Treasury Responsible

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The job holder is responsible for the finance/treasury tasks for Covestro in Mexico. She/He ensures that the companies’ funding, financial planning and financial risk management (e.g. liquidity, foreign exchange (FX), counterparty) are properly managed for securing business operatins while minimizing costs within the established Covestro-internal finance regulations, country specific regulations and FI&I-Financial Legal Entity Management (FLEM) guidance. The job holder supervises all incoming and outgoing fund activities and financial planning.

Major tasks and responsibilities

The job holder executes and coordinates all finance/treasury activities of the country organization towards management, corporate and business functions as well as external partners.

The major tasks and responsibilities include:
I. Financing:
1) Plan financial cashflows and exposures
- identify financial risk exposure from foreign exchange by preparing financial short term and rolling long term cash flow planning.
- Support business segments with respect to credit risk, working capital management, leasing evaluation, securitization/collateralization of payments, group internal payment flows, and treasury related contract clauses, following local Accounting guidelines and HQ compliance.

2) Manage company funding
- Ensure company funding required for daily operations as well as investments.
- Operate all funding activities in line with HQ-agreed principles, managing local bank relationship and banking business, local management of in-house-banking activities.

3) Cash Management
- Operation and follow up incoming and outgoing cash flows as well as related Cash Management tasks in close coordination with Finance Headquarter.
- Ensure compliant reporting of account balances, investments and financial exchange transactions in Covestro treasury system.

4) Represent the company with commercial banks
- Maintain good relationships with banks in line with the ‘Core Bank’ concept
- Support negotiations in line with contractual templates and best practices from Corporate Treasury local banking conditions and surveillance of related charges and support to monitor counterparty risk

5) Observe Finance HQ regulations in regards to foreign exchange

6) Advise Financial Legal Entity Management in HQ on company capitalization in line with local tax authorities' thin capitalization regulations, capital structure strategy and propose and support preparation of according plans (dividends, capital reductions/increases, share buy-back etc.).

7) Regulatory Compliance & Reporting, coordination of financial regulatory compliance activities, ensuring adherence to local Mexican regulations and tax requirements. Support anti-money laundering documentation requirements including bank KYC processes. Maintain relationships with regulatory authorities and coordinate internal and external audits, ensuring proper documentation and timely responses to findings. Monitor regulatory changes and adjust processes accordingly

8) Execute and document Internal Control System (ICS) requirements for treasury and financial processes. Maintain control documentation, perform self-assessments, and implement required control measures. Support ICS Manager with process improvements and remediation actions as needed.

II. Insurances:
1) Coordinate local insurance brokers/companies in connection with Industrial All Risks, Public/Product Liability Insurance, Transport/Warehouse Insurance, Construction All Risks.

2) Manage data and analysis requirements for local insurances which need to be separately handled from global coverage.

3) Manage insurance claims and recovery processes

Value added to the success of the company
- Support and implement overall group strategy into financial matters and local company funding
- Optimize cost of capital by managing the company's debt and equity structure in line with global strategic direction
- Support to minimize FX risk and counterparties’ risk through effective and efficient risk mitigating measures.
- Provide recommendations to strategically enhance financial performance and business opportunities on both local and global level
- Ensure that effective internal controls are in place and ensure compliance with global guidelines and local regulatory laws & rules for financial activities

Work relations

Internal:
1) FLEM headquarter regional coordinator

2) Head of FLEM / Head of Entity Accounting & Tax

3) Local peers within the country administration

4) Global peers in Finance and within other corporate functions

5) Head of country business segments, production sites/branches, Supply Chain Management, HR

External:
1) Representatives of local foreign exchange control a