The Company

Its a pleasure to be supporting a great client of ours who specialise within consumer and professional products marketed to the home improvement and construction industries.

They have a strong culture of innovation and a firm commitment to research and development. They manufacture the leading brands and highest quality products in their field for both consumers and professionals.

With annual sales closing in on $2B, spread across 27 subsidiaries and 12 currencies.

Key Responsibilities

  • Foreign exchange risk management & control 
    • Place forward contracts with banks, at best rates possible, in a timely manner.
    • Document the forward contracts, so that they qualify for hedge accounting.
    • Ensure forward contracts are settled on maturity.
  • Cash flow forecasting & control
    • Consolidate & review a weekly +12 week rolling cash flow forecast and send to HK Treasury.
  • Subsidiary working capital management & control 
    • Document interco loans between companies, to address any long terms cash needs.
    • Ensure interest on interco loans is settled on time.
    • Manage both a physical & notional multi-currency cash pool & the booking of the resultant interco balances.
  • Interco netting
    • Operate the netting centre during the monthly interco netting cycle, ensuring that all trading interco debt is paid on time.
    • Ensure that forward contracts are correctly entered into the netting platform.
    • Sell any surplus currencies for EUR via FX trades.
    • Raise the netting centre payments & ensure it is paid by each netting participant.
  • Monthly reporting and forecasting
    • Assist the Treasurer in preparing a monthly ‘’Ops review’’ for discussion with the EMEA CFO.

The Candidate

  • Hands on and autonomous.
  • An enthusiastic & collaborative team member.
  • At least 3 years Treasury management experience in an international HQ coordinating multiple countries, multi-currencies (none banking or insurance background preferred).
  • Experience of IFRS 9 hedge accounting would be a plus.

How to Apply

If you are interested in being considered for this opportunity, please email your CV to Craig Perkins via craig@treasuryrecruitment.com or call +44 203 603 4448 to discuss further