Match of the Month - June 2024

Through my network, I came into contact with this family business. They were looking for a new treasurer, but it was a tough job: stuck between a rock and a hard place. After my first contact, it took a while before I was invited for an interview. Other agencies had already tried in vain to find the perfect candidate. As a result, I was already behind when I sat at the table.

“There you have another one who claims he can do it”. Still, I convinced them of our expertise and unique approach.

They gave us a chance and soon I was able to present several suitable candidates. Most of them went for interviews. Then, unexpectedly, a known contact person and treasurer from another company presented himself to me: a contact from the company itself. Surprised by his interest, I went to talk to him anyway. It turned out that he was the perfect candidate! And he is now the company’s new treasurer.

This case shows that sometimes you can find the best candidates in the most unexpected places. Through our unique approach and my extensive network, we helped this family business find the perfect treasurer for the future.

Can I help you too in finding a perfect match? Feel free to get in touch.

 

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Match of the Month - May 2024

Many times, I stood at this client’s front door before I was finally allowed in. Several fellow recruitment agencies had preceded me and failed, so I could understand their skepticism. However, after a good personal intake, I walked out with the assignment!

In parallel, I was in close contact with another client, where we have placed successfully several times. The contacts there are very good. One of their employees indicated internally that he was open to a new position that was unfortunately not available within the company, so he started searching the market. While he was open about his search, we were able to approach him and a few conversations later the contract could be signed.

We don’t give up on finding the right fit, and we cater to both companies seeking top talent and individuals searching for their dream job.

Feel free to contact us for advice on your recruitment process.

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Dennis Schmidt joins Team Treasurer Search

We are delighted to announce that Dennis Schmidt joined Team Treasurer Search on 1 May as a Recruitment Consultant.

Dennis worked for about 15 years with relevant banks like Bank Mendes Gans and Van Lanschot before transferring to the corporate side at New World Resources. He worked many years as a cash manager and corporate treasurer before becoming an interim treasurer. Many of his clients as an interim manager are the same as ours at Treasurer Search. Our contacts have always been frequent.

In parallel to his professional career, he led charity initiatives and is a very active member of the treasury community. He contributes to treasuryXL, visits treasury events regularly, and is one of the faces of the Platform Interim Treasury of the DACT. He lives with his family near Alkmaar, where he can train for long mountain bike tours.

Treasurer Search started about 15 years ago and we learned that the professional and personal drivers of treasurers are almost always different from those of recruiters. We are convinced Dennis is the exception and combines both. It is great that Dennis can learn from us about recruitment, a job for which there are many trainable skills. And of course, we can deepen our treasury expertise by learning from a colleague who has actually done the job himself.

In the first months in the team, Dennis will work closely with Ron for interim assignments and Kim & Pieter for permanent ones. Together we will use this time to define his market focus so he and the team can be most successful in supporting clients & candidates. We will keep you updated.

Last but not least, within Treasurer Search we have a very conscious approach on how we want to be as a team, both in connection with the non-working part of our lives as with quality standards and how we interact with each other. Keywords in this are fun, results, long-term, quality, ethical, professional and operate at eye level. We recognize these values in Dennis so are confident in all aspects he will be successful.

On behalf of Team Treasurer Search, welcome Dennis!

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Match of the Month - April 2024

Next to international treasurers moving around the world for their careers, we see an increasing number wanting to stay where they are or return to the place where they were born.

In The Netherlands, for example, many enjoy living near the border. Like we do in Venlo. Our client in the match of the month also has an office close to the German border and had a demanding assignment for us: find local talent that speaks Dutch AND has expertise in project finance. The talent pool for this in that region is near to non-existent, especially in the current tight labour market.

At the end of the process, the client had the option to choose between a local hero with a lot of long-term potential for the company, and a project finance expert. The first landed a new position. What made the match extra sweet for us, was that we met him already over ten years ago, kept in touch and the investment paid out. That’s why we love our jobs.

Feel free to contact us for advice on your recruitment process.

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The Treasury Leader's Responsibility: Building a High-Performing Team

As a treasury leader, you understand the importance of effective cash flow management, risk mitigation and strategic financial planning. But your role goes beyond these core responsibilities. Building a high-performing team is fundamental to your department’s success. This blog explores key considerations for treasury leaders in building a strong talent pool.

Proactive Succession Planning

While internal recruiters can facilitate the initial stages of hiring, the responsibility for maintaining a robust talent pipeline ultimately falls on your shoulders. Succession planning is a critical aspect of this responsibility. By anticipating potential departures and identifying the skills required for future growth, you can proactively source and develop talent internally. This proactive approach ensures a smooth transition and minimises disruption.

Build a well-rounded Treasury Team

While technical skills are essential, focusing solely on resumes creates a narrow lens. Look for candidates who have complementary skills and personality traits that contribute to a high-functioning team. A strong leader may need a detail-oriented teammate to ensure a balanced and efficient operation. Prioritising cultural fit alongside technical competence will encourage collaboration, build team spirit and ultimately drive departmental success.

Expand your Search

Relying solely on internal recruiters or external agencies introduces an element of risk. To mitigate this, explore alternative recruitment channels. Industry conferences, professional organisations and targeted online platforms can be valuable sources of highly skilled individuals. Proactive outreach demonstrates initiative and commitment to strengthening your team.

Strategies to Retain Your Top Treasury Talent

Attracting talent is only the beginning. Retaining high performers is just as important. Prioritise professional development opportunities to enhance their skills and keep them abreast of evolving industry trends. Clearly defined career paths provide motivation and demonstrate a commitment to employee growth. In addition, fostering a culture of open communication, appreciation and work-life balance creates a positive work environment, promotes employee satisfaction and reduces turnover.

Conclusion: Building a strong treasury team together

At Treasurer Search, we understand the unique challenges faced by Treasury leaders in building exceptional teams. Our extensive market knowledge, combined with a focus on long-term client relationships, positions us as your trusted partner in managing the talent spectrum.

We invite you to get in touch with us! We look forward to discussing your specific needs and working with you to build a high-performing treasury team that will enable your department to achieve its strategic goals.

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Finding Your Perfect Interim Treasurer: Fast & Efficient

You are busy with the day-to-day running of the business, right? The crucial treasury responsibility may also lie with you. Then you know this part is never finished, and that’s where we step in.

Treasurer Search is THE PARTNER for finding interim treasurers, we are the biggest party in the Benelux in this field, and this is why:

Treasurer Search has…

  • A high-quality network: We have more than 300 interim treasurers worldwide, and almost 200 in the Netherlands, with diverse expertise and experience.
  • Fast results: Most of our assignments are filled in within a few days.
  • Familiarity: We know all our interim treasurers personally, know what they are capable of, and when they are available.
  • Personal service: We take the time to discuss your needs and requirements.

Do you already know in which area you need reinforcement? We have interim staff available for various treasury disciplines, such as:

  • TMS implementation
  • Managing operations
  • FX management & policies
  • Funding
  • Daily Cash Management

Connect now with your partner for interim treasurers, and let me bring you added value to your business. In for a quick call?

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Match of the Month - March 2024

The story of this Match of the Month is about a non-European with a great education, a lot of talent and a bit of relevant experience. We presented him to many clients both for permanent as well as interim roles. Often him not being an EU citizen seemed to be an issue. His first assignment in The Netherlands he picked up through our services and he delivers ever since.

We found him various positions and not too long ago he picked up a new assignment through another recruiter. As turned out, it wasn’t made a match in heaven, and the assignment ended prematurely. Contracts in interim management deserve a professional approach, both in setup as well as roll out. Luckily one of our clients asked him to return so he is back on track with the support of our interim management expert Ron.

This experience underscores a crucial element we consider during interim placements: matching personalities, not only just skills. The most qualified candidate on paper might not always translate to a smooth working relationship within the client’s team.

Feel free to contact us for advice on your recruitment process.

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15 Years Treasurer Search, 15 Facts!

It’s time to celebrate!

We’re turning 15 years old, and to mark this milestone, we’re sharing 15 interesting facts about our journey and what makes Treasurer Search unique. Buckle up and discover our story, from humble beginnings to a leading force in the industry!

Company Growth

1. This year 15 employees!

2. Evolved from home office to our own office from 1999!

3. Updated our brand communication- future-ready!

Client Focus

4. Serve diverse industries, from large-cap to mid-cap

5. Main source of assignments: returning to clients

6. Ongoing candidate support, from junior until retirement

International Presence

7. Offices in both the Netherlands and Germany, 4 nationalities in the team

Unique Offerings

8. Unique Vacancy Overviews on LinkedIn

9. Involved in RT Program, guest lectures at the Minor Treasury of the Hogeschool Utrecht

10. “Treasurer Test” – our unique assessment tool

Team Culture

11. Hand-on, flexible and fun team!

12. Highly dedicated team with low turnover

13. Diverse team with a wealth of talents and expertise

14. Active participation in online webinars

15. We customize, are personal & professional

 

What could our #16 fact be next year? Feel free to share your thoughts with us!

 

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Group Treasurer Recruitment: A Specialized Approach to Finding Top Talent

Recruiting for a treasury specialist is different from recruiting for a Group Treasurer. Technical skills and knowledge are considered a given at this level, personality becomes a more important factor, and stronger connections to business leaders are expected. Mass recruiters are not used anymore, companies are less likely to do the search themselves, and senior executive firms and niche firms like ours are used to find the candidate.

Why finding your next Top Treasury Executive requires a specialised approach

Finding a new Treasury Professional may seem straightforward, but when it comes to group treasurers, a whole new level of expertise is required. At Treasurer Search, we understand the nuances of these critical roles and the specialised approach required to attract top talent. Pieter found his first Group Treasurer of a listed firm before 2000, a first in a string of many that is still being extended.

The Importance of Soft Skills

While technical skills and financial knowledge are essential, they only paint part of the picture for a Group Treasurer. Even more than for junior and medior treasurers. At this senior level, soft skills become paramount. The ideal candidate will possess:

  • Strategic thinking: The ability to align treasury functions with overall business objectives.
  • Strong communication skills: Collaborate effectively and communicate complex financial concepts to diverse stakeholders.
  • Leadership: Inspiring and guiding a team to achieve key financial goals.
  • Business acumen: Understanding the broader business environment and its impact on financial strategy.
  • Relationship building: Fostering strong relationships with internal and external partners.

Tailored Recruitment Strategies

Finding a Group Treasurer demands a far more targeted approach than relying on bulk recruitment methods. These senior positions are rarely filled, and companies often lack the internal expertise to conduct a thorough search. This is where specialized executive search firms like Treasurer Search come in. Identifying & screening candidates, approaching them, and guiding the process are handled more thoroughly and discretely than with junior positions.

Our Approach

  • Deep industry knowledge: We possess and continue to invest in a comprehensive understanding of treasury across various sectors, allowing us to identify the best-qualified candidates.
  • Extensive network: We cultivate long-lasting relationships with top treasury professionals, granting us access to a pool of talent not readily available through traditional methods who pick up the phone when we call.
  • Customized approach: We take the time to understand your specific needs and company culture, ensuring a perfect match between candidate and employer.
  • Confidentiality and discretion: We handle all searches with the utmost confidentiality and respect, protecting the reputations of both companies and candidates.

Partnering for Success

At Treasurer Search, we believe in fostering long-term partnerships. We don’t just fill vacancies; we build successful teams. By leveraging our specialized expertise and targeted approach, we connect you with the ideal Group Treasurer who can elevate your organization’s financial performance and contribute to its long-term success.

Ready to find your next Group Treasurer? Contact us today and let’s discuss your specific needs.

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Treasurer Search in Germany: Recent Assignments and Exciting Prospects

This year we celebrate our 15th birthday!

We have steadily grown to a 12-person team and have a very healthy, stable foundation. In our German expansion, also based upon what German treasurers tell us, we choose a steady, personal and quality-driven approach. Not the “quick and dirty” for which our industry and fellow Dutchmen are sometimes known for.

Interestingly enough…

Our most prominent successes are assignments of the type we worked towards in our early build-up years: Senior positions reporting to the CFO. What we notice is that hiring managers, CFOs and Group Treasurers, put internal recruiters more into the forefront. On the one hand that creates better scheduled processes. On the other hand, these processes tend to be longer and internal recruiters often lack treasury expertise which is understandable as they have to cover many bases.

Also, internal recruiters do not tend to feel the urgency of the hiring manager. When you combine this with notice periods of up to 6 months, recruitment processes are often much longer than in other countries. So far, we have not seen that this leads to an increased demand for interim treasurers.

In the past year, Treasurer Search has achieved significant milestones in expanding its footprint in Germany. Our German Treasurer Search team has been actively engaged in diverse assignments that reflect the distinctive dynamics of the German market.

Current assignments

Within our client’s organization, we see the traditional German business values like thorough processes and in-depth analysis of tasks & personality on one hand. On the other hand, we see the entrepreneurial and impact of non-Germans in the company. We are on the lookout for a senior treasury generalist with exceptional proficiency in Debt Capital Markets (DCMs).

Another current senior assignment is also in Berlin. There our client is rapidly expanding and due to their strategy, leveraged finance will remain essential. The appealing aspect of this assignment is the expected IPO. We are actively searching for a group treasurer with a robust profile in leverage finance, possibly with a background in banking.

Here you can find out more about our current positions in Germany:

 

Meet us at the Finanzsymposium in Mannheim

We are also pleased to announce that we will be attending the Finanzsymposium in Mannheim in April. We encourage all our partners, clients and treasury professionals to join us there to discuss the latest trends and opportunities in treasury.

Meet us at the Finanzsymposium

Conclusion
At Treasurer Search, we see great potential in the German treasury recruitment market. As we continue to expand our presence in Germany, we are committed to providing expertise and personalized service to both our clients and the many talented treasury professionals looking for their next role with us.

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