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Head of Treasury

Bang & Olufsen A/S



Requisition ID 977 - Posted - Denmark - Accounting / Finance / Controlling - Mid-Senior Level - Kongens Lyngby, Denmark

The Most Desired Audio Brand
At Bang & Olufsen, we strive to be the most desired audio brand in the world. For more than 95 years we’ve developed products that change moods, inspire minds and instill pride in all of us. We are passionate innovators, using our deep knowledge and collaboration skills to solve and simplify complex challenges every day, each of us driven by the profound effect sound can have on the mind. We welcome others that share our passion.

Join us to support the business and guide our Group Treasury team; three dedicated specialists, including a student worker. You will be given the opportunity to support our strategic journey and further develop a skilled team. Group Treasury and the rest of Finance & IT are on a mission to support and partner with the organization with best-in-class finance and treasury solutions.

Your mission
As our Head of Treasury, your main role will be to support the business and coach your team. The role encompasses both treasury and credit management. You will be hands-on in daily operations and further development of the function. This is a central and crucial role in an innovative organization where speed and execution are important for you to achieve your goals. You will report to the Senior Director, Accounting, Consolidation, Tax & Treasury but also carry out specific tasks and projects directly with the CFO.

Moreover, you will:

  • Be responsible for traditional Treasury operations
  • Supervise and inspire your team
  • Oversee cash management – both short and long term
  • Coordinate currency risk and hedging
  • Oversee Credit Risk Management including ongoing risk assessment
  • Lead Bank relations
  • Take ownership of the NWC and CF forecast for the Group
  • Intercompany funding and external funding
  • Own the roll out of our future Treasury Management System
  • Ad-hoc sparing and partnering with rest of Finance and CFO

Your network
You will join a highly motivated finance organization with a huge potential. This position is part of the CFO’s extended leadership group; therefore, you will be part of setting the direction for the whole Finance & IT organization and be able to make your mark from day one.

Working closely with your peers and your team, you will ensure that we continue our journey of efficiency and automation within key financial processes such as Order to Cash and Procure to Pay, where you will be highly influential. Furthermore, you will ensure that Treasury continues to bring excellent advice and support to the business including anything from managing our financial risk and credit risk and how we deploy our capital.

What you bring
We anticipate that you have experience from a similar role within Treasury or banking, or perhaps you are part of a larger Treasury team today and are ready for your next opportunity.

Additionally, you:

  • Have either formal or informal leadership experience
  • Are good with numbers and understand a PL, BS and CF
  • Have a good understanding of economics and financial markets
  • Are structured and focused on execution and delivery of your projects and tasks
  • Understand risk and risk management
  • Have negotiation skills – to be used both externally and internally
  • You will gain a central role with numerous stakeholders, so a positive mindset and can-do attitude is required

Your location
You can work from either office in Lyngby or Struer, but regardless of where you are based you will need to travel to and from both locations on a regular basis, as you interact with colleagues across our organisation.

Ready to join the most desired audio brand in the world?
Then submit your CV and application in English by pressing the Apply button. Applications are assessed continuously, so please apply as soon as possible and no later than 21st October 2022.

If you want to know more about the position, you are welcome to contact Anna Vingaard Flindt Hansen, our People & Culture Business Partner on AVFH@bang-olufsen.dk. Please do not send your CV and application to this e-mail directly as these will not be taken into consideration.

Read more about our recruitment process and explore your career opportunities within Bang & Olufsen here.

Empowerment drives our innovation
We are a company of approximately 1000 employees and that makes us small, agile and gives room for individual flexibility and decision-making – this is how we work best. Our hierarchy is flat and our communication is open and trustworthy. We believe that constructive feedback makes us grow as individuals and as a company, and our leadership is based on a clear direction and facilitating collaboration across functions and borders. We believe strongly in mutual respect and have a genuine interest in learning from each other.

We are more than just a workplace
Life is more fun when it is shared and experienced with others. We collaborate, create and innovate on a global scale every day and we celebrate and enjoy life together too. We do Musical Fridays, sports events and get together around good food and celebrate local traditions, all centered around our passion for music.

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Ansøgningsfrist d. 21.10.2022
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Bang & Olufsen A/S - hurtigt overblik


Bang & Olufsen A/S
Bang & Olufsen A/S
Bang & Olufsen is a global luxury-lifestyle brand founded in 1925 in Struer, Denmark by Peter Bang and Svend Olufsen whose devotion and vision remains the foundation for the company. The rich heritage built around the relentless determination to create products that push the boundaries of audio technology continues to place the company at the forefront of audio innovation.

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Peter Bangs Vej 15
7600 Struer
Logo: Bang & Olufsen A/S
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