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- Tasks: Manage cash flows, foreign exchange risks, and funding for McLaren Racing.
- Company: Join McLaren Racing, a pioneering team in the world of motorsport.
- Benefits: Enjoy hybrid working, private healthcare, and access to a state-of-the-art campus.
- Why this job: Be part of a high-performance culture that values innovation and teamwork.
- Qualifications: Must have a relevant treasury qualification and strong Microsoft Office skills.
- Other info: Work at the iconic McLaren Technology Centre with great facilities and transport links.
The predicted salary is between 43200 - 72000 £ per year.
Join to apply for the Treasury Manager role at McLaren Racing
Join to apply for the Treasury Manager role at McLaren Racing
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.
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.
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
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Job function
Finance
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Treasury Manager employer: McLaren Racing
Contact Detail:
McLaren Racing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury Manager
✨Tip Number 1
Familiarise yourself with McLaren's values and culture. Understanding their commitment to innovation and performance will help you align your approach during interviews and discussions, showcasing how you can contribute to their goals.
✨Tip Number 2
Network with current or former employees of McLaren Racing. Engaging with them on platforms like LinkedIn can provide you with insider insights about the company and its treasury operations, which can be invaluable during your application process.
✨Tip Number 3
Stay updated on the latest trends in treasury management and risk mitigation strategies. Being knowledgeable about current practices will not only boost your confidence but also demonstrate your commitment to continuous learning, a quality McLaren values.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully managed cash flows or mitigated financial risks in previous roles. Real-life scenarios will illustrate your expertise and problem-solving skills, making you a more compelling candidate.
We think you need these skills to ace Treasury Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant treasury experience and skills that align with the job description. Emphasise your analytical thinking, relationship-building abilities, and results-focused mindset.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that demonstrate your expertise in cash management and risk mitigation, and how you can contribute to McLaren Racing's objectives.
Showcase Relevant Qualifications: Clearly list your professional accounting or treasury qualifications, such as AMCT or ACCA, in your application. Highlight any additional training or certifications that enhance your candidacy for the Treasury Manager position.
Prepare for Potential Questions: Anticipate questions related to treasury management, risk assessment, and stakeholder engagement. Prepare examples from your past experiences that showcase your problem-solving skills and ability to drive results.
How to prepare for a job interview at McLaren Racing
✨Showcase Your Treasury Knowledge
Make sure to highlight your existing treasury knowledge during the interview. Be prepared to discuss specific experiences where you've managed cash flows, executed foreign exchange deals, or developed liquidity strategies. This will demonstrate your capability and eagerness to develop further in this role.
✨Demonstrate Analytical Thinking
Given the analytical nature of the role, be ready to provide examples of how you've approached complex financial problems in the past. Discuss your thought process and how you arrived at balanced, systematic conclusions. This will show that you possess the analytical skills required for effective risk management.
✨Build Rapport with Stakeholders
Since building relationships is key in this position, think of ways to illustrate your ability to establish positive relations quickly. Share anecdotes about how you've successfully collaborated with internal teams or external partners, showcasing your tact and diplomacy in professional settings.
✨Prepare for Reporting and Compliance Questions
Expect questions related to reporting and compliance, as these are crucial aspects of the role. Familiarise yourself with relevant regulations and be ready to discuss how you've ensured accuracy and compliance in previous positions. This will reflect your attention to detail and commitment to operational excellence.
