Assistant Treasurer
As Assistant Treasurer, you will manage the external and internal debt of the Group and work with the Group Treasurer on the funding strategy / future debt issuance; to manage the group's financial risks (credit, FX, interest rate and commodity), and to work with the business to develop commercial finance solutions to support the group's strategy. What will you be doing?
Corporate finance / Debt management
- Work with the Group Treasurer to investigate and recommend an appropriate funding strategy for the group; including modelling, evaluating alternative funding sources and preparing periodic financial reports for the senior management team.
- Plan and manage the efficient utilisation of debt facilities to support the group’s funding requirements; Ensure strong compliance and administration of all aspects of facility terms.
- Negotiate, maintain and monitor compliance with financing documentation relating to external debt and other credit facilities including ESG KPIs.
- Maintain commercial relationships with the Group’s banks in an effective manner including co-ordinating procurement/tender exercises and providing feedback to them on their pricing and performance.
- Develop and maintain relationships with the Credit Rating Agencies including managing periodic reporting.
- Provide treasury advice and assistance to Group companies to ensure efficient local funding and treasury management including ensuring entity structures, bank relationships, funding, cash management and foreign exchange hedging is appropriate and effective.
- Develop and maintain the Group’s approach to intra-group loans in conjunction with Tax and Legal departments.
- Responsible for the effective management of the group’s key financial risks (FX, interest rate, commodity (including fuel and EUA) and credit risks). Assess the risks and develop appropriate strategies to manage them.
- Implement and manage execution of appropriate hedging activities in line with strategy maintaining a strong control environment.
- Monitor ongoing risk management effectiveness and provide periodic reporting.
- Develop the group’s liquidity management approach, working with the Treasury Operations team to ensure efficient investment of funds, maximising yield whilst maintaining a conservative approach to security and availability.
- Provide support to key stakeholders, including Subsea7 project staff and finance teams and external clients, with a focus on upstream E&P and renewable project financing needs.
- Undertake financial modelling and produce detailed valuations, NPV analysis etc. as required to support financing arrangements.
- Work with Export Credit Agencies, banks and other finance providers to identify and evaluate alternative funding models.
- Advise on external debt financing in Joint Ventures.
- Work with the Group Treasurer on ad-hoc projects as required.
- As a senior member of the Treasury team, provide guidance and coaching to other members of the Treasury team. Ensure high standards of professionalism and contribute to making Group Treasury a great place to develop talent.
- Represent Group Treasury in business and working groups on treasury related matters in order to deliver required outputs.
- Support the Senior Treasury Manager in managing the group’s guarantee strategy and be an alternate for arranging guarantee facilities.
- Prepare various reports and disclosure information relating to treasury transactions and risks for internal and external reporting.
- Ensure robust control environment for all Treasury activities within area of responsibility.
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.
- Proven experience managing corporate debt facilities, including negotiation, compliance, and administration of loan agreements, ideally with exposure to ESG-linked financing and/or ECA-backed structures
- Hands-on financial risk management expertise, covering FX, interest rate, commodity, and/or credit risk, including the development and execution of hedging strategies.
- Effective bank relationship management, including support for tender processes with financial institutions.
- Familiarity with credit rating agency (CRA) processes, including periodic reporting, S&P exposure, and relationship management.
- Experience advising business units on treasury matters, such as cash management, FX hedging, and local funding structures.
- Experience of managing inter-company funding in complex countries/businesses, including setting up intra-group loan arrangements, and working collaboratively with tax and legal teams to ensure compliance and efficiency.
- Exposure to project and commercial finance, particularly in capital-intensive sectors like energy and renewables, with M&A experience is advantageous.
- Leadership and mentoring capabilities, with a track record of coaching team members and fostering a collaborative, high-performing treasury team.
- Commitment to high professional standards, with a proactive mindset and continuous improvement approach to processes and controls.
- Strong reporting and control orientation, including preparation of internal and external treasury disclosures and treasury accounting knowledge.
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