Treasury Manager

Elopak; Oslo; Hybrid; NOK 900,000 - 1,300,000; Full time

Job summary

Elopak, a listed international company, invites you to join as Treasury Manager in Oslo. You will drive cash management, forecasting, risk management and hedge execution across the group, while supporting debt financing and treasury reporting.

You will collaborate with Finance leadership, banks and internal stakeholders, gaining broad exposure to treasury operations, risk management and strategic financing in a lean Treasury and Investor Relations function.

Qualifications

• Bachelor’s or Master’s degree in finance, economics, business administration or related field.
• 5+ years of experience from corporate treasury, banking, risk management or similar finance roles.
• Strong understanding of cash management, forecasting, funding and risk management including FX, rates and commodities.

Responsibilities

• Manage centralized cash positions, forecasting and cash pools globally.
• Monitor exposures and execute hedging strategies in line with approved policies.
• Support debt financing, covenant reporting and rating analysis.
• Prepare front- and mid-office treasury reporting and decision support for internal/external stakeholders.
• Ensure governance and compliance with treasury policies and controls.
• Collaborate with Finance, Tax, Legal and external institutions to improve processes and data quality.

Skills

5+ years corporate treasury experience

Fluent English

Analytical skills

Education

Bachelor’s or Master’s degree in finance/economics

Tools

Treasury management systems

Market data/reporting tools

Job description

Are you motivated by working at the intersection of treasury operations, financial markets and strategic financing in a listed international company? Join Elopak as Treasury Manager and play a key role in strengthening our front- and mid-office treasury capabilities. In this role, you will work across cash management and forecasting, financial risk management and hedge execution, debt financing, treasury reporting, and strategic decision support.

What you will do:

• Cash Management & Forecasting: Manage centralized cash positions, short-term financing needs and cash forecasting globally, supporting efficient use of the Group’s cashpools, understanding of key cash flow drivers and optimization of cash utilization across the Group.
• Risk Management & Hedge Execution: Monitor foreign exchange, interest rate and commodity exposures, prepare hedge proposals and execute approved hedging transactions in line with approved strategies, mandates and limits, including related hedge documentation and support for hedge accounting processes, where relevant.
• Funding & Financing Support: Support debt and funding activities, including refinancing, capital structure and credit rating analysis and monitoring, covenant reporting, bank interaction and strategic financing initiatives.
• Treasury Reporting & Decision Support: Prepare front- and mid-office treasury reporting and decision support for internal stakeholders and relevant external financing, covering forecasts, exposures, hedges, funding, counterparty risk, policy compliance and other key treasury metrics.
• Governance & Compliance: Monitor compliance with Treasury policies, delegated mandates and approved limits, while ensuring strong controls, documentation and clear segregation of duties from confirmation, settlement and accounting activities.
• Trade Finance, Counterparty Risk & Insurance: Monitor counterparty exposures and limits, provide treasury input on guarantees, letters of credit and trade finance exposures, and support the annual insurance renewal process with internal stakeholders and external advisors.
• Stakeholder Collaboration & Continuous Improvement: Partner closely with Finance, Accounting, Tax, Legal, business regions and external financial institutions while driving improvements to treasury processes, systems, reporting and data quality.

The position is based at Elopak’s corporate offices in Oslo, Norway, and reports to the Head of Treasury & Investor Relations. You will collaborate closely with Finance leadership, banks, and internal stakeholders across the organization, gaining broad exposure to treasury operations, financial risk management, and strategic financing activities.

What you bring:

• A Bachelor’s or Master’s degree in finance, economics, business administration, or a related field
• 5+ years of relevant experience from corporate treasury, banking, financial risk management, capital markets, or similar finance roles
• Strong understanding of cash management, cash forecasting, funding, financial exposures and risk management, including foreign exchange, interest rate or commodity hedging
• Experience with exposure analysis and hedge execution, funding, treasury reporting, treasury management systems and market data/reporting tools is an advantage.
• Strong analytical and numerical skills, with the ability to translate complex financial data into clear and actionable insights, recommendations and decision support
• Fluent in English, with excellent verbal and written communication skills
• Legal authorization to work in Norway is required

As Treasury Manager, you will be at the center of Elopak's financial decision-making, helping ensure the company is well positioned to support future growth, manage risk, and maintain financial flexibility in a lean Treasury and Investor Relations function. The role offers close collaboration with senior leadership and broad exposure to financial, operational, and strategic initiatives across the organization in a dynamic, international environment.

Information at a Glance Application deadline: 10/15/26

Karenslyst Alle 53, Oslo, N-0279, Norway

About Elopak

Elopak is a leading global supplier of paper-based packaging solutions, through the brands Pure-Pak®, D-PAK™ and Roll Fed, along with filling machines and services. The company’s iconic Pure-Pak® cartons are made primarily from paperboard sourced from certified and controlled sources, providing a convenient alternative to plastic packaging. Founded in Norway in 1957 and listed on the Oslo Stock Exchange,the companyemploys more than 3,000 people and provides its solutions across more than 70 countries.Elopak has set Science Based Targets to reduce emissions in line with a 1.5-degree trajectoryfor scope 1 and 2, with a net-zero commitment by 2050.

Application Deadline: 10/15/2026