Group Treasury Director Milano

Group Treasury Director
Milano
Lombardia, Milano

YOOX NET-A-PORTER GROUP is a primary player in online luxury and fashion that comprises a complete luxury retail ecosystem.

The Group sells directly to customers globally through its own family of multi-brand online shops NET-A-PORTER, MR PORTER, YOOX and THE OUTNET.

The Group's Online Flagship Stores Division partners with many leading luxury brands to power their own e-commerce destinations.

The Group has 4 million high-spending active customers globally.

As pioneers in bringing together the realms of technology and luxury, YOOX NET-A-PORTER satisfies the most discerning clientele with expertly curated products from the world's most coveted brands, personalised end-to-end service, the latest technology and inspiring content, all shaped by 20+ years of insights into the modern shopper.

To support the teams who are powering this ecosystem we have business partnering functions, including Legal, Finance, Communications, Human Resources and Security.

Our Finance function is now seeking a talented Group Treasury Director to join the team.

This role manages a fully-fledged stand-alone Treasury department.

Some of the essentials for you to know are:

Location: Yoox Net-A-Porter office in Milan

Department Size: 15 (Approx.

)

Reporting into: Group Chief Financial Officer

Work type: Hybrid

Here is a breakdown of what you'll be doing:

- Managing all liquidity management functions, including cash concentration.

Ensuring adequate liquidity for working capital needs and short-term investment of excess liquidity.

Management of intra-group liquidity, including intra-group loans and capital injections

- Analyzing and hedging exchange rate risks for the Group's major currencies

- Contributing to the definition and implementation of the Group's funding strategy.

- Implementing and managing a group cash pooling system

- Forecasting short and medium-term cash flows for major currencies

- Supervision of relations with banking and financial institutions responsible for cash management.

Negotiation of banking and service fees

- Indirect supervision of day-to-day lending and investment activities

- Ensuring compliance with internal controls, policies and procedures.

Development and monitoring of operational treasury policies

- Definition and implementation of a centralised Group treasury system and its interface with the accounting and management control system

- Continuous optimization of the organization of the Treasury function, by ensuring the right structure and the right skills to support YNAP through the planned journey

- Supervision / management of key projects, aimed at evolving YNAP Treasury context.

The type of person we are looking for:

- A bachelor's degree in finance, accounting, or a related field is required.

A master's degree or a relevant professional certification (e. g. , Certified Treasury Professional, Chartered Financial Analyst) is preferred.

- At least 15+ years of experience in treasury management, with a significant portion in a leadership or managerial role.

- Proven experience in managing liquidity, cash concentration, and short-term investments, ideally in a multi-national corporate setting.

- In-depth knowledge of liquidity management, cash concentration, and intra-group liquidity management.

- Strong understanding of exchange rate risk analysis and hedging strategies.

- Proficiency in forecasting short and medium-term cash flows for multiple currencies.

- Experience in implementing and managing cash pooling systems.

- Demonstrated experience in managing relations with banking and financial institutions, including negotiation of banking and service fees.

- Strong knowledge of internal controls, treasury policies, and procedures.

- Experience in developing and monitoring operational treasury policies to ensure compliance.

- A track record of implementing and managing a central Group treasury system and its interface with accounting and management control systems.

- Strong leadership and team management skills

- Excellent interpersonal and communication skills to collaborate with cross-functional teams and stakeholders.

- Strong analytical skills to assess financial data and make informed decisions.

- Proficiency in using financial analysis software and tools.

- A strategic mindset to align treasury activities with the overall financial goals and objectives of the organization.

- Proficiency in assessing and managing financial risks, including market and operational risks.

- Strong attention to detail to ensure accuracy in cash management and forecasting.

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Experience Level: Director

Workplace Type: Hybrid