Role Description:
About Booking Holdings
Booking Holdings (NASDAQ: BKNG) is the world's leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. For more information, visit BookingHoldings.com and follow us on X (formerly known as Twitter) @BookingHoldings.
Booking Holdings B.V. is looking for an experienced Cash Manager to join our centralised Treasury team in Amsterdam.
The role: The Cash Manager will play a crucial role in the execution, evolution and improvement of global Treasury cash management operations and activities related to the corporate business unit.
The Cash Manager is responsible for executing a variety of regular tasks to support cash management activities aligned with established control frameworks. Responsibilities include handling daily cash transactions, determining daily cash positions, forecasting cash needs, preparing cash management reports, supervising the organization's overall cash flow, and ensuring adequate currency specific liquidity is in place for operational needs. The role also focuses on optimizing cash centralization, conducting cash repatriation processes, and performing recurring In House Bank and cashpool activities.
Other responsibilities include supporting tasks to enhance and scale existing cash concentration channels and the scaling of BKNG group wide entities and their participation within existing cash pool or In House Bank structures.
The Cash Manager will support Treasury transformation initiatives and contribute to the redesign of processes and systems, including implementing process improvements, and conducting user acceptance testing of new system implementations.
You will have strong interpersonal skills and communication skills with an ability to adjust your communication and approach to collaborate effectively with both internal and external stakeholders across all organizational levels.
You will be part of an experienced Treasury team and will report to the Treasury Manager Cash Management - Corporate.
Due to the continuous growth and evolution of the organization, the tasks and duties of this role will evolve over time. You will be keen to develop and grow within the role and challenge yourself to take on additional projects and responsibilities as required.
Key Job responsibilities:
Individual contributor who performs day to day cash management operations in accordance with controls frameworks to include, cash concentration activities, payment initiation and settlements, money market investments and redemptions, account funding, and management reporting;
Monitoring of working capital balances and performing bank account funding to ensure adequate and appropriate cash levels are held in applicable currencies to support operational needs for relevant entities;
Manage day to day In house bank operations, support and coordinate with relevant internal stakeholders, monitoring, resolving issues and performing ad hoc areas of analysis as required, ensuring tasks are performed in accordance with controls frameworks;
Support on the creation of automated short-term cash flow forecast solutions in collaboration with the data analytics and financial systems teams;
Assist in tracking and refining short-term cash flow forecasts by comparing projected figures with actual outcomes and delivering analysis and explanations for significant variances;
Perform ad-hoc projects, tasks and analysis to help support decisions, resolve issues or support other business requirements related to cash management activities;
Support on driving, executing and improving weekly / monthly KPI and cash management reporting to leadership team;
Apply operational excellence across all areas of direct ownership adhering to internal controls, process documentation and desktop procedures related to your assigned areas of responsibility;
Support our continuous improvement program through identifying process and system issues, working with key internal stakeholders to include our Fintech unit and other finance functions to improve the efficiency of end to end process through both process and system enhancements;
Foster constructive relationships with stakeholders throughout the organization by proactively addressing and resolving cash management issue:
Support critical system implementation projects with Treasury and project stakeholders to ensure best in class end to end cash management processes and reporting solutions are enabled in Treasury Management systems;
Support across various cash management projects to include expansion and/ or restructuring of global cash and liquidity management solutions, expansion and/or restructuring of In house bank;
Act as a backup and support for other Cash Managers within the Cash Management function including Cash Management Payments sub function and learn the specific requirements to perform recurring tasks for this sub function.
Skills and experience required:
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Bachelor or Master Degree degree in Finance or an applicable field;
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3-4 years working experience within large corporate treasury and cash management with specific experience in relation to corporate cash management, liquidity management, Foreign Exchange Management, In house bank, implementing operational process improvements and the development of supporting control frameworks. The ideal candidate will have a strong background in finance, excellent analytical skills and the ability to work in a fast paced environment.
Demonstrated experience in Treasury Cash Management and preferably experience of performing a similar role for a large corporate or Financial Institution;
Designation as a certified Cash Manager or Certified Treasury Professional is a plus;
Direct experience with SAP is a must; Experience with alternative Treasury Management systems is a plus;
Knowledge and demonstrated technical and practical understanding of swift connectivity, MT messages;
Experience in enabling and managing cash pooling arrangements, both notional and physical;
Experience with in-house bank operations, including performing recurring operational tasks and managing intercompany positions;
Ability to manage multiple competing priorities simultaneously while driving assigned tasks and to accurate completion;
Team player and proven ability to work under pressure and to strict deadlines;
Strong excel and analytical skills;
Demonstrates strong communication skills and adjusts their style and approach to collaborate effectively with both internal and external stakeholders across all organizational levels;
Strong interpersonal skills, flexible and a positive attitude;
Ability to work collaboratively as part of a team and across multiple internal stakeholders (Legal, Tax, Corporate, Payments and Local Accounting teams) to deliver successful project outcomes;
Able to demonstrate relentless tenacity to drive business objectives and deliver results.
Please note relocation will not be provided for this role.
