Director of Treasury Europe (UK)

Cubillos Consulting; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player in real estate is seeking a Director of Treasury for its European operations. This pivotal role involves managing banking relationships, overseeing cash management, and leading a small team of treasury professionals. You will play a crucial part in ensuring the company’s financial health while supporting its ambitious growth plans across Europe. With a commitment to fostering a diverse and inclusive workplace, this opportunity offers a dynamic environment for professional development and career advancement. Join a forward-thinking firm where your contributions will directly impact financial strategies and operational success.

Qualifications

• Professionally qualified Treasury professional with experience in REIT or commercial real estate.
• Strong analytical skills with hands-on knowledge of property financial reporting.

Responsibilities

• Lead the European Treasury function, ensuring accurate cash forecasting and reporting.
• Manage banking relationships and oversee cash management operations.

Skills

Treasury Management

Cash Forecasting

Banking Relationships

Financial Analysis

Leadership

Risk Management

Property Financial Reporting

Education

Bachelor’s degree in Finance

CFA or Certified Treasury Professional

Tools

Kyriba

Yardi

Bank of America CashPro

JPMorgan Access

Job description

Description

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of 15,600 properties in all 50 U.S. states, the U.K. and six other countries in Europe, with a gross book value $58bn. We are known as 'The Monthly Dividend Company,' and have a mission to deliver stockholders dependable monthly dividends that grow over time. Since our founding, we have declared 656 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index, having increased our dividend for the last 30 consecutive years.

The European portfolio including the UK which has grown significantly since our first international acquisition, a £429m 12-property portfolio from Sainsbury’s in 2019. In just five years the portfolio now includes investments of over €11bn, and 483 distinct properties.

You will be joining one of the largest Real Estate Investment Trust in the world as we rapidly expand into the UK and European markets, including moving into new offices at 3 St. James Square. This opportunity will empower your career, allowing you to take on additional responsibility and challenges, whilst developing and broadening your experience; with dynamic opportunities for career growth as the company expands.

Position Overview:

The Director of Treasury, Europe will be primarily responsible for the company’s European Treasury function ensuring the maintenance of good banking relationships, accurate reporting and forecasting of cash requirements, mitigating cash management and default risk, timeliness of loan repayment, and coordinating with the acquisition/disposition of properties that require accurate cash flow tracking and recording. Additionally, the Director of Treasury, Europe will support daily wire activity, forecasting cash requirements, and keeping corporate funding and banking costs low.

Key Responsibilities:

Treasury and Cash Management

• Liaise with and support the Head Office Treasury function (based in the US) to ensure the group conforms to corporate reporting requirements and expectations of the region's operations, supporting Realty Income’s growth objectives for Europe.
• Develop and lead the European Treasury function, ensuring the maintenance of good banking relationships, accurate reporting and forecasting of cash requirements, and implementation of corporate hedging strategy.
• Lead the region’s cash and liquidity management operations. Including the day-to-day management of commercial transactional banking relationships, consolidated cash forecasting, and preparation of cash reports, including maintenance of a database of debt-related facilities.
• Review and monitor the group's cash positions in the region, managing daily cash activities and maintaining sufficient funds to meet operational requirements.
• Monitor the use and performance of capital across the region and, along with the Head of Finance, Europe, contribute to senior management meetings to ensure that returns are optimized.
• Review and appraise Credit/Risk Committee papers for the European region in relation to investment projects, bonds, and guarantees to ensure that corporate guidelines are adhered to.
• Establish/Develop Realty Income’s FX hedging program in Europe, ensuring strict governance, monitoring, reporting, and cost-effectiveness.
• Assist and contribute to the development of improved treasury policies, processes, and practices across the region’s finance activities and ensure strong communication across functions and continents.
• Support the accounting function (AP/AR/Payroll/Banking), ensuring all transaction processing and reporting are carried out accurately, promptly, and efficiently.
• Constantly monitor and improve the effectiveness of the Treasury control environment and alert the Head of Finance, Europe, of any weaknesses as they are identified.
• Lead, motivate, and develop a small team of treasury professionals. Ensure employees are highly motivated and maintain high standards.
• Assist in ad hoc queries and requests from the Head Office and the European Finance function.

REQUIRED QUALIFICATIONS:

Knowledge, Skills, and Abilities:

• Professionally qualified and experienced Treasury professional (Ideally ACT / AMCT) with prior experience in a pan-European property business.
• Suitable work experience with emphasis in REIT or commercial real estate finance industry.
• Strong technical and analytical skills, ideally with ‘hands-on’ knowledge of property financial/Treasury reporting (incl. property-owning entities, deal structures, project/development financial control, operational portfolios, etc.).
• Working knowledge of REIT industry-specific financial and operating metrics used to gauge and compare performance preferred, such as FFO, AFFO, and occupancy.
• Knowledge of software, including Kyriba, Yardi, Yardi PayScan, Chatham Financial (debt management), Bank of America CashPro, Wells Fargo CEO, and JPMorgan Access, would be an advantage.
• Experience in commercial banking, CMBS lending, or other corporate treasury-related functions preferred.
• Strong leadership qualities, experienced in managing teams and developing and motivating individuals to maximise the whole team’s capabilities.
• Experience in Functional financial acumen (e.g., ability to understand financial statements, interpret key financial performance metrics, and conduct strategic financial analysis and modelling).
• Ability to execute in ambiguous situations and take the lead without explicit instructions.
• Ability to effectively present information to senior leadership and executives.
• Fully committed with the energy, stamina and enthusiasm to fully support the ambitious expansion plans of Realty Income.

Education:

• Bachelor’s degree in Finance, Accounting, or Business Administration or equivalent work experience.
• CFA or Certified Treasury Professional designation preferred.

Our Mission & Values

For more than 50 years, Realty Income has been guided by our mission to invest in people and places to deliver dependable monthly dividends that increase over time. We do this by nurturing long-term, meaningful relationships that enable people to achieve a better financial outlook. We understand that when individuals succeed financially, they are able to provide for their families, support local businesses and pursue their greatest ambitions—creating a lasting positive impact on communities.

Realty Income is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.

Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact , or call 800-375-6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.