Head of Treasury and FP&A

About ElevenEs:

ElevenEs is the most advanced European manufacturer of prismatic LFP cells and systems for electric mobility and energy storage, with a plan to grow its operations from the existing pilot production to mass-scale manufacturing in the coming years. Incorporated in Luxembourg with headquarters and main operations in Serbia, ElevenEs focuses on delivering safe, sustainable, and high-performance battery solutions for the European and North American markets. Learn more at www.elevenes.com

Position goal:

Driving financial performance and operational stability of the company by making and implementing treasury and FP&A strategy with strict on-the-ground execution. Securing the liquidity of the company by managing complex banking relationships in Serbia and Luxembourg and mitigating risks. Simultaneously building the company’s FP&A working capital, and cash management practices from the ground up to secure successful manufacturing operations.

Key activities and responsibilities:

• Act as the primary corporate leader responsible for cash and liquidity management, including financial planning, while working closely with banking partners in Serbia and Luxembourg, as well as international lenders,
• Monitor complex debt agreements tied to factory construction or expansion; ensure strict observance of reporting requirements for international investors, while ensuring regulatory compliance with Serbian and EU banking oversight.
• Develop and execute hedging strategies to protect the company against currency fluctuations, interest rate movements and raw material pricing volatility.
• Oversee daily liquidity, optimize working capital, and manage cross-border intercompany loans between the Serbian entity and the Lux holding.
• Lead the design and implementation of the company’s financial planning, budgeting, and forecasting processes from the ground up.
• Establish KPI analysis specifically for battery manufacturing
• Prepare monthly, quarterly, and annual financial performance reports for local management, the Board of Directors, lenders, and investors
• Implement strict financial controls for inventory tracking (for raw materials, work in progress and finished goods)
• Work with purchasing to manage payment terms and letters of credit for international raw material suppliers.
• Lead the set-up of the full Treasury and FP&A team
• Contribute to the set-up of other roles/teams within internal finance as needed.
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Reports to: CEO

Key competencies:

• Setting up, building and developing teams and systems
• Strong executive presence with Integrity at highest level
• Ownership
• Accountability
• Duty of care toward the company’s capital, physical assets, and long-term viability

Position requirements:

• 18+ years of experience in international corporate banking sector, plus additional corporate treasury and FP&A experience is a plus
• Experience in cash management, bank relationship management, agreement tracking and risk hedging strategies (FX, interest rates, commodities, etc.)
• Exposure to the European (Luxembourg) banking sector and regulatory framework is a strong plus
• Experience in setting up financial planning, budgeting, and financial performance/KPI analysis
• Inventory tracking and management
• Deep knowledge of managing cash, debt management, and FX hedging tools.
• Experience implementing or working with ERP systems and setting up financial dashboards.
• Full fluency in Serbian and English languages (native, bilingual or at least full professional proficiency)

Benefits:

• Competitive salary and benefits package.
• Work in an innovative environment leading the way in battery research and development.
• Contribute to the development of clean energy technologies with real-world applications.
• Flexible working hours – coordinate with your management and choose your own schedule.
• Possibility of remote work.