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Assistant Treasurer


This is a Full-time position in Houston, TX posted April 6, 2021.

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world’s largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to Fortune Magazine’s list of the ‘World’s Most Admired Companies’ for the fourth consecutive year.

Basic Function

LyondellBasell is looking for a highly motivated and ambitious Treasury and Finance professional to join our Treasury team based in Houston, Texas and reporting directly to the Treasurer. The Assistant Treasurer will oversee financial risk management, treasury operations and strategic initiatives. The ideal candidate will have experience leading Treasury Operations of a multinational company, have a strong understanding of risk management principles and have experience in other core Finance functions (M&A, FP&A, Accounting, Corporate Finance, Consulting or Banking). The Assistant Treasurer will lead a global organization of ~24 people and will support the Treasurer on various strategic initiatives.

Roles & Responsibilities


  • Provide mentorship, guidance, and support to ~24 individuals across multiple geographies
    • Visibly foster an organizational culture of inclusiveness and diversity of thought
    • Make improvements in succession planning, depth of talent bench and performance management
  • Ensure activities are following Treasury policies, accounting guidelines and controls
  • Work cross functionally with Treasury, Accounting, Tax, Legal, SP&T and other stakeholders to accomplish tasks
  • Be a thought leader and pro-actively seek out areas to add value

Strategic Initiatives

  • Lead an enterprise wide working capital initiative to generate sustainable cash flow improvement and instill a cash mindset throughout the organization
  • Steer treasury due diligence for M&A initiatives
  • Drive formulation of senior management and board level presentations
  • Support the Treasurer on other strategic projects as they arise

Treasury Operations-Partner with the Director of Global Treasury Ops to:

  • Manage LYB’s global liquidity strategy, treasury operations technology roadmap and organizational alignment
  • Oversee global cash management functions, including forecasting, reporting, management of in-house banks/payment factories, and trade finance activities/instruments
  • Work with key stakeholders to transform financial processes and drive automation
  • Manage the short-term cash investment portfolio and commercial paper program, including policies, procedures and execution

Financial Risk Management-Partner with the Director of FRM EAI and Director of FRM Americas to:

  • Provide oversight and management of the Foreign exchange and Commodity risk management programs
  • Operate a fully integrated process for financial risk management, including risk identification, hedging options, execution tactics, accounting considerations and reporting

Scale of Assets Managed

  • Cash Investment Portfolio $1.5-$5B
  • FX hedging portfolio $0.5-$1B
  • Debt service administration $16B+ portfolio
  • Intercompany Lending portfolio $35B+

Critical Behaviors

  • Unquestionable, Impeccable Ethics and Integrity: will not waiver from doing the right thing under any circumstances; objective at all times and in all situations, always operates free from bias
  • Decision Quality: makes good decisions based upon a mixture of analysis, wisdom, experience, and judgment; most of your solutions and suggestions turn out to be correct and accurate when judged over time; sought out by others for advice and solutions
  • Building/Leading Effective Teams: blends people into teams when needed; creates great morale and spirit in the team; shares wins and successes; fosters open dialogue; lets people finish and be responsible for their work; defines success in terms of the whole team; creates a feeling of belonging in the team; collaborative leadership style
  • Drive for Results: can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others for results
  • Negotiating: can negotiate skillfully in tough situations with both internal and external groups; can settle differences with minimum noise; can win concessions without damaging relationships; can be both direct and forceful but also diplomatic; quickly gains trust of other parties to the negotiations; has a good sense of timing
  • Strategic Agility: capacity for strategic thinking as well as high attention to detail; sees ahead clearly; can anticipate future consequences and trends accurately; has broad knowledge and perspective; is future oriented; can articulately paint credible pictures and visions of possibilities and likelihoods; can create competitive and breakthrough strategies and plans
  • Excellent Verbal and Written Communication Skills: able to communicate clearly and concisely, both in written and verbal formats, within a multi-cultural environment; ability to communicate complex cash repatriation strategies to senior executive financial and operating management, allowing for effective decision making
  • High Intelligence, Focus, Energy and Drive: professional sophistication, detail and results oriented and able to perform well in a fast-paced, rapid-growth environment where there is a continuing commitment to the highest quality of operations and staff
  • Maturity and Presence: able to stand alone as the corporate spokesperson to banks or other outsiders



  • Minimum of fifteen (15) years of experience in a multi-national corporation, investment bank or financial services organization with specific experience managing global treasury operations, experience in various strategic finance roles and a strong comfort level of financial risk management. A broad set of experience across abovementioned is a big plus
  • Balanced professional who can drive strategy but also roll up their sleeves and deliver; motivation and drive to take on more outside of Treasury in the future
  • Ability to influence, build, and motivate a team to produce quality results in an efficient manner
  • Prior experience managing foreign exchange exposure is a plus
  • Experience with SAP or another sophisticated enterprise system and modern treasury management systems
  • Knowledgeable of SOX requirements and ensuring compliance with SOX controls
  • Excellent communicator through all levels of the Company with the ability to conceptualize and influence the outcome of complex issues
  • Experience with project management and demonstrated success overseeing multiple projects to completion
  • Must have a growth mindset and sound business judgement
  • Strong PC skills and attention to detail: Microsoft Excel, Word, PowerPoint


  • Bachelor’s degree in Finance, Economics or related field
  • Masters of Business Administration or equivalent degree is a big plus

Licenses & Certifications:

  • CFA or CPA is a big plus


  • English required; any other languages (particularly Dutch, German, Italian, French or Spanish) a plus



Builds effective teamsCollaboratesCultivates innovationCustomer focusDemonstrates courageDrives resultsEnsures accountabilityInstills trust and exemplifies integrity

Must be at least 18 years of age and must be legally authorized to work in the United States (US) on a permanent basis without visa sponsorship.

LyondellBasell does not accept or retain unsolicited résumés or phone calls and/or respond to them or to any third party representing job seekers.

LyondellBasell is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, veteran status, and other protected characteristics. The US EEO is the Law poster is available here.

Nearest Major Market: Houston

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