Senior Specialist Netting

Job description

Service Performance and Issue Resolution • Execute end-to-end netting, settlement, treasury accounting, and reconciliation activities, including exception management and issue resolution, in accordance with defined procedures, controls, and accounting standards. • Act as the escalation SME for complex netting exceptions and intercompany settlement disputes; perform root-cause analysis and implement corrective actions. • Maintain and review issue and exception logs, identify recurring process issues and trends, and drive sustainable resolution to prevent recurrence. • Prepare operational status updates and exception reports to support month-end activities and ad hoc stakeholder reviews. Implementation of Changes and Improvements • Lead and contribute as SME to process improvement initiatives, automation pilots and tool enhancements for netting and treasury accounting. • Support design, testing and deployment of system upgrades (e.g., SAP FI, Coupa Treasury) and associated work instructions. • Document and update standard operating procedures and control matrices to reflect process changes and lessons learned. • Propose pragmatic changes to reduce manual effort, improve accuracy and shorten cycle times; support business case and benefit tracking. • Coach peers on new processes and tool usage to ensure consistent adoption and minimal disruption. • Prepares and deploys related training to ensure fast and smooth onboarding of new participants, together with other OS&S process teams and/or local finance teams, where appropriate Process Execution and Control Management • Ensure accuracy of treasury accounting entries related to netting and intercompany settlements in accordance with IFRS/GAAP and company policies. • Perform reconciliations between netting outputs, general ledger balances and bank statements; investigate and resolve variances. • Validate master data used for netting and intercompany postings, escalating discrepancies and driving corrective updates. • Ensure timely submission and settlement of netting runs, and the resolution of open items and aged exceptions through effective coordination with Accounting, Treasury, and Shared Services partners • Maintain and test key controls around netting cycles, settlement flows and accounting postings to support compliance and audits. Stakeholder Management and Communication • Coordinate with Treasury, Intercompany Accounting, Shared Services and Financial Controllers to resolve complex issues and align on reconciliations. • Serve as primary SME contact for internal stakeholders on netting rules, settlement timing and accounting treatment. • Work with IT and system support teams to triage system incidents and to prioritize fixes impacting netting operations. • Provide clear, timely communication to stakeholders on status of escalations, corrective actions and process changes. • Support external audit requests and ad-hoc queries related to netting and intercompany settlements. Education • University degree in Finance, Accounting, Business Administration, Economics, or related field Experience • 3-5 years of experience in treasury operations, netting, intercompany settlements, or related financial operations • Experience working with treasury and accounting systems (e.g., SAP FI, Coupa Treasury, netting tools) and performing reconciliations • Experience performing root-cause analysis and supporting system/process improvement initiatives Knowledge and skills • Strong expertise in netting processes, intercompany settlements and treasury accounting principles • Solid understanding of accounting standards relevant to treasury transactions (IFRS/GAAP) • Strong expertise with SAP FI and treasury-related modules or comparable treasury systems • Solid understanding of internal controls and compliance requirements for treasury and accounting activities • Excellent communication skills and ability to act as an SME with stakeholders • Analytical mindset with strong problem-solving and process-orientation skills Other requirements • Very good command of English, both oral and written • Additional language(s) beneficial depending on team location and scope • High level of confidentiality when handling sensitive treasury and financial information POSITION SCOPE Reporting Line(s) Solid line(s) to: Netting and Treasury Accounting Manager Working Relationships Internal contacts: Netting and Treasury Accounting Manager Process management within Book-2-Close Group Treasury Group Legal OS&S Engage OS&S Transform Internal Auditors External contacts: Service providers or external business partners as required for daily operations External auditors Banks