Job details

London - Sutton

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Vacancy information

At Subsea 7, we take pride in being recognised globally as a leader across the Energy Industry. For 5 decades our people have delivered over 1000 projects in all water depths across our energy hubs and we continue to do so, adapting and evolving in an ever-changing world. We are committed to creating a diverse workforce and we look to offer excellent career opportunities as well as providing wide range benefits.

Our success and sustainability are only made possible by continuing to develop our assets and technology through innovation and collaboration, and importantly through the development and diversity of our people who every day ‘Make Incredible things Happen’ at Subsea 7.


The Senior Treasury Analyst will manage and maintain the group’s banking structure and cash forecasting in line with Treasury Policy and Group Strategy. The role is the main focal point for treasury operational matters relating to the Group‘s cash forecast and currency exposures.

The Role will encompass the administration, development and maintenance of the Group’s banking infrastructure. It incorporates the forecast and reporting aspects associated with this process and managing changes to the banking structure by following through to the relevant ERP, interfaces and banking platforms.

The role reports to the Treasury Manager.

All personnel are expected to contribute to creating a positive HSEQ culture within Subsea 7 and ensure familiarity with and adherence to local HSEQ codes and practices.


Specific Key Responsibilities & Activities

  • Back Office
    • Daily reconciliation of treasury bank statements
    • Management of the treasury settlements process
    • Run daily treasury operating reports
    • Ensure all items on the daily checklist are completed in a timely manner
  • Cash and liquidity
    • Ensure sufficient liquidity available to fund business units, cash pools and invest surplus cash effectively
    • Recommend FX hedges required to ensure the currency exposures identified are within Group policy.
    • Key point of contact for the banks, finance and IT teams team ensuring effective management of all cash management activities including the resolution on all operational banking matters, resolving any issues for Treasury and the Group
    • Plan, execute and coordinate the bank account opening/closing process for the Group
    • Develop and manage the short term cash flow forecast process
    • Identify and promote opportunities to enhance the effectiveness and efficiency of cash and banking and drive the necessary change process
  • Mandates and systems controls
    • Management of the bank account and dealer mandates globally.
    • Maintain and update counterparty standard settlement instructions, including the communication with counterparty settlement teams
    • Initiate system static data changes for Group stakeholders
    • Manage the global banking platform and its use by members of the Group
  • Currency exposures:
    • Collation and consolidate cash flow submissions received from the finance functions and operating groups/regions
    • Liaise with relevant finance and operational teams on the timing and quality of submissions inc. querying movements, incomplete or inconsistent data
    • Analyse, compile and present completed data to the Treasury Manager
  • Compliance and controls
    • Arranging compliance certificates, asset valuations etc. required by the company bankers
    • Management and reporting of overall risk limits and exposures
    • Oversight of confirmation and settlement processes having regard to appropriate segregation of duties.
    • Validation of fees and charges associated with facilities, loans and the issuance of guarantees, ensuring amounts are agreed captured and paid in a timely manner.
  • Working capital account maintenance
    • Running the monthly working capital interest charge
    • Liaise with the relevant finance staff to coordinate working capital transactions
  • Other
    • Participate in various Treasury and Group projects/tasks as and when required
    • Mentor the junior analyst and delegate work accordingly



  • Operate within the Code of Conduct
  • Operate according to Subsea 7’s Management Principles
  • Support standards and procedures for the Treasury Function
  • For level of authority see ‘Authority Limit Matrix’



Ability to build effective working relationships with external stakeholders.



  • The Group’s bankers
  • Systems providers (TMS, ERP)
  • External and Internal Auditors



  • Business heads
  • Territory/Regional Finance Operations Teams
  • Territory/Regional Finance Directors
  • Group Treasurer and peers
  • Corporate and Territory Tax and Legal
  • IT teams



The post will report to the Treasury Manager Operations.



  • Key qualification
    • Accounting or treasury qualification or alternative relevant financial background.
  • Key experience

Success Criterion



Corporate Treasury Management


Understanding of the fundamental concepts of international treasury management and experience of practical application in a Global enterprise

Cash Forecasting


Experience of forecasting and the management of currency exposures. Experience in navigating various systems to pull relevant data to manage and support the Group’s currency and the medium term cash position.

IT Controls, Platforms and Banking Systems


Knowledge of the general IT control environment, user profiles and IT process flows via various interfaces


Cash & Banking expertise


Direct hands on experience of managing global cash and banking solutions (including good understanding of technologies)

Beware Recruitment Scams
Please be on your guard against recruitment scams. These are increasingly being carried out online through false job advertisements, job websites, unsolicited emails, or bogus recruiters purporting to be from Subsea 7. As a company, we treat this fraud very seriously, and ask that you read our Recruitment Fraud guidance, to help you spot the signs of a scam.