Treasury Manager

Role: Treasury Manager

Location: Blackburn, BB1 2FA - Office Based

Contract: Full-Time Hours / Permanent

Salary: £47,025 - £57,475 Dependent on experience & Discretionary Bonus Scheme

Company: EG Group

About the Role…

EG Group are excited to present a new opportunity for a Treasury Manager to join our motivated Group Treasury team in Head Office! In this role, the Treasury Manager will be responsible for Trade Finance, managing a $500m portfolio of guarantee, L/C and bond and surety bond issuance, as well as driving the controls framework across the Group Treasury function.

This role will involve working with a new cloud-based cash forecasting platform and a project to implement a global treasury management system (TMS). Reporting to the Deputy Group Treasurer, the successful candidate will be responsible for liaising with the Group Reporting and Applications Manager, EY the Head of IT Risk & Control, and the IT Risk & Control Manger.

Duties & Responsibilities

• Creating Financial Instruments, managing the end-to-end process of creating bank guarantee and bond globally required for project execution, ensuring accuracy and compliance with relevant regulations and KYC.
• Strategic Recommendations: Provide recommendations to senior management regarding Treasury strategies, risk management and capital allocation.
• Ensuring deal compliance: The middle office ensures that all Treasury deals are transacted in accordance with authorization rules (Delegation of authorities). This involves verifying that transactions adhere to established guidelines and policies.
• Monitoring limits: The middle office monitors exposure limits, managing risk, and promptly report any breaches.
• Counterparty Management: The middle office evaluates counterparties (such as banks and other financial institutions and evaluates creditworthiness. Effective counterparty management is essential for minimizing risk.
• Bank Accounts and dealing mandates. Maintain and mange bank accounts and dealing mandates. This involves ensuring that authorised personnel have the necessary access and permissions.
• Process improvements: Contribute to process improvements and automation initiatives to stream-line Treasury operations and enhance efficiency.

This list is not exhaustive and may be added to or amended from time to time.

Candidate Requirements

• A graduate, ideally holding an ACT certificate in Treasury Fundamentals.
• Minimum 3 years Treasury experience, including transactional banking, cash management, liquidity, forex, and interest rate risk management acquired within a large, international organization, and solid understanding of UK and European banking regulations.
• With particular emphasis on Trade Finance, issuing: Letters of Credit, bank guarantees, Surety Bonds and Treasury Controls
• Focused on delivery and able to work accurately under pressure and meet tight deadlines.
• Good level of Excel (Lookups, PivotTables, etc.)
• Knowledge of TMS systems preferred and SAP knowledge would be beneficial.

Key Competencies:

• Stakeholder Relationships
• Financial Analysis & Reporting
• Cash Management
• Treasury Management
• Processing & Recording Financial Transactions
• Risk Management
• Financial Modelling
• Finance Systems Expertise

Benefits & Rewards

• Performance Based Bonus Scheme
• Employee Life Assurance
• EG Group Discounts - up to 15% off at our stores and food to go restaurants
• ASDA Discount Card - 10% off all ASDA storesEG Cares Benefits - exclusive discounts across 900 retailers
• Smart Health - 24/7 online GP access, health checks and health and wellbeing support
• Employee Assistance Programme - access to our Wellbeing Centre which offers emotional & practical support including free financial advice
• Learning & Development - access to our Learning Hub, the most extensive online course library in the world to support you with every step of your career at EG Group
• Waterside Café - freshly prepared meals at affordable prices
• Free Secure Car Parking
• Dress Down Fridays
• Flexi-Time
• Prayer and Ablution Facilities
• Shower Facilities
• Sit / Stand Desk Facilities
• Work Anniversary Rewards
• Free Eye Test

Who are EG Group?

EG Group is one of the world’s leading independent convenience retailers with an extensive network of sites across international markets in the United Kingdom & Ireland, Continental Europe, Australia and the United States of America.

Founded in 2001 by the Issa family with the acquisition of a single site in the UK, today the company is at the forefront of delivering an innovative approach to forecourt convenience retail.

At EG Group, we pride ourselves on being recognised for our investment model, trading performance and more importantly, providing a best-in-class customer experience in Grocery & Merchandise, Foodservice and Fuel.

Our transformational convenience retail business model has been built upon excellent relationships with an extensive portfolio of leading retail brands, and through strategic network acquisitions supported by a program of new-to-industry developments.

Every day, our committed workforce tirelessly delivers our products and services to millions of customers alongside supporting the local communities in which we operate.

Please note - the successful applicant will be subject to a DBS check which will be funded by EG Group.