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Group Treasurer

Job Title: Group Treasurer
Contract Type: Permanent
Location: Witney, Oxfordshire
Salary: Negotiable
Start Date: asap
Duration: Perm
REF: PP/CK/GroupTreasurer_1620321206
Contact Name: Caroline Kennedy
Contact Email:
Job Published: over 1 year ago

Job Description

Group Treasurer


Based 2 to 3 days in Witney

We are currently recruiting for a Group Treasurer to join our busy Team based in Witney.

The Group Treasurer will lead all aspects of the group's treasury activity, manage the AR function including driving collections and related quote to cash (Q2C processes). Responsible for all aspect of the Group's treasury operations (inc. liquidity management, FX exposure management, senior debt and banking relationships, investments, merchant acquirer and credit card facilities). Drive the evolution of the AR function to support the Sales organisation, working closely with Sales Support.

Responsibilities: Group Treasury

  • Accountable for liquidity management through maintaining a short-term cash flow and treasury forecast model. Reviews long term cash forecast prepared by FP&A.
  • Work with the Group Controller, CFO and private equity backer to ensure sufficient funds are available to meet working capital and capital investment requirements (£160m of senior debt and £210m of PE investment).
  • Responsible for developing and applying the group's cash investment and FX hedging policies to get an appropriate return on cash balances held and to protect the gross margin at booking (FX trades of £5-10m per month going out 12 months).
  • Maintain systems to support cash investment and FX hedging (eg 360T and Chatham direct).
  • Maintain credit card and merchant acquirer facilities. Limit the amount of chargebacks.
  • Maintain compliance with covenants and commitments under the Groups SFA and to the CAA.
  • Production of bank covenant reporting and collation and delivery of monthly, quarterly and annual compliance packs.
  • Accountable for the reconciliation of all group bank accounts (over 50 including currency accounts for UK and US businesses held separately).
  • Provide treasury reports and KPI's.
  • Provide operational banking including oversight of the management of access and approval levels.

Accounts Receivable

  • Responsible for the accounts receivable function (consolidating activities under the Group Controller role).
  • Drive collections to terms and oversee all daily cash processing.
  • Responsible for client refunds.
  • Maintain financial oversight of quote to cash processes and drive for improvement to make processes efficient and scalable including those that relate to travel agents and other B2B partnerships. (c£350m turnover when business as usual).

Insurance and risk management

  • Support the Group FC in the development of the groups risk management and insurance programmes.

Team Management

  • Responsible for the productivity and efficiency of the team through consistent management of performance and regular feedback.
  • Conduct 1-2-1s and quarterly performance reviews with individual team members to provide support and identify development/training needs.
  • Set and review objectives for team and create development plans.
  • Create a culture of engagement, collaboration and open communication within team.

The successful Group Treasurer will have:

  • Strong treasury experience relevant to role.
  • FX management and hedging experience.
  • Experience working and contracting with merchant acquirers.
  • Experience of managing, leading and developing teams.
  • Qualified ACA, ACCA, ACT or equivalent.
  • Self-motivated with an eye for detail.
  • Pro-active and able to use own initiative.
  • Flexible team player able to operate to board level but also willing to do hands on work.
  • Able to work to tight deadlines & within a busy environment.
  • Excellent people management, development and coaching skills.
  • Strong numerical and problem-solving skills.

To apply for the Group Treasurer please send your CV to

Project People is acting as an Employment Agency in relation to this vacancy.