Group Treasurer-Serco Limited

At Serco, we deliver essential public services across defence, transport, justice, immigration, healthcare and citizen services. We are a team of 50,000 people responsible for delivering services that matter to millions of people every day. Our work is complex, operationally demanding and often high-profile — but at its heart is a simple purpose: to impact a better future for the people and communities we serve.

We are currently searching for a Group Treasurer to lead Serco’s treasury function. Reporting to the Group Director of Finance, this is a senior Group Finance appointment with regular interaction with the Group CFO, divisional CFOs and senior leaders across Tax, Commercial, Corporate Development and Investor Relations. This is a high-profile role at the centre of Serco’s financial strategy.

You will lead the Group’s treasury activities, ensuring Serco has the funding, liquidity, risk management and financial resilience required to support its strategy and growth. You will play a key role in shaping and managing Group funding arrangements, including bank lending, refinancing activity, asset finance, working capital facilities, guarantees, bonding and other funding solutions. You will advise senior leaders on capital structure, funding strategy and treasury risk, while ensuring the function operates with strong governance, efficiency and control.

You will also manage relationships with banks, advisors and rating agencies, support M&A and strategic projects, and work closely with Finance, Tax, Commercial, M&A, Investor Relations and the operating divisions to embed treasury considerations into key decisions.

What you’ll be doing

• Leading Serco’s global treasury function across funding, liquidity, risk management and treasury operations.
• Advising the Group Director of Finance, Group CFO and Board on capital structure, funding strategy and treasury risk.
• Managing Group funding requirements, including bank lending, refinancing, asset finance, working capital facilities, guarantees and bonding.
• Taking an active role in funding activity, working closely with banks, advisors and internal stakeholders.
• Leading liquidity management, cash pooling, investment activity, intra-group funding and efficient use of cash.
• Managing financial risk, including transactional currency exposure, interest rate risk and counterparty risk.
• Supporting M&A, disposals, restructurings, refinancing activity and ERP / TMS implementation.
• Advising commercial teams and divisions on guarantees, bonding, bid support and structured finance opportunities.
• Managing relationships with banks, advisors, rating agencies and other financial partners.
• Developing a high-performing treasury function with strong capability, governance and ways of working.

What you’ll need to do the job

• Significant treasury leadership experience within a listed, multinational or similarly complex organisation.
• Strong technical capability across funding, liquidity, financial risk management, capital structure, working capital and treasury operations.
• Experience managing funding activity, including bank lending, refinancing, facilities, guarantees, bonding and asset finance.
• Experience advising senior executives and Boards, with the ability to translate complex treasury matters into clear, practical recommendations.
• Credibility with banks, advisors, rating agencies, senior finance leaders and wider business stakeholders.
• Excellent communication and influencing skills across Finance, Tax, Commercial, M&A, Investor Relations and divisional leadership teams.
• Professional treasury qualification such as AMCT, accounting qualification, or equivalent professional experience.

What we offer

• A rare opportunity to lead the treasury function of a major listed international services business.
• A strong six figure base salary.
• Significant bonus potential, on target 20%, with performance multipliers possible.
• 10% contributory pension.
• Company car or car allowance of £5,860.
• PMI for you and a partner.
• A range of corporate benefits.

At Serco, not only is the nature of the work we do important, everyone has an important role to play, from caring for vulnerable people to managing complex public services. We are innovators, committed to redesigning and improving public services for the benefit of everyone.

By joining Serco you will have unlimited access to our Global Employee Networks – SercoInspire (Gender), SercoEmbrace (Multicultural), SercoUnlimited (Disability) and In@Serco (LGBT & Networks). Serco Employee Networks, led by colleagues who are passionate about diversity, inclusion and belonging.

We are committed to building a diverse and inclusive organisation that supports the needs of all. As such we will make reasonable adjustments at interview through to employment for our candidates and strongly encourage applications from a diverse candidate pool. We are open to discussions around flexibility and flexible working. We operate a hybrid work structure in many of our business areas.

We are proudly Disability Confident Leader employers and holder of the Gold Inclusive Employer Standard. Disabled applicants who meet the minimum criteria for the job will be given the opportunity to demonstrate their abilities at an interview.

For help with your application please contact 0345 010 4000.

At Serco we support fair access to employment for those with unspent criminal convictions through the ‘Ban the Box’ pledge (some may be exempt due to the nature of the role and the security clearance required).