Corporate Trésorerie Middle Office Manager - all genders

Job title: Corporate Trésorerie Middle Office Manager

Location: Neuilly sur Seine (France)

% Remote working: upon Company rules

Job type: Permanent, Full Time

At Opella., we have one shared mission - we work passionately, every day, to "serve healthier, fuller lives" now and for the generations to come. In order to do so, we strive to act as a force for good by integrating sustainability along our business and employees' mission and operate responsibly from both a social and environmental point of view. Everything we do is centered around people's interests - our consumers, our customers, healthcare professionals, and our employees - across the world. We are building loved brands that serve 1bn consumers worldwide, through our key platforms: Allergy, Physical & Mental Wellness, Pain, Digestive Wellness and Cough, Cold & Flu. We aspire to become the best Fast Moving Consumer Health (FMCH) company In & For the world and we aim to build a work environment where people can thrive, grow, enjoy and be at their best.

Within the Finance Department, we are looking for a dedicated and team-oriented new colleague to join the Treasury department we are building for Opella. We manage Opella. exposure to market risk, mainly liquidity, interest rate, foreign exchanged & counterparty risk.

As Opella. Middle office Manager, you will report to Opella. Head of Global Treasury Operations CHC based in France. In that respect, we are very much attached to find a candidate with a strong sense of commitment, towards the tasks, the business, and the team.

Your main responsibilities

• Follow-up of centralized operating Foreign Exchange (FX) exposures (budget & actuals) of ≈100 affiliates in 25 countries & 40 currencies
• Review of centralized financing & investing FX exposures driven by investments, divestments & internal restructurings: capital increases/decreases, dividends, transfers of shares or intangible assets, loans & borrowings
• The MO is in charge of controlling these exposures and transmitting them to FO for external hedging, as well as granting internal hedges to the exposed affiliates, in line with Group policy & procedures. The MO checks that as a result FX positions are balanced:
• Maintenance & control of the FX rates database (budget, trend, booking rates)
• Fair valuation of derivative instruments for accounting purpose
• Analytical review of actual consolidated FX gains & losses as well as net financial
• Financial Instruments Accounting
• Opella. Holding financial instruments (cash investments, financial debt, derivatives) accounting (IFRS, French Gaap & French tax rules)
• This activity covers day-to-day accounting (in the SAP-TRM Treasury Management System auxiliary ledger and through Manual Journal Entries) and month-end closings.
• Documentation of hedging relationships
• Drafting of notes to consolidated financial statements and to Sanofi holding statutory accounts related to financial instruments.
• Manage the Middle office team.

Technical Skills

• FX: Significant past experience on & appetite for foreign exchange issues in a large multinational corporate
• Hedging: Economics, valuation, risk management & settlement of basic
• Operating & investing FX hedging instruments (FX spots, forwards & swaps)
• Financial hedging and pre-hedging instruments (IRS, FX swaps, CCIRS)
• Accounting: Robust IFRS skills on classification, recognition, derecognition, measurement & disclosures of cash investments, financial debt and derivative instruments, including hedge accounting principles
• Systems: SAP-FI, SAP-TRM or other Treasury Management Systems, agility in excel modelling

Soft Skills

• Rigor & reliability (the MO team's performance has a critical impact on Group P&L and cash-flows, viewing the damage that un-hedged FX exposures may rapidly provoke, and on financial statements accuracy & completeness)
• Strong analytical and synthesis capabilities, oral and written
• Commitment: Centralized FX exposures go from Mexico to Australia and often require early and after-hours interventions. Group accounting deadlines require, in particular for quarterly closures, a demanding volume of activity in a limited period of time
• Team working spirit
• Pragmatism and organization skills in order to meet tight deadlines (anticipation & pro-activity)
• Strong interpersonal skills, as interactions are permanent & multiple

About you

• Education: Master's in finance, specialization in technical accounting, treasury or financial markets
• Languages: Fluency in French and English
• At least 5 year-experience in Treasury or in Corporate accounting (Consolidation or technical accounting) in a large Corporate and/or a Big4 (or Big4 like) audit firm

Pursue progress, discover extraordinary

Better is out there. Better medications, better outcomes, better science. But progress doesn't happen without people, people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let's be those people. At Opella., we provide equal opportunities to all regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, or gender identity.