Head of Treasury

HAVE YOU GOT SPIRIT?

Succeeding in today’s energy world means always seeking new and better ways of working. At Spirit Energy we are open to hearing all ideas and believe the voices of our teams have value. Upholding our values at all times to ensure we are giving our teams space to thrive and room to grow. At Spirit, there are always opportunities for development that add value both to our colleagues and to our projects.

Our Aberdeen office finds success through a social and workplace culture in which we promote a positive work/life balance through a series of health initiatives, benefits, and career development opportunities. If you are ready to take the next step in your career with an innovative and energetic team, then we want to hear from you.

THE OPPORTUNITY – HEAD OF TREASURY (CONTRACT ROLE)

Reporting to the CFO, the Head of Treasury is responsible for leading the Treasury and Accounts payable teams.

The role is responsible for ensuring that the Spirit Energy group efficiently manages it liquidity, pays vendors on time, identifies and reduces FX and Commodity risk and operates within the parameters set in the Treasury Policy.

CONTRACT DURATION – One Year

LOCATION – Aberdeen Hybrid Working

TIME TYPE – Full Time

RATE - £470-£570

AND NOW FOR THE TECHNICAL BIT…

Once in role, you will be accountable for:

• Part of the Finance Leadership team involved in setting the strategy for the Finance function.
• Accountable for managing Spirit Energy’s liquidity and cash balances including instigating deposits, optimising the banking footprint and ensuring availability of adequate working capital facilities.
• Alongside the Commercial Team, jointly responsible for the management and optimization of bank guarantees, parent company guarantees and letters of credit, bank accounts and escrow accounts including the Decommissioning Security Agreements.
• Accountable for managing intercompany loan positions, cash centralisation and dividends while maintaining the integrity of the inter-company loan matrix and ensuring compliance with legal and operational guidelines.
• Responsible for the integrity of all accounting in Spirit Energy Treasury Limited.
• Responsible for identification, execution and management of FX and commodity hedges to mitigate currency risk within the Company’s operations and financing structure.
• Manage processes, policies and controls to support robust reporting, ensure timely and effective financial / management reporting and relevant forecasting of treasury activity and hedge positions to the CFO and the Board.
• Ensure all ledgers are maintained, supplier and customer reconciliations and reports are completed accurately and on time (for example GRIR)
• Responsible for the aged creditors, to ensure no monthly/year-end surprises, and co-ordinate the aged debt and aged creditor review with the wider Finance Operations team
• Ensure issues are resolved quickly for all internal and external stakeholders
• Lead the annual reviews of the Treasury policy, Commodity Hedging Policy, Treasury and Banking delegation of authority, bank mandates and bank portal access.
• Ensure the integrity of the Treasury management system, Medius AP system and all banking systems.
• Always seek improvement in process or systems to further minimise costs and increase efficiency in the function.
• Build and maintain positive working relationships with Shareholder Treasury Functions, Spirit’s banking relationship managers and any other key stakeholders.
• Builds and leads a high-performing team, is accountable for team performance and delivery as well as their wellbeing and development.
• Manages and develops the Treasury and AP teams, supporting cross functional knowledge and maintain documentation of all Treasury and AP processes.

ABOUT YOU

You’ll need to have an accounting qualification such as ACCA, CIMA, ICAEW or ICAS and a relevant University Degree. You will also have association of Corporate Treasurers qualification. Previous relevant recent treasury experience, ideally in a large multi-currency and corporate oil and gas environment is ideal.

To be successful in this role you will have:

• Great communication skills that informs/shares knowledge clearly and unambiguously, influences and persuades in a constructive way, sometimes influencing a change in the course of conversations, to gain agreement and collaboration.
• Demonstrable experience in complex and ambiguous situations – able to adopt a calm and composed mentality that promotes proactivity and deals with disagreements, problems and issues in an open and constructive manner.
• A decisive leader who sets high standards and drives performance. Is agile, flexible, open to challenge and able to challenge appropriately.

In addition to technical knowledge and credibility, we are searching for a someone who lives our values of Agility, Collaboration, Courage, Care and Delivery, enables and supports change and brings fresh and dynamic thinking.

But we’re not just about energy, we’re about Spirit

At Spirit Energy we believe that embracing inclusion, diversity, and equality allows for better collaboration and innovation. Therefore, we seek talent from every avenue, and offer flexible and part time working to support our colleagues personal development and promotion. Offering our teams competitive benefits and opportunities of development and skill building, we believe that our colleagues can shape the future of the UK Energy Sector. If you’re excited to shape the future of energy then apply today!