Global Middle Office Manager (Treasury)

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Job Description

Role

As a Middle Office Manager (Treasury), your mission is to bridge the gap between the front office and back office, ensuring covenants monitoring, smooth trade finance operations, and reliable support for liquidity and financial risk management. Reporting to and collaborating with the Head of Group Treasury, you will work closely on optimizing the organization's financial activities, contributing to seamless treasury operations. As Calderys is backed by a leading private equity firm, operating under an LBO structure, this role brings a strong focus on value creation, operational efficiency, and strategic transformation. Candidates should be comfortable working in a dynamic, results-driven environment, with opportunities to contribute to meaningful change across the organization.

Responsibilities

Covenants & Baskets monitoring

• Perform regular analysis of financial covenants (leverage, coverage ratios, etc.) tied to Group financing agreements.
• Monitor usage of available "baskets" (e.g. restricted payments, debt incurrence capacity, investments).
• Conduct periodic covenant testing and support communication with auditors and rating agencies.

Budgeting/Closing

• Collaborate with Group Treasurer on budget phasis: follow-up on debts, interests and cash flow.
• Participate to Forecast phasis and Business Plan.
• Update monthly report to Shareholders and management on credit metrics.
• Follow-up Net Debt monthly.
• Financial Report Annexes: Prepare annexes to the financial reports, including disclosure of treasury-related information such as derivative positions, cash balances, and risk exposures.

Reporting

• Prepare and present detailed reports for investor relations, covering cash management, foreign exchange activities, and project financing.
• Monitor and report on currency hedging, foreign exchange operations, and ISDA agreements.
• Support the Group Treasury Manager in preparing financial and performance reviews for senior management and investors.
• Maintain the dashboard on Finance Kpi's versus competitors.
• Ensure the timeliness and accuracy of reporting, addressing any discrepancies proactively.

Trade Finance Operations

• Monitor trade finance facilities (e.g. LCs, SBLCs, bank guarantees, documentary credits) on a daily basis.
• Liaise with banks, legal teams, and operating units for the issuance, renewal, and closure of instruments.
• Track usage and availability of credit lines.
• Ensure consistency with contractual terms and internal procedures.

Requirements

• Master's degree in Finance, Accounting, or related field (business school, university, or equivalent).
• Around 10 years of relevant experience, ideally in Treasury, Middle Office, Structured Finance, or Financial Controlling.
• Strong technical understanding of trade finance instruments and covenant structures.
• Excellent analytical skills and advanced proficiency in Excel and financial modeling.
• Good understanding of financing documentation (bonds, credit agreements, etc.).
• Fluent in English and French.

Nice to Have

• Knowledge of Exalog treasury management systems (TMS) or BI/reporting tools.
• Familiarity with the FCC consolidation software is a strong plus.
• Previous experience in a leveraged group or high-yield financing context.
• Exposure to rating agency methodologies.

About Us

Calderys Group

Calderys is a leading global solution provider for industries operating in high temperature conditions. The Group specializes in thermal protection for industrial equipment with a wide range of refractory products, and advanced solutions to enhance steel casting, metallurgical fluxes and molding processes.

As an international business with a presence in more than 30 countries and a strong footprint in the Americas through the brand HWI, a member of Calderys, we offer our employees a world of opportunity.

With a legacy of over 150 years, and an unwavering commitment to excellence, we continue to shape our future through teamwork, customer-centricity and a proactive mindset. We are the vital partner of all high temperature industries and our purpose places sustainability and innovation at the heart of our business. It reflects our reason for existing: to support our customers building a better world through sustainable solutions.

Our values are a driving force in this purpose: We are tenacious, accountable, multicultural and authentic..

In our company, performance is recognized and learning is promoted. Our services and solutions depend upon the expertise and commitment of our employees. So we ensure that they have the scope and opportunities to develop their potential within a diverse, inclusive and collaborative setting. It is an environment for people to grow, where every day is a new day and more exciting than the last.

Calderys - Forged in legacy. Fueled by excellence.

For more information, please visit Calderys.com