Treasury Manager

Purpose of the Role:

As a Treasury manager reporting to the Head of Financial Control, you'll play a crucial role in ensuring efficient cash management, foreign exchange risk management, and funding for the McLaren Racing Group. Your work will be vital in maintaining a robust control environment that minimizes financial and operational risk, facilitating performance in the speed of our decision making.

Role Dimensions:

Based in Woking, you will take a lead in our team for monitoring our cash flows, with a hands on approach for mitigating risk and adding predictability to our business. You will build strong relationships both internally and externally with key stakeholders, and be an empowered to lead recommendations on best actions in line with our company policies. 

We're looking for someone with existing treasury knowledge who is eager to develop further. You'll have access to internal learning programs and external third-party providers to expand your expertise in treasury management.

Principal Accountabilities:

Strategic Cash Management

• Oversee the weekly and monthly cash position, including variance analysis and review of all treasury transactions, foreign exchange deals, and payment proposals across multiple accounts and entities.

• Develop and execute strategies for the efficient management and positioning of all Racing bank accounts, including the optimal use of foreign exchange swaps to concentrate cash or debt, thereby minimising interest costs and maximising interest income.

• Lead the development and implementation of short and long-term liquidity strategies, ensuring alignment with organisational objectives, maximising returns on surplus funds, and protecting against volatility.

Risk Management & Hedging

• Proactively monitor and analyse foreign exchange, and other financial risks, recommending and executing appropriate hedges against the Company policies

• Review hedging commitments against the Company policies.

• Ensure all foreign exchange settlements are meticulously managed and executed on time.

Reporting & Compliance

• Prepare and present comprehensive daily, weekly, and monthly treasury management reports, including cash/debt positions and forecasts, to the CFO and senior leadership.

• Manage all treasury reporting and analytics for internal stakeholders and external auditors, ensuring accuracy and compliance with relevant regulations and internal controls.

• Banking Relationships & Systems

• Cultivate and maintain strong relationships with banking partners and other financial institutions, optimising services and negotiating favourable terms.

• Manage bank account administration, including updating bank mandates, assisting with Know Your Customer (KYC) requirements, credit checks, and overseeing the efficient operation of banking systems like HSBCnet.

• Conduct regular analysis of bank charges, actively seeking and implementing cost efficiencies.

• Drive the review, evaluation, and proposal of best-in-class treasury technology functionality, leading projects to develop wider use of treasury management systems (TMS) for booking transactions and inputting trades.

Operational Excellence & Process Improvement:

• Oversee the management of FX rates files and ensure timely and accurate input of monthly rates.

• Lead initiatives for continuous process improvement within the treasury function, leveraging automation and best practices to enhance efficiency and control.

• Prepare and submit all required reports to banks for review by the CFO, ensuring accuracy and timeliness.

• Management of the weekly cash position, including variance analysis, review of treasury transactions including foreign exchange and payment team proposals across multiple accounts and entities

• Support the FP&A team with forecast rates and review of forecasts against trends and expectations.

Knowledge, Skills and Experience:

The post holder will have:

• A relevant professional accounting or treasury qualification such as Association Corporate Treasurers (AMCT) / Association of Chartered Certified Accountants (ACCA)

• Strong Microsoft Office skills (Excel, Word and PowerPoint)

Key Competencies

Analytical Thinking

• The ability to think clearly, logically and objectively.

• To analyse work-related problems in an effective way.

• To come to conclusions which are balanced, systematic and rational.

Building Relationships

• Recognising key relationships and making conscious effort to build rapport to enable smooth running of department or service.

• Establishing positive relations quickly with stakeholders irrelevant of status.

• Demonstrating tact and diplomacy in all professional relationships.

Results Focus and Initiative

• The drive, determination and commitment to get things done.

• To move things forward, achieve, get results and do things better.

Planning and Organising

• Ability to set achievable goals and deadlines.

• Able to adopt systematic and pro-active approach that will ensure task completion.

• Confidence to recognise and deal with arising problems.

What can McLaren offer?

We constantly strive to be better tomorrow than we are today. Our ambition is to be the most pioneering and exhilarating racing team in the world, and our collective task is to set the standards for high performance in sport. We show up every day with energy and enthusiasm, ready to play our part.

We encourage and support diversity, equity and inclusion. We will actively promote a culture that values difference and eliminates discrimination in our workplace.

McLaren Racing is based at the iconic McLaren Technology Centre (MTC) near Woking. Here at McLaren, we offer hybrid working with 3 days a week based in the MTC.

Our state of the art, sustainable campus offers many facilities including a gym, restaurant and indoor and outdoor break-out areas, as well as direct access to park and common land. The MTC is connected to Woking mainline station via regular shuttle buses, from which London Waterloo is a 30 minute train ride.

We offer a comprehensive package of benefits including private healthcare, car schemes, life insurance and generous pension contributions.