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  • Job reference: RMS0106800

Treasury Manager

  • Sector: Engineering
  • Location: Hungary
  • Job type: Permanent
  • Date posted: 22/05/2012
  • Time left:
    d h m s
    (29/05/12)
This vacancy has now expired.
The Company:
One of the largest oilfield services companies, operating in more than 100 countries and employing more than 50,000 people worldwide. With a product and service portfolio that spans the life cycle of a well— drilling, evaluation, completion, production and intervention— and a robust research and development effort, we are well positioned to meet the ever-evolving needs of the oil and gas industry.

The Role:
The role

Currently looking for a Treasury Manager to establish, maintain and manage the U.S. branches of the Hungarian finance companies.

As a Treasury Manager your main duties will involve:
• Oversee a person in the U.S. for the purpose of managing the necessary activities related to the U.S. branch
• Manage the portfolio of U.S. term and revolver loans and any other loans allocated to the branch in accordance with Treasury guidelines established by the company
• Manage the U.S. intercompany revolver finance activities of Hungary site that are not allocated to the U.S. or Swiss branches
• Through oversight of the U.S. branch manager, maintain detailed records, including amortization schedules, of intercompany note receivables
• Administer the respective underlying agreements that evidence the note receivables, including drafting the notes and arranging for execution of the notes
• Work with Corporate Treasury to determine appropriate interest rates for new loans
• Correspond and negotiate with the intercompany borrowers regarding the note receivables and provide notification of payments received on any note receivable
• Engage in collection activities with respect to the note receivables, if necessary (principal and interest)
• Negotiate any modification of the terms and conditions of the financing documents regarding the note receivables (within guidelines established by the Company head office)
• If requested, invest, within the guidelines established by the Company head office, the amounts received upon the expiration or termination of the note receivables, or with respect to the interest received on any note receivable, including the negotiation and conclusion of the respective loan agreements
• Liaise with Hungarian tax authorities, as necessary
• Perform local administrative duties, as requested by the Corporate Head Office

Essential Skills / Qualifications:
As a Treasury Manager you will have experience:
• Strong background within Treasury Management, preferably in a similar role in a corporation.
• English fluency required.
• Bachelor's degree in accounting or finance.
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