My client, a highly-successful product-based business near Sittingbourne, is seeking a Head of Treasury to assist them during a period of sustained growth.  The ideal candidate will have demonstrable previous experience in managing bank accounts, cash balance reconciliations, currency requirements, cash flow reporting, banking and cash management facilities.

The company is a global leader in their market, a multi-entity, multi-product and multi-service organisation which has demonstrated clear growth through decades of operating. Their ability to diversify what they physically do as a business, has allowed them to become the brand of choice in a highly competitive space.

Responsibilities:

- Manage Group bank accounts, banking relationships and covenants

- Ensure cash availability for all working capital requirements within all entities and currencies
- Co-ordinate and report on Group cash balances, both historical and forecast, against established Budget parameters
- Work closely with the Purchase Ledger and Sales Ledger to co-ordinate working capital requirements

- Manage Group currency requirements and FX contracts

- Ensure availability of foreign cash for all supplier payments by management of FX contracts;
- Manage foreign currency bank payments and monitor FX exposure;
- Reconcile position of open contracts and known obligations to identify any shortfalls/excesses;
- Recommend appropriate action for identified variances to the Group FC/FD

- Ensure appropriate controls are implemented in the Group`s payment systems such as BACS and SEPA

- System roles and responsibilities clearly defined between preparers, reviewers, authorisers and administrators and notified to payment system providers where appropriate
- Overview of system roles and responsibilities maintained and updated for changes in staff; changes approved in accordance with delegated authorities
- Implementation and monitoring of limits in the Group`s payment systems to mitigate risk.

- Manage Group bank facilities and financial instruments

- Processing of investment related transactional payments to financing partners ensuring payments are valid and reconciled within framework of defined banking facility;
- Manage relationship with Finance Partners directly for required and on-going facilities, current utilisation of each facility, monthly obligations for repayment, interest and capital commitments;
- Processing of non-investment related payments including accounts payable payment runs and expense runs on BACS, SEPA and Priority, corporation tax, VAT and other ad hoc payments;
- Ensure all payments are approved in accordance with the Group`s mandates and delegated Authorities;
- Daily monitoring of cash balances and at least weekly bank reconciliation controls.

Profile:

- Previous experience of having managed a treasury and cash management function
- Knowledge of payment systems
- Able to evidence the establishment and maintenance of a strong treasury and cash control environment
- Able to evidence managing external relationships with banks and currency providers
- Have experience in communicating with middle-senior level stakeholders - confident and clear communicator
- Exposure to a product-based environment - FMCG (food, fresh produce, pharmaceuticals), manufacturing, retail, wholesale & distribution

On Offer (competitive package):

- £60k - £80k DOE
- 10% Bonus
- 4 and 1 hybrid working model
- 25 days holiday + bank holiday
- 8% pension
- Additional company schemes

Farrer Barnes Ltd does not discriminate on the grounds of age, race, gender, disability, creed or sexual orientation and complies with all relevant UK legislation. Farrer Barnes Ltd acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers.