Interim Treasury Manager

Description

Interim Treasury Manager

Department

Finance

Location

UK / International Region

Reports To

Head of Tax & Treasury

Role Purpose

The Interim Treasury Manager will be responsible for supporting the stand-up and ongoing management of the International Treasury function following the separation of the business from the previous parent organisation.

The role will take ownership of day-to-day Treasury operations, cash visibility, banking administration, liquidity reporting, Treasury controls and policy documentation. In addition, the role will support the development of a more structured treasury governance framework, including documented policies, processes, controls and a Treasury Committee.

This is a key role requiring both hands-on operational treasury experience and the ability to design and improve Treasury processes in a changing international business environment.

Key Responsibilities

Treasury Policy and Governance

• Develop, document and implement an appropriate Treasury Policy, or suite of Treasury policies, for the International business.
• Ensure Treasury policies are suitable for the size, structure and risk profile of the organisation.
• Cover key areas including cash management, liquidity, banking, approvals, payment controls, intercompany funding, FX exposure, interest income and Treasury reporting.
• Work with Finance leadership to agree Treasury governance standards, approval levels and escalation routes.
• Ensure policies are clear, practical and capable of being followed by Finance and business stakeholders across the International region.
• Review existing Treasury practices and identify gaps, risks or areas requiring formalisation.

Treasury Processes and Controls

• Put in place documented Treasury processes and controls across key Treasury activities.
• Document procedures for cash forecasting, cash positioning, bank account management, payment approvals, liquidity reporting, FX exposure review and Treasury reporting.
• Establish clear controls to reduce risk, improve visibility and strengthen financial governance.
• Ensure appropriate segregation of duties across Treasury activities, payment approvals and banking administration.
• Review current banking access, mandates and approval processes, making recommendations for improvement where required.
• Support internal control requirements, audit and KYC readiness by maintaining clear process documentation and evidence of approvals.

Treasury Committee

• Support the creation and operation of a Treasury Committee.
• Draft proposed terms of reference, including purpose, membership, frequency, reporting requirements and decision-making authority.
• Prepare Treasury reporting packs for committee meetings, including cash position, liquidity, key risks, FX exposure, banking matters and action tracking.
• Ensure decisions and actions from Treasury Committee meetings are documented and followed up.
• Work with senior Finance stakeholders to embed Treasury Committee governance into the wider Finance operating model.

Cash Management and Liquidity

• Review current cash management processes and identify options to optimise cash visibility, cash utilisation and interest income.
• Support improved daily, weekly and monthly cash reporting across the International region.
• Review cash pooling, bank account structures, intercompany balances and trapped cash where relevant.
• Identify opportunities to reduce idle cash and maximise interest income within agreed risk parameters.
• Work with Finance teams to improve cash forecasting accuracy and reporting discipline.
• Provide clear recommendations to Finance leadership on short-term and medium-term cash optimisation opportunities.

FX and Hedging

• Review current foreign exchange exposures across the International business.
• Identify any material FX risks requiring monitoring, reporting or potential hedging action.
• Support the review of FX hedging needs, including exposures linked to Turkey and any risk of unexpected currency devaluation.
• Work with Finance leadership to assess whether hedging arrangements are required and ensure any proposed approach is supported by appropriate policy and governance.
• Document FX exposure review processes and reporting requirements.
• Support the development of clear controls around FX decisions, approvals and execution.

Banking and Treasury Operations

• Manage day-to-day Treasury operations, including cash positioning, liquidity monitoring and banking administration.
• Support banking relationships and ensure bank account structures are fit for purpose.
• Maintain visibility of bank accounts, mandates, authorised signatories and online banking access.
• Ensure payment approval processes are controlled, documented and aligned with company policy.
• Support the transition and stabilisation of Treasury activities following the business separation and Finance restructure.
• Provide Treasury support to local Finance teams across the International region.

Reporting and Stakeholder Management

• Prepare regular Treasury reports for Finance leadership.
• Provide clear updates on cash position, liquidity, risks, treasury actions and key decisions required.
• Work closely with Tax, Finance, FP&A, Accounting and local country teams.
• Support senior stakeholders with Treasury analysis and recommendations.
• Act as a key point of contact for Treasury-related queries across the International region.

Key Deliverables

• Documented Treasury Policy or suite of Treasury policies.
• Documented Treasury processes and controls.
• Proposed Treasury Committee structure and terms of reference.
• Treasury Committee reporting pack and action tracker.
• Review of cash management and interest income optimisation opportunities.
• Review of FX exposure and potential hedging requirements.
• Improved cash reporting and liquidity visibility.
• Review of banking access, mandates and approval controls.
• Clear Treasury governance framework for the International business.

Skills and Experience Required

• Strong Treasury experience, ideally within an international or multi-country business.
• Experience of setting up or improving Treasury policies, processes and controls.
• Strong understanding of cash management, liquidity reporting and banking operations.
• Experience reviewing FX exposure and hedging requirements.
• Understanding of Treasury governance, approvals, controls and audit requirements.
• Ability to operate both strategically and hands-on.
• Strong stakeholder management skills, including working with senior Finance leaders.
• Experience in a business undergoing change, carve-out, restructuring or transformation would be highly beneficial.
• Strong analytical and reporting skills.
• Ability to work at pace and bring structure to a developing Treasury function.

Personal Attributes

• Practical and hands-on.
• Strong attention to detail.
• Confident working with senior stakeholders.
• Able to build structure and process in a changing environment.
• Commercially aware and risk-conscious.
• Clear communicator.
• Comfortable working independently and taking ownership.
• Able to balance immediate operational priorities with longer-term process improvement.

Desirable Experience

• Experience supporting Treasury function stand-up following a carve-out, sale or business separation.
• Experience working with Private Equity-backed businesses.
• Experience with Treasury policies, committees and governance frameworks.
• Experience with Turkey or other higher currency volatility markets.
• Experience reviewing cash optimisation, interest income and FX risk.
• Experience implementing or improving Treasury controls and banking processes.