Treasurer

Location: London
Salary: £60,000 - £80,000
Job type: Permanent
Posted on: 1 Dec 2016

My client is an international company within the insurance industry, following a recent restructuring they are looking to recruit a Treasurer for their finance team. This individual will have responsibility for the delivery of group wide capital management, aiding transformation of Group Finance operations and driving culture change across integrating activities. As well as driving collegiate interaction across the wider finance community.

Key responsibilities

Capital management:

  • Cash and liquidity management, including pooling and up-streaming
  • Cash forecasting and budgeting for consolidated group and UK entities (including HSL)
  • Investment and interest rate and FX hedge management
  • Develop processes, policies and SLAs for capital management activities

Accurate and timely reporting and analysis:

  • Financial Control Working Group pack
  • Service entity (HSL) payments
  • Weekly cash flow and liquidity

Responsible for deal entry:

  • Treasury investments
  • Counterparty concentration risk analysis

Group intercompany:

  • Progress and police the standardisation of banking counterparties used
  • Progress a more automated and robust cash pooling process
  • Ensure intergroup loans are up to date and proactively managed for opportunities to centralise group monies

Shared services:

  • Managing working capital, and supporting budgeting for entity
  • Allocations of central costs (budget and actuals) and embedding processes
  • Develop central processes in line with strategic direction

Support group wide change initiatives as required

Key accountabilities

  • Compliance statutory reporting (FAR)
  • Effective delivery of monthly management accounts and other reporting (lender presentations) (FAR)
  • Timely and effective delivery of material and general support to the Audit Committee (FAR)
  • Timely and effective delivery of the annual budget and any reforecast and Medium Term Plan as required (FP&A)
  • Development of standardised month end procedures and control enhancement
  • Development of effective reporting to governance groups
  • Timely and accurate investment deal execution and outputs
  • Issue identification and solution development through effective analysis
  • Effective cash flow forecasting and working capital management
  • Control over bank account opening
  • Effective leadership of the individuals reporting to the jobholder
  • Remain compliant with FCA requirements at all times
  • Obtain appropriate approvals to ensure compliance with company policy, procedures and regulatory requirements/rules, with regards to data protection, money laundering etc.
  • Share ideas, best practice and other information within the team
  • Ensure that own performance, HR and T&C records are up to date and meet the Company’s requirements
  • Maintain accurate records and deal with correspondence appropriately

Experience and qualifications required

  • ACA or ACCA qualified
  • Demonstrable experience in front office deal execution
  • Good knowledge of group treasury processes including pooling, working capital and hedging
  • Demonstrable experience of timely and accurate management and financial accounts production
  • Exposure to business partnering senior stakeholders
  • Working knowledge of IFRS / UK GAAP
  • Ability to prioritise effectively
  • Thorough knowledge of the insurance intermediary business model
  • Working knowledge of UK tax
  • Working knowledge of the banking market and of relevant products and services provided
  • Understanding of the systems, including Anaplan and SUN GL, on which the Group Finance function depends
  • Working knowledge of the UK regulatory environment as it affects the Group, primarily but not limited to the FCA regime and customer conduct issues including the client money rules
  • Strong organisational and communication skills and ownership of outputs and deliverables

Find out more and apply

Please contact Rachael Crocker at Brewer Morris at RachaelCrocker@brewermorris.com.

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