Rutherford Cross is delighted to launch the search for a Corporate Treasurer, on behalf of Edrington, a privately owned international spirits company headquartered in Glasgow, Scotland. The company is a producer of single malts, with The Macallan being the central focus.
Edrington employs over 3,500 people, with over 70% employed overseas. The success of their strategy is based on the skills and dedication of every person in the business, from distillation and coopering to brand and commercial management teams.
Reporting to the Group Finance Director, the Corporate Treasurer is a critical position, responsible for developing and delivering the Treasury strategy and operational Treasury management for the Group. The individual will have important stakeholder management responsibilities across multiple business functions and externally, they will also lead the development of global shared service centres and the implementation of systems and processes to support this. With three direct reports and eleven indirect reports, key accountabilities include cash management across the Group, cash forecasting, liquidity management, facility management, intercompany funding, foreign exchange management, treasury accounting and reporting, banking relationships and administration, and all associated supporting processes and controls.
Responsibilities
- The role is responsible for the Group Treasury strategy which includes:
- Foreign currency exposures
- Interest rate hedging
- Financing of the business
- Global credit policies
- Developing and implementing global treasury policies, procedures and control framework and ensuring global compliance
- Developing and enhancing relationships with external suppliers of finance
- Negotiating and leading the re-financing of group banking facilities and new private placement lending
- Ensuring ongoing compliance with borrowing facilities and agreements and treasury requirements as defined by all other relevant regulatory authorities
- Negotiating and securing finance for global distribution entities, provision of transactional banking and associated guarantees and supplier trade finance agreements.
- Delivering high quality global cash forecasting and reporting to support business decision making
- Advising on and implementing interest and foreign exchange hedging activity to manage group exposure
- Leading the financing of any acquisition or change in corporate structure
- Identifying ways of simplifying hedging and banking strategies
- Ensuring efficient and timely day to day cash management
- Developing and growing shared service centres globally with the implementation of systems and standardised processes and robust controls
- Technical expert on all technical treasury matters and point of contact for internal stakeholder queries
- Preparation and presentation of technical papers for quarterly Treasury Committee and other ad hoc committee or board meetings.
- Review of group cash flow statement and treasury numbers within monthly KPIs and preparation of treasury numbers for plan, forecast and disclosures for statutory accounts in accordance with the provision of IFRS standards
- Maintaining an in-depth knowledge of the latest technical developments
Candidate Requirements
- Qualified accountant
- Treasury qualification (ACT, or MCT)
- Prior leadership experience within a Corporate Treasury function
- Advanced technical knowledge of hedging and financing
- Have a track record of working effectively in senior teams and influencing decisions
How to apply
To discuss in confidence please contact the retained advisor, Amy Peoples - amypeoples@rutherfordcross.com or 07494280152. Please note all third party applications will be passed to Rutherford Cross.
