Treasury Lead

Recruiter
Technip
Location
Huntly, UK
Salary
Competitive
Posted
14 Sep 2019
Closes
28 Sep 2019
Ref
1259648022
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Company SummaryTechnipFMC is a global oil and gas leader, specialized in subsea, onshore, offshore, and surface technologies. Our mission: to enhance the performance of world's energy industry. How we do it: by constantly challenging conventions and investing in our 37 000+ employees, across 48 countries. At TechnipFMC, we aim to offer an inspiring working experience: tackling some of the most complex technical and engineering challenges in the world in collaboration with a truly global team. Job scope (budget, management, specific criteria):·
Deliver all activities
of the Treasury team including cash management, banking, foreign exchange
management, loan management, monthly reconciliation, reporting and analysis. ·
Transmission of
BACS files.·
Perform , deliver
and report on the hedge accounting exercise IAS 32/39, 21 at quarter ends.·
Maintain bank
mandates, documentation and banking relationships.·
Compliance to SOX,
Internal Controls and Group policies.·
Assist Treasury
Manager, UK entities in treasury and finance related matters as required.·
Produce and deliver
training as required on the subject of Foreign Exchange Hedging.Qualifications:Must have:·
Accounting (CIMA/ACCA/ICAS) / Banking
qualification·
5 years post qualified relevant experience.·
Supervisory experience.Experience/Skill/Knowledge·
Hands on experience in Treasury operations,
front, middle and back office functions.·
Supervisory/Team Lead experience including
mentoring, development, performance appraisal and training needs.Technical/General/Competencies·
Sound understanding of accounting practice,
foreign exchange and hedge management (IAS32/39, 21), cash management and
forecasting.·
SOX compliance and strong understanding of
internal controls.·
Microsoft Office, Excel.Typical background and experience required:Must have: ·
Minimum of 5 years relevant
experience in Treasury operations preferably with a good knowledge of foreign
currency hedging.·
Previous experience in short/long term cash
forecasting, actuals reporting and variance analysis.·
Cash Pooling.·
Proven ability to lead team to meet tight
deadlines.·
Strong internal control and fraud awareness. ·
Competent Microsoft Excel user.Nice to have:·
Experience in the oil and gas industry·
Oracle, HyperionMain Tasks:·
Supervise Treasury team, ensure department
routine is adhered to and deadlines are met. Hold regular operational team
meetings.·
Review project cash flows and assess
requirement for foreign exchange hedging, monitor effectiveness of hedging in
place.·
Remeasurement of hedging fair value at quarter
ends (IAS 32/39, 21)·
Review short term and long term cash forecasts
and variance analysis. Review cash forecasting information pack and assist
with forecast queries/commentary.·
Review instructions to Group Treasury of hedging
operations and ensure accurate records are maintained for all foreign
exchange deals entered into and comply with the group hedging policy.·
Review month end Bank Analysis produced to
analyse previous months' payments and receipts to ensure adequate hedging in
place.·
Review and provide guidance for the month end
timetable, assist with the month end routine to facilitate all cash
department deadlines are met, including recording of cash transactions in
Oracle and revaluation of currency balances at month end.·
Review and approve the monthly Bank
Consolidation Report, Bank Reconciliations, Bank Schedule and Exchange
Gain/Loss analysis.·
Review cash and debt reports for submission to
Group Treasury.·
Monitor cash balances with external banks and
with internal bank Technip Eurocash (TPEU).·
Ensure TPEU transactions are recorded
accurately in Oracle and approve the monthly reconciliation.·
Review and approve journal entries in
compliance with SOX and internal controls.·
Ensure compliance and maintenance of all relevant
internal controls·
Supervise interpretation of Delegation of
Authority/Power Reserve Lists, input into the local Approval Authority
Database and update of the approval limit table in Oracle as appropriate.·
Liaise with banks, be responsible for the
maintenance of bank mandates, on line banking solutions, opening/closing of
accounts and any other banking requirements.·
Be key contact for the BACS software provider
and BACS Payment Services.·
Transmit BACS files.Additional information:Performance skills·
Accurate·
Organised·
Supervisory and teamworking
skills with 'hands on' attitude·
Strong verbal and
written communication skills·
Ability to meet
tight deadlines·
Change management
skills and enthusiasm for changeYour future at TechnipFMCPotential career path, if possibleGlobal mobility opportunities if relevantTraining and developmentDiverse and international team if relevantLearn more about TechnipFMCLearn more about us and find other open positions at our Career Page.Follow us on LinkedIn for company updates."As an equal opportunity employer TechnipFMC considers only qualified applicants without regard to color, age, race, ethnicity, sexual orientation, gender expression, disability, national origin, veteran or marital status."

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