Head of Treasury (H/F)

By testing our customers' systems, our test solutions help eliminate uncertainty and contribute to saving lives. For more than 60 years , SPHEREA has been designing high-tech test solutions that enhance the reliability, safety, and performance of critical systems . These requirements are at the heart of everything we do, whether in the development, production, or maintenance of complex systems and platforms for some of the world's most demanding industries, including civil aerospace, defense, transportation, and energy. A New International Dimension SPHEREA is now entering a new phase of growth and transformation following the acquisition of Averna, a globally recognized provider of test and quality solutions. The newly formed group is defined by: 1,800 employees worldwide; Operations in 15 countries across all continents; €305 million in revenue in 2025 ; Complementary areas of expertise and strong innovation potential; Test solutions that address critical industry challenges. The quality , technical excellence , and reliability of our solutions have been recognized for many years by leading industrial organizations, particularly in the aerospace, defense, space, rail, and energy sectors.

Role overview

The Head of Treasury safeguards the group's liquidity, making sure it always has the cash it needs to meet its financial commitments. The role manages financial risk and the relationships with banks and lenders. It also builds a group-wide treasury function, ensuring locally generated cash is centrally controlled. Key responsibilies

Build & run the group treasury function Design and build the group treasury function across the merged organisations — policies, processes, controls, and systems (TMS); Supervise, coordinate and control decentralised local treasury operations, close to where cash is generated. Liquidity & cash management Own group cash management, pooling and the rolling liquidity forecast; secure day-to-day liquidity and optimise cash and credit lines group-wide; Manage the circulation of cash across the group — centralisation and upstreaming, intercompany loans and funding, and dividend payments. Financing & covenants Manage the group's financing under the Senior Facility Agreement (SFA) — drawdowns, repayments, headroom and refinancing; Own covenant compliance management and headroom forecasting (leverage), drawing on the covenant calculations produced by Group Controlling; handle any waiver or amendment; Manage day-to-day lender relations and credit-facility administration, in support of the CFO. Banking relationships, mandates & guarantees Own banking relationships, bank lines and bank mandates (account signatories and powers of attorney), and their maintenance across the group; Manage the bank-guarantee programme critical to the business — bid bonds, advance-payment and performance bonds, retention money guarantees and SBLCs. Financial risk management Assess and hedge FX exposure (principally EUR/USD) and interest-rate risk within an agreed policy; Own payment security and fraud prevention across the group.

First 12 months — what success looks like Group treasury function set up — charter, policies, roles and controls; Cash centralisation and regional cash-pooling live, with a rolling liquidity forecast across regions; Bank accounts and mandates mapped and rationalised (signatory / POA framework in place); FX policy defined and core EUR/USD exposures hedged; covenant compliance secured and TMS selected.

Required

• 15+ years in corporate treasury, including a treasury leadership role in an international group; fluent English;

• Command of financing and covenant, liquidity and cash management and bank guarantees (bonds, SBLCs);

• FX and interest-rate risk management; established banking and lender relationships;

• Private-equity & LBO-backed environment — fluent in lender and sponsor expectations and covenant discipline.

Preferred

• Post-merger integration; treasury management system (TMS) implementation;

• Building or restructuring a treasury function in a multicurrency environment;

• Industrial, engineering-services or project-based sector; aerospace & defence an advantage.

Core competencies

Technical & delivery: mastery of liquidity, financing, covenants and financial-risk management; rigour,

control and payment security.

Relational & intercultural: builds trust with banks, lenders and the sponsor; influences across legacy

organisations and cultures (North America, Europe, Asia); clear, credible communication

As part of our CSR initiatives, employees are encouraged to participate in collaborative workshops focused on diversity, workplace well-being, biodiversity, and responsible procurement. In accordance with our CSR policy and equal opportunity commitments, particular attention will be given to applications from candidates with disabilities whose qualifications and experience are equivalent.