Finance Cash Management Team Lead in Bucharest

With over 25 years of experience on the Romanian HR market, PROHUMAN APT (former APT Resources & Services) is the one of the biggest players in the industry, a force concentration evenly deployed across different specialties. Having approximate 4000 employees (mostly higher educated) in BPO and temporary work assignments, as of 2021, PROHUMAN APT ranks in the Top 3 HR providers in Romania.

Education and Experience

- University degree or equivalent
- Professional accountancy qualification (e.g., ACA, CIMA, ACCA)
- Previous experience in financial and accounting environment, including cash management and banking
- Proficient in back office Treasury, Payments and Cash Management systems
- Proficient with Microsoft Office Excel (Required); Experience with Word, PowerPoint, and Access (Preferred)



Preferred Criteria

Experience with SAP Asset Management, Projects Systems and Winshuttle
Experience working in a shared services, process driven or service center environment
Strong understanding of accounting principles and US GAAP
Expertise in Record to Report function, including best practices, technologies, processes, procedures and tools
Training and certification in Six Sigma or LEAN
Experience working for a multinational organization and working with colleagues internationally



Competencies

Seeks out and understands the needs of internal and external customers and creates win-win solutions to drive the business forward
Understands the Kellogg business (vision, purpose, strategy, metrics, etc.) and leverages this knowledge to win with consumers, customers and shoppers
Intellectually curious about the external environment, key competitors and market trends; applies these insights to their work
Thinks strategically; takes a balanced short and long-term view when solving problems; utilizes information from a wide variety of sources
Responds positively to change and energizes others to embrace change; recognizes and unleashes great ideas of others and helps move the ideas forward
Sees patterns and connections across data and trends
Synthesizes information to reach effective solutions
Makes timely decisions, balancing effectiveness with efficiency
Acts with a sense of urgency and determination with the end result in mind; drives sustainable results
Acts as an owner of the business and is accountable for results
Understands and seeks out knowledge of the business; applies this knowledge to drive excellent results
Motivates self to learn, grow and achieve
Listens and communicates effectively; encourages others to share their views, seeking out diversity of thought

The Team Lead, Cash Management, is responsible for performing a diverse set of work activities included in the end-to-end Record to Report (RTR) process for the Kellogg's organization. In support of the Global Business Services strategic objectives, the Cash Management Team Lead:

- Ensure the integrity of back office treasury activity through balance sheet rigor and compliance to Kellogg's Accounting Policy and Treasury Service Level Agreements (SLAs)
- Manage the relationship and SLA for Kellogg Europe with the current banking partners
- Ensures a strong internal controls environment and minimization of risk
- Consistently challenge processes and identify continuous improvement opportunities to enhance treasury back office and payment processes, utilizing the latest technology.
- Support Treasury in Cash Forecasting
- Create a seamless and satisfying internal and external customer experience for all interactions with the Kellogg Center RTR team
- Consistently meet compliance measures and achieve service level agreements
- Achieve and sustain best practices in effectiveness, quality service and efficiency within a strong internal control framework
- Maintain a mindset of continuous improvement aimed at constantly challenging the norm and being innovative
- Contribute to a team environment that is focused on high performance and operational excellence

Responsibilities:

The RTR Team Lead may perform some or all of the work activities below:

Customers and Operations

Meet service levels outlined in Service Level Agreements (SLAs) and work with the business process outsourcing (BPO) provider to ensure that Key Performance Indicators (KPIs) are delivered seamlessly



Treasury and Banking Relationship Management

Act as a key point of contact between the KEU GBS Service Centre and banking providers to facilitate enhancements to current processes using new technology available
Build up relationships with key contacts at the banking provider for the centre
Facilitate the link between treasury strategy for European Cash Management and the GBS strategy for creating the future
Ensure strategies are aligned to ensure resource is available to implement and deliver process improvements
Monitor maintenance of strong relationships among GBS teams to facilitate efficient and effective banking processes
Build strategic alliances with external professionals and maintain understanding of current industry best practices



Cash Management

Ensure cash management team deliver key responsibilities in an accurate and timely manner, including processing treasury, allocating bank transaction, reconciling banks, FX revaluations, and delivering key metrics and targets
Monitor compliance of team members with both internal and external audit and corporate policy requirements as well as from a corporate and statutory perspective (where differences in treatment exist)
Be responsible for ensuring the integrity and underlying accuracy of the banks and suspense entries on an ongoing basis through review of ERA account reconciliations, risks and opportunities and metrics; ensure that reconciliations are produced to the required standards



Treasury Back Office

Responsible for overall direction, coordination and leadership of the treasury back office.
Ensure team provides excellent customer service to front office customers by executing process in line with current objectives and deadlines for processing treasury deals; also proactively manage the SLAs
Identify opportunities to enhance the current back office process using the advanced functionality in the new treasury management system
Take the TMS into the transactional environment to identify opportunities to use the new system to enhance Straight through processing for Accounts Payable and Receivable



Risk & Control

Own S404 for Cash & Payments, working with GBS Associates and Treasury to ensure that the process is accurately mapped and detailed
Ensure all Section 404 processes, templates, checklists and test scripts are up to date and tested in accordance with PWC deadlines; also confirm all remediation and SAD points are actioned within appropriate timelines
Manage the resolution of Compliance issues, ensuring any identified control weaknesses are efficiently remediated
Key point of contact for Internal and external audit
Ensure consistent application and adherence of all Kellogg RTR policies, including GAAP, SOX, corporate tax structure (i.e., ROUPEE), and audit requirements as well as adhere to agreed Service Level Agreements (SLAs)



Capability-Building and Innovation

Build individual skills and capabilities through learning opportunities such as training courses and on-the-job training; strive to be a process champion or expert for the end-to-end RTR process
Contribute to the overall learning of the RTR Team through sharing of best work practices and peer-to-peer coaching
Support continuous improvement initiatives and identify opportunities to make the processes more effective; may also need to assist with ad hoc projects
Represent the teams as banking expert; use knowledge and experience to advise on and influence future decisions that may affect Cash, Back office treasury and PTP processes