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Head of Treasury

Head of Treasury

Job Title: Head of Treasury
Contract Type: permanent
Location: Hertfordshire
Salary: £80000 - £100000 per annum
REF: GBHOTREA1211_1636738403
Contact Name: Guy Barwell
Contact Email:
Job Published: 17 days ago

Job Description

Head of Treasury
Competitive + Car + Bonus + Benefits

Vitae Financial Recruitment are proud to be partnering this market leading business with revenues in excess of £1 Billion. The role will be tasked with ensuring the Group has adequate funding, maintains relationships with key stakeholders and the Group complies with loan documents. Full ownership of stakeholder management, lender compliance and cash management.

*Own, manage and develop relationships with Banks, Credit Rating agencies and investors
*Ensure compliance with loan documentation, including ownership of covenant reporting, lender reporting
*Develop and maintain Treasury policy and processes
*Optimise net cashflows, ensuring the company is well funded through:
oMaintaining and developing accurate short term (13 week) cash forecasts
oDeveloping a medium-term forecasting model
oLead reviews and provide insight on weekly, monthly and annual cashflows (as appropriate)
oDrive education and understanding of the importance of cashflows across the Group
oMinimise the requirement to drawdown on the RCF, by liaising with the business to smooth out cashflow profiles
oManage and optimise cash "sweep" mechanisms
*Day to day Treasury: Ensure best practice in all aspects of Treasury management covering cash management, facility drawdowns, inter-company funding and bank account opening and closing
*Minimise interest outflows by insuring covenant metrics are optimised on quarter dates via good cash management.
*Provide expert advice to Group operating companies on Treasury and funding issues

oDevelop system based 13 week cash forecasting system, moving away from (manual) spreadsheet based forecasting
oLead on Cash Management RFP and selection of lead bank
oAssist Head of Tax in corporate rationalisation project
oLiaise with investors on any refinancing
*Group audit: work hand in hand with the Group finance teams and external auditors for a smooth audit process.
*Supporting the M&A teams and acquired business into the Group.
*Coach, develop and manage a Treasury Assistant within the function.

Measures of Success:

Cash Management:
*Selection and implementation of new cash provider
*Limited drawings on RCF
*Reduction in cash forecast variances by division and Group
*Regular schedule of compliance with loan documentation
*Lenders and rating agency reports (and scripts if necessary) ready to be submitted a week in advance of deadline
*Delivery of system based 13 week and longer-term cash forecasting process
*Selection of new cash manager
Relationship building:
*Regular meetings diarised with existing and potential banks and lenders
*Clear understanding through metrics of how to improve Credit Rating
Key Skills and qualifications required:
*Full or part ACT qualified
*5 plus years within a respected Treasury function
*Strong cash management and cash forecasting skills
*Demonstration of managing and developing internal and external relationships
*Committed team player with a proven ability to meet deadlines ahead of time
*Excellent written and verbal communication skills
*Ability to analyse and interpret issues and present in a logical manner
*Strives for excellence, producing high quality reports and insight
*Hands-on self-starter, with proven evidence of continuous improvement
*A desire to play a part of a growing and expanding business within a dynamic Finance team.

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