Westfalia Fruit

The Company

Westfalia Fruit is a leading multinational supplier of fresh fruit and related processed​ products to international markets. Part of the Hans Merensky Holdings Group, Westfalia grows, sources, ripens, packs, processes and markets sustainably grown avocados year-round. Its vertically-integrated supply chain enables Westfalia to market quality fruit from across the globe.

Major retailers are served from sales offices located in the Netherlands, England (Greencell), France (Comexa), Austria, Colombia, Chile (Agricom), Peru, California​ and South Africa.

The Role

Westfalia are looking to hire a Treasury Manager and their first Treasury professional, to manage the international Treasury functions across jurisdictions and countries. Reporting to the Group Finance Manager, the role will initially focus on centralising the group’s key treasury functions, best practice cash management and ensuring optimal management of working capital.  The role will then broaden into setting up central debt facilities for all entities.

Key Responsibilities

Treasury Policies and Processes

  • Develop and implement Group Cash, FX and Credit risk policies and processes
  • Support the development of consistent treasury processes and procedures to be utilised across the Group
  • Effective governance of the Treasury Policy

Cash & Liquidity Management

  • Oversee liquidity and cash balances within the group in line with operational needs
  • Administer external and inter-company loans
  • Develop strategies to optimise the cash position for the business with specific emphasis on analysing and identifying opportunities within working capital
  • Produce a monthly and weekly cash flow forecast

Market Risk Management

  • Serve as main point of contact for banks
  • Manage foreign exchange and company working capital in line with FX and credit risk policies
  • Manage the impact of these exposures and deliver timely and insightful reporting to key stakeholders
  • Identify, monitor and manage the interest rate exposure across the Group and report the impact of market movements
  • Evaluate requirements and execute the hedging requirements
  • With the CFO, and following an established policy, determine appropriate forex forward hedging required at the end of every quarter and liaise with the bank and brokers to put it in place

Treasury Accounting

  • Work with the CFO and General Finance Manager to ensure that the appropriate accounting treatment of all derivatives is understood and applied correctly
  • Ensure all required documentation and testing under IFRS9 is complete and accurate and all derivatives achieve the desired accounting treatment
  • Work with the General Finance Manager to produce the derivatives outputs necessary for statutory reporting purpose

Reporting

  • Build reports/dashboards for treasury management
  • Develop system-based reporting from IT2 to reduce the use of Excel in risk management activities and to ensure that the risk management data within IT2 is complete and accurate
  • Reporting of complex data in a format that can be engaging and understood by business
  • Assistance with statutory and regulatory reporting

The Candidate

  • Ideally 5 years’ experience in a treasury role
  • Experience in a multi-currency environment – exposure to working capital management and forex hedging
  • Advanced knowledge of treasury department functions and best practices
  • Strong report writing and quantitative analytical skills
  • Insightful judgment and subject matter expertise to make sound decisions
  • Treasury Management System (IT2) beneficial
  • Advanced Excel skills
  • Power BI beneficial – but training will be given

To Apply

If you are interested in being considered for this opportunity, please contact Joe Fawcett/Craig Perkins via joe@treasuryrecruitment.com/craig@treasuryrecruitment.com or call 0203 603 4448 to discuss further

Tagged as: Senior Treasury Analyst, Treasury Manager, Treasury Operations Manager

Apply for Role

To apply for this job email your details to joe@treasuryrecruitment.com.

Apply using webmail: Gmail / AOL / Yahoo / Outlook