Head of Treasury
January 12, 2018
Location: Croydon, South London
Salary: Highly competitive basic salary
Job type: Permanent
Posted on: 12 Jan 2018
Optivo is one of the largest housing providers in the UK with a portfolio of c.44,000 homes. Optivo is the product of a recent large-scale merger between G15 housing group Amicus Horizon and Viridian.
Optivo is recruiting a Head of Treasury to lead its treasury function. Reporting to the Director of Treasury and Commercial, and heading up a treasury team of five people, this high-profile role will provide immediate hands-on exposure to strategic treasury management activities including capital raisings, bank and investor relations, treasury risk management, and corporate finance.
With overall responsibility for the treasury function, this newly formed Head of Treasury position will have responsibility for a loan book of approximately £1.5bn, a portfolio of interest rate swaps with notional value £430m, and typical operational cash balances of £50m-£100m.
This is an excellent opportunity for the right candidate to gain career-enhancing strategic and transactional exposure in the bond markets, private placements, bank debt, debt restructuring and interest rate derivatives.
You will be ACT or CFA qualified and (ideally) a qualified accountant (ACA, ACCA or CIMA) with extensive treasury management experience. You will have demonstrable experience of treasury risk management, capital raising and debt portfolio management. You will be able to demonstrate a clear understanding of treasury products, structures, systems and financial markets. You will have the ability to confidently communicate complex treasury concepts fluently to senior management and board level stakeholders. You will be comfortable managing external bank and investor relationships on behalf of the group. You will have excellent communication and presentations skills as this role requires significant internal and external relationship management. Whilst knowledge of the housing and/or real estate sectors would be advantageous, candidates with the right treasury skill set from different industries are encouraged to apply.
This is a full time permanent position based in Croydon. Some travel will be required to other office locations in the South East.
The UK Housing Sector
The UK housing sector is dynamic and exciting workplace for both budding corporate treasurers and experienced treasury professionals. Housing associations (HAs) are generally highly geared and are major users of bank debt, long term capital markets and derivatives. The sector is going through a period of rapid consolidation, giving rise to a multitude of exciting opportunities for treasurers to gain front office experience across areas like debt restructuring, new fundraisings, interest rate risk management, and M&A. HAs are also commercialising and diversifying due to government funding and regulatory pressures, with the bigger HAs now emerging as key players in private rent and private sale markets, which is giving rise to interesting corporate finance structuring opportunities. Treasurers working in housing, which is currently at the top of the political agenda, are invariably extremely satisfied with their level of daily challenge, career reward and work life balance.
For a full role specification and a confidential discussion about this opportunity please contact Nathan Pickles (Head of Treasury Consulting) at Wharfedale Associates on 07766 137 918 or email an up to date CV to Nathan.firstname.lastname@example.org