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Director Treasury

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Date: Feb 20, 2021

Location: Genève, GE, CH

Company: Bunge

Bunge (NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis, Missouri and has 25,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.

 

We are hiring for a newly created position as our Director Treasury. In this role you will be an integral part of the Global Bunge Treasury team, responsible to make key decisions related to intercompany financing arrangements and currency risk management. The position will contribute to development and optimization of Treasury and Financing strategy of the group.


Purpose of the role

 

The Director Treasury, based in Geneva, Switzerland, is responsible for management of the intercompany financing as well as control of the relevant risks. Other responsibilities include analysing and designing the capital structure of various Bunge subsidiaries taking into account tax implications, currency and sovereign risk. The role requires measurement and management of what is a highly complex and diverse currency risk profile of Bunge’s business units within the policy guidelines.

Our new Director must have the ability to connect a multitude of factors including economic, commercial, risk, accounting, legal and tax to arrive at the most balanced solution from a

capital structure standpoint. Solid understanding of the commercial drivers across the countries and businesses, strong working relationships with the commercial organization and a market oriented mindset are essential qualities of a successful candidate in the role.

 

Main Accountabilities

 

  • Develop and implement proposals to optimize the capital structure of Bunge subsidiaries via intercompany funding, dividend plan, capital contributions, intercompany payment terms, netting balances giving due consideration to profitability/cash flow forecast; tax, sovereign and currency risk aspects.
  • Manage all strategic decisions related to intercompany loans issuance as well as group financing policies around risk management for internal financing - approve new intercompany loans based on cash flow forecasting and credit rating analysis for relevant entities.
  • FX responsibilities will focus on FX aspects of the global affiliate finance portfolio and regional Europe FX
  • FX aspects of the global affiliate finance portfolio
  • For regional FX activities, partner with Bunge’s business units in order to identify foreign exchange risk, including transactional, translational and economic exposures, arising in existing operations and/or expansion initiatives. Review FX exposure measurement and reporting practices across various countries in the region and proactively lead automation and process improvement where possible
  • Help develop appropriate policies and procedures to ensure FX risk is captured and managed in accordance with the risk tolerance of management. Monitor the effectiveness of Bunge’s FX risk management programs on an ongoing basis, and communicate results to senior management
  • Support capital markets team in monitoring operating cash flows, partnering with the business to optimize working capital and adhere to Treasury policies
  • Ensure ongoing compliance to and maintenance of Financial Policy
  • Oversee tracking of data related to financial flows and ratios that are key to the business (i.e. maturity, debt ratio, loan receivables, commercial hedging)
  • Participate in regular treasury meetings in annual planning/other meetings, other ad-hoc meetings with treasurers
  • Provide treasury voice and leadership to support the business. Activities to include business development initiatives, financial analysis, participating in risk and forecast meetings, etc.
     

What are we looking for


We are looking for a minimum of 10-12 years relevant treasury experience within multinational company. Someone with excellent communication skills and who is highly structured. As a person you bring the right combination between high level and detailed focus. On top of that you possess good negotiation and influencing skills.

 

Skills and background

 

• University degree in Finance, Economics; MBA in Finance is preferred

• Relevant experience in a treasury in-house or banking role

• Thorough knowledge of financial markets with special emphasis on foreign exchange and emerging market issues

• Knowledge of diverse hedging instruments and practices, FX strategy and risk models, and risk management frameworks

• Applying accounting principles, including hedge accounting, to FX decision making

• Knowledge of corporate finance theory and taxation

• Top-tier financial modeling capabilities including derivatives valuation

• Strong work ethic, well-organized, self-starter

• Ability to operate in an ambiguous, fast-paced, multi-cultural work environment; to interpret a variety of instructions; solve practical problems and deal with a variety of variables and situations where only limited standardization and structure exists

• Attention to detail; self-imposed aversion for errors

• Curiosity and interest in understanding the business and helping it succeed

• Strong written and oral communication skills; be able to clearly communicate complex financial information in an easy to understand manner

• Able to manage different stakeholders and navigate different cultural environments

• Decisive and resilient while remaining flexible towards changing situations

• Fluent English, French is a preference

 

Interested

 

For more information, you can reach out to Rob Mak (Talent Acquisition Manager at rob.mak@bunge.com).

 

Are you interested in the role? We would like to receive your formal application.

 

 

 

 Agencies are not appreciated at this moment.


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