope, flag any deviation vs Key Guidance Document on Credit Management.
• Ensure the Group minimum guidelines in terms of dunning and collection are known and implemented, share good practices and propose improvement as needed.
• Set clear objectives to significantly reduce overdues for each national business line.
• Propose actions to the business leaders (such as withholding of analytical reports, goods or order bans/blacklist) in case of systematic late payments from clients and/or default (bankruptcy, bad credit rating, etc.).

Trade Accounts Payables

• Monitor DPO evolution and improvements in close relation with the Purchasing organization and the Business leaders as needed, flag any deviation vs the Key Guidance Document on PTP.
• Ensure we are signing right terms with the right suppliers: propose the best payment terms possible, ensure the policy is then systematically implemented.
• Ensure we reduce to the strict minimum any prepayment to suppliers (including yearly payments, subscriptions, etc.).

Other Net Working Capital components

• Monitor Inventory level and DIO, communicate proactively with business leaders showing the highest level and/or the biggest increases; evaluate and propose in relation with Purchasing Teams alternative to large deliveries securing procurement without additional inventories, etc.
• Employees related liabilities and other receivables and payables: monitor and forecast the evolutions of these drivers.
• Participate in the budget and forecast processes for Net Working Capital by supporting the National Business Lines set up ambitious targets for their teams.
• Ensure the selected KPIs supporting the action plans are well known, reported, analyzed and communicated to the right stakeholders in scope (DSO reports, DPO reports, overdue aging reports, etc.).
• Produce regular reports and proactively alert management on deviations. This includes: weekly qualitative exchanges with Business leaders, Global treasury & Finance Director; direct contact with Top Management to alert about deviation / lack of progress.

Qualifications

• Bachelor degree in Finance or Economics.
• A successful prior working experience (5-7 years) is mandatory, preferably in credit management.
• Experience as Financial Controller, Financial Analyst, Treasury Manager or in Audit could be considered.
• Good knowledge of accounting principles and understanding of business and accounting/reporting processes (P2P O2C).
• Daring and bold able to push her / his ideas and challenge opposition.
• Strong analytical & communication skills (ability to analyze and summarize big volumes of data and to articulate ideas in a clear and concise manner).
• Accuracy of work pays attention to details like numbers; good organizational skills.
• English fluency to report and communicate beyond perimeter (within the NWC Community, etc.) is required.

Additional Information

• Flexible schedule.
• Hybrid model with possibility of work‑from‑home when the candidate has consolidated her / his position.
• Flexible benefits package.
• Permanent contract.

Remote Work : No

Employment Type : Full-time

Key Skills

Entity Framework, MVC, Wcf, .NET, ASP.NET, Microsoft SQL Server, C#, Visual Studio, TFS, ADO.NET, JavaScript, Visual Basic

Department / Functional Area : Finance

Experience : years

Vacancy : 1