We have been mandated by a leading UK Energy name that is looking for someone to lead their Cash Management team. This role will oversee two junior team members who will help manage the £16billion in cash, receipts and revenue that comes through the retail arm of the organisation.
Job Purpose
To manage and optimise the company's cash and liquidity across the Group. This involves ensuring effective collection and payment processes, managing pooling and netting arrangements, and overseeing transaction systems like bank accounts and credit lines. The goal is to balance cost efficiency with maintaining sufficient liquidity, working closely with internal teams and external partners. Additionally, you'll be responsible for short-term cash forecasting to support liquidity risk management.
Main Responsibilities
* Daily Cash Operations:
* Handle day-to-day cash activities, including collections and disbursements.
* Manage existing cash funding facilities to cover any cash surpluses or shortages.
* Oversee trade finance credit facilities and related transactions.
* Maintain and supervise treasury systems and systems infrastructure.
* Cash Forecasting & Liquidity Planning:
* Prepare and oversee a rolling daily cash forecast for all entities.
* Develop short-term cash forecasts to ensure liquidity needs are met.
* Ensure the company always has enough liquidity buffers in place.
* Reporting:
* Produce reports on cash flow and liquidity for internal management and external stakeholders.
* Stakeholder Relations:
* Work together with internal teams and external partners such as banks to optimise funding costs.
* Help develop and maintain good banking and financing relationships.
* Collaboration & Support:
* Partner with internal departments and external parties like banks and suppliers.
* Support the treasury team with additional tasks as required.
* Additional Duties:
* Demonstrate company values in all activities.
* Take on other reasonable tasks as needed.
The role comes with a competitive package based on experience and fit for the role