Head of Treasury
TR/080125
Posted: 04/12/2025
- PAYE Negotiable
- Scotland, Aberdeen City, Aberdeen
- Contract
Our Oil & Gas Operator client is currently recruiting for the position of Heady of Treasury based in Aberdeen.
This is an initial 12-month contract with a view to extension. 3/2 hybrid working.
Reporting to the CFO, the Head of Treasury is responsible for leading the Treasury and Accounts payable teams.
The role is responsible for ensuring that the company efficiently manages it liquidity, pays vendors on time, identifies and reduces FX and Commodity risk and operates within the parameters set in the Treasury Policy.
Role Deliverables and Responsibilities:
Part of the Finance Leadership team involved in setting the strategy for the Finance function.
Accountable for managing company’s liquidity and cash balances including instigating deposits, optimising the banking footprint and ensuring availability of adequate working capital facilities.
Alongside the Commercial Team, jointly responsible for the management and optimization of bank guarantees, parent company guarantees and letters of credit, bank accounts and escrow accounts including the Decommissioning Security Agreements.
Accountable for managing intercompany loan positions, cash centralisation and dividends while maintaining the integrity of the inter-company loan matrix and ensuring compliance with legal and operational guidelines.
Responsible for the integrity of all accounting in the company.
Responsible for identification, execution and management of FX and commodity hedges to mitigate currency risk within the Company’s operations and financing structure.
Manage processes, policies and controls to support robust reporting, ensure timely and effective financial / management reporting and relevant forecasting of treasury activity and hedge positions to the CFO and the Board.
Ensure all ledgers are maintained, supplier and customer reconciliations and reports are completed accurately and on time (for example GRIR)
Responsible for the aged creditors, to ensure no monthly/year-end surprises, and co-ordinate the aged debt and aged creditor review with the wider Finance Operations team
Ensure issues are resolved quickly for all internal and external stakeholders
Lead the annual reviews of the Treasury policy, Commodity Hedging Policy, Treasury and Banking delegation of authority, bank mandates and bank portal access.
Ensure the integrity of the Treasury management system, Medius AP system and all banking systems.
Always seek improvement in process or systems to further minimise costs and increase efficiency in the function.
Build and maintain positive working relationships with Shareholder Treasury Functions, company’s banking relationship managers and any other key stakeholders.
Communicates and influences with impact, clarity and conviction, leading effective change and providing regular and appropriate team, business and organisation updates.
Consults and listens, taking on ideas, building rapport and enabling effective two-way communication.
Leads the development and management of their workforce and resourcing plan effectively, within the planning cycle, ensuring employee wellbeing (holidays, working time, etc.) is given due consideration alongside business and cost requirements.
What we are looking for:
Full understanding of accounting standards for statutory and management reporting requirements and practical application.
Full understanding of corporate governance and regulatory guidelines and practical application.
Expert knowledge of relevant business processes end to end.
Translates the business strategy into actions considering the trends of the internal and external environment and their impact on business performance.
Strong controls & data integrity focus.
QUALIFICATIONS
Accounting qualification (ACCA, CIMA, ICAEW, ICAS)
Relevant University Degree
Association of Corporate Treasurers qualification
Work Experience:
Previous relevant recent treasury experience, ideally in a large multi-currency and corporate / O&G environment
Certifications:
Mandatory Training required: All company mandatory training as requested, including Compliance training usually provided annually.
Contract position
If you feel that you are well suited to the above opportunity and would like to find out more then please contact Orion Group for more information or apply by forwarding your current CV quoting reference: TR/080125.
Our role in supporting diversity and inclusion
As an international workforce business, we are committed to sourcing personnel that reflects the diversity and values of our client base but also that of Orion Group. We welcome the wide range of experiences and viewpoints that potential workers bring to our business and our clients, including those based on nationality, gender, culture, educational and professional backgrounds, race, ethnicity, sexual orientation, gender identity and expression, disability, and age differences, job classification and religion. In our inclusive workplace, regardless of your employment status as staff or contract, everyone is assured the right of equitable, fair and respectful treatment.
This is an initial 12-month contract with a view to extension. 3/2 hybrid working.
Reporting to the CFO, the Head of Treasury is responsible for leading the Treasury and Accounts payable teams.
The role is responsible for ensuring that the company efficiently manages it liquidity, pays vendors on time, identifies and reduces FX and Commodity risk and operates within the parameters set in the Treasury Policy.
Role Deliverables and Responsibilities:
Part of the Finance Leadership team involved in setting the strategy for the Finance function.
Accountable for managing company’s liquidity and cash balances including instigating deposits, optimising the banking footprint and ensuring availability of adequate working capital facilities.
Alongside the Commercial Team, jointly responsible for the management and optimization of bank guarantees, parent company guarantees and letters of credit, bank accounts and escrow accounts including the Decommissioning Security Agreements.
Accountable for managing intercompany loan positions, cash centralisation and dividends while maintaining the integrity of the inter-company loan matrix and ensuring compliance with legal and operational guidelines.
Responsible for the integrity of all accounting in the company.
Responsible for identification, execution and management of FX and commodity hedges to mitigate currency risk within the Company’s operations and financing structure.
Manage processes, policies and controls to support robust reporting, ensure timely and effective financial / management reporting and relevant forecasting of treasury activity and hedge positions to the CFO and the Board.
Ensure all ledgers are maintained, supplier and customer reconciliations and reports are completed accurately and on time (for example GRIR)
Responsible for the aged creditors, to ensure no monthly/year-end surprises, and co-ordinate the aged debt and aged creditor review with the wider Finance Operations team
Ensure issues are resolved quickly for all internal and external stakeholders
Lead the annual reviews of the Treasury policy, Commodity Hedging Policy, Treasury and Banking delegation of authority, bank mandates and bank portal access.
Ensure the integrity of the Treasury management system, Medius AP system and all banking systems.
Always seek improvement in process or systems to further minimise costs and increase efficiency in the function.
Build and maintain positive working relationships with Shareholder Treasury Functions, company’s banking relationship managers and any other key stakeholders.
Communicates and influences with impact, clarity and conviction, leading effective change and providing regular and appropriate team, business and organisation updates.
Consults and listens, taking on ideas, building rapport and enabling effective two-way communication.
Leads the development and management of their workforce and resourcing plan effectively, within the planning cycle, ensuring employee wellbeing (holidays, working time, etc.) is given due consideration alongside business and cost requirements.
What we are looking for:
Full understanding of accounting standards for statutory and management reporting requirements and practical application.
Full understanding of corporate governance and regulatory guidelines and practical application.
Expert knowledge of relevant business processes end to end.
Translates the business strategy into actions considering the trends of the internal and external environment and their impact on business performance.
Strong controls & data integrity focus.
QUALIFICATIONS
Accounting qualification (ACCA, CIMA, ICAEW, ICAS)
Relevant University Degree
Association of Corporate Treasurers qualification
Work Experience:
Previous relevant recent treasury experience, ideally in a large multi-currency and corporate / O&G environment
Certifications:
Mandatory Training required: All company mandatory training as requested, including Compliance training usually provided annually.
Contract position
If you feel that you are well suited to the above opportunity and would like to find out more then please contact Orion Group for more information or apply by forwarding your current CV quoting reference: TR/080125.
Our role in supporting diversity and inclusion
As an international workforce business, we are committed to sourcing personnel that reflects the diversity and values of our client base but also that of Orion Group. We welcome the wide range of experiences and viewpoints that potential workers bring to our business and our clients, including those based on nationality, gender, culture, educational and professional backgrounds, race, ethnicity, sexual orientation, gender identity and expression, disability, and age differences, job classification and religion. In our inclusive workplace, regardless of your employment status as staff or contract, everyone is assured the right of equitable, fair and respectful treatment.
Alan Patterson
Office Account Manager
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