Treasury Manager in London

About us
Headquartered in London, we operate internationally and at Lloyd's. With a global team of over 1000 people and 10 international offices, we're able to advise from Brussels to Bermuda. As an independent (re)insurance broking firm we work with intermediaries, direct insureds and reinsurers. For over 120 years we've been industry leaders in a variety of specialist areas.

Working here
A career with us means the freedom to flourish. Whether you're beginning your journey or ready to make your next move you'll find a team of talented, inspirational people who care about their work and each other.

What really sets us apart
We're a diverse range of passionate advocates for doing things differently. We work together as one team, and our aim is always the outcome that will benefit everyone.

The Role
The Treasury Manager will lead the implementation and embedding of the group Treasury Management System with Kyriba during the initial phase of the role. Following the successful implementation, the role will transition into responsibility for business as usual treasury operations, including cash, interest rate and foreign exchange risk management. Maximising the value of cash by providing expert guidance on the optimal ways of driving cash out of the business and investing this for future growth. Leading decision making to minimise our interest rate and foreign exchange exposures. As well as continually driving efficiency within the Treasury function and proactively improving cashflow forecasting.

Role Responsibilities

• Cash & Liquidity
  • Manage top down cashflow forecasting, to give insight in funding requirements on a global and regional level and manage overall Total Borrowings.
  • Preparation and analysis of weekly cashflow reports for Finance Management.
  • Monitoring cash balances around the group and maximising value by using excess cash to enable further investment for growth or debt reductions.
  • Active involvement with investments around the group and providing recommendations on funding any M&A activity.
  • Management of banking systems and drawdowns/repayments on debt facilities.
  • Maximising returns on interest income by continuous monitoring of the best rates of return with our various banking providers.
• Interest rate exposure
  • Leading decision making to minimise our interest rate exposure.
  • Providing recommendations to the business on interest rate hedging requirements relative to external borrowing.
  • Continuous monitoring of the market for interest rate fluctuations and how this will impact cashflows.
  • Forecasting interest costs on external debt facilities and managing expectations around leverage.
• Foreign Exchange Exposure
  • Provide strong technical expertise to ensure optimal management of foreign exchange exposure in line with FX hedging policy.
  • Continuous monitoring of FX hedging requirements to ensure we are participating in FX markets to smooth our effect FX rate.
  • Working closely with the business to propose hedging levels and managing forecast cashflow.
  • Oversight/responsibility for FX deals and the production of the related Board report updates.
• Treasury Management System Implementation
  • Lead the end to end Treasury Management System with Kyriba across the group.
  • Manage project timelines, workstreams, testing, issue resolution and implementation governance.
  • Coordinate bank connectivity, payment workflows, cash visibility and reporting integration.
  • Develop treasury policies, procedures and process documentation aligned to the new system environment.
• System Improvements
  • Review, challenge and streamline Treasury processes.
  • Review new and different ways to manage forecasting, which best support the continued growth of the business.
• Other
  • Management of the group's relationships with banks and other lenders to ensure ongoing compliance with facility agreements.
  • Manage the performance of direct reports ensuring staff have clear objectives, regular PDRs and receive feedback on performance.
  • Adhere to and meet fully the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls.
  • Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as Lloyd's byelaws and FCA rules.
  • Promote Miller brand and values to enhance Miller's reputation in the market.

Benefits
On top of a competitive salary we offer a fantastic benefits package including:

• 10% pension contribution from Miller. In addition, Miller will match any employee contributions up to 5%.
• Private Medical Insurance
• Medicare cash plan
• Minimum of 25 days annual leave (with flexibility to buy more)
• Life Assurance
• Income Protection
• Critical Illness cover
• Enhanced Maternity, Paternity Adoption and Shared Parental Leave

At Miller, we are committed to creating an inclusive and supportive environment for all candidates. If you require any adjustments or accommodations to support you during the application process, please don't hesitate to let us know.