Treasury Manager

Job Title: Treasury Manager

Business: Finance – Treasury

Location: Port Talbot

Band: 39,000 – 45,000

Closing Date: Sunday 15th August 2021

We currently have the opportunity to recruit a Treasury Manager into our UK based Treasury team, in South Wales.

The Role

As the Treasury Manager, you will support the Head of Treasury for Tata Steel UK (TSUK) to manage short term cash forecasting and cash management on behalf of the TSUK Group.

In this capacity, you will also be required to maintain various internal and external financing arrangements, including both on and off balance-sheet structures, routine reporting, ad hoc projects and financing for the TSUK Group.

Your key accountabilities will include, but not be limited to the following:

• Preparation of Short Term Cash forecast for the TSUK Group on daily basis. Preparing daily and weekly reports for various internal and external meetings with commentary explaining the financial and market movements
• Management of short term cash management and financing facilities of the TSUK Group
• Support the Head of Treasury TSUK in driving the Short Term Cash management discipline in the TSUK Group including organising cash action meetings on weekly / monthly and quarterly basis
• Monitor compliance with the Groups finance agreements, joint venture arrangements, intra-group transactions, guarantees and subsidiary indebtedness
• Responsible for the negotiation and development of trade finance, bonding, guarantee and subsidiary financing facilities across the Group and ensure the maintenance of a database of all such current facilities and their utilization
• Ensure that the control environment of Treasury operations is robust and supports the safeguarding of assets and secure transmission of funds originated within the treasury operations
• Assist with the implementation of and compliance with treasury policies and procedures taking into account the wider Tata Steel Group
• Monitor and maintain Treasury counter party limits in accordance with Treasury policies and propose additions/deletions/amendments to the Treasury counterparty policy from time to time
• Support the Treasury operations in maintaining and developing Treasury and cash management systems as well as assisting with the development and maintenance of business continuity plans
• Support Treasury operations with monthly, quarterly and annual reporting requirements to Group Finance. Supporting Group Finance team to reconcile the Short Term Cash forecast with the financial projections prepared by the Group Finance team
• Support the Head of Treasury TSUK on ad hoc projects originated internally (mostly corporate finance, Mergers & Acquisitions and tax initiatives) as well as from within the wider Tata Steel Treasury and finance community

The Candidate

To be considered for this opportunity, you will be educated to degree level, with a recognised accounting and / or Treasury qualification (CIMA, ACCA, ACA, ACMT). You will require broad experience in a finance function, including specific experience in Treasury, Accounting and/or banking or other financial shared services. Along with this you will require financial analysis skills coupled with strong communication skills (both verbal and written).

From a systems perspective, you will require strong MS Office skills, with MS Excel skills being of paramount importance. Previous knowledge of Treasury Management Systems would be desirable but not essential, as would experience of Tata Steels Systems & Processes.

The cross functional nature of the role will require strong interpersonal skills, and you will need to be work closely with other department in order to achieve goals and be able challenge the business robustly (across all levels) to ensure cash discipline.

In addition to this, you will require the ability to work in a fast paced, high pressure team environment, and be comfortable working with inter-changeable responsibilities within it.

The Benefits

Tata Steel UK offers their employees significant benefits packages. For this role, you will benefit from:

• A market competitive salary
• 35 days holidays per annum
• Annual Pay Review
• Annual Bonus Scheme subject to business performance
• Private Healthcare Scheme (Individual cover)
• One of the UKs leading defined contribution pension schemes (10% employer contribution / 6% employee contribution)

We also have an extensive list of lifestyle benefits including free onsite parking at all of our sites, an employee assistance programme as well as discounts with local and national retailers and services.

Employee discount scheme for companies including Vodafone, Nissan, Jaguar Land Rover and also various local services

The Business

Tata Steel is one of the worlds top 10 steel producers. The combined group has an annual aggregate crude steel capacity of more than 33 million tonnes with approximately 80,000 employees across four continents. Were part of the Tata Group, one of the largest, most diverse conglomerates in the world with businesses in the UK including Tata Steel, Jaguar Land Rover and Tetley Tea.