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Cash Management - Executive

SUCCEED.

IN OUR EXPERIENCED TEAM.

INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.

A. Purpose / Role of the job:

  • Bank liasioning 
  • Preparing and uploading documents for letter of credit, bank guarantee, import payments
  • Cash management

B. Responsibilities/ Accountabilities of the job:

  1. Key Result Areas:

Bank related activities:

  • Preparing and uploading documents for Letter of Credit, Bank Guarantee, Import related documents
  • Record keeping of all important documents, including forward contracts
  • Bank liasioning
  • Arrange and submit documents to auditors at the time of audit
  • Ensure bank charges levied as per agreement with banks
  • Ensure interest income, expenses in line with agreed terms, prepare monthly schedules for the same
  • Custom duty, tax, manual payment upload in bank portal and accounting for the same in SAP
  • Pull out from customers’ accounts as per instructions receive

Outcome:

  • Timely receipt of import bills routed from foreign banks
  • Payment to foreign vendors on due date
  • Timely issuance of BG, LC
  • Proper books of accounts

Cash management related activities:

  • Support in cash management
  • Forecast and variance reporting in FIS – Treasury Management tool
  • Investment of idle funds

Outcome:

  • Proper handling of cash
  • Keep idle cash balance at minimum level

D. Dimensions:

Facts

Number or amount in €

Documents for Import Payments

2 Days

Opening Letter of credits, BG

2 Days

Forward contract documentations

As & when entered into

Cash forecasting

Daily, weekly and 4 months rolling

Supervision of staff:  

Direct

Indirect

Total

NIL

NIL

NIL

E. Main contacts /Interfaces:

Who

Frequency of contacts

My role in those contacts [1]

  • Responsible
  • Accountable
  • Consulted
  • Informed

Purpose of contacts

Procurement

As per requirement

R, I

Co-ordination

Sales

As per requirement

R, I

Co-ordination

HR

As per requirement

R I

Co-ordination

Operations

As per requirement

R I

Co-ordination

External:

Banks

Regular

R, I

Co-ordination

[1] R – Responsible for getting tasks done (in terms of practically doing things)

  A – Accountable for the task (approver of costs)

  C – Consulted for the task

   I – Informed about the task

F. Required profile:

Level of education & Knowledge:

  • Master of Business Administration (Finance) / Post graduate in commerce

Experience in general:

  • 3 to 5 years

Technical skills:

  • MS-Office
  • SAP

Competencies, Behavioural skills: (acc. to competency profile and required level of descriptions)

  • Drafting skills
  • Results orientation
  • Customer orientation
  • Reliability & Responsibility
  • Prompt action to handle the any abnormality and critical situation.

G. Performance indicators:

  • Timely import payments
  • Maintaining proper books of accounts
  • Idle funds to keep at minimum level
 

If you require further information please contact Ruchi Sharma.

Of course, your application will be treated confidentially.

Human Resources

ruchi.sharma@styrolution.com 

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