What are the responsibilities and job description for the Treasury and Risk Specialist position at Huhtamaki?
Enjoy a career, packaged with care, whilst helping protect food, people and the planet
We are a key global provider of sustainable packaging solutions. We’re on a mission to make all packaging recyclable, reusable, or compostable. Every day, we ensure the hygiene and safety of food and drink for people around the world. We are Huhtamaki.
You could be part of our vision. Because it’s our talented people that make it happen. Our people on the shop floor producing innovative, sustainable products. Our people in our offices delivering excellence for our customers every day. It’s every one of us working together.
We offer a place where you can feel safe, be supported, and make an impact so we can all focus on the future together.
The Treasury and Risk Specialist has primary responsibilities related to treasury, insurance, leasing, unclaimed property, medical accrual analysis, and related month-end close activities. The role supports risk reduction, cash and collateral management, lease accounting compliance, and timely financial reporting through coordination with internal stakeholders, external brokers, banks, carriers, and service providers.
Insurance (45%)– Main objectives are to reduce risk of loss minimizing cost through safety efforts, proper insurance program design and claims management.
Treasury (10%)– Main objective is to ensure the security and availability of the cash assets of the company through appropriate security protocols and forecasting activities.
Minimum
We are a key global provider of sustainable packaging solutions. We’re on a mission to make all packaging recyclable, reusable, or compostable. Every day, we ensure the hygiene and safety of food and drink for people around the world. We are Huhtamaki.
You could be part of our vision. Because it’s our talented people that make it happen. Our people on the shop floor producing innovative, sustainable products. Our people in our offices delivering excellence for our customers every day. It’s every one of us working together.
We offer a place where you can feel safe, be supported, and make an impact so we can all focus on the future together.
The Treasury and Risk Specialist has primary responsibilities related to treasury, insurance, leasing, unclaimed property, medical accrual analysis, and related month-end close activities. The role supports risk reduction, cash and collateral management, lease accounting compliance, and timely financial reporting through coordination with internal stakeholders, external brokers, banks, carriers, and service providers.
Insurance (45%)– Main objectives are to reduce risk of loss minimizing cost through safety efforts, proper insurance program design and claims management.
- Works closely with the Finance Controller to use actuarial data, internal loss analysis, claims experience, and market guidance to determine appropriate retention levels and insurance program assumptions.
- Manage submissions and handling for insurance claims, including workers compensation, auto, property, general liability, product liability, and other insured exposures.
- Support annual insurance renewal and budgeting processes by gathering exposure data, coordinating with brokers and carriers, and evaluating expected premium changes for global and local policies.
- Provide accounting and analysis for all business insurance, workers compensation and certain medical accounts.
- Coordinate semi-annual claims reviews for workers compensation.
- Perform full accounting and analysis of split dollar life insurance policies.
- Prepare lease vs. buy analysis to determine optimal financing options for various capital expenditures.
- Manage end-of-lease options to minimize lease charges, including renewals, buyouts, terminations, and month-to-month lease transitions.
- Manage vendor relationships with finance companies, major equipment manufacturers, and internal stakeholders involved in lease approvals and accounting.
- Maintain lease records and monthly updates, including new leases, expiring leases, lease modifications, ownership changes, and lease status changes.
- Complete lease accounting month-end close activities, including invoice processing, journal review, and reconciliation of lease accounting balances to the general ledger.
Treasury (10%)– Main objective is to ensure the security and availability of the cash assets of the company through appropriate security protocols and forecasting activities.
- Manage the security administration function of our online treasury software.
- Perform full accounting duties for the holding company including journal entries, account reconciliations, month end and year end processes and completion of Hyperion forms.
- Support letters of credit, standby letters of credit, and bonds, including renewals, amendments, collateral increases, reductions, automatic extensions, and coordination with banks, beneficiaries, and internal stakeholders.
- Properly file UP reports with appropriate due diligence and file maintenance.
- Manage 3rd party UP audits.
- Ensure remittances and notices to the states are done timely.
Minimum
- BS Degree in Business Administration or equivalent experience. Accounting experience preferred.
- Excellent written and verbal communication skills, with ability to communicate clearly and collaborate effectively with internal and external stakeholders.
- Ability to manage multiple ongoing projects, recurring deadlines, month-end close responsibilities, and ad hoc requests concurrently.
- Ability to work independently and as part of a team to accomplish specific tasks and projects.
- Strong critical thinking skills, including ability to independently analyze data, investigate variances, identify trends, and recommend actions.
- Experience in corporate treasury and/or insurance