Group Treasurer

**Millyard Peoples has been retained by an oil & gas services company based in Edinburgh, to recruit a Group Treasurer / Head of Treasury.**

**About The Company**

Our client is a private equity owned oil & gas services company, recognised globally for first-class welding and coating services, technologies, and integrated solutions. The company has an unparalleled reputation for excellence that has been gained over 90 years, as a result of an outstanding track record of successful project delivery. With an experienced global team, the company supports the safe, reliable, and efficient delivery of energy and wider infrastructure projects around the world.

**Renewable Energy**

Focused on contributing to the drive to achieve net zero goals, our clients is building capabilities, capacities and developing required technology and procedures to answer to the worldwide fixed and floating wind sector. The organisation is also working to provide pioneering pipeline solutions to support the growth of hydrogen as a low-carbon energy source and is well placed to support customers during early stage planning for Carbon Capture and Storage projects.

**The Opportunity**

Following significant investment from PE owners, to support acquisitions and growth and a diversification into renewable energy, our client has recently opened an office in Edinburgh to create a global headquarters. An opportunity has arisen for a Head of Treasury to join the finance function, working from Edinburgh, reporting to the CFO.

**The Role**
- Review the Group’s Treasury Policies for approval by the CFO ensuring appropriateness, covering:

- Liquidity and Cash management
- Cash flow forecasting (13 week and next 4 Quarterly Covenant tests)
- Commercial Banking partners
- FX (including use of hedging and derivatives)
- Responsible for the overall liquidity and cash management within the Group
- FX
- Manage FX exposures around the Group ensuring suitable strategies in place in all Business Units.
- Provision of advice and support to Business Units on FX position on potential contracts at bid/tender stage
- Stakeholder Management - Establish and develop relationships with key stakeholders:

- Executive
- Business leads
- Main lender - US Debt Fund
- Commercial Banks
- Support CFO in maintaining effective working relationship with external parties such as Bank and Lender
- Cash Management
- Oversee 13-week cash-flow forecasting across the Group
- Prepare weekly 13-week Cash Flow forecast including commentary for review by CFO
- Work with Finance and Tax to ensure efficient cash management across the Group with particular focus on sufficient liquidity to support operations and maximising cash in Bank Accounts at Quarter Ends
- Management of Group’s Revolving Credit Facility to ensure efficient use and compliance with “clean down” provisions
- Facilities - Management of Performance Guarantees ensuring:

- Available for business but when issued terms comply with Group Policy
- Cash collateral is minimised
- Guarantees are returned and cancelled at earliest possible opportunity
- Support to CFO on any refinancings
- Compliance, Process and Controls - Ensure Finance Teams operate bank accounts in accordance with Treasury Policies and SOMA
- Qualified Treasury professional (AMCT) or Accountant (CA / ACA / ACCA / CIMA) or “qualified by experience”
- Significant experience in a Treasury role within an International Group
- Ability to anticipate, identify and resolve complex financial issues
- Strong leadership skills

**The Package**:
**Salary**: £90,000 - £110,000 depending on experience

Bonus: Up to 20%

Free parking in Edinburgh city centre, private healthcare, plus more

**Job Types**: Full-time, Permanent

**Salary**: £90,000.00-£110,000.00 per year

**Benefits**:

- Company pension
- Free parking
- On-site parking

Schedule:

- Monday to Friday

Supplemental pay types:

- Bonus scheme

Ability to Commute:

- Edinburgh (required)

Ability to Relocate:

- Edinburgh: Relocate before starting work (required)

Work Location: In person