Cash Management & Third Party Trainee (F/M/X) - 12 Months Rotational Internship

Solvay is all about chemistry. We’re not just referring to chemical reactions here, but also to the magic that occurs when the brightest minds get to work together. This is where our true strength lies. In you. In your future colleagues and in all your differences. And of course, in your ideas to improve lives while preserving our planet’s beauty for the generations to come.

About the role

• Our Accounts Receivables team, composed of 8 people, is integrated in the Credit Management Service Line and focuses on customer accounts reconciliation in collaboration with Cash Collections, Credit Analysis, Customer Service and Commercial team.
• Our Accounts Payable Payments team, composed of 11 people, is integrated in the Procurement department and focuses on paying invoices and reconciling accounts in collaboration with all the other Procurement teams.
• Our Treasury Operations team, composed of 8 people, is integrated in the Finance department, and focuses on treasury operations related activities such as bank account reconciliations, deal confirmation and settlements in the EMEA region and In-House-Bank, and also monitoring and reporting of the bank fees, in collaboration with other Service Units.
• As a Cash Management & Third Party Trainee, you will work on Cash allocation, Customers accounts reconciliation and other Accounts Receivables services to support the process. You will get the opportunity to contribute to the Team’s objectives and have a positive impact on the Service Line results.
• You will be accountable for:
  • Detecting, documenting and following customer issues preventing cash allocation on time.
  • Managing unmatched payments and residual amounts to ensure customers account reconciliation.
  • Process payment runs and reconcile intermediary accounts
  • Performing Accounts Receivables tasks from cash allocation to management of doubtful customers on a timely basis and according to defined procedures, respecting quality and compliance
  • Check FX exposure & counterparty risks in the respect of the limits set by Risk Management
• This is a 1 year rotational internship with the duration of 4 months in each team
• We offer a 12 months Internship contract based on hybrid working mode

About you

• Relevant education degree or equivalent in Finance or Accounting
• Competencies:
  • Fluency in English, other languages are considered a plus
  • Advanced Excel knowledge is a plus
  • Flexibility in working hours: typical Treasury day starts from 7am/8am until 4/5pm
  • Understanding of banking systems and international business, involving multi-currency transactions. Familiarity with the requirements and complexities of global payments transactions (of which Swift, banking tools…)
• Behaviors:
  • Highly analytical with critical thinking and problem solving skills
  • Ability to work under pressure in a dynamic environment
  • High communication and collaboration skills

About the pay and benefits

• Attractive and equitable pay for all: Internship Allowance for this role is from 940€ to 1040€, based on your education
• Lunch Allowance
• Home Office allowance
• Day-off on your birthday
• Training platform for all employees
• Discounts on restaurants, hotels and other services
• Prioritization of well-being: Work-life balance promotion, flexible approach to hybrid work arrangements (depending on the type of job), employee assistance program with access to physical and psychological support.
• Professional development: prioritization of internal talents for career progression, access to a training platform, opportunities to join Employee Resource Groups (ERG) for experience sharing and mentorship and free language courses in 24 languages.

About us

• Solvay, a pioneering chemical company with a legacy rooted in founder Ernest Solvays pivotal innovations in the soda ash process, is dedicated to delivering essential solutions globally through its workforce of over 9,000 employees. Since 1863, Solvay harnesses the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. As a world-leading company with €4.9 billion in net sales in 2023 and listings on Euronext Brussels and Paris (SOLB), its unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition.
• At Solvay, we seek to promote unity and not uniformity. We value the diversity that individuals bring and we invite you to consider a future with us, regardless of background, age, gender, national origin, ethnicity, religion, sexual orientation, ability or identity. We encourage individuals who may require any assistance or accommodations to let us know to ensure a seamless application experience. We are here to support you throughout the application journey and want to ensure all candidates are treated equally. If you are unsure whether you meet all the criteria or qualifications listed in the job description, we still encourage you to apply.

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