Treasury Manager - FTC

Job Description: Venator is currently recruiting for a Treasury Manager to join the Treasury team, on a 9-month fixed term contract. Reporting to the Assistant Treasurer, this role takes management responsibility of Venator’s global cash and liquidity management, financial risk management including Interest Rate and Foreign Exchange (FX) risk, financial modelling, and management reporting. The role will manage the Venator Corporate Treasury function, through the ownership of our global cash management and liquidity operations, including partnering with corporate and business units to enhance cash visibility and cash flow forecasting. The role will also take the project lead on key Treasury initiatives; policy and procedure reviews, debt issuance and liability management, as well as supporting M&A, credit rating and bank relationship management and contribute to the further development of the Group Treasury function. Job responsibilities include: Cash & Liquidity Management Oversee the day-to-day operations on all cash balances, In-House bank and funding requirements including intercompany loans and monthly netting of intercompany, Partner with business units and banks to enhance services, reduce costs and increase visibility and accessibility of cash across the group. Lead global short term cash flow forecasting process to identify and proactively manage the global cash needs of all the business on an individual account level, so the liquidity needs are consistently delivered including funding of all bank accounts and managing cash pooling arrangements. Oversee the day-to-day operations on processing of payment proposals, ad hoc payment requests and liaising with banking partners on payment queries or problems. Management of all bank accounts and cash management set up including connectivity with the Treasury Management System. Support the delivery of the Treasury management system in terms of designing and set up of new Treasury processes within the system. Support the Assistant Treasurer on the implementation of any capital market initiatives optimizing our capital structure. These can include cash management structure, debt raising, liability management, refinancing of credit facilities and acquisition financing. Debt Management Coordinate the preparation, review and delivery of all debt covenant analysis and compliance reporting for our external debt. Lead the modeling on quarterly forecasted scenarios impacting covenant headroom and rating agency credit metrics. Work with FP&A on the updated forecasted position each month on liquidity, facilities and covenant compliance. Ensure that senior management are given early warning of any potential covenant breaches or rating agency metric problems. Day to day debt management, roll over of loans, interest payments, reporting obligations and monthly borrowing base certificate. Of the back of external loans, the onward internal loans needs to be set up, documented and managed on a monthly basis including any underlying revaluations/ FX exposures. Management Reporting, Controls and Systems Oversee the execution and reporting on all Corporate Treasury transactions e.g., derivatives, investments or borrowing transactions including all intercompany financing. Lead the development and maintenance of the Treasury Management System and the financial modeling process to ensure relevant insight and analysis is available in a timely manner to aid Treasury decision making. Reporting includes headroom analysis on banking covenants and rating agency metrics, borrowing base calculation and ad hoc analysis as needed. Assure that the department is consistently compliant with EMIR. MiFID2 and Dodd Frank regulatory commitments and confirm our ISDA financial derivatives documentation and DTCC reporting is up to date with the latest requirements. Candidate requirements: Degree qualified or equivalent experience. Holding a recognized Treasury or Accounting qualification i.e., CTP, FCT, AMCT, CIMA, ACCA is desirable. Extensive experience in a multinational Treasury environment, with practical experience working in a Treasury office environment and managing a high-performance team at a Treasury Manger level for at least 4 years. Experience of negotiating and setting up new banking facilities and cash management facilities from RFP stage to go live. Technical and practical knowledge of global cash management strategies and tools – cash pooling, in-house bank and netting, short term investment instruments, cash flow forecasting and working capital cycle, cross border payment process. Proven track record in devising and deploying risk management strategies and using FX (Spot, Forward, options) and interest rate instruments (swaps, caps, collars, options). Negotiating financial derivatives documentation i.e., ISDA’s and maintaining Dodd Frank/EMIR compliance reporting. Well-developed knowledge operating unsecured, and asset backed banking credit facilities, including negotiation of agreements, arranging loan draw downs, coordination of reporting requirements to the bank agent and lenders. Ability to demonstrate thorough understanding of modelling covenant compliance and rating agency credit metrics. Sound knowledge of bank relationship strategies and management of credit rating agencies- Moody’s and S&P. Good understanding of hedge accounting techniques under US GAAP. Sox control processes and Treasury operational controls. Strong negotiation and project management skills. Excellent verbal and written communication, ability to breakdown technical topics into language non-Treasury specialists can understand and act upon. Ability to communicate to all levels in the organization from executive leadership team to administrators. Proven track record in mentoring Treasury talent and creating a high-performance collaborative team culture. PC literacy in MS Office, particularly Excel and Power Point and capable of financial modelling. Knowledge of Bloomberg, GTreasury and SAP is advantageous. For further information, please contact Charlie Gallagher Closing date for applications: 29th October 2023 Venator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. We market our products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments and timber treatment businesses. Based in Wynyard, U.K., Venator employs approximately 3,500 associates and sells its products in more than 110 countries. For more information about Venator visit www.venatorcorp.com or follow us on social media: Social Media: Twitter: www.twitter.com/VenatorCorp Facebook: www.facebook.com/venatorcorp LinkedIn: www.linkedin.com/company/venator-corp