Cashflow Manager

Brussels Airlines

Brussels, Belgium

Purpose of the position

The Cashflow Manager is responsible for the financial reporting of SN’s direct and indirect cashflow including monthly closing, forecasting and yearly budgeting. He/She takes up a key role of managing and improving the company’s liquidity by identifying opportunities to improve mainly the operational cashflows (working capital) and to align with LHG’s overall cashflow strategy.

Your tasks

Operational activities (actuals and forecast) – Direct method

Calculate weekly cashflow performance, highlight major cash inflows and outflows (bank transactions); follow-up on cash-in (sales) flows.
Liaise with Treasury, Accounting and the Business to understand result and upcoming payments/receipts.
Predict future cashflows, cash positions weekly and analyze/improve forecast accuracy.

Operational activities (actuals and forecast) – Indirect method

Own SN’s monthly cashflow reporting based on indirect method (accounting).
Prepare supporting files for understanding closing result (working capital, DSO/DPO, sales).
Collaborate with the different departments in order to stay UpToDate on the actualities, projects impacting cashflow.
Monthly cashflow forecasting based on P&L forecast and assumptions from the Group.
Analyze/improve forecast model and accuracy.
Lead cashflow budgeting process (yearly).

Controlling cash-flow for Aircrafts

Follow-up and report all aircrafts related cash events and items separately.
Lead monthly review meetings with Procurement and Maintenance & Engineering; align on future fleet estimations and costs.

Reporting to SN’s Management and to Group

Provide forecast monthly to LHG for hedging purposes (FIDAX reporting): 24 month forecast per currency & activity.
Report indirect cashflow forecast to the group monthly.
Review and analyze working capital developments, DSO and DPO figures.
Provide explanations for most important evolutions vs. last year & vs. budget.
Reconcile indirect cashflow result with direct cashflow.
Prepare cashflow statements, other financial reports, presentations for management review and decision-making.

Identify & implement levers to improve operational cashflow – working capital

Use cash-flow reporting and forecasting to identify development areas in the area of cashflow optimization, mainly operating cash flow & working capital optimization.
Launch & implement projects within the SN organization to improve cashflow.
Liaise with LHG and align SN cashflow strategy with overall LHG cashflow strategy.

Your profile

Master degree – Accountancy/Finance or equivalent years of experience.
2-5 years work experience in a financial position with a broad understanding of accounting is a must.
Experience in cashflow management and reporting, as well as in a complex international accounting environment is an asset.
Finance & Accounting skills.
MS Office – excellent command of MS Excel.
Knowledge of SAP Datasphere, SAP Analytics Cloud and Anaplan is an asset.
Able to adapt to business changes and translate them into necessary IT/tool requirements.
Ability to communicate & work together across all levels of the organization.
Good presentation skills.
Solution-oriented.
Fluent in English; Dutch and French desirable.