Assistant Finance Manager – Treasury Services

Location
Europe
Salary
Competitive
Posted
18 Oct 2017
Closes
17 Nov 2017
Qualification Level
Fully qualified

Assistant Finance Manager – Treasury Services

Location: Europe

Salary: Competitive

 

From putting music on the move to bringing high definition home, Sony has been changing the way we live for decades. And it continues to this day.  In this ever-evolving world, Sony is creating pioneering technology that changes everything from the way we experience sports broadcasting to helping doctors carry our complicated procedures accurately.

Sony Global Treasury Services Plc, supports such endeavours, through facilitating business development and sales operations on a global scale by meeting their funding needs, and through mitigating financial risks. Here, you will gain hands on experience and accumulate diverse knowledge in the areas of treasury and financial planning and risk management.

Sony Global Treasury Service in itself is a unique business, where as an in-house bank we function as an internal hub for providing payment, funding, forex hedging service to our group businesses, and communicating directly with banks in pursuit of optimal financial solutions to meet businesses’ needs.  The job here is dynamic, with large amount of funds in multi currencies moving daily between businesses and banks, optimal for candidates seeking experience in both businesses and financial markets.  Interaction with other Sony Global Treasury Services centres in US, Singapore, China, and with Tokyo’s finance team happens on daily basis, giving you a truly global finance experience. You will also be interacting with banks to gain insights of the latest trend in capital markets to plan tailor made solutions for a diverse business needs.

Job Purpose

Bring your advanced accounting knowledge to Sony and we’ll help you to accelerate your career in a complex, exciting environment where business never stands still.

This influential role will expose you to many different elements of Sony’s business.  You will have a team leader role for day to day, monthly and annual treasury and finance operations in the UK Planning team and you will provide operational guidance to your team members.  You will also help in the facilitation of financial areas such as FX, re-invoicing, liquidity, cash management, credit control and country risk for our Sister Companies.  You will ensure compliance with Sony group rules and local regulations.  You will coordinate and support Sony Corp HQ Finance and SGTS Branches with financial issues as well as collecting information and producing reports to European Management and Sony Corp HQ Finance.  You will also be involved in projects related to your role and will be expected to take the initiative in implementing the process/systems in a timely manner.       

Part of a small and efficient team of around 4 members and 2 leaders, we work closely with our colleagues in other teams (Accounting, and Back Office) in the same office. We serve to internal customers (businesses) in Europe, CIS countries, Turkey. Our team is also responsible for reporting to Head Quarters Finance team in Tokyo for regular/adhoc finance government matters.

Key Responsibilities & Scope for Decision Making

  • Your task includes:
    1. Funding Arrangement for Businesses
      1. Provide internal lending facility to meet business needs after assessing funding needs and seasonality of businesses
      2. Arrange loan facilities from banks in countries where in-house hedging service is not available
    2. Global Cash Management Planning
      1. Cash Flow management for European businesses, through collection and analysis of forecasts from businesses to be used for group-wide funding planning
      2. Maintaining the settlement parameters for in-house systems to ensure smooth settlement of funds between group businesses and third party business partners.
    3. Forex Hedging Planning
      1. Execute multi currencies hedging request from businesses through detailed analysis of commercial flows, report aggregate hedge position for the treasury team to hedge with banks
      2. Plan and implement foreign currency hedging mechanism in countries with currency restrictions.
    4. Assessing Businesses’ Finance Risks
      1. Review business requests/decision on payment/collection terms in transactions between third party business partners
      2. Analyse investment opportunities and risks requiring financing scheme (lease, loan, guarantees)
      3. Regular analysis of financial statement of businesses
    5. Dividend Planning
      1. Request and arrange dividends from European group companies to Sony’s intermediary holding company
      2. Financial Planning, including forex risk management, of the intermediary holding company
    6. IT System Management
      1. Coordinate with businesses and IT department for maintaining the in-house platform through resource allocation planning, by analysing the request from businesses and other regional finance branches.
      2. Participate in system related projects affecting cash management and forex system.

Qualifications & Experience

A financial professional with experience in corporate finance and treasury (e.g. cash management, FX hedging, fund raising),  credit risk analysis and accounting, you’ll bring us in-depth understanding of corporate finance and treasury and derivative products, operations and controls plus excellent knowledge of financial accounting, financial reporting, governance and management accounting. You'll need sound experience in Microsoft Office (Word, Excel and PowerPoint) as well as SAP.

Sony is fast-paced. You’ll work closely with a team in Tokyo, so it’s vital you can hit deadlines and work under pressure. If you’ve been exposed to different currencies, great – but provided you’re driven, detail conscious and able to learn quickly, you’ll find the team around you are very supportive.

Key Performance Indicators

 
Timely execution of the allocated tasks.
Accurate and efficient execution of the allocated tasks in time for the deadline.
Meet the requirement of HQ Finance, SGTS Branches and GTS Customers.

Achievement of objectives of each project.