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Vilnius, Vilnius, Lithuania

EU Treasury Manager - Vilnius Shared Service Center or Brussels Office

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Job ID 55623

EU Treasury Manager - Vilnius Shared Service Center or Brussels Office

Job Description:

About Owens Corning

Owens Corning is a global building and industrial materials leader that manufactures and delivers a broad range of high-quality insulation, roofing, and fiberglass composite materials. The business is global in scope, with operations in 33 countries, and human in scale, with approximately 19,000 employees and longstanding, local relationships with its customers. Based in Toledo, Ohio, Owens Corning recorded net sales in 2019 of $7.2 billion. Founded in 1938, it has been a Fortune 500® company for 65 consecutive years.

About the job

The EU Treasury Operations Manager is responsible for providing a seamless service across all Business Units for the Owens Corning’s European entities, including Composites, Foamglas and Paroc. He/She ensures effective tools and processes are in place to provide financial services such as global disbursements, reporting, monthly closings, cash and risk management, in accordance with European and Global Policies.

The role requires coordination and communicating across all back-office finance functions (shared service center, tax, accounting, credit, internal controls), but also with legal, sourcing and HR.

The candidate will manage a team of 6 finance professionals located in 3 offices, and will report into the EU Treasury & Credit Leader.

Job Responsibilities:

  • Leads and Develops Talent
  • Is fully engaged in personal learning and development as a major engine for personal growth and success of the company
  • Invests in the growth and development of their direct reports and other identified talent within their organization
  • Creates an environment where talent is developed through effective performance management and talent evaluation

  • Daily Cash Management
  • Oversees and further develops Cashpool structures
  • Ensures adequate liquidity at EU level while maximizing cash availability at corporate level
  • Implements efficient cash management processes
  • Monitors cash forecasting reports (daily, weekly, monthly)
  • Trades FX Swaps for liquidity purpose

  • Process improvement/projects:
  • Constantly works on reviewing existing processes to optimize efficiency and controls
  • Partners with external vendors, financial institutions & Shared Services with the goal of achieving higher efficiency at lowest possible cost
  • Optimizes system-use and develop in-house IT knowledge
  • Proactively participates in and lead projects reaching beyond the scope of the Treasury organization

  • Currency exposure hedging for European + Russian entities
  • Monitors the hedging performed by corporate treasury
  • Hedges exposure arising from Russian entities
  • Monitors and reports FX P&L (EU consolidated)
  • Is compliant with EMIR framework (reporting and reconciliation)

  • Various requirements
  • Supports structured transactions (acquisitions, dividends, mergers, …)
  • Manages portfolio of bank guarantees
  • Monitors portfolio of ICO loans & Deposits (postings, revals, interests)
  • Supports requests from external and internal auditors

Job Requirements


  • Master degree in Accounting or Finance
  • Minimum 10 years' experience in corporate treasury in multinational environment, possibly combined with experience at banks or equivalent
  • Minimum 2 years’ experience in managing teams, including remote locations
  • Desired SAP experience

Knowledge and Abilities:

  • Treasury front-office and/or back-office expertise
  • Ability to coach, develop and motivate talent, on site and remotely
  • Excellent planning and organization skills
  • Maintain and develop effective communication with internal and external stakeholders
  • Efficiently manage team priorities in a rapidly and constantly changing environment
  • Ability to work under pressure and tight deadlines
  • Strong project management skills
  • Ability to understand the big picture and think strategically
  • Fluent in English is required

Personal Characteristics:

  • Full commitment to the position
  • Self-starter & comfortable working with minimal supervision
  • Stress Resistant
  • Proactive approach
  • Problem solver
  • Curious
  • Strong follow-up mindset
  • Strong team player
  • Eager to develop new skills and share his/her experience

About Owens Corning  

Owens Corning is a global building and industrial materials leader. The company's three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products, manufacturing technologies, and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company's customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2019 sales of $7.2 billion. Founded in 1938, it has been a Fortune 500® company for 65 consecutive years. For more information, please visit

Owens Corning is an equal opportunity employer.

Please note: Applications must be filled out completely—incomplete applications will not be considered. Resumes are welcome, but are not a substitute for completing the application.

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