Treasury Internship

Finance

• GENEVE-WTC1(CHE)
• Switzerland

Desired Start Date:
Q3 2023
Take your first steps into a fulfilling career and join our team as an intern

• Are you looking to grow your career in the vibrant world of energy trading?
• Do you have a Finance / Accounting background and good knowledge of IT tools?
• If yes, we would love to see your profile as we are looking for our next intern to join our Treasury desk for a 6month period.
  About us

TotalEnergies has developed a strong expertise in oil and biofuels, natural gas and electricity trading. Trading entities are based in Geneva, Paris, Houston and Singapore.

• TotalEnergies installed its European trading hub across in Geneva, which now bring together very large teams around trading activities: TotalEnergies Trading & Shipping (T&S) and TotalEnergies Gas and Power (TGP).
• T&S is a trading company in charge of all physical trading and shipping of crude oil and refined products on behalf of the TotalEnergies Company. It has been an active participant all over the supply chain as well as on the derivatives paper market in order to manage the market risk for a long time. ). As such, it operates in fastevolving market dynamics influenced by internal and external factors that require constant adaptation and evolution.
  What you will do

As a Treasury Intern, you will report to the Treasury Supervisor, working alongside Front Office, Middle Office, Back Office, Finance, IT and Legal Departments when necessary, to manage cash missions on behalf of our entity.

• Your main goal will be to assist with daily cash management of gross receivables & payables, ensuring timely payment and receipt of funds.
  Payments
• Preparation and agreement of all settlements including netting through direct liaison with trading counterparties.
• Daily payment of margin calls (exchanges & bilateral). Monitoring of other cash deposits requirements to ensure business adequacy but minimize costs associated with over provision.
• Generation of monthly payments and monitoring of receipts associated with bilateral including interest charges.
• Assist with execution of material payments and receipts, ensuring that liquid funds are available to meet working capital requirements.
• Cash reconciliations of all systems accurately reflect settlement status.
• Perform call backs to conform with Internal on boarding process

Collections / Aged Debt

• Monitoring of anticipated receipts, follow up and reporting of material overdue amounts with counterparties, including the raising of interest charges where appropriate.
• Chasing of outstanding receipts (true debt) with counterparts to avoid loss. Day to day management of D1, D+1, D+15, D+30 and relevant D+ targets for the business. Management of cash management to position to management and wider position.
• Working with General Accounting improvement of cash allocation procedures to ensure a daily bank reconciliation procedure is implemented and unallocated items are allocated to the correct accounts.

Forecasting & Reporting

• Support for the timely, systematic and accurate delivery of Treasury reporting in coordination with management.

Systems

• Support and management for ongoing development of banking and settlement systems including Simba, THEMIS, Sun, SWIFT and all banking systems.

Other

• Provision of support for all Treasury activities.
• Support adhoc Treasury projects including system migration

Our Culture:

We are committed to meet the energy needs of a growing population and we are committed to the energy transition.

The volatility of the energy trading markets requires excellence in risk management and a culture of innovation. We are fully embracing the digital revolution.

• Our people flourish in an environment that promotes expertise, entrepreneurship spirit, agility and a purposedriven culture, generating boundless opportunities to learn, grow and achieve collaborative success.
• Reinforcing the competencies of our people is a key pillar of our culture: we train our people to ensure their development and we pledge to encourage safety in all our actions.
• We look for passion, ambition and openmindedness. While we evolve in a demanding industry that requests to be always on the edge, we cultivate a friendly workplace where our people feel good, where team spirit and respect guide our daily routine, where the diversity of our people and their skills create a nourishing experience for all of us.
• You are pursuing a Finance/ Accounting Master Degree and ideally enrolled in your final year
• You know how to work in an evolving environment where pressure and urgency are daily occurrences.
• You have strong English and French verbal and writing skills
• You have strong organizational skills and details orientation are essential, as large numbers of varied transactions are involved where accuracy of settlements are essential.
• Knowledge of Power BI and/or VBA are highly desirable

- ** A tri-partite

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