Treasury Specialist
Following reviews over the over the last few months the European Head of Finance has developed a roadmap for the European Finance function which will ensure that we are “fit for purpose” as the European businesses continue to grow. A key element in this roadmap is the recruitment of a Specialist who will help improve our cash management process and planning across the European region.
This is a key finance role and would provide an excellent development opportunity for a Qualified Accountant aspiring to be a Corporate Treasurer. The Treasury Specialist will have responsibility to develop a Treasury strategy that will deliver excellent results. In addition to treasury experience is an interest in treasury and tax matters. You will be a fully qualified accountant, preferably with a degree in a finance discipline.
Job Description:
- Produce quarterly board reports on investment portfolio
- Balance sheet and working capital management
- Development, refinement and operation of cash flow model for all the European businesses
- Analysis and reporting of cash flow forecasting variances
- Managing short-term and medium-term Money Market Investments
- Monitoring and maximizing investment income on multi-currency cash positions in compliance with the CBFA
- Reviewing inter-company funding to identify and document long-term funding requirements
- Managing multi-currency exposures as required in order to minimize FX losses
- Monitoring and reporting FX impact on inter-company debts
- Produce meaningful Monthly Treasury Reports for the European region
- Management of a multi-currency cash pooling structure
- Set-up MBTI arrangements and investment portals with all our relationship banks
- Champion and deliver ad hoc cash management projects in response to business growth
- Manage relationships with custodial banks and long-term asset managers
- Assisting and monitoring the reporting of long-term financial instruments
- Making tax re-claims on Eurocurrency bond income
- Co-ordinate the credit rating process and managing the AM Best credit ratings model
- Assist the Tax Manager with the preparation of UK VAT returns
Job Requirements:
- Excellent understanding of cash flow modelling and reporting
- Excellent understanding of financial instrument reporting [IAS 39/IAS 32/FRS 26/FRS 25]
- Solid Treasury experience preferably in a finance services industry
- Strong ability to manipulate statistical data
- Ability to deal with colleagues at very senior level
- Have good organisation and project delivery skills to implement complex treasury models
Profile of Candidate:
- You will be a qualified accountant [ACCA/CIMA or equivalent] preferably with a degree in a finance discipline
- Minimum 4 to 5 years experience in a Treasury function
- Excellent communication skills and well organised with a flexible approach to work
- Strong experience in FX risk management
- Strong analytical and board reporting skills
- Quantitative background and experience in developing Treasury models
- Strong proficiencies in Excel, PowerPoint, Word, Access
- Solid exposure in multi-currency international businesses
- Excellent understanding of financial products and markets at international level
If you would like to apply for this position, please submit a written application in the form of a current CV and covering memo outlining your suitability for this role to Shakheel Gooroochurn - HR Department, 1 Knowe Road, Greenock PA15 4RJ. Alternatively, you can apply online at UKRecruitment@CIGNA.com.
Please note the closing date for applications is Monday 9th June 2008.