Treasury and Credit Manager

Charlotte Tilbury Beauty; London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

Charlotte Tilbury Beauty is seeking a Treasury and Credit Manager to lead their treasury operations. This pivotal role involves managing cash flow, optimizing liquidity, and implementing strategies for financial risk mitigation. The ideal candidate will have extensive experience in credit management within a global, multi-currency environment. Join a dynamic team and contribute to a thriving brand known for innovation in the beauty industry.

Benefits

25 days holiday plus bank holidays and birthday day off

Inclusive parental leave policy

Financial security with pension and life assurance

Wellness and social benefits program

Generous product discount

Qualifications

• Experience in a Group Treasury and credit role within a multi-currency environment.
• Strong background in cash pooling and foreign exchange hedging.
• Deadline oriented with excellent communication skills.

Responsibilities

• Oversee cash flow management and credit control.
• Develop strategies to minimize financial risk and increase profitability.
• Maintain relationships with banks and manage credit risk policies.

Skills

Cash Management

Credit Risk Management

Foreign Exchange

Financial Analysis

Banking Relationships

Attention to Detail

Education

Certified Treasury Professional (CertTF)

ACA/CIMA/ACCA designation

Tools

NetSuite

Advanced MS Excel

Job description

About Charlotte Tilbury Beauty
Founded by British makeup artist and beauty entrepreneur Charlotte Tilbury MBE in 2013, Charlotte Tilbury Beauty has revolutionised the face of the global beauty industry by de-coding makeup applications for everyone, everywhere, with an easy-to-use, easy-to-choose, easy-to-gift range. Today, Charlotte Tilbury Beauty continues to break records across countries, channels, and categories and to scale at pace.

Over the last 10 years, Charlotte Tilbury Beauty has experienced exceptional growth and is one of the most talked about brands in the beauty industry and beyond. It has become a global sensation across 50 markets (and growing), with over 2,300 employees globally who are part of the Dream Team making the magic happen.

Today, Charlotte Tilbury Beauty is a truly global business, delivering market-leading growth, innovative retail and product launches fuelled by industry-leading tech — all with an internal culture of embracing challenges, disruptive thinking, winning together, and sharing the magic. The energy behind the brand is infectious, and as we grow, we are always looking for extraordinary talent who want to be part of this our success and help drive our limitless ambitions.

About the role
Charlotte Tilbury are on the hunt for a Treasury and Credit Manager to join our growing Group Finance team. As a Treasury and Credit Manager, you will oversee Charlotte Tilbury’s treasury operations and credit management functions. Your primary responsibilities include managing cash flow, optimising liquidity, and ensuring effective credit control. You will develop and implement strategies to minimise financial risk, enhance profitability, and maintain strong relationships with insurance and financial institutions. Additionally, you will analyse financial data, prepare reports, and provide insights to support decision-making processes. Your role is crucial in maintaining the financial health and stability of Charlotte Tilbury.

The ideal candidate would be a motivated self-starter, with the ability to work in an environment that requires daily flexibility to meet team goals and responsibilities and with proven experience working in a Group Treasury and credit role, working in a face pace global muti-currency environment.

As a Treasury and Credit Manager you will

Cash Flow Management, Forecasting and Reporting

• Develop insight and management strategies to optimise the Group Cash Flow and mitigate liquidity risks, correlating between, amongst others, foreign exchange exposure, interest rate risk and cash pooled vs non-cash pooled balances.
• Review and submit the Group’s weekly actual cash reporting and rolling forecast, highlighting any key deviations from plan and any recommendations to address risks or opportunities.
• Review and finalise the monthly cashflow reforecast, providing clear variance analysis and commentary, collaboration with other internal functions to develop improvement and/or mitigation plans.

Cash Pooling and Payment Planning

• Monitor and plan the cash pooled and non-pooled accounts and balances, optimising deposit and borrowing balances to minimise FX and interest risk through timely intercompany and transfer pricing settlements in order to meet future payment obligations.

Bank Account Administration

• Review and plan the group bank facilities, account opening and/or closing, account currency and funding structures.
• Review and approve changes to user permissions, ensuring correct access privileges, maintaining segregation of duties and key internal controls.
• Develop strong relationship with corporate banks and parent treasury functions, leading on all banking and cash pooling relationship matters, annual reviews and escalations.

Foreign Risk Management

• Advise business on foreign exchange risk on new customer contracts, supplier agreements etc and propose mitigating strategies to minimise risk.
• Analyse and provide monthly commentary on realised and unrealised FX gains / losses, recommend and implement strategies to mitigate future exposure.
• Work with bank and parent company on FX mitigation strategies, including the execution and management of forward exchange contracts, hedges and non-GBP balance swops.
• Work closely with the Financial Shared Service team to validate monthly valuation accounting on any FX instruments (Hedges, swops).
• Provide monthly insight reports on current liquidity and FX exposures, future trends and FX forecasts.

Share Capital, Dividend and Debt Management

• Work closely with Group Finance and Group Tax, identifying opportunities to optimise the Group Entity’s intercompany & external debt, liquidity and equity balance sheet positions.
• Manage the Group funding and investment process, including dividend planning, share capital injection and intercompany settlements.

Credit Risk Management

• Responsible for the Group Credit Policy and adherence across the Group entities.
• Manage the group credit risk, collaborating with internal teams, credit insurers and third-party rating agencies to ensure credit risk exposure and mitigation is both planned and controlled.
• Lead the relationship engagement with the Group credit insurers, negotiating and ensuring suitable credit insurance coverage across all markets, managing policy conditions, claims, escalation, notifications and credit insurance costs.
• Review, validate and endorse credit limit extension requests, and submit for approval in accordance with delegated authority matrix.
• Work with key stakeholders to develop and report key credit risk KPIs, highlighting any risks and mitigation actions.
• Preparation and distribution of a periodic Global ADR report highlighting regional risks including risk mitigation recommendations to CT Credit Committee comprised of EXCO members.

Other

• Provide recommendations for improvements to internal processes and accounting procedures.
• Ad hoc activities and projects, as needed

About you

• Certified Treasury Professional (CertTF) and/or ACA/CIMA/ACCA designation is a must
• Strong banking relationship and bank facility understanding
• Proven relevant cash/ credit management experience, working in a multi-currency environment
• Experience in Group cash pooling, centralized treasury and foreign exchange hedging
• Strong understanding and experience in intercompany process and group funding requirements
• Experience in managing credit insurance programs and credit risk policies
• Good working knowledge of UK Accounting Standards
• Experience in managing global process development, credit, collections, and projects in an Muti National Company (MNC) environment is desirable
• Experience in the Luxury sector and/or FMCG is desirable
• Deadline oriented with a commitment to accuracy
• Good time management and organisational skills
• Keen attention to detail
• Independent thinker and driven to achieve best results
• Advanced MS Excel and ERP systems skills. NetSuite experience is desirable.
• Excellent communication skills
• Ability to prioritise and provide follow up in a fast-paced environment

Charlotte Tilbury is a fast-paced and dynamic environment where nimble mindsets, striving to deliver the best and wanting to be part of a global #dreaamteam are key. Even though we have requirements, our experience and background are just a guide, we still love to welcome applicants with more or less experience stated, provided necessary skills can be demonstrated.

Why join us?

• Be a part of this values driven, high growth, magical journey with an ultimate vision to empower everyone, everywhere to be the best version of themselves
• We’re a hybrid model with flexibility, allowing you to work how best suits you
• 25 days holiday (plus bank holidays) with an additional day to celebrate your birthday
• Inclusive parental leave policy that supports all parents and carers throughout their parenting and caring journey
• Financial security and planning with our pension and life assurance for all
• Wellness and social benefits including Medicash, Employee Assist Programs and regular social connects with colleagues
• Bring your furry friend to work with you on our allocated dog friendly days and spaces
• And not to forget our generous product discount and gifting!

At Charlotte Tilbury Beauty, our mission is to empower everybody in the world to be the most beautiful version of themselves. We celebrate and support this by encouraging and hiring people with diverse backgrounds, cultures, voices, beliefs, and perspectives into our growing global workforce. By doing so, we better serve our communities, customers, employees - and the candidates that take part in our recruitment process.

If you want to learn more about life at Charlotte Tilbury Beauty please follow our LinkedIn page!