Head of Liquidity & Market Risk

Logicor is a leading owner, manager, and developer of European logistics real estate.

Our portfolio of properties spans over 20 million square metres of warehouse space in key transportation hubs and close to major population centres, enabling us to support over 2,000 customers from a wide range of industries.

We are headquartered in London and Luxembourg with teams of people based across Europe in key markets, creating a strong network of relationships, market knowledge and experience to help provide our customers with the best solutions for their needs.

We believe that acting responsibly towards the environment, our people and towards the communities in which we operate is vital to the long-term success of our business and will bring positive and enduring change for our people, customers, and local communities.

Creating an open, honest culture is a key priority for us. Logicor is a fair, safe, and enjoyable place to work where we focus on developing our talent, ensuring health, safety and wellbeing, promoting responsible business conduct and engaging our people. We are an equal opportunities employer, and we embrace a diverse and inclusive environment and the benefits that it brings.

Our real estate and the strength of our network enables the flow of trade vital to everyday life. For more information visit www.logicor.eu.

Role Overview

This role is responsible for (i) the day-to-day running of the function’s cash management activities, (ii) driving improvements in liquidity and cash management and (iii) supporting the Group Treasurer in all financing and Debt Capital Market activity.

The Head of Liquidity & Market Risk will play a central role in driving the department towards a best-in-class Treasury function, working closely with the Group Treasurer and Head of Treasury Systems & Operations as a leader in the Treasury team. The role has a team of 3 and requires excellent leadership, as well as strong working relationships with colleagues in Tax, Accounting, Asset Management and Legal across multiple geographies.

The ideal candidate will demonstrate a strong track record of excellence in cash management – delivery in cash flow forecasting, rolling-out of liquidity solutions and effective TMS utilisation and enhancement. You will have a strong understanding of the unsecured bond market and be able to hit the ground running in supporting the Group Treasurer in our debt capital market activity. You will have experience in RCFs and bank loans, and trade finance products such as guarantee facilities. You will be comfortable in reviewing and understanding loan agreements and other banking documentation, as well as experience in working through Corporate Governance requirements.

You will bring your own ideas and proposals, make decisions in consultation with the Group Treasurer and CFO and be required to engage directly with, and communicate financing strategy to, senior management and shareholders.

Main Responsibilities:

• Oversight of day-to-day cash management across over 500 entities, including responsibility for RCF utilisation, bond coupon and principal repayments, and shareholder distributions
• Provide insight and expertise to support the roll-out of liquidity initiatives including Virtual Accounts, Notional Pooling and physical sweeping
• Guide your team in implementing greater liquidity management through the introduction of new processes and procedures, including cash flow forecasting
• Support the Group Treasurer in debt capital market initiatives by leading all modelling and analysis and delivering presentations for discussions with CFO and shareholders
• Implement new umbrella guarantee facility, providing guarantee availability across the group
• Deliver the annual EMTN programme update, liaising with teams across the business, senior management and internal and external counsel
• Responsible for all covenant compliance reporting
• Lead Treasury contribution to all budget and reforecasting activities, steering the business’s refinancing strategy
• Driving improvements in processes and working practices across the function
• Responsible for the management and development of a team of three, including one direct report

Skills, Knowledge and Experience:

• Excellent interpersonal and leadership skills
• Experience in unsecured bond market
• Strong understanding of treasury products, RCFs and bank loans
• Comfortable engaging in and review of loan and unsecured borrowing documentation
• Thrives in a genuinely fast-paced environment
• Effective communicator, able to help create both process and cultural change across the business
• Takes the initiative, can work independently and prioritise

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