Title:  Treasury Analyst

Subsea7 is seeking a Treasury Analyst to join our team on a permanent basis in our Sutton, London or Westhill, Aberdeen office. 

The role will work in conjunction with the Senior Treasury Manager and is responsible for the issuance and maintenance of bank guarantees across the Subsea7 group and supporting regional businesses and other Group functions with sound Treasury solutions and guidance. The Treasury Analyst will also take an active role in tenders, providing guidance and support for managing risks associated with cashflow, credit, foreign exchange, commodities and hedging requirements and bank guarantee solutions.

What will you be doing? 

Trade Finance:

• Provide guidance and support on the review of potential bank guarantee text (performance / bid bonds/advanced payment bond) at early engagement at tender stage of projects with the global business and working with the banks. This will include:
  • Reviewing and providing advice on appropriate bank guarantee wording to tender teams and subsequently the client.
  • Identifying and engaging with suitable banks and sureties reviewing guarantees on providing feedback and pricing.
  • Provide advice on contracts in relation to bank guarantees.
  • Including the appropriate cost inclusion for new project tenders.
• Arrange for the issuance of new bank guarantees in a timely manner.
• Responsible for maintaining the global guarantee register.
• Maintain proactive communications with businesses and project teams to identify and implement required amendments / extensions / cancellations of existing bank guarantees.
• Provide cost of bank guarantees to the businesses. 
• Own the bank guarantee fee payment process.
• Assist in developing, testing and implementing process improvements to automate the guarantee process and activities such as implementation of a trade finance system.

Business partnering:

• Support the business with Treasury advice such as:

• • Analysing and providing advice on potential project cashflows.
  • Validating pre and post cash flow & currency exposures, including determining a hedge cost with the potential to execute such hedging, and internal financing charges for use of the Group’s balance sheet
  • Validating pre and post commodity requirements and exposures, including determining a hedge cost with the potential to execute such hedging
  • Analyse the viability of prospective clients
  • Banking support on behalf of project/country including the opening of bank accounts, liaising with existing and local banks on products and services

• Perform client and supplier creditworthiness assessments and ensure maintenance of internal credit risk registers.
• Align business processes in the region with the Group Treasury Guidelines for best practice.

What experience would we like you to have?

Please note, if you don’t tick all the boxes below but feel you have some of the relevant skills and experience we are  looking for, please do consider applying. We would encourage you to apply with a CV that highlights your transferable skills and experience.  

Key qualification:

• • Degree qualified with relevant background.
    
    

Key experience:

• • • Experience in Treasury operations preferably in Group Treasury, with a desire to learn in a new area of Treasury.
    • Some experience in bank guarantees required although training will be provided.
    • A basic understanding in reviewing and negotiating contracts is desirable.

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