Treasury and Credit Manager
- London
- Permanent
- Full-time
- Develop insight and management strategies to optimise the Group Cash Flow and mitigate liquidity risks, correlating between, amongst others, foreign exchange exposure, interest rate risk and cash pooled vs non-cash pooled balances.
- Review and submit the Group's weekly actual cash reporting and rolling forecast, highlighting any key deviations from plan and any recommendations to address risks or opportunities.
- Review and finalise the monthly cashflow reforecast, providing clear variance analysis and commentary, collaboration with other internal functions to develop improvement and/or mitigation plans.
- Monitor and plan the cash pooled and non-pooled accounts and balances, optimising deposit and borrowing balances to minimise FX and interest risk through timely intercompany and transfer pricing settlements in order to meet future payment obligations.
- Review and plan the group bank facilities, account opening and/or closing, account currency and funding structures.
- Review and approve changes to user permissions, ensuring correct access privileges, maintaining segregation of duties and key internal controls.
- Develop strong relationship with corporate banks and parent treasury functions, leading on all banking and cash pooling relationship matters, annual reviews and escalations.
- Advise business on foreign exchange risk on new customer contracts, supplier agreements etc and propose mitigating strategies to minimise risk.
- Analyse and provide monthly commentary on realised and unrealised FX gains / losses, recommend and implement strategies to mitigate future exposure.
- Work with bank and parent company on FX mitigation strategies, including the execution and management of forward exchange contracts, hedges and non-GBP balance swops.
- Work closely with the Financial Shared Service team to validate monthly valuation accounting on any FX instruments (Hedges, swops).
- Provide monthly insight reports on current liquidity and FX exposures, future trends and FX forecasts.
- Work closely with Group Finance and Group Tax, identifying opportunities to optimise the Group Entity's intercompany & external debt, liquidity and equity balance sheet positions.
- Manage the Group funding and investment process, including dividend planning, share capital injection and intercompany settlements.
- Responsible for the Group Credit Policy and adherence across the Group entities.
- Manage the group credit risk, collaborating with internal teams, credit insurers and third-party rating agencies to ensure credit risk exposure and mitigation is both planned and controlled.
- Lead the relationship engagement with the Group credit insurers, negotiating and ensuring suitable credit insurance coverage across all markets, managing policy conditions, claims, escalation, notifications and credit insurance costs.
- Review, validate and endorse credit limit extension requests, and submit for approval in accordance with delegated authority matrix.
- Work with key stakeholders to develop and report key credit risk KPIs, highlighting any risks and mitigation actions.
- Preparation and distribution of a periodic Global ADR report highlighting regional risks including risk mitigation recommendations to CT Credit Committee comprised of EXCO members.
- Provide recommendations for improvements to internal processes and accounting procedures.
- Ad hoc activities and projects, as needed
- Certified Treasury Professional (CertTF) and/or ACA/CIMA/ACCA designation is a must
- Strong banking relationship and bank facility understanding
- Proven relevant cash/ credit management experience, working in a multi-currency environment
- Experience in Group cash pooling, centralized treasury and foreign exchange hedging
- Strong understanding and experience in intercompany process and group funding requirements
- Experience in managing credit insurance programs and credit risk policies
- Good working knowledge of UK Accounting Standards
- Experience in managing global process development, credit, collections, and projects in an Muti National Company (MNC) environment is desirable
- Experience in the Luxury sector and/or FMCG is desirable
- Deadline oriented with a commitment to accuracy
- Good time management and organisational skills
- Keen attention to detail
- Independent thinker and driven to achieve best results
- Advanced MS Excel and ERP systems skills. NetSuite experience is desirable.
- Excellent communication skills
- Ability to prioritise and provide follow up in a fast-paced environment
- Be a part of this values driven, high growth, magical journey with an ultimate vision to empower everyone, everywhere to be the best version of themselves
- We're a hybrid model with flexibility, allowing you to work how best suits you
- 25 days holiday (plus bank holidays) with an additional day to celebrate your birthday
- Inclusive parental leave policy that supports all parents and carers throughout their parenting and caring journey
- Financial security and planning with our pension and life assurance for all
- Wellness and social benefits including Medicash, Employee Assist Programs and regular social connects with colleagues
- Bring your fury friend to work with you on our allocated dog friendly days and spaces
- And not to forget our generous product discount and gifting!