Treasury Director - North American

Company Description

Veolia Group is a global leader in environmental services, operating across all five continents with nearly 218,000 employees. Specializing in water, energy, and waste management, Veolia Group designs and implements innovative solutions for decarbonization, depollution, and resource regeneration, supporting communities and industries in their ecological transformation. Within this framework, Veolia's Water Technology Business brings together a dedicated team of experienced professionals committed to tackling the world’s most complex challenges related to water scarcity, quality, productivity, and energy.

Together, we pursue a shared mission to create a more sustainable future.

The Treasury Director will lead all treasury, liquidity, financing, and financial risk activities across the North American region (US and Canada), serving as a strategic partner to the Regional CFO and Veolia Water Tech Corporate Treasury. This role will safeguard the organization’s financial health by ensuring adequate liquidity, strengthening cash flow forecasting, optimizing funding and cash repatriation, and actively managing foreign exchange, interest rate, commodity, and counter party risks.

The Director will also oversee banking relationships, payment security, treasury systems, capital structure, and the governance of bank and parent company guarantees, ensuring compliance with Veolia Group policies and local requirements. Through disciplined oversight, forward-looking analysis, and close collaboration with finance, legal, commercial, and operational teams, this leader will improve cash generation, reduce financial exposure, and support sustainable growth across the region.

Job Duties

• Manages and supervises all aspects related to treasury and financing in their region.
• Understands, anticipates, and monitors the cash generation/consumption of the entities and provides analysis to the Regional CFO.
• Ensures a sufficient level of liquidity for their entities, helps them anticipate and manage their financing needs, while ensuring the proper application of the Group's financing and treasury rules, distinguishing between capital expenditures, working capital requirements, growth financing, and M&A (mergers and acquisitions). Documents financing requests and forwards them to the Water Tech Corporate Treasury. Ensures that documentation (cash agreements, loan agreements, etc.)
  
  is up to date.
• Controls the level of cash consumption of the entities through reporting and management of the entities' current account limits.
• Develops cash forecasts, challenges their entities, and informs/explains them to the Water Tech Corporate Treasury. Then compare actual cash flow with the forecasts and use the results to improve the quality and reliability of future forecasts. Understands the cash generation levers within their scope.
• Based on cash positions and forecasts, assess the landing of quarterly free cash flow (using the “Simplified Free Cash Flow” and “Total Cash Generation” ratios) and of net debt, in close collaboration with the FP&A teams. Following each Vector closing, perform a systematic reconciliation between the Treasury’s actual cash generation and the free cash flow from Vector (the Group consolidation system), with a view to continuous improvement
• Maximizes and automates cash repatriation to the group's centralizing entities for any non-cash pooled accounts.
• Identifies financial risks (exposure to foreign exchange risk, interest rate volatility, commodities, counter party risk) and defines and implements solutions to address them, in coordination with the Veolia Group trading room;
  Analyzes the foreign exchange result in Vector and manages the portfolio of outstanding hedges.
• Provides Level 1 support for the use and management of the TMS (Treasury Management System) within their region: helps users, answers requests, indicates modifications to be made to the treasury system, and enters the necessary transactions.
• Intervenes in payment management:
  Monitoring and management of payment incidents. Approval of payment batches before sending to Next. Ensures the security of payment methods and…