Back Office Associate

Transport is at the core of modern society. Imagine using your expertise to shape sustainable transport and infrastructure solutions for the future. If you seek to make a difference on a global scale, working with next-gen technologies and the sharpest collaborative teams, then we could be a perfect match.

What You Will Do

The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drives systems for marine and industrial applications, and is the world's leading producer of heavy-diesel engines.

Group Treasury is responsible for providing efficient and effective financial infrastructure, capital management and capital structure, funding of group operations, and external relationships within the financial area for the Group. Group Treasury head office is located in Gothenburg, Sweden. Group Treasury is also present in Singapore, Beijing, Greensboro, and Curitiba, Brazil. As a member of the Back Office team at Group Treasury, the contribution focuses directly on the Group Treasury mission to secure the Volvo Group’s global payment capability.

This position performs a vital role in making sure that financial obligations of Group Treasury are met through securing and developing efficient, value creating and modern Group payment processes, primary focusing on PERFORMING and TRANSFORMING, in cooperation with internal and external stakeholders and utilizing the Volvo Group financial infrastructure. This includes cost efficient internal netting structures, the execution and monitoring of cash transactions arising from FX, interest rate swaps, derivatives, and loan positions.

Back Office is primarily an operational department with daily deliveries, but a successful candidate must be a self-starter who can operate and make decisions without management oversight and will be tasked with defining and improving cost efficient delivery platforms, operations, processes, and the use of new technologies. The position works closely with all departments within the Treasury organization, Volvo Group companies, banks, and other financial institutions.

Back Office is a global function and the team has colleagues in Sweden, USA, Singapore and Brazil. The position is office based out of Greensboro, North Carolina.

Main Activities And Responsibilities

• Responsible for managing and executing day-to-day internal and external financial payments in multiple countries and currencies.
• Recommend and implement improvements in processes and methods within payment processing management and related Back Office activities, including digitalization of processes and modern use of data.
• Ensure the financial obligations of the Volvo Group are met arising from multicurrency cross-border loans, interest rate and foreign exchange derivatives and swaps.
• Responsible for monitoring cash transactions with Volvo companies and banks and ensure transactions comply with Volvo policy including cash balances and anti-money laundering/fraud.
• Manage and resolve bank fee discrepancies and ongoing bank relationships both regionally and globally.
• Identify, evaluate and educate the different departments within Volvo companies on cash forecasting, liquidity to minimize forecasting variances.
• Manage incoming wire transfers and outgoing wire transfers, both cross border and local
• Supervise and coordinate banking activities within cash pools.
• Coordinate and settle Netting Center activities locally and globally as part of the Volvo Group financial Infrastructure.
• Manage compliance with banks in relations to Dodd Frank Act regulations.
• Drive and participate in global projects to finetune and optimize processes relating to payment systems, reconciliation activities and bank infrastructure.

Who are you?

Do you dream big? We do too, and we are excited to grow together. In this role, you will bring:

• BA/BS degree in Finance/Business Administration
• Minimum one year experience in an equivalent role.
• Exposure to PowerBi reporting, and collecting and analyzing complex data.
• Familiarity with basic accounting principles as well as high ethical values
• Critical thinking and inquisitive mind
• Sophisticated Excel skills and strong modeling and financial valuation skills
• Can provide accurate, timely, and reliable reporting and controls
• Ability to grasp the “big picture” and underlying strategic issues
• Ability to develop solutions to sophisticated problems and posses a high attention to detail
• Ability to bring new perspective to challenges and effectively communicate advantages to such perspectives/ideas
• You feel energized by working both independently and interdependently, have proven skills in cross-functional collaboration

Ready for the next move?

If you want to make a real impact in your career, the transportation business is where you want to be. We look forward to meeting you.

At the Volvo Group, we strive for a clear, transparent, and straightforward compensation approach, motivating you to contribute to the company’s growth. For this position, the base pay is set at $53,700 - $66,400 annually, and where applicable, bonus eligible.  The range for this role, as well as final salary offered, is determined by several factors including, but not limited to, geographic location, work-related knowledge, certifications, skills, education, and experience. In addition to these factors, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.

In addition to a solid package of compensation and benefits, plus you will enjoy:  

• Competitive medical, dental and vision insurance.
• Generous paid time off.
• Competitive matching retirement savings plans.
• Working environment where your safety, health and wellbeing come first.
• Focus on professional and personal development through Volvo Group University.
• Programs that make today’s challenging reality of combining work and personal life easier.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

We value your data privacy and therefore do not accept applications via mail.

Who We Are And What We Believe In

We are committed to shaping the future landscape of efficient, safe, and sustainable transport solutions. Fulfilling our mission creates countless career opportunities for talents across the group’s leading brands and entities.

Applying to this job offers you the opportunity to join Volvo Group . Every day, you will be working with some of the sharpest and most creative brains in our field to be able to leave our society in better shape for the next generation. We are passionate about what we do, and we thrive on teamwork. We are almost 100,000 people united around the world by a culture of care, inclusiveness, and empowerment.

Group Finance contributes to realizing the vision of the Volvo Group by developing and providing a wide range of expert services from financial planning to accounting, business controlling, M&As, financial reporting and investor relations. With Volvo Group Finance you will be part of a global and diverse team of highly skilled professionals who work with passion, trust each other and embrace change to stay ahead. We make our customers win.