Rentokil Treasury operations are centrally managed, and the Group Treasury department is responsible for raising all required funding for the group. Group Treasury also manage all of the group bank accounts via notional or Zero Balance Adjusted pooling structure and are responsible for all interest-bearing intercompany loans arising from the pool structure or from the distribution of funds.
The back-office operations team is responsible for ensuring all the above transactions are recorded correctly in the TMS and reported accurately in the treasury Monthly Management Accounts (MMA), and for ensuring that all hedge documentation is maintained. The back-office team also provides various reports to the Treasury Committee regarding interest cost, cash, debt and counterparties in a monthly treasury pack. In addition, the team is responsible for maintaining all treasury systems and ensuring that there are operating controls in place in these systems to prevent error or fraud.
This role is a key part of the treasury back-office team and have the following summarised responsibilities.
Original source: Indeed