Treasury Dealer

Recruiter
Anonymous
Location
Warrington
Salary
Competitive
Posted
09 Nov 2016
Closes
02 Dec 2016
Sectors
Accountancy
Contract Type
Permanent
Hours
Full Time
Rullion Engineering Limited are currently recruiting on behalf of a large Utilities company based in the Northwest for a Treasury Dealer on a permanent basis. We have been providing our client with experienced Individuals for over 10 years helping to deliver a high number of projects within the Industry.

Job Purpose
* We have a fantastic opportunity for a Treasury Dealer to join our Treasury team. As Treasury Dealer, it will be your role to deal with the operations of the business, alongside other treasury related activity. You will be required to maintain the liquidity within each of the cash pools under management via external bank lending and efficient management of intercompany funds across the group. This ensures there are no cash shortfalls allowing essential payments to be made so that insolvency of the group is avoided, and that licence conditions are not breached through the unauthorised lending of funds across the group.
* Within this role, you would also be involved with the wider team which manages the financing of the business and associated financial risk management. This often involves complex financial instruments to hedge currency and interest rate exposures. The business has gross debt of over GBP6bn billion and its borrowing needs continue to expand to fund the essential delivery of capital investment programmes. You will need to seek to arrange efficient funding on the best possible terms with reference to underlying market conditions.
* You will need to manage relationships with our credit investors (bondholders), commercial lending banks, the credit ratings agencies, and the European Investment Bank. Treasury implements and monitors hedging programmes of financial risk, such as hedging the client's interest rate exposure for each regulatory period.

Job Accountabilities
* Ensure that the group's cash is invested as efficiently as possible to maximise shareholder value.
* Liaise with banks for the purpose of, but not limited to, calculating and agreeing MTM collateral positions, indexations, settlements and daylight exposure limits. Dealing complex treasury instruments such as interest rate & FX swaps.
* Understand the extensive documentation internally & externally that defines the mandate under which they are operating.
* Deep understanding of the treasury management system in order to, among other things, design reports, set up new processes to cope with changing circumstances & improve efficiency.
* Produce and collate complex monthly treasury management information in relation to market risk, credit risk, liquidity risk, capital risk and dealing operations (with quarterly reporting to the treasury committee) which requires a deep understanding of Access databases.
* Assisting in the drafting of papers to the treasury committee and representing treasury risks through the Business Unit Risk Assessment forum to be presented periodically to the Audit & Risk committee.
* Maintaining compliance with covenants within treasury loan agreements to ensure default clauses are not triggered. Requiring liaison with, and giving comfort to, senior management for sign off.
* Providing support on ad hoc projects such as, but not limited to; project finance, preparing for EMIR reporting requirements for derivatives, reviewing opportunities in the 'treasury' field requiring technical understanding and consideration of wider commercial impact.

Knowledge and Skills
* Qualified accountant.
* Educated to Graduate Level.
* The ability and commitment to study towards the Association of Corporate treasurer exams.
* Strong numeric background.
* High level of accuracy and attention to detail.
* Excellent analytical and problem solving skills.
* Risk aware.
* Focused on quality and results Display a high level of flexibility and initiative.
* Strong IT skills.
* Demonstrable strong analytical/mathematical skills, with a high degree of commercial understanding.
* Excellent verbal and written communication skills, capable of operating at all levels within the organisation and inspiring confidence to senior management level.
* A team player who can meet deadlines and work effectively under pressure, delivering high quality output.
* Organisational skills and an ability to prioritise workload are essential requirements of the role.
* An ability to work under own initiative and be able to display a high level of flexibility.

Desirable Criteria
* Extensive experience of working with access and excel.

Should your application be successful and you are offered the role, a number of pre-employment checks need to be carried out before your appointment can be confirmed. Any offer of employment with our client will be subject to a satisfactory checking report from the Disclosure Scotland / the Disclosure and Barring Service

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