Treasury Analyst

Hutcheon Mearns Ltd; Aberdeen City; Remote; GBP 40,000 - 55,000; Full time

Job summary

A global oil service company based in Aberdeen is seeking a Treasury Analyst to manage bank guarantees and provide treasury support. The role includes analyzing project cashflows and liaising with banks. Candidates should have a relevant degree and some treasury experience. Flexible hours and a comprehensive benefits package are offered.

Benefits

Hybrid working

Flexible hours

Excellent benefits package

Qualifications

• Degree qualified with a relevant background.
• Experience in Treasury operations preferable in Group Treasury.
• Some experience in bank guarantees required, though training will be provided.

Responsibilities

• Manage issuance and maintenance of bank guarantees.
• Provide treasury advice on cashflows and risks.
• Support tender teams with bank guarantee advice.

Skills

Experience in Treasury operations

Understanding of bank guarantees

Ability to analyze cashflows

Education

Degree qualified in a relevant field

Job description

Overview

Hutcheon Mearns is working with a global oil service company to hire a Treasury Analyst on a full time, staff basis to join their Aberdeen based team.

The Opportunity

Situated within an established and sociable team, you will be responsible for the issuance and maintenance of bank guarantees across the group. You will also play an active role in tenders, providing guidance and support for managing risks associated with cashflow, credit, foreign exchange, commodities and hedging requirements and bank guarantee solutions for the group.

Responsibilities

• Provide guidance and support on the review of potential bank guarantee text (performance / bid bonds / advanced payment bond) at tender stage of projects with the global business and working with the banks. This will include:
• Reviewing and providing advice on appropriate bank guarantee wording to tender teams and subsequently the client
• Identifying and engaging with suitable banks and sureties, reviewing guarantees and providing feedback and pricing
• Provide advice on contracts in relation to bank guarantees
• Include the appropriate cost inclusion for new project tenders
• Arrange for the issuance of new bank guarantees in a timely manner
• Maintain the global guarantee register
• Maintain proactive communications with businesses and project teams to identify and implement required amendments / extensions / cancellations of existing bank guarantees
• Provide cost of bank guarantees to the businesses
• Own the bank guarantee fee payment process

• Assist in developing, testing and implementing process improvements to automate the guarantee process and activities such as the implementation of a trade finance system

Business partnering

• Support the business with Treasury advice such as:
• Analysing and providing advice on potential project cashflows
• Validating pre and post cash flow & currency exposures, including determining a hedge cost with the potential to execute such hedging, and internal financing charges for use of the Group’s balance sheet
• Validating pre and post commodity requirements and exposures, including determining a hedge cost with the potential to execute such hedging
• Analyse the viability of prospective clients
• Banking support on behalf of project/country including the opening of bank accounts, liaising with existing and local banks on products and services

• Perform client and supplier creditworthiness assessments and ensure maintenance of internal credit risk registers
• Align business processes in the region with the Group Treasury Guidelines for best practice.

Background and Experience

• Degree qualified with relevant background
• Experience in Treasury operations preferably in Group Treasury, with a desire to learn in a new area of Treasury
• Some experience in bank guarantees required although training will be provided
• A basic understanding in reviewing and negotiating contracts is desirable

Benefits

Our client offers hybrid working, flexible hours and an excellent benefits package.

Next Steps

To submit your CV for review, or arrange a confidential discussion, please contact Lois Dobbie on 07841 032760 / [e-mail].

Only candidates eligible to work in the UK will be considered for this position as no sponsorship is available.