Group Treasurer

Location: Either Woking or Cheltenham
Salary: Competitive salary and package
Job type: Permanent
Posted on: 20 Apr 2017

Michael Page Treasury are proud to be working exclusively with Nuvias on their newly created Group Treasurer role

About Nuvias

The world of IT is changing. The channel needs a new style of distributor to meet the demands of their customers. One that is solutions-led, flexible and adaptable. One that has been created to address the new and future needs of the IT channel.

It is our vision that by 2020 Nuvias has redefined value distribution to the IT channel. We will provide services and solutions to enable the channel and vendor community to deliver exceptional business value to customers, enabling a new standard of channel success.

Nuvias will provide a complete range of best-in-class technologies and products to enable the channel to deliver business solutions to their customers and success to their business. Nuvias will become an integrator for the channel providing a higher level of services designed to accelerate sales growth.
This common proposition will be delivered with consistent execution across EMEA.

Overall job purpose

This is a new role within the Nuvias Group bringing together the management of the Group Treasury activities into one position. The role will require overseeing the treasury activities across a newly formed group of companies, Zycko Group, Wick Hill Group and Siphon Networks. As this is a new position within a new group the first task will be to help build the new group treasury function, review current process and procedures and implement changes where required. The main emphasis for this role will be:

1. FX management
a. Nuvias is heavily exposed to FX fluctuations given that everything it sells is purchased in foreign currency
b. It sells to its subsidiaries in their local currency
c. Understanding how to manage these risks from order to cash, how this impacts the way the business sets the system rates and prices its products is fundamental to the role

2. Working capital management
a. Nuvias biggest assets are its trade debtors in the countries and therefore understanding the quality of these debtors and when monies will be received is key
b. Customer payment term management
c. Understanding all these components of working capital is key to managing the appropriate level of working capital in each business unit

3. Cash flow
a. As the group grows it will be critical to manage and maximise the business short term and long term cash flow by developing a robust forecast model and process
b. Understanding how working capital can be managed to improve the cash flow

4. Monitoring group debt facilities and covenants

5. Understand daily currency flows of both supplier and customer base with a view to develop appropriate foreign exchange and risk management framework

Skills, knowledge & experience required

  • University degree
  • ACA/ACCA/CIMA/AMCT qualified
  • Knowledge of Microsoft AX an advantage
  • Knowledge of IBM COGNS or ORACLE Cloud an advantage
  • Willingness to travel between offices
  • Knowledge of cash pooling arrangements an advantage

Find out more and apply

For more information, please contact Jessica Timelin on jessicatimelin.75721.7383@pageuk.aplitrak.com

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