• Group Treasury Manager

    Job Locations UK-London
    Job ID
    2018-1877
    # of Openings
    1
    Business Entity
    Octopus Group
    Category
    Finance
    Type
    Permanent Full-Time
  • Overview

    At Octopus we’re transforming the industries we operate in and improving the lives of millions of people. We’ve built market-leading positions in a number of specialist sectors, including smaller company financing, renewable energy, healthcare and property finance. We employ 500 people and manage more than £6 billion on behalf of more than 50,000 investors. Our products don’t just help real people solve real life problems, they also make a positive impact on the world around us.

     

    The Octopus Group incorporates Octopus Energy, Octopus Healthcare, Octopus Investments, Octopus Property, Octopus Ventures and Octopus Labs. Our aim is to have an impact in everything we do, and to make a vital contribution to the UK economy by helping people, companies and institutions generate wealth. And we’re always on the look-out for smart, talented people who share our values.

    Responsibilities

    The Group Treasury Manager will manage the Treasury operations of the Group and fund management activities. This role, reporting to the Group Finance Director, provides functional support to the Octopus Group on all Treasury matters including cash management and forecasting, banking, risk exposures & mitigation and, support in managing our banking relationships.

     

    Essential Job Functions

     

    Treasury Operations

    • Overall responsibility for the running of daily treasury operations across Octopus, including the Treasury control environment.
    • Treasury system implementation – Octopus are about to commence a project to implement a new treasury system, this role will be key to this project, by way of ensuring its effective delivery and ensuring it is fit for purpose.
    • Overall responsibility for the working of the new Treasury Management System, particularly the supplier relationship, maintenance cycle, and working with the rest of the Treasury Team to ensure it remains effective for Group Treasury.
    • Ensuring daily bank reconciliations are completed on all bank accounts by the team– with the aid of new treasury system.
    • Managing bank accounts & administration.
    • Review / approval function for all payments, journals documents sent out internally / externally.
    • Business partnering and assisting in strategic decision making.

     

    Cash Management

    • Implementation of cash pooling policies and management of cash pooling/offset arrangements.
    • Managing of cash term deposits and money market fund deposits to ensure maximum returns are made on Octopus’s surplus cash.
    • Cash flow reporting, to include daily position reporting for EIS and BPR purposes.
    • Management of Octopus Group cash ensuring effective liquidity management.

     

    Risk Management

    • Development and management Group foreign exchange and interest rate hedging strategies.
    • Working with divisions and operating companies to ensure financial risk is correctly identified and advising on appropriate risk mitigation and instruments where appropriate i.e. Foreign Exchange Transaction Risk, LEI (legal entity information) registration and renewal and monthly derivative reconciliation.
    • Monitoring and reporting on Treasury related risk, providing periodic input into the Octopus risk and compliance team.
    • Ensuring ongoing FCA regulatory compliance such as client money checks are complied with.
    • Ensuring all process notes are relevant and up to date at all times.
    • Maintenance of banking mandates, policies and procedures, in line with CASS and FCA requirements.

     

    Operations and Controls

    • Treasury systems expert; Octopus is poised to implement a new treasury system, the Group treasury manager be pivotal to the successful delivery of this project and the role out of the new system across the Octopus Group.
    • Ensure an appropriate mix of controls are in place, liaising with internal audit functions where appropriate and liaising directly with external auditors on all treasury related matters.

     

    Debt

    • Utilisation and maintenance of the Group's drawn debt particularly covenant compliance and commitment fees.

     

    Other

    • Assist in the maintenance of key banking relationships including a regular review of transactional activity and performance.
    • Treasury Accounting. Production of analysis as required, and any additional input, for period-end reporting, and year-end analytical requirements and liaison with external Auditors.
    • Management and supervision of 5 direct reports to deliver key responsibilities, allocating key tasks to ensure positions and daily tasks are completed.  Ensuring appropriate career development, objective setting, evaluation of resource requirements and ensuring that appropriate cover is maintained within the team at all times.

    Qualifications

    Job Specific Experience/Technical Skills/Abilities

    • AMCT (or equivalent) qualified treasury and CCAB qualified accountancy professional.
    • Ability to communicate and deliver treasury strategy and projects to Board level stakeholders.
    • Will have a previous proven track record within a previous treasury team.
    • Will be driven with a mind-set of continuously looking to improve business procedures.
    • Experience of planning, managing and executing treasury projects.
    • Ability to work with a vast range of individuals, as well as internal and external stakeholders.
    • Will have demonstrable previous experience of exposure to FX structures and hedging.
    • Demonstrable expertise in external financing and funding, risk management and cash management.
    • Deadline driven, manages their own time effectively.

     

    NOTE: This job description is not intended to be all-inclusive. Employees may perform other related duties to meet the ongoing needs of the organisation.

     

     

    Our Values


    Be helpful
    Random acts of kindness make the workplace a better place so, go out of your way to be helpful, and give people reasons to smile.

    Be straightforward
    Life is complicated enough. Don’t make it harder for yourself, or for others. Sometimes the simplest approach works wonders.

    Be bold
    Every great business started with a flash of inspiration. If you’ve got a great idea, don’t keep it to yourself.


    At Octopus, we recognise the importance of embracing diversity in order to create a high performance culture.

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