Our client a leader within Irelands energy Industry is seeking a Treasury Accountant to join their Group Finance operations.
The role holder is responsible for the management of and regular reporting on the company’s treasury activities. This includes developing a detailed understanding of the funding requirements for each business across the whole Group; development of corporate models for the medium and long term; managing the Group’s funding, liquidity and exposure to interest and foreign exchange rate risks; ongoing development of the Treasury Policy; matching funding terms with respective capital investment programmes; negotiation of credit facilities with various banks; management of liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities.
Reporting Relationship: Group Financial Controller
Key Responsibilities
• Working closely with our Corporate Finance advisors on putting significant funding in place for investment in Offshore infrastructure development. Including the funding process, liaising with existing lenders, negotiating with new lenders and seeking relevant Ministerial consents.
• Monthly reporting of treasury position including Quarterly reporting to the Board.
• Develop a detailed understanding of the funding requirements for each business across the entire Group.
• Development of corporate models for the medium and long term to address issues such as funding requirements for significant infrastructure projects, lender requests, dividend frameworks, regulatory modelling etc.
• Matching funding terms with respective capital investment programmes.
• Development of new lending facilities with various banks to support day-to-day cash flow projections and requirements.
• Continuously monitoring of forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities.
• Management of cash balances including the security of placing deposits, assessing returns from deposits and minimizing interest costs in accordance with the Group treasury policy.
• Managing an appropriate risk management framework for the Group’s short, medium and long-term funding and liquidity management requirements.
• Management of liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities.
• Managing the Group’s exposure to interest and foreign exchange rate risks.
• Knowledge of and compliance with various conditions of lending agreements, including timely settlement of obligations.
• On-going development and compliance of the Group treasury policy to respond to regular changes in the funding situation.
• Management of reporting requirements to banks and other institutions as required.
• Management of the treasury TWIN system, including inputs and reporting on a regular basis.
• Assisting the wider business with ad hoc treasury matters e.g. grant applications, project reporting, compliance reporting etc.
• Dealing with internal and external auditors in relation to treasury matters.
• Contribute to the year end process and the budgetary process as it relates to treasury accounting and disclosures.
• The person appointed may be expected to play a role in the development of company’s financial systems.
• The role holder will be expected to support the activities of colleagues in Group Finance and the wider Finance team.
Profile
With minimum five years’ experience the role holder will be a qualified accountant with key responsibility for the Treasury activities.
Knowledge, Skills and Experience
• Experienced qualified accountant (ACA/ACCA), with a minimum of 5 years’ previous experience within a busy finance department
• Experience of corporate treasury matters, including developing new lending facilities
• Experience of financial modelling
• Proven ability to work well under pressure and to strict deadlines.
• Demonstrated organizational skills and the ability to operate on own initiative.
• Excellent MS Office skills
• Strong analytical skills
• Strong attention to detail and ability to organise.
• Working knowledge of Dynamics AX or similar financial packages
• Proven ability to develop and maintain strong working relationships with internal and external stakeholders.