Treasury Today Country Profiles in association with Citi

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A Rising Star Winner: Dominique Cachelin

Photo of Dominique Cachelin, Samsung

At the age of 24 Dominique Cachelin, Treasury Manager at Samsung has already obtained a wealth of treasury experience and expertise. This has seen him capture the attention and gain the trust and respect of senior management, quickly rising up the ranks. He is certainly is a rising star in the industry.

Photo of Dominique Cachelin, Samsung.

Dominique Cachelin

Treasury Manager

Surrey, UK

Dominique Cachelin, Treasury Manager at Samsung, is responsible for the cash and liquidity management, FX hedging and investment strategy for the EMEA region. Prior to joining Samsung he worked for Teva’s European Treasury in Zurich, Switzerland. He holds a BSc in Accounting and Finance from the University of Southampton and is close to completing both his AMCT and CIMA qualifications.

Dominique Cachelin received his first taste of treasury with Teva Pharmaceuticals where he worked as a summer intern for three years whilst he was at university studying accounting and finance. “The department, like too many treasury departments, was under-resourced,” he recalls. “This proved to be an excellent opportunity for me to join a team who were both keen and supportive for me to learn and take on many different duties.”

During the internship, Dominique’s responsibilities ranged from managing the physical intercompany loan documentation to supporting the implementation of their new SunGard TMS. In his last summer at Teva, Dominique assisted in a review of their asset-backed commercial paper securitisation programme.

After graduating from university, Dominique joined Samsung as an EMEA Treasury Analyst. His first role was to assist with the back office FX and cash management operations. In addition to this, he was also responsible for the day-to-day management of Samsung’s Global Intercompany Netting programme.

Always one to take the initiative, Dominique took it upon himself to learn how to write code for Excel VBA and created a number of macros to aid with some of the more manual tasks. “Overall I managed to save approximately 50-man hours per month through the use of Excel macros and improved data collection,” he says.

This work, tied with Dominique’s ability to learn new processes quickly and identify areas where efficiency could be improved, captured the attention of the senior management and he was promoted to front office. Dominique quickly had to learn about FX hedging and the company’s cash management operations across EMEA. Today he is responsible for executing a high value/volume of FX transactions per week and managing the EMEA cash pool. Dominique has also been spearheading changes to Samsung’s FX hedging strategy that has resulted in a sizeable saving in bank commission.

“I am both incredibly grateful and proud to have been recognised by my peers for this award. I would also like to acknowledge all those that I have worked with at Samsung and Teva, they have taught me a great deal.”

Dominique Cachelin, Treasury Manager, Samsung

Another key area of focus has been ensuring that Samsung avoids negative interest rates on its cash investments. Whilst admitting this has been a “difficult task”, Dominique has demonstrated first-class relationship management skills by working with Samsung’s banking partners to come up with innovative ways to do this.

All of this work saw Dominique promoted to Treasury Manager in March this year. He has also recently passed his Certificate in Treasury, achieving a distinction in all five exams, and is currently studying for a Diploma in Treasury as part of AMCT qualification and the CIMA Advanced Diploma in Management Accounting.

Testimonial

Renzo Revelli, Senior Treasury Manager at Samsung EMEA: “Dominique has made a massive contribution since joining our team. During his time working in back office, he quickly took on board critical work and with minimal supervision successfully completed the tasks assigned. Furthermore, he streamlined many activities, reducing significantly the time allocated for those tasks whilst minimising operational errors.

He has made a smooth transition into front office and now he is actively making recommendations to manage company’s cash and FX position. Dominique is someone you can rely on and who is always keen to cooperate, which makes him a very approachable individual.”

Key skills

  • Communication and interpersonal skills:

    Able to network efficiently and effectively present information both verbally and in writing. Conversational German ability.

  • Data analysis:

    Numerically minded and passionate about disseminating complex financial information in an easy to understand form.

  • Problem solving and planning:

    Able to successfully formulate solutions and initiatives to ensure objectives are met. Works with stakeholders to comprehend objectives and provides initiative to achieve them.

  • Team working:

    Effectively able to work as part of a team as well as on own initiative. Possesses a hands-on approach, enjoys being part of a strong team and being able to contribute knowledge and experience to others.

  • IT skills:

    Proficient in the use of SAP accounting software, Bloomberg terminals and numerous treasury management systems (SAP, IT2, SunGard). Familiar with using a variety of online banking systems.