Treasury Senior Cash Flow Specialist

Job Title: Treasury Senior Cash Flow Specialist

Contract: permanent

Location: Budapest

About us

Diageo is the world's leading premium drinks company with an outstanding collection of brands, such as Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray and Guinness. Our purpose -Celebrating life, every day, everywhere-has an important role in our company, for our people, our diversity, our brands, in how we perform and how we create shared value.

About you

Diageo Treasury is one of the largest Group Treasury functions in Hungary with global oversight in financial risk management for the Diageo Group.

Diageo in-market cash level is around $1bn globally, held with circa 100 banks on approximately 800 bank accounts.

Group Treasury oversees the efficient management of circa $26bn gross cash-flow on a monthly basis. This is achieved via best-in-class cash management structures like cash pooling, intercompany loans and deposits.

About the role

• The Cash Flow Specialist is in contact with multiple markets and subsidiaries in our regions (Africa, APAC, Europe, LAC & NAM)
• Group cash management impacts fully owned subsidiaries, JVs, Associates, SAP and non-SAP companies as well.
• Optimal cash management involves efficient coordination of payables, collections, payroll, tax, cross border cash transfers and cash balance transparency
• Weekly cash forecasts and monthly cash analytics (SAP, BFC)
• Monitor global bank account balances, drive compliance where needed
• Drive improvements in processes to enhance accuracy and efficiency
• Stakeholder management to resolve issues

The Cash Flow Specialist provides regular analytics on Group cash balance and liquidity positions. Understands drivers behind cash movements and projects, is able to propose ways to improve accuracy and efficiency of forecasts. They will work with markets to manage cash balances within agreed bank credit limits. They support Global Cash and Banking Manager with various activities and projects as required. This is achieved via robust analytics and excellent partner management with:

• Treasury traders and operational teams
• Regional Treasury
• E2E Commercial, Source-To-Pay and Bank Operations
• Diageo in-market finance teams
• Diageo Relationship banks
• System providers

The role contributes to Diageo cash agenda with regular and accurate forecast of Group cash position and cash-flow. The Specialist drives improvements in cash management efficiency and contributes to delivering cash efficiency projects. Reviews structures for the regions and suggests opportunities to increase cash visibility, simplify bank account structure and reduce in market cash.

What you'll bring

• Recognised qualification in economic or financial studies
• Results oriented, strong drive and urgency
• Able to work on multiple tasks to tight deadlines concurrently
• Excellent business English
• Control mindset and risk awareness
• Strong SAP and MS Excel knowledge (macro-programming is an advantage)
• At least 1 year experience with Diageo or in cash management
• Understanding Diageo group structure and business unit interactions
• Strong stakeholder management and influencing skills
• Experience with implementing change or project management
• Experience with banking, cash forecasting and shared service processes is an advantage

Benefits

• Unique Family Leave opportunity
• We work without border - you will work with people from all over the world
• You will deal with world class brand portfolio
• Wide variety of thematic events, after work activities organized by employee communities
• Product Allowance to purchase company products from the staff shop
• We won the Fittest Workplace Award, of course we have a Gym
• Urban legend is true, we do have a Rooftop Bar

Flexibility

This is key to success in our business and many of our staff work flexibly in many different ways, including part-time and compressed hours. Please talk to us about what flexibility means to you and don't let anything stop you from applying!

Diversity statement

Celebrating our inclusive and diverse culture is core to Diageo's purpose of "celebrating life every day everywhere". This purpose is, in itself, inclusive in nature, as it values everybody irrespective of background, disability, religion, gender identity, sexuality or ethnicity.

We know that for our business to thrive and for Diageo to realize its ambition, we depend on having diverse talent with a range of backgrounds, skills and capabilities in each of the 180 countries in which we operate and to reflect our broad consumer base. We view diversity as one of the key enablers that helps our business to grow and our values, purpose and standards set the conditions for us to respect the unique contribution each person brings!