Analyst Middle-Office & Financial Instruments Accounting

*Le contenu du poste est libellé en anglais car il nécessite de nombreuses interactions avec nos filiales à l’international, l'anglais étant la langue de travail.**This job offer is accessible to all, regardless of gender***Job title:** *Analyst Middle-Office & Financial Instruments Accounting** *Location: Gentilly*# *About the job***About Sanofi:**We’re an R&D-driven, AI-powered biopharma company committed to improving people’s lives and delivering compelling growth. Our deep understanding of the immune system – and innovative pipeline – enables us to invent medicines and vaccines that treat and protect millions of people around the world. Together, we chase the miracles of science to improve people’s lives.## ## **Our Team:**The Middle Office & Financial Instruments Accounting (**MO&FIA**) team belongs to the Financial Risks & Markets (**FRM**) department, that within Financing, Treasury & Insurance manages Sanofi’s exposures to market risks, mainly liquidity, interest rate, foreign exchange, equity & counterparty risks.Together with MO&FIA, FRM comprises two other teams:* Capital Markets (**CM**), in charge of Debt, Sanofi own share management, Strategic funding, Equity capital markets support and Bank relationship monitoring* Front Office (**FO**) that pilots day-to-day liquidity & transacts external hedging instruments (holding)**Main responsibilities:**As an Analyst Middle-Office & Financial Instruments Accounting, you will:* Drive optimization of cash positions and transactions while actively monitoring risk levels* Lead cash management strategies that align with local regulations, market requirements, and Group treasury policies* Safeguard financial assets and ensure transaction security* Analyze and manage liquidity, currency, and interest rate risks in collaboration with Corporate Treasury* Build and maintain strong partnerships with internal stakeholders across departments and Finance functions* Develop and nurture relationships with banks and external treasury partnersMiddle Office:* Follow-up of **centralized operating Foreign Exchange (FX) exposures** (budget & actuals) of ≈100 affiliates in 25 countries & 40 currencies, representing around € 12 bn. P&L exposure per year (and creating a high sensitivity of Group operating income to FX fluctuations)* Review of **centralized financing & investing FX exposures** driven by investments, divestments & internal restructurings: capital increases/decreases, dividends, transfers of shares or intangible assets, loans & borrowings* The MO is in charge of **controlling these exposures and transmitting them to FO for external hedging**, as well as **granting internal hedges** to the exposed affiliates, in line with Group policy & procedures. The MO checks that as a result FX positions are balanced* Maintenance & control of the **FX rates database** (budget, trend, booking rates)* **Fair valuation** of derivative instruments for accounting purpose* **Analytical review** of actual consolidated FX gains & losses as well as net financial resultFinancial Instruments Accounting:* **Sanofi holding financial instruments** (cash investments, financial debt, derivatives) **accounting** (IFRS, French Gaap & French tax rules). This activity covers day-to-day accounting (in the SAP-TRM Treasury Management System auxiliary ledger and through Manual Journal Entries) and month-end closings for a high volumetry of instruments (to illustrate: currently € 10 to 15 bn. outstanding cash investments, € 20 bn. outstanding financial debt, € 100 to 150 bn. external FX derivatives dealt per year) representing a critical stake in terms of accuracy & completeness of Group financial reporting* Documentation of **hedging relationships*** Drafting of **notes to consolidated financial statements** and to Sanofi holding statutory accounts related to financial instrumentsThe MO&FIA Analyst reports to the Head of MO&FIA.# *About you***Experience:*** Significant experience of fieldwork in **Treasury or in Corporate accounting (Consolidation or Technical accounting)** in a large listed Corporate and/or a Big4 (or Big4 like) audit firm**Soft skills:*** **Rigor & reliability** (the MO&FIA team’s performance has a critical impact on Group P&L and cash-flows, viewing the damage that un-hedged FX exposures may rapidly provoke, and on financial statements accuracy & completeness)* Strong **analytical and synthesis capabilities**, oral and written* **Commitment**: Centralized FX exposures go from Mexico to Australia and often require early and after-hours interventions. Group accounting deadlines require, in particular for quarterly closures, a demanding volume of activity in a limited period of time* **Team working** spirit* **Pragmatism** and **organization skills** in order to meet tight deadlines (anticipation & pro-activity)* Strong **interpersonal skills** due to the permanent interactions with multiple stakeholders with the treasury & accounting communities**Technical skills:*** **FX**: significant past-experience on & appetite for foreign exchange issues in a large multinational listed corporate* **Hedging**: economics, valuation, risk management & settlement of basic operating & investing FX hedging instruments (**FX spots, forwards & swaps**)* **Accounting**: IFRS skills on financial instruments (classification, recognition, derecognition, measurement & disclosures of cash investments, financial debt and derivative instruments, including hedge accounting principles) are a +* **Systems**: SAP-FI, SAP-TRM or other Treasury Management Systems, agility in excel modelling**Education:*** Master in finance, specialization in technical accounting, treasury or financial markets is a+**Languages:*** Fluency in **French** and **English** mandatory* Join a **strategic financial hub** managing over €12 billion in annual FX exposures and €20 billion in financial debt, where your expertise directly impacts Sanofi's global financial performance* Be part of a **dynamic international environment** working with 100+ affiliates across 25 countries, offering extensive exposure to global markets and diverse stakeholders* Benefit from a **high-visibility role** at the intersection of Treasury and Accounting, collaborating with multiple departments and external partners while developing expertise in both operational and strategic financial management* Experience **professional growth** in a sophisticated financial setting using cutting-edge treasury management systems and working with complex financial instruments, while developing your skills in FX risk management and IFRS standards# **Pursue** *progress.* **Discover** *Extraordinary*Join Sanofi and step into a new era of science - where your growth can be just as transformative as the work we do. We invest in you to reach further, think faster, and do what’s never-been-done-before.*Progress* and Discover *Extraordinary* – together.At Sanofi, we provide equal opportunities to all regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, protected veteran status or other characteristics protected by law.#LI-FRA#LI-Hybrid# Pursue *progress*, discover *extraordinary*Better is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let’s be those people.At Sanofi, we provide equal opportunities to all regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, ability or gender identity.Watch our

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