Treasury Assistant

LG Electronics Benelux; Amstelveen; On-site; EUR 45,000 - 65,000; Full time

Job summary

LG Electronics Benelux invites a treasury professional to join the European Treasury Center in Amstelveen, Netherlands. You will manage treasury operations for 40 subsidiaries across Europe, the CIS, the Middle East and Africa, focusing on liquidity, cash management, risk management and treasury accounting within a dynamic shared service center.

Join a team of three functions—Cash management, Treasury Finance, and Credit Insurance—and contribute to processes, reporting, and project tasks that

Responsibilities

• Liquidity management incl. credit lines, ABS cycles, FX hedging, and audits.
• Cash management: intercompany netting, banking system administration.
• Treasury accounting: closing, accruals, central bank reporting.

Skills

Treasury management

Cash management

FX risk hedging

Intercompany netting

Tools

ERP systems

Job description

At LG, we deliver products and services that makes live better, easier and happier though increased functionality and fun. Put simply, we offer the latest innovations to make sure “Life’s Good” – from home appliances, consumer electronics and mobile communications to business innovations in digital signage, air conditioning, solar and LED lighting. As a global leader, we strive for greatness in product leadership, market leadership and people leadership to realize our growth strategies.

In order to do so, we employ roughly 170 employees at our office in Amstelveen, the Netherlands, divided over two entities, being LG Electronics Benelux Sales B.V. and LG Electronics European Shared Service Center B.V.

What will you do?

You will join the European Treasury Center which is part of the European Shared Service Center. The Team consists of 3 parts: Cash management, Treasury Finance & Credit Insurance. You and your future colleagues are in charge of treasury operations of 40 subsidiaries in Europe, CIS, Middle East and Africa region. The main focus areas are cash management, liquidity management, risk management and treasury accounting.

Your main responsibilities will include:

Liquidity Management

• Credit line and bank guarantee arrangement and maintenance of EMEA, Middle East & Africa subsidiaries;
• Asset Backed Securitization program (following up every ABS cycle: information, settlement, and booking, and managing ABS documentation);
• FX exposure management & hedging (forwards, matching, payment terms);
• Execute FX spot deals for subsidiaries;
• Audit (internal, external);
• Urgent payment for LGESC;

Cash Management

• Global inter-company netting (operate netting system, reconciliation, set-up new entities, follow-up issues);
• Administration of treasury management, FX systems and banking systems;

Treasury Accounting

• Treasury accounting closing (accruals, FX evaluation)
• Monthly and annual Central bank reporting

Others

• Financial market monitoring;
• Analysis of cost & profit;
• Documentation of procedures (process mapping);
• Document filing;
• Reporting to accounting department;
• Projects & tasks;
• Problem solving;

Cash Management

• Cash concentration (initiation and monitoring of manual and automatic cash concentration sweeps);
• Payments (initiation and settlement of ad hoc, bulk, foreign exchange, money market and netting payments etc.);
• Management of overall balance of global multi currency pool (place overnight deposits or take out overnight loans);
• Manage local bank account balances;
• Minimize subsidiaries and ETC’s interest cost