AGR are working closely with our Aberdeen-based client to recruit a Head of Treasury to join its team on a contract basis. This role is eligible for hybrid working.
About the role:
Reporting to the CFO, the Head of Treasury is responsible for leading the Treasury and Accounts payable teams.
The role is responsible for ensuring that the client efficiently manages it liquidity, pays vendors on time, identifies and reduces FX and Commodity risk and operates within the parameters set in the Treasury Policy.
Key duties and responsibilities:
* Part of the Finance Leadership team involved in setting the strategy for the Finance function
* Accountable for managing Spirit Energy’s liquidity and cash balances including instigating deposits, optimising the banking footprint and ensuring availability of adequate working capital facilities
* Alongside the Commercial Team, jointly responsible for the management and optimization of bank guarantees, parent company guarantees and letters of credit, bank accounts and escrow accounts including the Decommissioning Security Agreements
* Accountable for managing intercompany loan positions, cash centralisation and dividends while maintaining the integrity of the inter-company loan matrix and ensuring compliance with legal and operational guidelines
* Responsible for the integrity of all accounting for our client
* Responsible for identification, execution and management of FX and commodity hedges to mitigate currency risk within the Company’s operations and financing structure.
* Manage processes, policies and controls to support robust reporting, ensure timely and effective financial / management reporting and relevant forecasting of treasury activity and hedge positions to the CFO and the Board
* Ensure all ledgers are maintained, supplier and customer reconciliations and reports are completed accurately and on time (for example GRIR)
* Responsible for the aged creditors, to ensure no monthly/year-end surprises, and co-ordinate the aged debt and aged creditor review with the wider Finance Operations team
* Ensure issues are resolved quickly for all internal and external stakeholders
* Lead the annual reviews of the Treasury policy, Commodity Hedging Policy, Treasury and Banking delegation of authority, bank mandates and bank portal access
* Ensure the integrity of the Treasury management system, Medius AP system and all banking systems
* Always seek improvement in process or systems to further minimise costs and increase efficiency in the function
* Build and maintain positive working relationships with Shareholder Treasury Functions, banking relationship managers and any other key stakeholders
* Leads the performance management process across their team; is clear on the strategic objectives of the organisation and communicates/clarifies the role their team plays in their delivery; ensures every employee has clear goals and objectives and are provided with continuous feedback in a timely, honest and constructive manner
At AGR we are committed to finding the best fit for our team, building a unique and exciting environment. Even if you don’t meet every requirement below but you feel you have something to bring to the table please still apply or get in touch with a member of our recruitment team.
Key Technical Skills:
* Full understanding of accounting standards for statutory and management reporting requirements and practical application.
* Full understanding of corporate governance and regulatory guidelines and practical application.
* Expert knowledge of relevant business processes end to end.
* Translates the business strategy into actions considering the trends of the internal and external environment and their impact on business performance.
* Strong controls & data integrity focus.
Technical skills/Qualifications:
* Accounting qualification (ACCA, CIMA, ICAEW, ICAS)
* Relevant University Degree
* Association of Corporate Treasurers qualification
All candidates must hold the right to work in the UK