Treasury Dealer - Warrington, United Kingdom - United Utilities

United Utilities

Verified Company

Warrington, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

As Treasury Dealer, you are expected to be involved in the dealing operations of the UU group and will have the potential to get involved in other treasury related activity.

Daily dealing operations requires the maintenance of liquidity within each of the cash pools under management via external bank lending and efficient management of inter-company funds across the group.

This activity ensures there are no cash shortfalls allowing essential payments to be made to avoid default, and that licence conditions are not breached through the unauthorised lending of funds across the group.

Other UU treasury related activity would include being involved with the wider team which manages the financing of the business and associated financial risk management.

This often involves complex financial instruments to hedge currency and interest rate exposures.

UU has gross debt of nearly £9bn billion and its borrowing needs continue to expand to fund the essential delivery of UUW's capital investment programmes.

Treasury seeks to arrange efficient funding on the best possible terms with reference to underlying market conditions.

The Treasury department is also responsible for arranging the group's insurance cover, which involves interaction across the business to gather the information which the insurance market requires to price the risk.

Associated also is the management of relationships with our credit investors (bondholders), commercial lending banks, insurance brokers and insurers, various money transmission providers, the credit ratings agencies, and the European Investment Bank.

Job Accountabilities:

As Treasury Dealer, you'll ensure that the group's cash is invested as efficiently as possible whilst ensuring that counterparty risk limits are adhered to.

You'll also liaise with bank counterparties to calculate and agree MTM collateral positions, indexations, settlements and daylight exposure limits and deal treasury instruments such as interest rate & FX swaps.

Other focus areas include:

Monitor early warning triggers on bank counterparty credit quality, including credit ratings changes
Understand treasury policies and procedures and the mandates which govern the group's transactional and control arrangements with relationship banks
Assist in production and collation of monthly treasury management information in relation to market risk, credit risk, liquidity risk, capital risk and dealing operations (with quarterly reporting to the treasury committee) which requires a good understanding of Access databases
Assist in the drafting of papers to the treasury committee and collation of treasury risks for the Business Unit Risk Assessment forum, including any treasury risks to be presented periodically to the Audit committee
Ensure compliance with covenants within the group's debt financing agreements to avoid a breach/default, including liaison with, and providing assurance to, senior management for sign off
Provide support on the annual insurance renewal plus any adhoc insurance activities, and any money transmission/customer payment channel activities
Provide support on ad hoc projects such as; project finance, any tenders where banks are likely bidders, assessment of developments which impact treasury activities (such as regulatory changes), reviewing opportunities in the 'treasury' field requiring technical understanding and consideration of wider commercial impact.

Knowledge and Skills:

To be successful, you will need to be a qualified accountant (ACA, CIMA, ACCA) (but may consider a finance professional studying towards an accounting qualification), educated to degree level and academically strong

You'll also need:

Strong IT skills, with extensive experience of working in regular software packages e.g. Word, Excel, PowerPoint, Outlook
Excellent analytical and problem solving skills
Risk and commercial awareness
Good communication skills both written and verbal
Ability to communicate effectively with a wide range of people (both internal and external) and capable of operating at different levels within the organisation
Accuracy and attention to detail/focus on quality and results
Team player
Stable under pressure and methodical, with the ability to work under own initiative and to plan and prioritise workloads and effectively manage competing demands/work to tight deadlines with flexibility
Numerate background with Mathematics and/or computing A-Levels preferred
Advanced IT skills e.g. experience of working in visual basic/macros not essential but seen as a positive
Experienced finance professional relevant experience gained in a FTSE100 finance team seen as a positive
Open to completing an Association of Corporate Treasurers Qualification preferred.

**We need fantastic people to enable us to deliver a great service to the public. We are committed to reaching and recruiting from every community and then supporting employees to achieve their full potential