SPS Credit & Treasury Manager

2019-05-23T19:06:02.143

Key information

Finance and management
Support functions
Professional, Engineer & Manager
1500 glenn curtiss st. ca - 90746 carson , California, UNITED STATES
Regular Full time, Full-time
Bachelor's Degree
More than 8 years
2019-74223

Job description

Safran is an international high-technology group, operating in the aircraft propulsion and equipment, space and defense markets. Safran has a global presence, with more than 58,000 employees and sales of 16.5 billion euros in 2017. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. Safran is listed on the Euronext Paris stock exchange, and is part of the CAC 40 and Euro Stoxx 50 indices.
In February 2018, Safran took control of Zodiac Aerospace, significantly expanding its aircraft equipment activities. Zodiac Aerospace has 32,500 employees and generated sales of 5.1 billion euros for its fiscal year ended August 31, 2017

Safran is ranked among the Top 100 Global Innovators by Thomson Reuters and is featured on the "Happy at work" rankings. The Group places fourth on the Universum ranking for the favorite companies of newly-qualified engineers in France.

Safran Passenger Solution (SPS) is a tier 1 entity combining different business around 4 activities: Connected Cabin, Air Management, and Custom Cabin and Water & Waste systems

This position will be reporting to SPS CFO and will mainly consist of Managing Treasury department with responsibilities for cash and treasury operations as well as payments. Monitors compliance with Treasury department goals. Assesses the products, services, technologies and systems that are available and appropriate for Treasury departments. Supports treasury and cash management operations and helps develop strategies to maximize efficiencies, safeguard assets and minimize costs.

1. Cash Management

a. Monitor month cash flow and take part in monthly cash call with the business units
i. Including short terms forecast for next 3 month (using direct approach)
ii. Long term forecast for budget and medium term plan
b. Managing monthly / weekly cash report (actuals, forecast, budget) by analysis variances
c. Consolidate net financial position for SPS every month
d. Support all business unit for their reporting cash issues but also their daily
e. Manage cash pooling and inter-company loans with Business units
f. Maintain right level of expertise on funding method for SPS business Unit
g. Manage factoring operation
h. Ensure all group procedure regarding cash management are fully deployed in all business unit
i. Manage bank relation for SPS

2. Credit Management / customer risks management

a. Define customer risk policy for SPS in coordination with Safran HQ credit management team, and then deploy it across the branch and ensure it is properly executed
b. Review financial strength of future key partners and evaluate the risks
c. Approve new customers
d. Be the guardian of customer aging follow up by
i. Set up credit limit and follow up outstanding balance
ii. Define and animate cash collection process within SPS with analysis and follow up of overdue invoices
iii. Monitor cash collection forecast

Job requirements

Qualification Requirements

Knowledge and Skills

1. Should possess sound knowledge of treasury management credit management and trade finance with at least 8 years of experience. First experience in an international company in one of this area is required
2. Must have ability to analyze financial data and prepare financial reports.
3. Must have strong proficiency with MS Excel (i.e. V-Look Ups and Pivot Tables).
4. Must be able to function as part of a team

Education and Experience
Requires a Bachelor's degree in Finance, Economics or another related field. CFA and/or CTP are a strong plus. Seven to ten plus years of experience in treasury, finance, FP&A, capital markets or related area preferred.

Complementary description


3. Trade finance

a. Be the Branch referent for the group for all related trade finance topics
b. Work closely with sales, legal and purchasing team on all financial related topics for tender and contracts
c. Manage credit documentary and bank guarantees
d. Manage in collaboration with group trade finance team, export control process for SPS Business unit and approve banking process for sensitive country
e. Report and follow up with business unit on off balance sheet items

4. Other functions
a. Develop and run strong internal controls and policies

Company information

Safran SA

Safran is an international high-technology group, operating in the aircraft propulsion and equipment, space and defense markets. Safran has a global presence, with more than 92,000 employees and sales of 21 billion euros in 2018. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. Safran undertakes Research & Development programs to meet fast-changing market requirements, with total R&D expenditures of around 1.5 billion euros in 2018.

Safran is ranked among the Top 100 Global Innovators by Thomson Reuters and is featured on the "Happy at work" rankings. The Group places fourth on the Universum ranking for the favorite companies of newly-qualified engineers in France.

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