Treasury Analyst

Overview

Subsea7 is seeking a Treasury Analyst to join our team in Sutton, London on an initial 12-month contract.

The 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 a focal point for treasury operational matters relating to the Group‘s cash management and reconciliations.

Reporting into the Treasury Manager, you 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.

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.

What will you be doing?

• Back Office
  • Daily reconciliation of treasury bank statements
  • Management of the treasury settlements process
  • Run daily treasury operating reports
  • Ensure all daily items are completed in a timely manner
  • Assist with month end deliverables
    
    
• 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
  • Help coordinate the bank account opening/closing process for the Group
  • Regular reporting to of Treasury statistics to ExCom and Senior Management
    
    
• Mandates and systems controls
  • Management of the bank account and dealer mandates globally
  • Assist with the maintenance of counterparty standard settlement instructions, including the communication with counterparty settlement teams
  • Initiate system static data changes for Group stakeholders
  • Assist with management of the global banking platform and its use by members of the Group
    
    
• Compliance and controls
  • Management and reporting of overall risk limits and exposures, including mark to market valuations
  • 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

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’re looking for, please do consider applying. We would encourage you to apply with a CV that highlights your transferable skills and experience.

• Key qualification or working towards key qualification; Accounting or treasury qualification or alternative relevant financial background.
• Corporate Treasury Management; Understanding of the fundamental concepts of international treasury management and experience of practical application in a Global enterprise.
• Cash Management; 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).

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