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Treasury Controller

  • Salary: £400 - £450 per day
  • Job type: Contract
  • Location: South West London, London
  • Sector: Tax & Treasury
  • Date posted: 31/01/2018
  • Job reference: J380919A

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My client, a well-known media company based in south west London, is currently seeking a Treasury Controller to join their group treasury function on a 6 month contract.

This role would suit an experienced fully qualified Accountant and/or Treasury professional, ideally from a Big4 practice background, with between 6-10 years solid treasury experience. You should ideally be immediately available or on a maximum of 2 weeks' notice.

The Group Treasury team is a small highly skilled team who are responsible for managing the Group's debt and liquidity position, together with mitigating financial risks within the business - principally interest rate, foreign exchange and counterparty credit risk. The team is supported by the Operational Finance team who provide cash settlement and bank account administration services to the business.

A regular entrant to the bond markets, the Group's current bond portfolio totals over £9 billion, issued in a variety of currencies and maturities, with a significant interest rate hedging portfolio in place to manage the resulting interest rate exposures. Foreign currency exposures within the business total in excess of £1 billion a year and the Group operates extensive foreign exchange hedging programmes for the UK and Europe to mitigate these risks, using forward exchange contracts.

Key Responsibilities

  • Regulatory compliance reporting for EMIR and ensure robust portfolio reconciliation undertaken; scope and deliver process automation/simplification
  • Business partnering with Commercial Finance teams and ART to ensure the impact of FX is captured correctly in forecasts and reported actuals
  • Preparation of hedge documentation monthly following execution of transactional FX forwards
  • Hedge accounting configuration for transactional FX exposures; explore upload development with vendor and produce business case for management review
  • Preparation of monthly, half year and annual treasury accounting and reporting
  • Production of FX related year-end ARA treasury notes and support entity statutory accounting process
  • Preparing FX and hedge accounting reporting for German and Italian subsidiary reporting through the TMS monthly close in a timely fashion
  • Ensure all FX transactions are recorded correctly in the TMS and accurate valuation and reporting of derivative positions
  • Modelling of Budget/ 5YP impact of FX transactions and exposures
  • Monitoring counterparty limits and reporting limit breaches
  • Constant review of operational processes, identifying efficiencies or improvements, leading design and deployment and communication of impact
  • Act as compliance manager for all Treasury controls, ensuring timely evidence is provided by team members and chair monthly review with management

Candidate Specification

  • Experienced qualified Accountant and/or Treasury professional

Specialist Knowledge

  • Interest rate hedging instruments
  • Foreign exchange hedging instruments, accounting treatment
  • Market Information system e.g. Bloomberg/Reuters

Industry Experience

  • Experience in a treasury or financial /management accounting role
  • Experience in a large corporate Treasury
  • Treasury back office
  • General bank and cash management exposure

Technical Skills

  • Strong Technical accounting ability
  • Good financial analysis skills
  • Excel, Word and Powerpoint
  • Treasury instruments - Hedge accounting (IAS39/IFRS7)