The bank for a changing world

We are looking for

Chief financial officer (CFO) Arval Belgium and Arval Luxembourg (m/f)

Apply REF: BNP017907

Founded in 1989 and fully owned by BNP Paribas, Arval specializes in full service vehicle leasing. Arval offers its customers – large international corporates, SMEs and professionals – tailored solutions that optimize their employees’ mobility and outsource the risks associated with fleet management. Expert advice and service quality, which are the foundations of Arval’s customer promise, are delivered in 29 countries by over 7.000 employees. Arval’s total leased fleet adds up to 1.200.000 vehicles throughout the world, of which 70.000 in Belgium.



  • The CFO is responsible for all financial, tax and procurement aspects of Arval Belgium and Arval Luxembourg.
  • Leads the finance teams to develop, implement and maintain reliable financial/accounting controls, reports, processes to impact positively the business performance and support decision making within the Arval governance framework.
  • Guarantees the financial integrity of Arval Belgium and Arval Luxembourg and complies with all regulations, both Group and local, through proper management, control and support, and financial reporting.
  • Interacts with the Corporate Functions on a regular basis.

Areas of responsibility

The scope is Belgium and Luxemburg for ;
  • FINANCE : accounting, management control, collections, tax and cash management
  • ALM (asset and liability management) & TREASURY MANAGEMENT
Main responsibilities



  • Team management; build, develop and manage a team (recruitment, training, role definition, objective setting & appraisal,…) to execute the tasks involved in the processes in scope.
  • Work organization; identify the adequate and efficient organization and implement the corresponding work set-up (processes, best practices, tools).
  • Risks; seek out methods and practices to minimise financial risk (major operational risks, control plan and when relevant internal or external finance related recommendations closure).
  • Strategy; provide internal assistance to the General Manager and all other Departments and Functions in Arval Belux; act as a sparring partner and as a consultant to the business and challenge existing practices to support decision making; play an active role in defining and contributing to Arval Belux strategy.


  • Ensure accurate accounting and business reporting (i.e. statutory accounts in local GAAP and IFRS Group reporting) to deliver a fair representation of the activity.
  • Fulfil financial controlling, provide reliable financial information and activity reporting to the top management, to Arval and to the Board, in line with the BNP Paribas and the Arval rules, within agreed timescales accordingly  to required internal standards and legal requirements.
  • Ensure efficient receivables collection process and manage litigations.
  • Implement and support adequate internal controls, including the monitoring of interactions with both internal and external auditors on relevant issues.
  • Follow up financial planning and budgeting processes: coordinate preparation of the yearly budget and quarterly forecasts; ensure budgets and forecasts are reliable, accurate and well presented; ensure follow-up of the actuals and revenues versus budget; check and control spending on general expenses; identify process improvements and potential reduction of costs to maximise the value and cost effectiveness of Arval Belgium and Luxembourg.
  • Monitor Arval Belgium and Arval Luxembourg’s financial management (i.e. dividend, capital, company law) and tax issues, in compliance with local regulation, with the BNP Paribas Group rules and the Arval procedures.
  • Follow-up funding and treasury management processes and ensure the compliance of ALM & Treasury Management as regards to BNP Paribas and Arval policies and procedures.
  • Contribute to the assessment of default and bad debts and validate the provisioning and cost of bad debt decision process, in compliance with the related policies and procedures
  • Overall responsibility for billing within Arval Belgium and Arval Luxembourg.
  • Provide country level support to Legal function and ensure Arval Belux financial legal requirements are met.


  • To define and maintain a Procurement strategy for Arval Belgium and Arval Luxembourg aligned with Arval Group and provides a clear framework of supply chain procurement and management.
  • To ensure full compliance with payment terms and Arval commercial requirements.
  • To train and develop the procurement manager.

Interface with other Functions

  • All Arval Belgium and Arval Luxembourg functions.

Interface with external parties

  • Manage relations with external auditors
  • Manage relations with banks
  • Manage relations with tax authorities

Reporting line and organisation

  • Reports to the General Manager of Arval Belgium and Arval Luxembourg.
  • Also reports functionally to the CFO for Arval Group
  • The CFO is a full Member of both the Arval Belgium and Arval Luxembourg Executive Committee (COMEX)

Staff & values

  • Number of staff members with direct hierarchical responsibility: 29 FTE’s;
  • Company/entity wide:  Belgium : 375 FTE’s
        Luxembourg : 38 FTE’s
  • Leadership charter : Arval, a place for people in action;
    • Stimulating people
    • Empowering people
    • Inspiring people

General requirements

  • A master’s degree in business administration, finance or economics.
  • Required experience : 10-15 years in a similar function with financial management experience.
  • The candidate will need to collaborate with all managers within the company hence a broad knowledge of the business is a plus. Good understanding of internal and external processes is an added value.
  • The candidate will come with several initiatives and ideas to improve processes, people development,…
  • This candidate will be the voice of finance and procurement in and outside our organisation.


  • Success and realizations in this mission will be strongly determined by the sound finance, tax and procurement knowledge.
  • Knowledge of the operational leasing business is a plus.
  • Strong ability to plan and to manage different projects.
  • Problem solving skills.
  • Goal-driven leader with empowering leadership skills who maintains a productive climate and motivates and mobilizes the employees.
  • Excellent mathematical, analytical, critical thinking and financial management skills.
  • Process oriented.
  • Decision making skills and adaptability to make things happen.
  • Capacities to drive the “change management” with the teams.
  • Integrity and understanding of data privacy standards.
  • Excellent communication skills. Also have the ability to communicate complex financial information to both finance professionals and non-specialists.
  • Be familiar with database technologies and software for financial analysis and reporting.
  • Fluent in Dutch, French and English.

Our offer

A challenging, diversified while stable role within a growing company with an open and dynamic atmosphere. You will receive an attractive salary complete with fringe benefits (meal vouchers, group insurance, hospitalization insurance, outpatient and dental care cover, group bonus, additional leave, company car, bike allowance, etc.).

Primary Location: BelgiumJob Type: Standard / PermanentJob: FINANCE ACCOUNTS ET MANAGEMENT CONTROLEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 10 yearsSchedule: Full-time Competency profile: Strategic Manager