Group Senior Treasury Analyst
Rutherford Cross
Published
May 11, 2023
Location
Edinburgh, United Kingdom
Category
Default  
Job Type
Region
- Edinburgh
Sector
Industry and Commerce
Specialism
Treasury
Salary Guide
Competitive and Commensurate with Experience

Description

The Company:

Baxters Food Group is a fourth generation privately owned entrepreneurial business which specialises in the manufacturing of premium quality, primarily branded, food products. The Group's product range includes soup, beetroot, chutney, condiments, preserves and meal options.

Since Baxters began operation in 1868 a lot has changed, but their dedication to making only the best quality products has always been at the core of everything they do. The Baxters brand has grown from a humble village store to a global brand with a turnover of over £450m.

With the sheer scale of operation, Baxters now has sites based throughout the UK and food manufacturing operations in the USA, Australia, and Poland. The science and technology that underlies their process today may be far removed from the little village shop that started it all in Fochabers, but the ethos remains the same - “Be different, be better”.

Baxters now finds its product being sold in major supermarket chains such as Asda, Tesco, Sainsbury’s and many more, which has contributed to the large-scale growth of the business. Baxters’ Head Office is situated in Charlotte Square in Edinburgh, and this is where oversight of the Group operation takes place.

 

The Role:

A new vacancy based in Edinburgh has arisen within Baxters, representing an excellent opportunity for a Group Senior Treasury Analyst to join their team.

This role offers a fantastic opportunity to further your career within a reputable business that has made itself a well-established household name over many years.  Reporting Directly to the Group Treasurer, this position has important stakeholder management responsibilities to support Group Finance, WAB Board, Executive Board, Strategic Business Units (“SBU’s”), external advisors and funders / banks.

This role requires the individual to establish and maintain strong working relationships with all of the following parties including two-way information flow across Group Finance, WAB Board, Executive Board, Strategic Business Units (“SBU’s”), external advisors and funders / banks.

The individual will support the Group’s treasury function and will be involved in special projects including funding transactions, system implementations and ad hoc confidential projects.

The role will entail the provision of financial and strategic support to Executive Management and will provide expert input into all treasury and forecasting related decisions combining a commercial focus with high levels of integrity.

 

Specific Duties and Responsibilities:

Group Cash Management:

  • Support delivery of global cash flow forecasts ensuring effective Group cash management
  • Daily management of material Group cash transactions in coordination with SBU finance teams
  • Management of Treasury financial instrument cash flows
  • Monitor and report on the Group’s liquidity & cash flow covenant requirements
  • Manage the bank accounts controlled by Group including associated administration
  • Assist MIS in the management of banking systems

Banking Funders:

  • Provide on-going support and monitoring of Group bank facilities including covenant compliance
  • Certification and provision of management information to bank funders
  • Assist in building strong working relationships and contacts across existing funders

Group Treasury Reporting:

  • Manage hedge accounting and provide expertise into hedge accounting across the Group
  • Monitor hedge effectiveness, documentation and testing of hedges
  • Prepare disclosure notes under IFRS9
  • Month end accounting reconciliations and P&L validation on all Treasury related balances
  • Treasury submissions to FP&A, including financial covenant compliance projections

Treasury Policy and Reporting:

  • Assist the Treasurer to develop, improve, monitor & control the Group’s Treasury Policy
  • Assist with all Group Treasury Reporting requirements

Financial Instruments:

  • Undertaking derivative, cash management and other treasury transactions including Forward exchange contracts, currency options and SWAPs consistent with Group Treasury Policy

Corporate Development:

  • Support Treasury strategy through debt refinancing and capital structure
  • Identify and implement appropriate Treasury Management software as required

 

The Individual:

We are ideally looking for candidates with the following:

  • A professional qualification (e.g., ICAS or ACT) or equivalent experience
  • Previous experience working within a treasury function or the desire to progress their finance career within a treasury function
  • Ability and desire to work in a consistently evolving environment and manage conflicting priorities
  • Ability to work across functions and communicate effectively with a variety of different, senior stakeholders
  • Ability to manage and prioritise multiple tasks effectively with good attention to detail
  • A continuous improvement and growth mindset
  • Well-developed interpersonal skills and ability to establish quick and credible relationships with key stakeholders across our global operations
  • Confidence to deal with external partners like banking institutions / funders etc.
  • Previous experience in ERP data interrogation, reporting and analysis would be beneficial but not necessary

 

Remuneration:

Salary: Competitive in line with experience

Benefits: Hybrid working, Pension contributions, holiday allowance, life assurance, and health insurance

For more information on remuneration please contact Amy Ferguson at Rutherford Cross at [email protected] or on 07535091141

 

The Recruitment Process:

  • First round interviews will be carried out by our retained advisors at Rutherford Cross
  • Second stage interview will be with Gareth Riach – Group Treasurer and Clyde Marwick – Group HR and Communications Director
  • Applications should be sent to [email protected]

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