Treasury Manager

Paralloy Group Limited; Billingham; On-site; GBP 60,000 - 80,000; Full time

Job summary

A manufacturing firm in Billingham is seeking a Treasury Manager to oversee treasury operations and manage cash liquidity. This role involves building strong banking relationships and ensuring compliance with regulations. Candidates should have a qualified accountant background, 5+ years of treasury experience, and expertise in cash management and risk mitigation. This position offers opportunities for career progression and participation in strategic projects.

Benefits

Company pension

Electric car scheme

Life insurance

On-site parking

Referral programme

Company discount card

Bike to work scheme

Excellent career progression prospects

Qualifications

• 5+ years of experience in a treasury function, ideally within a UK group structure.
• Strong knowledge of cash management, FX, debt instruments, and treasury processes.
• Solid understanding of UK corporate finance and treasury regulations.

Responsibilities

• Manage Group’s treasury operations and ensure effective cash management.
• Maintain strong relationships with banking partners and handle funding.
• Identify, monitor, and mitigate treasury-related risks.

Skills

Cash management

FX knowledge

Debt instruments

Negotiation skills

Analytical skills

Education

Qualified accountant (ACA, ACCA, CIMA) or AMCT qualified

Tools

Advanced Excel

Job description

About The Role

The Treasury Manager will be responsible for managing the Group’s treasury operations, ensuring effective cash management, liquidity planning, funding, and risk management. This role will also support the strategic development of treasury policies, manage relationships with banks and financial institutions, and ensure compliance with UK and international financial regulations.

Key Responsibilities

Cash & Liquidity Management

• Oversee daily cash management, forecasting, and reporting for the UK companies, as well as consolidating Group companies outside of the UK into consolidated cashflow reporting.
• Ensure optimal liquidity to support operational and strategic requirements.
• Manage intercompany funding, pooling arrangements, and cash repatriation.

Banking & Funding

• Maintain strong relationships with banking partners, ensuring competitive terms and access to funding.
• Support the negotiation and management of bank facilities, loan agreements, and covenant compliance.
• Assist in the evaluation of debt issuance, refinancing, and alternative financing options.
• Monitor key banking covenants and ensure the Group remain compliant with renewals, deadlines and other responsibilities.

Risk Management

• Identify, monitor, and mitigate treasury-related risks (FX, interest rate, counterparty risk to name a few).
• Develop and implement appropriate hedging strategies in line with Group policy.
• Ensure compliance with UK treasury regulations and internal controls.

Treasury Operations & Controls

• Manage and improve treasury systems, processes, and reporting tools.
• Ensure treasury operations align with the Group’s governance and compliance framework.
• Support audit, tax, and regulatory reporting requirements.

Strategic & Advisory Support

• Provide treasury input to M&A, capital expenditure, and strategic projects.
• Advise management on cash, funding, and risk implications of business decisions.
• Prepare treasury reports and presentations for senior leadership and the Board.

Candidate Requirements

• Qualified accountant (ACA, ACCA, CIMA) or AMCT (Association of Corporate Treasurers) qualified.
• 5+ years’ experience in a treasury function, ideally within a UK group structure.
• Strong knowledge of cash management, FX, debt instruments, and treasury processes.
• Solid understanding of UK corporate finance and treasury regulations.
• Advanced Excel and financial modelling skills.

Desirable

• Exposure to trade finance products that complement the treasury role, such as ABL’s, Bank Guarantees and ILC’s.
• Strong negotiation and relationship management skills with banks and lenders.

Personal Attributes

• Analytical and detail-oriented, with strong problem-solving skills.
• Confident communicator, able to present complex treasury concepts clearly to non-specialists.
• Proactive, commercially minded, and able to work independently.
• Strong organisational skills, with the ability to manage multiple priorities.

About You

With origins rooted in the UK’s steel industry, Paralloy & FVC takes pride in capably serving many of the world’s most challenging industries. We manufacture centrifugally cast products and solutions whose reliability provides exceptional value to our customers year after year. From power generation and transportation to manufacturing and critical chemical industries, our products are used to drive the modern world. Our quality products have always been designed to meet exacting, often bespoke, standards. Our clients’ need for precision and rapid delivery has driven us to develop efficient processes that result in extremely short lead times; ideal for time-sensitive projects and urgent or emergency based requirements.

About Us

We manufacture centrifugally cast products and solutions whose reliability provides exceptional value to our customers year after year. From power generation and transportation to manufacturing and critical chemical industries, our products are used to drive the modern world.

Company Benefits Include

• Company pension
• Electric car scheme
• Life insurance
• On-site parking
• Referral programme
• Company discount card.
• Bike to work scheme
• Excellent career progression prospects: