Treasury & Insurance Specialist Operations

AkzoNobel supplies sustainable and innovative paints and coatings that customers, communities, and the environment increasingly rely on. With a world-class portfolio of brands – including Dulux, International, Sikkens, and Interpon – AkzoNobel is active in more than 150 countries and is committed to becoming the global industry leader. The company is dedicated to science-based targets and genuine action to address globally relevant challenges and protect future generations.

Purpose of the job

The Treasury and Insurance Operations Specialist is a challenging position within a successful, professional, dynamic, and innovative corporate function. This role offers an excellent and unique opportunity to broaden your finance skill set by exploring the banking and insurance side of our company. You will become familiar with how AkzoNobel manages its Purchase-to-Pay and Order-to-Cash processes efficiently and effectively between our business and external banks. Training and development will be offered to support a successful assignment.

The Treasury and Insurance Operations team manages the daily operations of Treasury and Insurance, serving as the center where all Treasury activities converge: execution of external and intercompany business payments, validation and settlement of external FX contracts, settlement of intercompany loans, and external guarantees to support local business. With high levels of automation, the focus is on controls, exception handling, continuous improvement, and customer support. The key objective is to sustain efficient, effective, and controlled execution of transactional processes at the lowest cost for both Treasury and Insurance. The challenge is to deliver on this ambition in a dynamic environment, dealing with constant changes in the organization, people, processes, and systems. This requires an adaptive and client-focused attitude, always seeking continuous improvements.

We offer a great opportunity to learn Treasury activities within AkzoNobel and enable you to further develop your Treasury skills in a professional environment with excellent career opportunities, either within the Treasury function or elsewhere within our company.

Key responsibilities

• Execution and monitoring of the automated daily SAP InHouse Bank / Payment Factory operations:
  • Payment runs internal and external towards the banks
  • Payment and bank statement runs, checking and clearing balances/accounts
  • Perform daily bank reconciliations, engaging with bank and business contacts
  • Ascertain and distribute exposure positions to the front office Treasury, while interacting closely with accounting
  • Perform predefined internal control activities
• Treasury and corporate finance support:
  • Confirmation of FX transactions through electronic and manual interfaces
  • Monitor, action, and resolve outstanding deal confirmations, including FX netting
  • Support corporate finance activities in the area of intercompany loans, guarantees, commercial papers, and liquidity funds
• Handling of daily service requests:
  • Maintain and update static data in the Treasury Management System
  • Address issues on banking (payments and collections), acting as a contact for internal stakeholders and bridging with external banks and insurance companies
  • Coach and support internal stakeholders with accessing and using Treasury systems

What you bring

We are looking for a proactive team player with a continuous improvement mentality, strong analytical skills, and the ability to deal effectively with competing priorities in line with preset daily deadlines.

• 2-5 years of back office finance operations experience in corporate companies, insurance companies, or banks
• Finance background and educated at HBO (Bachelor/Higher professional education) level
• Fluent in both oral and written English
• Strong ‘hands-on’ mentality with a “can do” attitude and enthusiasm for the profession
• Knowledge and/or experience with SAP Treasury is preferred

What we offer

• Competitive salary, plus travel and work-from-home expenses
• 13th month salary
• 46 holidays
• 8% vacation allowance
• Hybrid work option (3 days office, 2 days home office per week)
• Training opportunities to help you grow beyond this position