Head of Treasury Operations

Job Locations United Kingdom-London | India-Gurugram
ID
2022-8601
Function
Accounting / Finance

Introduction

The Economist Group logo

 

The Economist is a leading source of analysis on international business and world affairs, published weekly in print and tablet editions, and daily through our Espresso app and Economist.com. We deliver our information through a range of formats, from newspapers and magazines to conferences, films and digital editions.

 

The Economist Group is looking to recruit a Head of Treasury Operations Manager as global process owner for Treasury, Banking and Payment functions.

 

This is a global process owner role managing regional process owners in Banking and Payables in the UK, US and Hong Kong, and once established will work closely with Financial Operations colleagues in the Group’s India based Shared Services team. The successful candidate will possess strong knowledge of customer payment platforms and will partner the Payment Optimisation Manager and the wider Economist circulation business in optimizing subscription receipts from customers. They will work closely with banking partners, technology partners, credit card merchants, payment providers and FX desks.
The role will help drive the implementation of a Finance Transformation programme, delivering changes to technology, process and organization before overseeing effectiveness of day to day banking and treasury operations.

Accountabilities

We seek an experienced Treasury professional and people manager to lead the following key areas, but not limited to:

  • Identify and embed new technology solutions to automate manual cashiering processes
  • Rationalise and consolidation of banking relationships
  • Systems and process development, improving the efficiency and effectiveness of Treasury, Banking, AP Operations
  • Management of a globally dispersed team responsible for daily transaction processing and cash management
  • Manage group and regional liquidity needs through timely and accurate cash flow forecasting and analysis
  • Managing forex exposure through placing and management of hedging instruments
  • Monthly reporting to Treasury Committee
  • Liaising with banking agent for the Group RCF
  • Review charges received from financial institutions and renegotiating contracts with suppliers to ensure competitive rates
  • Maintaining a robust control environment ensuring strong internal and anti-fraud controls are in operation in line with policy and procedure
  • Keeping up to date with new compliance regulations and developments in the banking and payments industry and working with the business to ensure the Group is compliant
  • Partnering the commercial Payment Optimisation team in managing relationships with payment gateways, credit card acquirers, payment aggregators including negotiation of commercial terms and contracts
  • Monitoring transaction data from acquiring platforms to develop strategy and reduce decline rates and charge-backs
  • Roll out new B2C customer payment processes globally
  • Transitioning to global management of banking, AP and treasury operations

Experience, skills and professional attributes

The ideal skills for this role are:

  • A minimum of 10 years of related experience
  • Educated to degree level and ideally with a relevant Treasury qualification
  • Recent experience managing and developing a similar team profile working across multiple jurisdictions
  • Payment industry knowledge and experience of introducing new payment platforms
  • Experience managing relationships with banking partners and implementing/changing systems
  • Strong cash flow analytical skills and ability to prepare insightful forecasts
  • Working knowledge of foreign exchange markets and financial instruments used for hedging
  • Awareness of controls and anti-fraud measures operated in the Treasury environment

 

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