Job Title: Treasury Manager
Office Location: Limassol (hybrid role)
Reports to: Group Controller
Territory: Global
About STOLI GROUP
Stoli Group has an incredible portfolio of brands, including our premium vodka Stoli & an amazing stable of ultra-premium wine, spirit & non-alcoholic brands. The ultra-premium category is the fastest growing & most dynamic part of the beverage alcohol market. Stoli Group is looking to reshape the market landscape by becoming the acknowledged global leader in extraordinary adult beverages.
Established in the late 1990’s Stoli Group is headquartered in Luxembourg and has manufacturing facilities & wineries in Latvia, Mexico, Argentina, Spain, Tuscany, Provence, Scotland & the USA and sells its Brands in over 170 countries globally.
POSITION SUMMARY:
Group treasury manager is responsible mainly for the treasury function, dealing with the banking relationships, loan agreements, cashflow forecasts, daily cashflow, compliance with bank agreements covenants, and monthly forecast and reporting of cash collections and disbursements.
Key Responsibilities
- Prepare cashflow forecast for group and the entities of the group;
- Develop Group Cash forecast models. Update models based on changing in business requirements;
- Ensure robust cash management in place to significantly improve liquidity;
- Manage banking relationships;
- Support the identification of appropriate financing requirements for the Group business;
- Control and optimize interest costs across the Group;
- Support all banking activities, including bank accounts management;
- Ensure compliance with all banking arrangements & covenants;
- Support team for audit, field exams and inventory valuation;
- Control and management of insurance for all entities of the group;
- Implement hedging approach across the Group to manage currency volatility at an appropriate cost
Key Deliverables
- Provide daily reporting regarding group cash positioning & provide monthly cash reporting to the management;
- Management of refinancing projects with the Group banks;
- Optimisation of forex positions;
- Manage financing for growth projects;
- Ensure compliance with bank covenants;
- Prepare and submit monthly/quarterly/annual financial reporting packages (PL, BS, CF) to the banks;
- Manage the lines of credits with the banks.
Qualifications
- Bachelor's degree or higher in Finance or Economics;
- 10-15 years of relevant experience in Corporate Finance or Banks;
- Fluent English
- Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.)
- Detail-oriented and analytical
- Strong negotiation skills
Industry
Wine & Spirits
Employment Type
Full-time
Disclaimer: Stoli Group is an equal opportunity employer that values workforce diversity. By embedding diversity into all aspects of our culture, we maximize the opportunity to achieve sustainable business success. The duties and responsibilities described in the role profile might not be a comprehensive list.
