
Horacio Somoya
Senior Finance & Treasury Director
Salaire / Taux journalier
Luxembourg
Freelance, ouvert au CDI
Langues
À propos
Introduction
Finance & Treasury Director with 20+ years of expertise in cash management, liquidity optimization, and corporate finance across multinational corporations. Led EMEA treasury operations at BD, managing complex financing strategies and interim country operations. Specialized in cash flow forecasting, risk management, and capital markets with proven success in Fortune 500 environments.
Expérience de travail
Head of Group Treasury Operations
Worldline
sept. 2024 - Présent
2 ans 2 mois
Paris, France
Responsible for the Group’s treasury operations and leading a 50+ FTEs treasury organization mainly responsible for the Merchant and Financial Services operations (100+ entities, 4bn+ turnover and 400bn+ flows settled through intermediation accounts). Develop the group’s shared service centre based in Romania to centralize and align to finance operating model. Accountable for the performance, security and compliance before regulatory requirements of global treasury processes of the relevant entities of the Merchant Services business line, including global cash management, monitoring of Free Cash Flow generation, centralization, bank relations, KYC procedures and safeguarding requirements. Optimization of the financial P&L and FX Exposure. Implement new liquidity structure ensure proper segregation of corporate and merchant cash (safe-warding). Re-design global treasury organization and align to the new operating model to expand scope of coverage, standardize and streamline procedures leveraging in the global service centre’s capabilities. Implementation of TMS (Kyriba).
Co-founder
Hornocal Investments
oct. 2022 - Présent
4 ans 1 mois
À distance
Co-founded this family investment firm incorporated in Spain, Argentina & US mainly dedicated to long term asset management through Real Estate investments in Spain & Argentina, private equity and other standard capital market investments in the US.
BD
avr. 2016 - mars 2023
7 ans
Luxembourg
Director, BP&A EMEA
sept. 2020 - mars 2023
2 ans 7 mois
Luxembourg
Manage and lead European team of 90+ FTEs to deliver crucial oversight for all financial matters EMEA Finance and Business Sr. Leadership. Business partner to the EMEA President and VP of Finance. Empower and contribute to digital finance initiatives and other projects including predictive analytics and AI to boost incremental value for the region. Develop and implement a sustainable strategy for conducting analysis and drafting key management reports to strengthen decision- making processes. Partner with BUs, countries, and functions to identify areas of improvement and ensure maximised efficiency of the financial forecast process through automation. P a g e 1 | 3 • Effectively managed post-acquisition change by integrating two high-performing finance teams of 90+ FTE, resulting in significant resource savings in addition to eliminating disruptions to operational workflows. • Designed and instituted a team restructuring plan to boost employee performance, currently on track to deliver 35% of additional savings for the company. • Enhanced quality, reliability, and efficiency of reporting by introducing new reporting tools such as PowerBI to automate the process.
Director, Treasury EMEA
oct. 2017 - déc. 2020
3 ans 3 mois
Luxembourg
Co-ordinated full spectrum of operations and activities in relation to the EMEA Treasury function. Collaborated with the Tax team on the repatriation strategy and dividend distribution. Functioned as a vital board member and chairman of all Lux holding companies and multiple EU entities to provide strategic leadership and direction. • Spearheaded the regional treasury integration of two major acquisitions valued at $12B and $24B. • Played instrumental role in a $2B bond issuance from a newly incorporated Lux vehicle, successfully balancing the debt of currency mix and curtailing financing costs. • Built and developed high-performing EMEA Treasury function and team in Luxembourg from the ground up to meet the needs of EMEA Finance Business Partners. • Drove the finance transformation process, facilitating a seamless transition of SSCs from Belgium and India to Poland, while ensuring minimised negative impacts to activities. Granted the CFO Award for this initiative. • Secured savings equivalent to 10+ FTEs through the automation of A/P and A/R
Interim Country Controller, Italy & Greece
août 2019 - mai 2020
10 mois
Milan, Italie
Championed a temporary assignment, serving as the Finance Director, Country Controller for Italy and Greece for BD in Milan, Italy. o Successfully setup and executed the legal entity integration plan following the acquisition. o Ensured the prompt closing of reporting and books every month/quarter, including the timely submission of financials at the end of the fiscal year.
Ass. Director, EMEA Treasury
avr. 2016 - oct. 2017
1 an 7 mois
Luxembourg
Associate Director, Global Cash Management
UCB
avr. 2014 - mars 2016
2 ans
Luxembourg
Headed numerous projects to optimise liquidity structures and mitigate idle cash balances on the international level. Restructured organisational FX Risk Management process to boost accuracy of risk identification and hedging. Assisted with cash management implementation projects in diverse South East Asian countries. Contributed to the improvement of the derivatives portfolio. Formulated the Bank Account Management policy for the group. Networked with internal audit teams to verify compliance of cash management operations with regulatory/company policies. Integrated automated structures for global cash pooling to upstream cash balances. Forged working partnerships with banks and suppliers. • Completed end-to-end an RFP process for a new cash management structure in Eastern Europe in 7 months. • Enhanced security and efficacy of banking communication by introducing UCB SWIFT Connectivity, UCB payment factory, and other electronic banking interfaces. • Redesigned completely the group’s FX Management process resulting in a more efficient and accurate one.
Koch Chemical Technology Group, LLC
juin 2009 - mai 2014
5 ans
Luxembourg
European Treasurer
juin 2010 - mai 2014
4 ans
Luxembourg
Oversaw adherence of treasury and risk management processes to relevant minimum financial controls. Tracked and administered investments and FX exposure for the cash pool. Accomplished management of contingent liabilities in the region, as well as other trade finance securities. Liaised with the Tax department to govern dividend distributions and loans/interests’ transactions. Integrated new trade facilities and guided sales leaders and contract managers to elevate wording quality. Held accountability for incorporating treasury processes in the Hamworthy acquisition. Served as the Insurance Risk Leader to manage insurance programme policies and ensure alignment with Koch insurance philosophy. • Received recognition as the one of the first bank in EMEA to implement XML-format (ISO20022) and SEPA-compliant payment solutions. On track to eliminate manual work in bookings and reporting. • Implemented new liquidity structure for the region and trade finance partner cutting banking fees more than 35% • Devised a p-card programme for the EMEA region.
Senior Analyst, Corporate Treasury
juin 2009 - mai 2010
1 an
Luxembourg
Senior Associate, Corporate Treasury
Tyco
janv. 2008 - juil. 2009
1 an 7 mois
Luxembourg
Business Controlling - Product Cost Specialist - Plant Controlling Support (MBA Project Work)
CNH Industrial
janv. 2007 - déc. 2007
1 an
Modena Area, Italy
Finance Accountant & Treasury Specialist
Adecco
avr. 2002 - mars 2006
4 ans
Milan Area, Italy
Finance Manager
Bellomo Group
août 2001 - mars 2002
8 mois
La Quiaca, Jujuy Province, Argentine
Finance Manager
Alberdi SA
janv. 2000 - août 2001
1 an 8 mois
La Quiaca, Jujuy Province, Argentine
Formation
MIP Politecnico di Milano
Master of Business Administration - MBA
2006 - 2007
2 ans
Instituto Superior de Tecnicas y Practicas Bancarias - Madrid
Master in Finance Management
2003 - 2003
1 an
Universidad Nacional de Tucumán
Economics
1994 - 1999
6 ans