Senior Treasury Manager - Project & Asset Finance

[axr] Recruitment & Search; Sydney; On-site; AUD 180,000 - 280,000; Full time

Job summary

axr Recruitment & Search is seeking an experienced treasury leader to oversee a hands-on, high-growth treasury function in Sydney. The role focuses on operating facilities, forecasting, hedging, and covenant reporting within a scale-up environment.

You will manage cross-functional cash management, reporting to lenders and investors, and drive process improvements across treasury systems and controls. Strong project financing background and FX/derivatives experience are essential.

Qualifications

• 5+ years across corporate treasury, project finance operations or structured finance.
• Experience with project or asset-level financing, not just group facilities.
• Ability to update and reconcile covenant models with reporting.
• Working knowledge of FX and derivatives, ISDA confirmations and hedge accounting support.

Responsibilities

• Manage existing facilities day to day: terms, rate sets, interest accruals, fee amortisation, monthly covenant certificates and lender reporting.
• Run the cash waterfall: facility payments, transfers to liquidity accounts, reconciliations and minimum balances.
• Own weekly funding and cash forecasting across project-level and corporate needs, including FX considerations.
• Manage hedging operations: confirmations, settlements, ISDA docs, valuations and hedge accounting support.
• Maintain/update the covenant model and produce monthly lender/investor reporting.
• Oversee bank guarantees, counterparty credit reporting, KYC and treasury controls.
• Lead treasury management system implementation, automated feeds and straight-through processing.

Skills

Treasury management

Cash forecasting

FX hedging

ISDA knowledge

ERP/treasury systems

KYC controls

Tools

ERP systems

Treasury platforms

Banking software

Job description

This isn't a role about raising the debt. It's about everything that happens once the money's drawn.

• Reporting to GM Treasury
• Broad role in Treasury - join a fast-growing company at early stage
• Sydney CBD based

Overview

We're working with a business at the centre of the digital and energy infrastructure build-out, operating in a sector absorbing very large amounts of capital right now. The financing is constant, and the assets are significant. What the business needs is someone to run the treasury function that sits behind those facilities properly, and to build the processes that will hold as it scales.

It's a hands-on operational treasury role with genuine technical depth, and the person who takes it will end up knowing the underlying business model better than almost anyone.

The role

• Manage the existing facilities day to day. Key terms, rate sets, interest accruals, fee amortisation, and the monthly compliance cycle including covenant certificates and lender reporting
• Run the cash waterfall. Facility payments, transfers to and from liquidity accounts, controlled account reconciliations and minimum balance requirements
• Own weekly funding and cash forecasting across project-level and corporate requirements, with the FX that goes alongside it
• Manage the hedging operations. Confirmations, settlements, ISDA documentation, valuations and hedge accounting support, working with the GM Treasury on strategy
• Maintain and update the covenant model, and produce the monthly reporting that lenders, equity investors and SPV arrangements require
• Bank guarantees, counterparty credit reporting, KYC and treasury controls
• Lead the treasury management system implementation, automated bank feeds and straight-through processing

What we're looking for

• Five or more years across corporate treasury, project finance operations or structured finance
• Project or asset-level financing experience, not just group facilities. This is the requirement that matters most. If you've managed a real facility with real CPs, a real waterfall and real covenant tests, you'll recognise this role immediately
• Comfort with the financial model. You'll be updating covenant models and reconciling them to reporting, so this needs to be a strength rather than something you delegate
• Working knowledge of FX and derivatives, ISDAs, confirmations, settlements and hedge accounting support
• Strong systems capability across ERP, banking platforms and treasury systems, and an interest in automating what's currently manual
• Control discipline and attention to detail. A lot of what you produce goes to lenders, so accuracy is the baseline

Worth being direct about one thing. This is an operational treasury role rather than a transaction one. If your background is entirely on the bank side and what you want is deal execution, this probably isn't the right fit.

Why apply

• A business growing quickly in a sector with global relevance and very few precedents
• Real ownership. You'd be building the treasury function rather than maintaining someone else's
• Founder-led, accessible leadership, and decisions that get made in days rather than quarters