Treasury Analyst

  • Company: LVMH Inc.
  • Country / Region : United States
  • Business group: Other activities (hospitality, media, etc.)
  • Contract type: Temporary Job
  • Function: Finance
  • Experience required: Minimum 5 years
  • Reference No.: LVMH01192
  • Date of publication: 2020.09.22

Position

 

      

Job Title: Treasury Analyst
Company: LVMH Moët Hennessy Louis Vuitton Inc.
Location: 19 East 57th Street

 

            

ESSENTIAL DUTIES AND JOB RESPONSIBILITIES

CASH MANAGEMENT:

  • Set the company's daily cash position ensuring adequate liquidity
  • Post daily transactions and reconciliation (utilizing treasury management tools)
  • Follow up affiliate forecast of daily cash requirements.
  • Work with manager to analyze affiliate's quarterly cash flow forecasting.
  • Set internal borrowing and investing decisions. (LVMH Finance Belgique)
  • Follow-up of all cash movements related to the Investment Funds. Prepare journal entry and analysis for monthly report to Head-Quarters drafted by Controller
  • Prepare report of affiliate cash positions in the US and Canada
  • Run report on affiliate positions by bank - monitor balances outside the pooling
  • Assist in review of affiliate bank accounts and services
  • Monitor Commercial Paper and SWAP activity: maintain tracking through Diapason (internal system) analysis, and issue reports

PORTAL MAINTENANCE:

  • Act as an expert advisor on banking issues for the Affiliates.
  • Work with manager to negotiate and monitor bank service fees and pricing
  • Maintain bank signatories and manage requests for opening/closing bank accounts as necessary, for 23 US Holdings entities
  • US System administrator - Sapphire (Internal group payments system)
  • Administrate the Bank Systems (Deutsche Bank, JP Morgan, Citibank, Bank of America) - for LVMH Inc. and all affiliates

CLOSING AND REPORTING:

  • Review monthly interest expense and accruals.
  • Oversee accounting entries for bank general ledger upload, journal entry differences and troubleshoot issues.
  • Develop financial income and expense budgets, is responsible for monthly cash flow reporting (Syrus actual and forecast - 23 holding companies)
  • Prepare variance analysis actual vs budget of financial income & expenses, and update as needed budget assumptions (in collaboration with accounting)
  • Review of cash closing via utilization of treasury systems - generate all intercompany interest, all treasury journal entries, new CP and swap interest posting process.

PROJECTS:

  • May participate in various merchant services payment projects
  • Continually evaluate the use of Treasury technology - Odyssee, Sapphire, Syrus and seek ways to further utilize it
  • Lead or participate in special projects (ie FX, analysis of merchant fees etc.)

MISCELLEANOUS:

  • Calculate lease guarantee commissions, oversee corresponding back up for invoices
  • Oversee the calculation of Letter of Credit fees and interest invoices on both external and internal lines and authorize for payment
  • Oversee administration of pension contributions

 

 

 


Profile

PRINCIPAL SKILLS, KNOWLEDGE, AND PERSONAL ATTRIBUTES REQUIRED:

  • Education: Bachelor degree or the equivalent college degree 
  • CPA is a strong +
  • Extensive knowledge of Excel. Familiarity with SAP a +
  • Treasury Experience: 5 to 8 years - experience in Finance: treasury or accounting

COMPETENCIES REQUIRED:

  • Good knowledge of accounting entries
  • Strong analytical skills
  • Good understanding of ERPs, at ease with technology. Ability to learn & use various softwares
  • Strong communication skills, verbal and written - the position requires efficient communication with multiple stake-holders: banks, affiliate, Treasury teams in Head-Quarters, consultants, etc.
  • Ability to perform with minimum supervision
  • At ease in a fast pace environment

REPORTS TO: VP, Treasury & Risk Management

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