Treasury Manager
Brackley, UK
At the Mercedes-AMG Petronas Formula One Team, a group of passionate and determined people work to design, develop, manufacture and race the cars driven by seven-time World Champion Lewis Hamilton and race winner George Russell.
Whether working in our Operations, Technical, Race or Business Support functions, we are all in and aspire to build the greatest team in the history of our sport.
Every individual plays their part. No stone is left unturned in the chase for every tenth of a second. The history of our sport is long and rich and we are continuing our journey with renewed effort year on year. Record books remember the names of a few, but history is written by the many.
About the Role:
As a Treasury Manager you will be responsible for forecasting all cashflows across a number of currencies and ensuring the optimisation of surplus liquidity.
You will be implementing the Treasury policy for the team including processes to invest in money market funds and/or term deposits. You will analyse deviations to forecasted amounts and updates to 12 month rolling forecasts, including ensuring covenants have the appropriate headroom.
Your responsibilities will include:
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Responsible for ensuring MGP’s liquidity is maintained by way of information transparency.
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Active management of working capital, identifying gaps and working on necessary funding arrangements.
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Weekly cashflow management including identifying currency gaps and organising purchase or sale of currency.
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Regular cashflow forecasting as part of planning cycles and when required for Board and shareholder reports.
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Preparation of monthly cashflow shareholder reporting information and supporting analysis.
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Variance analysis of actuals to forecasted amounts.
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Evaluation of liquidity and currency risks to the business, followed up with risk management proposals and implementation.
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Manage the optimisation of surplus liquidity, creating processes to invest in money market funds and/or term deposits.
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Advising on an appropriate treasury policy and reporting on compliance post-implementation.
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Reporting on financial covenants and managing appropriate headroom for financing facilities.
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Ownership of intercompany loan agreements and ensuring liquidity is optimised across the group.
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Preparation of ad hoc cashflow modelling, including ongoing concern review.
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Preparing contributions for balance sheet forecasting for two annual planning cycles and variance to plan analysis monthly.
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Bank relationship management and being a main point of contact for banking queries.
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Review of strategic banking relationships.
To be successful you will have:
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CertTF, ACT or AwardICM Qualified Accountant with proven post qualified treasury experience and forecasting.
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Excellent knowledge of direct and indirect cashflows.
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Adaptable and embraces a fast paced environment.
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Demonstrable data analysis skills.
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Ability to work effectively as both part of a team and using own initiative.
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Attention to detail and proficiency to self review.
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An effective communicator that can take complex financial information and present.
Benefits:
Our riverside campus is powered by 100% renewably sourced energy and features an on-site gym and exercise studio, subsidised restaurant and on-site parking with EV chargers available.
We offer a competitive and attractive package of benefits including a generous bonus scheme, Mercedes car lease scheme, private medical cover, life assurance and 25 days holiday. We pride ourselves on our family-friendly environment, employee well-being programme and offer flexible working opportunities.
Why us:
At the heart of our performance are our people. Every member of our team has a voice and plays their part in contributing to our successes on and off the racetrack. We take pride in creating an innovative, collaborative and high-performance culture where all of our team members are respected, empowered and valued.
Through our Accelerate 25 programme, we are continuously working to make our team even more diverse and inclusive. Whatever your background, we believe that you will find working with us rewarding and enriching.