TCM Senior Cash Management Specialist

Key Responsibilities:

• Has the operational oversight to provide services at expected levels with a clear customer focus, including handling the exceptions
• Provides functional guidance from TCM Cash Management perspective for business transactions. Interacts proactively within NGSC and Divisions to ensure accurate cash forecasting and liquidity position
• Leads collaboration with key stakeholders, including senior level cross-Novartis entities business colleagues and Novartis local entity/group financial reporting and accounting
• Serves as a Subject Matter Expert (SME) for related policies and processes, supports productivity objectives and continuous improvement, process changes and leading practices to have an efficient and effective process
• Drives and monitors improvements to sustain a highly effective and efficient TCM Cash Management process, and realizes cost reduction opportunities including areas to harmonize and standardize processes
• Drives initiatives to improve accuracy of the short-term cash forecast.
• Continuous and close monitoring of closing balances, statements, limits, overdrafts facilities.
• Timely performance of Novartis internal controls relevant to Cash Management and Bank Reconciliation
• Establish an effective forecasting data collection process and control mechanisms.
• Assist internal customers to understand all benefits of an optimized cash management operation
• Coordinate with stakeholders, ongoing analysis of requirements and design of appropriate Cash Management structures and Banking landscape
• Manage, review and control the daily forecasting process in coordination with the relevant stakeholders in NGSC and in countries.
• Review and controls bank/IHB charges, fees and conditions on a periodic basis.
• Manage and ensure quality of TCM master data maintenance
• Support bank account life cycle, systems (e-banking, ERP, TMS), approval workflow and related cash management guidelines in coordination with Group Treasury.
• Actively seeking innovation, embracing and deploying new technologies and unceasingly aiming for automation and simplicity
• Proactively challenge the status quo and comes up with making fact-based recommendations to drive continuous improvement
• Promote a strong and controlled environment, follow up on audit issues and support the implementation of correcting measures
• Actively support the NGSC working style by being inclusive, proactive, respectful, and results driven in alignment with Novartis values and behaviors

Key Performance Indicators:

• Delivery of effective and efficient accuracy on daily Cash Forecast analysis and execution
• Leadership and ongoing motivation to Cash Management Team
• Ensure coordination with In-House Bank, Group Treasury and Payments Team to comply with forecasting and liquidity targets
• Ensure bank reconciliations and books closing timely, controlled and guidelines compliant
• Professional and positive attitude towards change and continuous improvement
• Customer satisfaction of service delivery and process specific KPIs

Ideal Bakground:

Education:
 

• University level degree in Business Administration/ Economics/Finance or IT related fields

Languages:                                

• Fluent in English both written and spoken, excellent communication skills
• Other languages are a plus

Experience:                          

• 3+ years of relevant experience, with good functional exposure to Treasury and Cash Management processes. Accounting and reporting experience is a plus
• In-depth knowledge of Treasury processes and system solutions.
• SAP knowledge: experience with SAP FI and Business Warehouse.
• Conceptual thinking and ability to align specific functional requirements with the overall Treasury & Cash Management strategy
• Demonstrated ability to work effectively in a multi-national organization
• Previous experience within financial shared service centers desirable
• Previous experience working in projects to drive performance improvements (e.g. ERP implementation) is a plus
• Detail oriented, professional attitude, reliable and team player