Cashflow Manager
About Brussels Airlines
Brussels Airlines, part of the Lufthansa Group, is the national airline of Belgium with its home base at Brussels Airport.
Our mission is to be the most reliable airline, making everyone feel at home.
We are passionate about what we do, whether it’s on board, in an office, in the hangar or at an airport. Our people are recognized for always going above and beyond and for constantly challenging themselves.
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.
What we offer
- A flexible reward plan that allows you to optimize part of your salary;
- A flexible work environment focused on activity-based working & home office possibility;
- Travel benefits;
- Company car (or car allowance);
- Profit sharing;
- Group insurance;
- Company medical plan (optional);
- Meal- & eco vouchers;
- Representation & homeworking allowance;
- A spot in a very enthusiastic team & a great company to work
