A new centralised role replacing the existing treasury committee with a single role covering overall responsibility for the Group’s treasury strategy, policies and procedures including reporting to the executive committee, audit committee and/or Board.
Responsibilities include: Prepare annual Board report and oversee treasury policies management and development. Ensure governance is in place for the segregation of corporate and non-corporate funds and where required, for non-corporate funds, ensure safeguarding is in place. Certify covenants where required (banking facilities or defined benefit pensions). Ensure subsidiary funding is adequate, particularly with regulatory capital requirements. Maintain and develop relationships with: All banks, being the primary operational contact. Trustees of the defined benefit pension scheme. Other finance colleagues to ensure treasury activities and corporate activities are aligned to the group’s strategic objectives. Improve profitability (maximise income, minimise costs): Input into the overall plan process setting ambitious targets as owner of interest income, interest costs, banking fees and related payment processing costs. Review investment options for cash balances balancing return against risk. Cost management bank & other treasury related service providers. Operational activities include: Liquidity management across the group (including drawdowns / settlement of group facilities and the Prepayment trust). Manage, monitor and update bank mandates and delegated authorities. Issue and maintenance of guarantees and Standby Letters of Credit. Oversight of appropriate administration of all bank accounts, including opening & closure of accounts, new signers and maintaining related records (mandates). Work with Finance systems team to ensure appropriate management of on-line banking portals including appropriate allocation of user’s entitlements. Approve payments, SCFs and other treasury activities where required. Minimum Requirements: Professional finance or treasury and cash management qualifications required. Previous experience of treasury an advantage. Able to evidence managing relationships (with banks or pension trustees) an advantage. Able to evidence the establishment and maintenance of a strong control environment. Able to prioritise competing demands, manage delivery and solve problems in creative and practical ways. Excellent communication skills: ability to argue persuasively and influence others. Demonstrates integrity, honesty, and reliability.
#J-18808-Ljbffr
Responsibilities include: Prepare annual Board report and oversee treasury policies management and development. Ensure governance is in place for the segregation of corporate and non-corporate funds and where required, for non-corporate funds, ensure safeguarding is in place. Certify covenants where required (banking facilities or defined benefit pensions). Ensure subsidiary funding is adequate, particularly with regulatory capital requirements. Maintain and develop relationships with: All banks, being the primary operational contact. Trustees of the defined benefit pension scheme. Other finance colleagues to ensure treasury activities and corporate activities are aligned to the group’s strategic objectives. Improve profitability (maximise income, minimise costs): Input into the overall plan process setting ambitious targets as owner of interest income, interest costs, banking fees and related payment processing costs. Review investment options for cash balances balancing return against risk. Cost management bank & other treasury related service providers. Operational activities include: Liquidity management across the group (including drawdowns / settlement of group facilities and the Prepayment trust). Manage, monitor and update bank mandates and delegated authorities. Issue and maintenance of guarantees and Standby Letters of Credit. Oversight of appropriate administration of all bank accounts, including opening & closure of accounts, new signers and maintaining related records (mandates). Work with Finance systems team to ensure appropriate management of on-line banking portals including appropriate allocation of user’s entitlements. Approve payments, SCFs and other treasury activities where required. Minimum Requirements: Professional finance or treasury and cash management qualifications required. Previous experience of treasury an advantage. Able to evidence managing relationships (with banks or pension trustees) an advantage. Able to evidence the establishment and maintenance of a strong control environment. Able to prioritise competing demands, manage delivery and solve problems in creative and practical ways. Excellent communication skills: ability to argue persuasively and influence others. Demonstrates integrity, honesty, and reliability.
#J-18808-Ljbffr
