Treasury Middle Office Manager

Inchcape is the leading global automotive distributor operating in more than 40 markets. We partner with some of the biggest brands in the business to power better mobility today and in the future.

Our diverse global team of over 20,000 talented people foster an inclusive and collaborative culture, championing a brilliant experience for our customers and partners. We’re a dynamic and fast-growing business, dedicated to shaping a successful and sustainable future for the industry.

Here, you will unlock your full potential with career opportunities and learning experiences. You’ll work with cutting-edge technology, ground-breaking innovation, and forward-thinking colleagues. If you are highly driven with a can-do attitude, and you bring out the best in yourself and others, then join us to power new futures.

SUMMARY
ESSENTIAL DUTIES

1. Daily Cash - APAC

• Reviews daily cash for total APAC and ensures excess liquidity is repatriated timely to Group
• Maintains active conversation with local finance counterparts to ensure process / structural challenges in managing excess cash are addressed
• For any excess cash retained onshore, identifies opportunities to improve interest income, reduce interest expense, or both
• Reviews and proposes efficient bank and liquidity structures, ensuring operational efficiency is managed alongside strategic banking concerns

2. Daily Cash - UK

• Reviews inputs to and prepares daily cash plan for selected UK entities; reviews daily cash movement in order to chase variance drivers with markets
• Coordinates approvals and documentation for RCF drawdown or short-term placement activities; advises bank for any urgent / special requests as aligned with Group Treasury Operations Manager
• Executes deals in BBG in support of net daily cash position

3. Liquidity

• Monitors liquidity gaps across APAC markets and works with local finance to ensures appropriate plans are developed to address such gaps

4. Financing

• Supports the set-up of appropriate working capital facilities to support OEM relationships and in-country working capital needs; regularly reviews business plans with stakeholders to ensure emerging issues are addressed, including sufficiency of SRC to sustain business plans
• Reviews SRC terms and conditions with Head of Regional Treasury to guarantee correct accounting treatment and adherence to global guidance
• Performs periodic check of SRC outstanding to validate terms and conditions appropriately match SRC criteria

5. Foreign Exchange Management

• Prepares the monthly APAC Hedge Model report; monitors FX currency exposures and hedge cover across APAC markets, and drives market compliance to FX Policy
• Ensures executed trades are compliant with relevant Treasury policies, internal controls and country / Central Bank regulations
• Works closely with regional and local financial controller to ensure that compliance with IAS 39 CF hedge accounting is achieved
• Prepares hedge Accounting entries (Australasia only)

6. Bank relationship management

• Sustains ongoing engagement with relationship banks on bank products
• Reviews interest and bank fees across region and works with local teams identify opportunities to improve pricing

7. Others

• Supports M & A, integration projects and other corporate initiatives

QUALIFICATIONS

• College level, major in Business, Mathematics, Economics or related field

Experience

• Previous Corporate Treasury or Banking experience required
• Exposure to Global / Regional Treasury Operations an advantage

Licensure and Certification

• Certified Treasury Professional or its equivalent

KNOWLEDGE, SKILLS, AND ABILITIES

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.

• Knowledge
  • Global Treasury Operations
  • APAC banking landscape
  • Trade financing
  • Cash management
  • Treasury technology
  • SAP
  • FX Accounting

• Skills
  • Adept in Excel
  • Above average communication skills
  • Demonstrated negotiation skills
  • Above average finance / mathematical skills

HEALTH, SAFETY, AND ENVIRONMENT (HSE) ACCOUNTABILITIES PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• The physical requirements of this position involve sedentary work, which involves sitting most of the time
• Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects, including the human body
• The worker is required to have close visual acuity to perform activities such as preparing and analyzing data and figures, and viewing a computer terminal

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Workstations located in air-conditioned offices with adequate lighting. Must perform work outdoors from time to time.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.