Treasury Manager

sohohouseco; Milton Keynes; On-site; GBP 70,000 - 95,000; Full time

Job summary

Soho House Co. in Milton Keynes seeks a Treasury Manager to support the HoT in managing treasury activities across a complex multinational hospitality group.

You will oversee cash management, banking governance, cash forecasting and treasury reporting while driving process improvements and automation. The role involves Kyriba rollout, intercompany funding management and collaboration with tax, legal, FP&A and IT teams.

Qualifications

• Professionally qualified in treasury or equivalent corporate treasury experience.
• 5–7 years in corporate treasury, cash management or treasury operations within a multinational environment.

Responsibilities

• In charge of Kyriba administration and support to drive further automation to treasury activities.
• Intercompany funding management - support HoT in ensuring proper funding and management of intercompany loans.
• Support global cash positioning, rolling 13 weeks cash flow forecasting and liquidity visibility across entities.
• Support FP&A in medium- and long-term cash flow forecasting and liquidity planning.
• Manage bank account lifecycle including openings, closures, mandates, KYC, online banking and user reviews.
• Maintain robust controls over treasury activities and master data.
• Support design and implementation of efficient cash management setup and renegotiation of cash management fees.
• Support external debt servicing and facilities administration, covenants, interest schedules, and guarantees.
• Manage treasury reporting for CFO and senior leadership including liquidity, FX exposures and bank accounts.
• Ensure compliance with treasury policies, authorities and audit requirements.
• Lead transformation projects like bank rationalisation, payment process improvements, ERP/TMS implementations.
• Maintain treasury policies, SOPs, control matrices and bank-account governance documents.
• Collaborate with tax, legal and local teams on dividends and funding flows.

Skills

Liquidity management

Cash pooling

Intercompany funding

Banking products

Forecasting

Education

ACT/MCT or ACA

Tools

Kyriba

Job description

The Role..

The Treasury Manager - Treasury sits within the Group Finance Shared Service Centre in Milton Keynes and reports to the Head of Treasury (HoT).

The role supports the Head of Treasury in the management of a variety of treasury activities across a complex multinational hospitality group, including day to day cash management and operations, banking management and governance, Cash Flow Forecasting, treasury administration, internal and external compliance and reporting.

This role will support the business in maintaining sufficient liquidity across the group, implementing and operating efficient banking structures, and maintains strong internal controls over banking access, payments and cash movements

The role will also support the HoT in the delivery of ad-hoc projects like completing Kyriba roll outs, banking landscape rationalization and intercompany improvements and implementing policies and processes"

Some key initial activities of the role will be supporting the roll out of Kyriba TMS, managing accesses, to seek opportunities to enhance reports such as cash flow forecasting and automating connectivity as much as possible such integrating FX, debt and intercompany loan management and reporting.

The role will also provide a link across the business to local finance teams, tax, legal, FP&A, IT, internal audit, external auditors and banking partners. It will also lead a Treasury Analyst while supporting process improvement, automation and standardisation across treasury activities.

Key Responsibilities..

• In charge of Kyriba administration and support to drive further automation to treasury activities.
• Intercompany funding management - support the HoT in ensuring all the group entities are properly funded, and in the management of intercompany funding and intercompany loans in alignment with Tax and legal teams. Support the HoT in the management of FX exposure related to intercompany.
• Support global cash positioning, short term cash flow forecasting processes (rolling 13 weeks) and working capital visibility across all local and international entities.
• Support the Commercial Finance (FP&A) team on medium- and long-term cash flow forecasting and liquidity planning.
• Manage the bank account lifecycle, including account openings and closures, banking mandates, authorised signatory updates, KYC packs, bank documentation, online banking platforms and periodic user access reviews.
• Maintain robust controls over operational and transactional treasury activities and treasury-related master data.
• Support the Head of Treasury in the design and implementation of an efficient cash management set up and in the renegotiation of cash management fees.
• Support Management of external debt servicing and debt facilities administration covenant compliance, interest schedules, issuance and maintenance of guarantees and letters of credit, and other treasury instruments as required.
• Manage treasury reporting activities for the Group Financial Controller, CFO and senior leadership, including cash, debt, short term (rolling 13 weeks) liquidity and forecast accuracy, FX exposures, bank accounts and other key control metrics.
• Ensure compliance with treasury and finance policies and delegated authorities, monitor regulatory requirements, internal control standards and audit requirements, including support for internal and external audit workstreams.
• Support transformation projects such as bank rationalisation, payment process improvement, payment factory/shared service activities, ERP/TMS implementations, treasury control enhancements and any other activities and projects as assigned by the Head of Treasury
• Ensure treasury policies, standard operating procedures, control matrices and bank-account governance documentation is maintained and observed.
• Partner with tax, legal, accounting and local finance teams to support on dividends, funding flows and other corporate transactions.
• Support merchant acquiring and card payments processes: ownership of acquiring relationships, settlement and chargeback/fee management.
• Screening payments, counterparties and sanctions, as needed given the multinational payments base
• Management of LOC issuance with HSBC, reporting total LOCs issued and pricing ensuring efficient carve out of RCF
• Approval of payments in different banking portals for payment transactions, transfers between bank accounts, or other transactional requirements.

Experience Required..

• You will likely hold a relevant professional qualification such as ACT/MCT or ACA or have equivalent corporate treasury experience gained in a multinational environment.
• Significant experience (5-7 years in corporate treasury, cash management or treasury operations within a fast-paced multi-site or multinational business; hospitality, retail, consumer services or shared service centre experience would be beneficial.
• Strong knowledge of liquidity management, cash pooling, banking products, bank account administration, bankin