Senior Treasury Manager

Date Posted: 25/11/2021
Department: Treasury
Company: Canary Wharf Ltd
Reporting to: Group Treasurer

Job Summary:

Canary Wharf Group is looking for a motivated and tenacious self-starter to join their Group Treasury function in this broad ranged Treasury Manager role. The ideal candidate will be able to thrive in a challenging, fast-paced environment, have an outstanding work ethic and have the ability to work individually on projects as well as part of a dynamic team. They will possess exceptional interpersonal communication skills and have the ability to develop and maintain beneficial relationships with clients as well as colleagues.

About Canary Wharf Group

Canary Wharf Group (CWG) is the developer of the largest urban regeneration project in Europe. CWG develops, manages and currently owns interests in approximately 7.7 million square feet of office space, 0.9 million square feet of retail and over 1,000 build-to-rent apartments.

CWG is the largest sustainable developer in the UK with over 10 million square feet of sustainable certified buildings. CWG also excels operationally as it purchases 100% electricity from renewable sources since 2012 and zero waste to landfill since 2009.

CWG has created a 24/7 city where people can live/work/play on the Canary Wharf estate and enjoy all the benefits: great transport links, access to green spaces and waterside living; and a wide range of amenities including an award-winning arts and events programme. Canary Wharf’s retail offering comprises over 300 shops, including grocery stores, pharmacies, health clubs, bars and restaurants, all within 15 minutes’ walk.

The Company’s current £2.4bn construction activity is composed of 500k square feet of commercial properties and over 1,750 new homes for sale and rent.

Our Culture and Values

Working at Canary Wharf Group means working for a forward thinking, collaborative team. We hire staff who strive to make a difference and achieve the highest standards. Everyone is empowered to make a difference and our ethos encourages everyone to think like an owner. Our business puts our customers and people at the heart of everything, we work to meet their needs and exceed expectations.

Our mission is to empower our people, engage our communities and create sustainable places.

Our values help us achieve exceptional results:

Excellence: Commit to achieving the best with integrity

Collaboration: Make us of our vast experience and knowledge to work effectively together

Engagement: Develop our people, our communities, our stakeholders and our suitable environment and be exceptional while respecting others

Ownership: Take responsibility and pride in what we deliver. Everyone has the opportunity to make a difference.

Innovation: Embrace change and encourage innovation

Main Responsibilities

Cash Forecasting & Reporting

  • Preparation of cash forecasts, for decisions regarding cash management and longer-term liquidity planning, as well as monitoring forecasting models to track short-term project funding requirements
  • Take a business partnering approach, ensuring constant communication with key business teams to understand upcoming short term cash requirements and longer-term liquidity
  • Assisting the Treasury Accountant and FP&AS team in preparation of the monthly and quarterly cashflow updates
  • Work with the Group Treasurer to implement KRIs and KPIs for the function, measurement tools, reporting and action plans
  • Input into quarterly shareholder reporting
  • Able to sense check interest and SWAP calculations and challenge banks where differences are identified
  • Grow relationships with key external stakeholders including Chatham Financial

Cash Management and Treasury Operations

  • Monitoring bank balances and updating Bank Transactions Report, detailing and analysing type and reason for bank entries
  • Implement best in class Treasury practices to move Group more towards a more progressive In-House Bank structure
  • Design and implement appropriate liquidity investment strategy and procedures, placing surplus cash on overnight and longer-term deposits and negotiating with bank to gain maximum returns.
  • Planning and execution of all payments for external borrowings/investments
  • Oversee Treasury compliance work within the business including AML, FATCA & CRS reporting, KYC, and annual audit requests
  • Management of two junior staff, responsible for:
    • Ensuring the team manages intercompany funding for over 200 entities and over 500 bank accounts
    • Responsible for opening and closing bank accounts, as well as mandate amendments
    • Monitoring and reporting on bank charges
    • Daily bank reconciliation of bank balances to Accounting system information, updating Accounting system records and running associated reporting

Debt & Capital Markets

  • Assist Director of Group Treasury with required Corporate Finance work, including presentations for refinancing maturing debt, modelling Liability Management Exercises, as well as possible new financing opportunities
  • Assisting in the preparation of letters for quarterly interest payments, including construction loan IPDs
  • Assisting in the preparation of construction loans drawdowns in conjunction with forecast project cash requirements
  • Produce quarterly compliance reporting for secured finance portfolio, including liaising with internal and external stakeholders for input data and coordinating audit trail sign offs by Heads of Department

Systems & Controls

  • Responsible (with team) for all Treasury and banking related systems including banking platforms
  • Assisting with implementation of new accounting system (Yardi), consideration of potential for Treasury Management System (and future implementation.)
  • Strengthen the control environment and drive change through continuous process improvements and re-engineering cash management processes
  • Implementing new best practice processes following the launch of the Group’s new residential rental business (Vertus), helping the Vertus management team during the let-up phase
  • Dealing with trouble-shooting requests linked online banking platforms and any future treasury systems to ensure a smooth payments process; responsible for ensuring all payments are processed successfully and following up with communications when there are errors, resolving issue and completing ‘post-mortem’ on how to avoid payment error in the future

What We Require of You

  • Ideally hold a Bachelor’s degree with strong academic results, and a professional Treasury qualification (AMCT)
  • Will have at least 5 years+ experience within a Finance or Corporate Treasury environment
  • Excellent Excel skills (ideally with experience with Macros/ VBA)
  • Experience with Treasury Management Systems as well as ERPs (Property Management/Yardi desirable)
  • Strong team-player with excellent interpersonal, leadership and influencing skills and ability to work well with internal stakeholders
  • Self-starter with the ability to work under pressure to multiple deadlines
  • Clear oral and written communication skills; ability to work with internal / external partners across different functions and communicate with all levels of management
  • Creative – proven ability to think strategically, and to focus on goals and continuous process improvements, whilst motivating other team-members to ensure delivery

To achieve our company vision, mission and values, there are core responsibilities within each job role that helps us provide a consistent, safe and effective approach, whilst improving the service that we deliver.

All staff shall:

  • Adhere to our Health, Safety, Quality and Sustainability requirements as detailed in our policies within our Integrated Management System. The latest documents including relevant procedures and forms can be found on SharePoint, with Trade Contractor and Consultant related documents on Asite.
  • Act responsibly, and take care of yourselves and others. Follow all necessary precautions, guidance and instructions when conducting, supervising or managing a task. Further details regarding Health & Safety are set out in the Health & Safety Policy, within our Employee Handbook and are available within our health and safety management system located on SharePoint.
  • Protect the environment and reduce our environmental impacts through reducing energy use and minimising waste produced onsite. Staff should adhere to the procedures in our environmental management system. Relevant documents are located on SharePoint.

What We Offer

Diversity and Inclusion: We recognise the importance of embracing diverse experience, skills and perspectives at all levels and operating in an inclusive working environment, in order for everyone to reach their full potential. We also recognise that it makes business sense, since being an inclusive employer leads to better business performance and higher levels of employee engagement and satisfaction. We welcome applicants with diverse backgrounds, perspectives and skills and are committed to fostering a culture whereby everyone can reach their full potential.

Flexible Working: As an inclusive employer, we recognise the positive impact flexible working can have on an individual, their wellbeing, engagement and productivity. Therefore, we are open to consider flexible working arrangements, both temporary or permanent.

Learning and Development: At Canary Wharf Group, our employees receive a wide range of support to help improve their skills and achieve their career goals. We offer development opportunities through classroom and e-learning training, mentoring, cross department experience and on the job learning. We heavily invest in our staff attaining accreditations to develop existing and new skills, support chartered status, sponsorships and provide further educational opportunities which are job and business related. We never stand still and continually invest in developing skills and knowledge to ensure individual and company growth.

Other Benefits: We are committed to building a safe, happy and healthy community for our employees and we offer a comprehensive range of benefits, all designed with our employees and their wellbeing in mind. From generous pension and insurance plans, to health benefits, subsidised gym membership, store discounts and family leave, our benefits package allows our employees to choose the benefits that suit them and their individual needs.

If you are interested in joining our highly professional and skilled team for our next exciting phase of development, please complete the form on this page to apply online or send your cv and covering letter to: Personnel Department, Canary Wharf Group plc, One Canada Square, Canary Wharf, London, E14 5AB.

Closing date for applications is Friday 10 December 2021.

Early applications are encouraged as we reserve the right to appoint at any point.

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