Head of Treasury

Founded in 2012, Verne is a powerhouse of sustainable digital infrastructure in Northern Europe, developing world-class, technology-driven data centres in optimal geographic locations, all powered by 100% renewable energy

Its highly competitive total cost of ownership to customers, green credentials and best-in-class availability makes Verne a market-leading choice for organizations running high-performance computing (HPC) workloads, notably AI, Machine Learning and Large Language Models (LLM).

Sustainability has been at the heart of the company's mission since its inception, helping customers to scale their digital infrastructure cost-effectively while reducing their carbon footprint. Verne currently operates with 100% renewable energy in Iceland and 100% decarbonized energy in Finland and the UK.

Following the acquisition in 2024 by Ardian, a world-leading private investment house, there is a large scale investment programme in place of upto $1.2bn to fund an ambitious and sustainable expansion plan across Northern Europe.

This is a very exciting time to join Verne for an individual who enjoys ownership and the opportunity that comes with working for high growth organisation in one of the most advancing areas of the digital world.

About the Role:

Treasury

This newly created role, is seeking an experienced and hands-on Head of Treasury to lead and optimise the group treasury operations. Reporting to the CFO this is a newly created and pivotal role, which forms part of the Financial Leadership Team, you will be required set up and optimise the group treasury function, managing financial assets, debt, liquidity and risk.

You will work closely with the CFO to ensure the business has the right capital structure in place, access to funding, and risk mitigation strategies in place.

The Head of Treasury will design and implement a centralised treasury model, delivering improved visibility, control, efficiency, and scalability in support of our growth. Alongside Treasury activities you will be responsible for overseeing the outsourced tax compliance activities for the group.

Key Responsibilities:

Liquidity & Cash Management

· Ensure the company has sufficient cash to meet its obligations.

· Oversee daily cash operations, short-term borrowing, and investments.

Funding Strategy & Capital Structure

· Working alongside the CFO, develop and execute financing strategies, including debt issuance, working capital facilities, and equity transactions.

· Manage relationships with banks, credit rating agencies, and investors.

Risk Management

· Identify and hedge against financial risks such as FX, interest rate, and commodity price exposures.

· Implement and monitor treasury policies and controls.

Banking Relationships

· Manage the group's banking arrangements and review structure.

· Negotiate fees, lending terms, and covenants.

Treasury Operations & Systems

· Define and implement best practice policies, processes, and governance frameworks.

· Enhance automation and reporting, improving processes for payments, reconciliations, and compliance.

· Implement treasury management systems (TMS) and automation initiatives.

· Own and drive initiatives to improve working capital process

Treasury Compliance & Reporting

· Ensure compliance with regulatory requirements and internal policies.

· Report on treasury activities to the CFO and board.

Tax Compliance

· Manage the outsourced tax compliance for the group and ensure returns, reports and payments are timely files and appropriately documented globally.

Key Requirements:

· Professional qualification (ACT, CFA, ACA, or equivalent) preferred.

· Minimum of 7 years' experience in corporate treasury, finance, or consulting.

· Ideally possess a track record of delivering treasury process improvement

· Strong understanding of cash management, intercompany funding and bank relationship management.

· Experience implementing or optimising TMS (e.g, Kyriba, Quantum, SAP Treasury).

· Excellent project management and stakeholder engagement skills.

· Strategic thinker with strong analytical capabilities and hands-on execution ability.

· Tax experience is desirable not essential for this role.