Interim Treasury Manager
Department
Finance
Location
UK / International Region
Reports To
Head of Tax & Treasury
Role Purpose
The Interim Treasury Manager will be responsible for supporting the stand-up and ongoing management of the International Treasury function following the separation of the business from the previous parent organisation.
The role will take ownership of day-to-day Treasury operations, cash visibility, banking administration, liquidity reporting, Treasury controls and policy documentation. In addition, the role will support the development of a more structured treasury governance framework, including documented policies, processes, controls and a Treasury Committee.
This is a key role requiring both hands-on operational treasury experience and the ability to design and improve Treasury processes in a changing international business environment.
Key Responsibilities
Treasury Policy and Governance
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Develop, document and implement an appropriate Treasury Policy, or suite of Treasury policies, for the International business.
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Ensure Treasury policies are suitable for the size, structure and risk profile of the organisation.
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Cover key areas including cash management, liquidity, banking, approvals, payment controls, intercompany funding, FX exposure, interest income and Treasury reporting.
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Work with Finance leadership to agree Treasury governance standards, approval levels and escalation routes.
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Ensure policies are clear, practical and capable of being followed by Finance and business stakeholders across the International region.
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Review existing Treasury practices and identify gaps, risks or areas requiring formalisation.
Treasury Processes and Controls
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Put in place documented Treasury processes and controls across key Treasury activities.
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Document procedures for cash forecasting, cash positioning, bank account management, payment approvals, liquidity reporting, FX exposure review and Treasury reporting.
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Establish clear controls to reduce risk, improve visibility and strengthen financial governance.
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Ensure appropriate segregation of duties across Treasury activities, payment approvals and banking administration.
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Review current banking access, mandates and approval processes, making recommendations for improvement where required.
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Support internal control requirements, audit and KYC readiness by maintaining clear process documentation and evidence of approvals.
Treasury Committee
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Support the creation and operation of a Treasury Committee.
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Draft proposed terms of reference, including purpose, membership, frequency, reporting requirements and decision-making authority.
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Prepare Treasury reporting packs for committee meetings, including cash position, liquidity, key risks, FX exposure, banking matters and action tracking.
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Ensure decisions and actions from Treasury Committee meetings are documented and followed up.
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Work with senior Finance stakeholders to embed Treasury Committee governance into the wider Finance operating model.
Cash Management and Liquidity
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Review current cash management processes and identify options to optimise cash visibility, cash utilisation and interest income.
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Support improved daily, weekly and monthly cash reporting across the International region.
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Review cash pooling, bank account structures, intercompany balances and trapped cash where relevant.
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Identify opportunities to reduce idle cash and maximise interest income within agreed risk parameters.
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Work with Finance teams to improve cash forecasting accuracy and reporting discipline.
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Provide clear recommendations to Finance leadership on short-term and medium-term cash optimisation opportunities.
FX and Hedging
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Review current foreign exchange exposures across the International business.
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Identify any material FX risks requiring monitoring, reporting or potential hedging action.
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Support the review of FX hedging needs, including exposures linked to Turkey and any risk of unexpected currency devaluation.
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Work with Finance leadership to assess whether hedging arrangements are required and ensure any proposed approach is supported by appropriate policy and governance.
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Document FX exposure review processes and reporting requirements.
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Support the development of clear controls around FX decisions, approvals and execution.
Banking and Treasury Operations
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Manage day-to-day Treasury operations, including cash positioning, liquidity monitoring and banking administration.
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Support banking relationships and ensure bank account structures are fit for purpose.
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Maintain visibility of bank accounts, mandates, authorised signatories and online banking access.
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Ensure payment approval processes are controlled, documented and aligned with company policy.
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Support the transition and stabilisation of Treasury activities following the business separation and Finance restructure.
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Provide Treasury support to local Finance teams across the International region.
Reporting and Stakeholder Management
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Prepare regular Treasury reports for Finance leadership.
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Provide clear updates on cash position, liquidity, risks, treasury actions and key decisions required.
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Work closely with Tax, Finance, FP&A, Accounting and local country teams.
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Support senior stakeholders with Treasury analysis and recommendations.
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Act as a key point of contact for Treasury-related queries across the International region.
Key Deliverables
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Documented Treasury Policy or suite of Treasury policies.
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Documented Treasury processes and controls.
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Proposed Treasury Committee structure and terms of reference.
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Treasury Committee reporting pack and action tracker.
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Review of cash management and interest income optimisation opportunities.
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Review of FX exposure and potential hedging requirements.
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Improved cash reporting and liquidity visibility.
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Review of banking access, mandates and approval controls.
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Clear Treasury governance framework for the International business.
Skills and Experience Required
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Strong Treasury experience, ideally within an international or multi-country business.
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Experience of setting up or improving Treasury policies, processes and controls.
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Strong understanding of cash management, liquidity reporting and banking operations.
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Experience reviewing FX exposure and hedging requirements.
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Understanding of Treasury governance, approvals, controls and audit requirements.
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Ability to operate both strategically and hands-on.
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Strong stakeholder management skills, including working with senior Finance leaders.
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Experience in a business undergoing change, carve-out, restructuring or transformation would be highly beneficial.
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Strong analytical and reporting skills.
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Ability to work at pace and bring structure to a developing Treasury function.
Personal Attributes
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Practical and hands-on.
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Strong attention to detail.
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Confident working with senior stakeholders.
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Able to build structure and process in a changing environment.
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Commercially aware and risk-conscious.
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Clear communicator.
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Comfortable working independently and taking ownership.
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Able to balance immediate operational priorities with longer-term process improvement.
Desirable Experience
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Experience supporting Treasury function stand-up following a carve-out, sale or business separation.
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Experience working with Private Equity-backed businesses.
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Experience with Treasury policies, committees and governance frameworks.
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Experience with Turkey or other higher currency volatility markets.
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Experience reviewing cash optimisation, interest income and FX risk.
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Experience implementing or improving Treasury controls and banking processes.
