Treasury Manager in Oxford

As the business continues to experience fast international growth, the finance team is looking for an experienced Treasury Manager. Reporting into the Head of Group Reporting, the Treasury Manager will own and manage the Group’s treasury function end-to-end, covering cash management, forecasting, funding, and treasury controls across all countries and currencies.

This role is accountable for the design, ownership and continuous improvement of the Group’s treasury framework, processes and controls. The role requires a strong understanding of both the cash and accounting aspects of treasury, combined with the ability to translate analysis into clear recommendations, challenge assumptions, and influence decision‑making at senior level.

This is a fantastic opportunity to shape and evolve the Group’s treasury strategy and operating model as the business continues to scale internationally, with a clear opportunity to grow into a broader leadership role as the function develops.

• Cash Management & Forecasting
  • Manage the Group’s daily cash position across multiple currencies, entities and banking partners, ensuring sufficient liquidity to meet operational and strategic needs.
  • Own the Group’s cash visibility and liquidity planning, proactively identifying risks and funding requirements.
  • Prepare, maintain and continuously improve a rolling 13‑week cashflow forecast, including variance analysis, commentary and reporting to the Finance Leadership Team.
  • Review payment runs and support payment approvals in line with short‑term cash forecasts, budgets, liquidity requirements and internal controls.
  • Produce longer‑term cash forecasts to support budgeting, funding requirements and strategic planning.
  • Translate cash analysis into clear recommendations for senior leadership, including mitigation actions for identified risks.
• Funding & Group Loans
  • Manage the Group’s loan facilities, including monitoring, covenant compliance, and forecasting drawdowns/repayments.
  • Prepare information for lenders and internal stakeholders.
  • Lead or support interactions with lenders and advisors, including ongoing reporting and information requests.
  • Support refinancing, facility amendments or new funding arrangements as required.
  • Provide clear insight to management on funding capacity, risks and options.
• Intercompany Cash & Transfer Pricing
  • Manage intercompany cash movements between Group entities, ensuring they are executed in line with transfer pricing policies, intercompany agreements and tax requirements.
  • Work closely with the Tax Manager to ensure intercompany funding, interest calculations and cash movements are compliant and appropriately documented.
  • Support accurate accounting and reporting of intercompany balances, interest and settlements.
  • Drive improvements to intercompany funding structures and cash efficiency across the Group.
• Banking, Controls & Payments
  • Own relationships with the Group’s banking partners globally, including day‑to‑day operational matters and negotiation of fees, terms and services.
  • Maintain oversight of bank account structures and mandates, ensuring they are up to date, well controlled and consistently documented across all countries.
  • Design and implement scalable processes for payments, approvals and controls.
  • Define and continuously improve the Group’s treasury control framework, ensuring consistency and scalability across entities.
  • Ensure strong treasury controls are in place to safeguard cash and comply with internal policies and external regulations.
• Accounting, Reporting & Close
  • Ensure all bank accounts are reconciled daily and monthly, with transactions accurately coded and posted in Dynamics 365 (ERP).
  • Take responsibility for treasury‑related activities at month‑end and year‑end, including journals, reconciliations and supporting schedules.
  • Support the external audit process by providing treasury‑related information and explanations.
  • Ensure treasury activity is correctly reflected in management accounts and statutory reporting.
• Foreign Exchange & Risk Management
  • Design, implement and operate the Group’s Foreign Exchange Policy.
  • Monitor and report on foreign currency exposures and positions, working closely with local finance teams.
  • Identify and mitigate FX, interest rate and liquidity risks.
  • Recommend and implement appropriate hedging or risk mitigation strategies.
• Systems, Process & Stakeholder Management
  • Work closely with FP&A, tax and local finance teams to ensure accurate cash reporting and effective financial decision‑making.
  • Partner with the ERP project team to enhance the ERP cash module, driving automation, improved controls and better treasury reporting.
  • Provide clear, insightful and timely treasury information and reporting to the Finance Leadership Team to support decisions on cash, funding, investments and risk.
  • Act as the treasury subject matter expert across the business, influencing decisions and driving best practice.
  • Drive the scaling of treasury processes and controls to support international growth.
  • Support ad‑hoc treasury and finance projects as required by the business.

• Professional accounting qualification (ACA, ACCA, CIMA or equivalent), or actively studying towards one.
• Proven experience in a treasury role within a multi‑entity, multi‑currency environment.
• Demonstrated ability to own and improve treasury processes, not just operate them.
• Comfortable operating at both hands‑on and strategic levels.
• Strong, hands‑on experience producing and owning a rolling 13‑week cashflow forecast, including variance analysis and stakeholder reporting.
• Solid understanding of day‑to‑day cash management, liquidity monitoring and short‑term funding requirements.
• Experience with group loan facilities, including lender reporting, drawdowns, repayments and covenant monitoring.
• Good understanding of treasury accounting, including bank reconciliations, treasury journals and month‑end close processes.
• Experience managing or maintaining bank accounts and mandates, with a strong focus on controls and auditability.
• High attention to detail and a strong control mindset.
• Comfortable working with ERP systems and banking platforms, including extracting, reconciling and validating data.
• Confident communicator, with the ability to influence and collaborate effectively across all levels of the organisation.
• Able to manage competing priorities in a fast‑paced environment.
• Hands‑on, proactive and comfortable “owning” tasks from start to finish.
• Well organised, methodical and process driven.

• Experience in a group or international environment with complex cash and intercompany structures.
• Exposure to transfer pricing mechanics, including intercompany interest calculations and documentation.
• Practical exposure to foreign currency transactions and monitoring FX exposures, with experience supporting or operating FX hedging and understanding hedge accounting principles.
• Familiarity with covenant calculations and lender reporting packs.
• Experience working in a growth, PE‑backed or rapidly changing business.
• Experience with treasury management systems (TMS) or advanced ERP cash modules.
• Strong Excel skills, including building and maintaining cashflow models.
• Confidence presenting cash and liquidity information to senior finance stakeholders.

• Private Medical Insurance
• Dental Insurance
• Parental Support
• Salary‑Exchange Pension
• Employee Assistance Programme (EAP)
• Local Oxford Discounts
• Cycle‑to‑work Scheme
• Flu Jabs

Most of our roles are hybrid with a mix of in‑office/home working and potentially adjustable working hours. Let’s discuss what works for you and AER during the interview process.

The Company is committed to the principle that no employee or job applicant shall receive unfavourable treatment on grounds of age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage or civil partnership, pregnancy, and maternity.