Treasury T

Job Title: Interim Head of Treasury

Contract Duration: 03/08/2026 - 03/08/2027 (This mission starts in August)

Languages Required: (French or Dutch) & English

Work Location: Kortenberg, Belgium (Full-on-site)

Job description

• The Interim Head of Treasury will lead Client’s treasury function, ensuring robust liquidity management, funding execution, treasury risk management, and treasury governance across the group and its subsidiaries. The assignment is expected to last approximately 12 months and will support a smooth handover to a permanent (potentially internal) successor. The role reports directly to the CFO and works closely with Finance leaders across the business units.
• The Interim Head of Treasury will manage a small team composed of a Treasury & Cash Management Analyst (front-office role) and a Treasury Back Office Analyst, and will coordinate with Shared Service Center and local finance teams. The scope of this position focuses on Treasury and Funding, ensuring operational continuity and strong internal controls.

The main areas of responsibilities will include the following (non-exhaustive list):

Liquidity and cash management

• Oversee daily cash positioning and liquidity steering (cash pooling, bank account transfers, intercompany funding) to ensure sufficient liquidity at all times (for Client and ClientGroup corporate activities).
• Drive short- and mid-term cash flow forecasting in close collaboration with controlling and the business units; challenge assumptions and explain variances.
• Contribute to working capital initiatives led by controlling and operations by providing cash insights, forecasting inputs and cash-collection/payment process recommendations; optimize cash concentration mechanisms (cut-off times, bank structures and cash pooling set-up).
• Oversee investment of cash surpluses within approved risk limits (money market funds, term deposits, commercial paper, etc.) and ensure proper counterparty monitoring.

Treasury risk management

• Monitor and manage interest rate and counterparty risks in line with the group’s policy; propose hedging actions when relevant.
• Ensure appropriate approvals and documentation for occasional bank undertakings (if any), in line with internal policies.
• Ensure robust treasury documentation (ISDA/GMRA where applicable), confirmations and deal capture, with appropriate segregation of duties.

Funding execution and bank relationship management

• Manage and execute funding operations (drawdowns/repayments on credit facilities, bilateral loans, intercompany loans) and maintain adequate funding headroom.
• Monitor financial covenants and other facility requirements; coordinate timely reporting to lenders and internal stakeholders.
• Maintain and develop relationships with banks and financial counterparties (KYC, pricing, services, credit lines and cash management solutions).
• Contribute to bank rationalization and negotiation of fees and conditions; ensure service levels and issue resolution.

Systems, reporting and continuous improvement

• Own treasury reporting (net debt, liquidity, cash flow, exposures, investments, facilities) for management and governance bodies.
• Ensure the effective use and integrity of the Treasury Management System (i.e., Kyriba), payment interfaces (e.g., Isabel) and related workflows/controls.
• Lead or contribute to treasury projects such as cash pooling optimization, bank connectivity, process automation, and policy updates.
• Document processes and support knowledge transfer to facilitate the transition to the permanent Head of Treasury.

People management and stakeholder coordination

• Manage, coach and prioritize the work of the Treasury & Cash Management Analyst and the Treasury Back Office Analyst; ensure clear roles, back-ups and development plans.
• Act as the key treasury partner for Finance leaders, controlling, accounting, tax, legal, and business unit management.
• Coordinate with external stakeholders (banks, investment funds, auditors) and represent Client on treasury matters.

Treasury leadership, governance and policies

• Ensure continuity and reliability of treasury operations, controls and reporting across Client and its subsidiaries.
• Review, maintain and enforce treasury policies and procedures (cash management, investments, interest rate risk, guarantees, intercompany financing) in line with group governance.
• Define and monitor key treasury KPIs (liquidity, net debt, funding headroom, working capital and covenant metrics) and escalate risks proactively.
• Lead the treasury function in audits, internal control reviews and compliance topics (KYC, signatory management, payment controls, segregation of duties and payment security).

Your profile

• You have 10+ years of relevant treasury experience, ideally including group treasury, cash management, funding and banking relationship management in a complex/multi-entity environment.
• You have proven experience leading a treasury function and managing a small team, with a strong focus on controls and operational excellence.
• You hold a Master’s degree in Finance, Accounting, Economics, Business Engineering or a related field (treasury certification is a plus).
• You have solid knowledge of liquidity management, cash pooling, debt instruments and bank facilities, and a good understanding of treasury risk management (interest rate and counterparty).
• You are hands-on, pragmatic and comfortable operating both strategically and operationally in an interim set-up.
• You have excellent analytical skills, strong attention to detail, and the ability to translate complex topics into clear recommendations.
• You have strong communication and stakeholder management skills, including negotiation capabilities with banks and external counterparties.
• You are proficient in MS Office (especially Excel) and have experience with treasury management systems (experience within Kyriba is a pre-requisite) and payment tools (e.g., Isabel).
• You are fluent in English and French or Dutch.

Skills

• Cash pooling
• Isabel
• Kyriba
• Liquidity management
• Treasury risk management