NVT Treasury Manager

BAT is evolving at pace into a global multi-category business. With products like VELO, VUSE and GLO we are on a mission to decrease the health impact of our industry.

To achieve our ambition, we are looking for colleagues who are ready to Be The Change. Come, join us on this journey!

British American Tobacco UK has an exciting opportunity for a Treasury Manager – NVT in Globe House, London – permanent role.

Based in Globe House (London Head Office), the role reports to the Head of Corporate Finance as part of the Nicoventures Corporate Finance Team. The successful candidate will be responsible to support the management of cash and treasury transactions across the limited risk distribution model – Nicoventures Trading Limited. The role should ensure accurate cash management and accurate reporting of financing, FX across the centre and all regions within new categories.

Your key responsibilities will include:

1. Month end reviewing but not limited to:
   • Monthly hedge allocation to end markets.
   • Monthly FX clearing and posting.
   • MTM reconciliation and Treasury balance sheet monthly.
   • Non-cash adjustments, to ensure cashflow validation clearance and completion of supporting schedules.
   • Trial balance movements of the cash, derivative, FX accounts and explanation for variations over the threshold.
2. Responsible for BATCASH submissions for Nicoventures Trading Limited and Nicoventures Swiss Communications, as well as working with key stakeholders to ensure centre positions with respect to intercompany remain level.
3. Prepare the hedge proposal based on the currency exposure uploaded in BATCASH and present it in the monthly meetings with end markets and regional treasury.
4. Provide the monthly hedge forecast for all markets.
5. Produce the treasury committee presentation.
6. Prepare the yearly insurance questionnaire for Nicoventures Trading Limited.
7. Supporting with the opening of new bank accounts – prepare documentation and work with bank account management team to meet bank requirements.
8. Ad hoc reports on cash forecast accuracy, currency exposures, market’s flows, FX analysis.
9. Identify and implement process improvements.
10. Support cash forecasting and monitoring for management purposes.
11. Participating in special projects and ad hoc requests where possible.

What are we looking for?

1. Degree educated with professional accountancy qualification (i.e. CA/ACCA/CIMA/CPA);
2. Good understanding of Group and Corporate Finance principles.
3. Experience of treasury accounting, cashflow forecasting and analysis.
4. An understanding and knowledge of relevant finance tools and systems, including SAP and BPC;
5. Ability to manage a high volume of data and present it in a simple, innovative and impactful way;
6. Ability to prioritise and remain resilient in the face of challenges;
7. Ability to identify process and reporting improvements and proactively implement solutions;
8. Ability to work independently managing stakeholders across a wide range of locations and markets;
9. Strong communication and interpersonal skills are required to influence and challenge;
10. Maintains excellent working relationships with all stakeholders and is a team player.

What we offer you?

1. We offer a market leading annual performance bonus (subject to eligibility).
2. Our range of benefits varies by country and includes diverse health plans, initiatives for work-life balance, transportation support, and a flexible holiday plan with additional incentives.
3. Your journey with us isn’t limited by boundaries; it’s propelled by your aspirations. Join us at BAT and become a part of an environment that thrives on internal advancement, where your career progression isn’t just a statement – it’s a reality we’re eager to build together. Seize the opportunity and own your development; your next chapter starts here.
4. You’ll have access to online learning platforms and personalized growth programs to nurture your leadership skills.
5. We prioritise continuous improvement within a transformative environment, preparing for ongoing changes.

WHY JOIN BAT?

We’re one of the few companies named as a Global Top Employer by the Top Employers Institute – certified in offering excellent employee conditions.

At BAT, we champion collaboration, inclusion, and partnership as the bedrock of our values. We wish to foster an environment where every individual can thrive, irrespective of factors such as gender, sexual orientation, marital or civil partnership status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability, age, skills, experience, education, socio-economic and professional background, as well as diverse perspectives and thinking styles. We recognise that our strength lies in embracing talent from all walks of life, empowering us to develop our culture of inclusivity and better achieve our business objectives.

We view career breaks not as obstacles but as opportunities and encourage everyone, without hesitation, to apply. Through our Global Returners program, we provide support to professionals seeking to re-enter the workforce after an extended absence, be it for family care, parental leave, national service, sabbatical, or starting their own venture.

Come bring your difference and see what is possible for you at BAT. Learn more about our culture and our award winning employee experience here .

We take pride in being a Disability Confident Employer. If you need any reasonable adjustments or accommodations to be made during the recruitment process to support you performing at your best, please inform the recruitment partner who will be in touch should your profile be selected for the role you applied for. We are wholeheartedly committed to optimising your prospects of success by making suitable arrangements so that you may showcase your full potential.

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