Group Treasury Manager

at  Synthomer

Synthomer is an innovative and differentiated global leader in sustainable polymer solutions. The Group is one of the world’s foremost suppliers of water-based polymers and has leadership positions in many markets. Our polymers help customers create innovative new products and enhance the performance of existing products in key industries such as coatings, construction, adhesives, textiles, paper and nitrile medical gloves.
With the acquisition of Eastman Adhesive Resins in 2022 and Omnova Solutions in 2020, Synthomer grew its global manufacturing network, expanded its product portfolio and boosted its geographical presence, allowing it to better serve over 6000 customers around the world. Synthomer has its operational headquarters in London, UK, and provides customer-focused services from regional centres in Harlow, UK; Marl, Germany; Kuala Lumpur, Malaysia and Beachwood, Ohio, USA. It employs more than 5000 employees in more than 40 sites and is listed on the London Stock Exchange.
We are currently recruiting a new Group Treasury Manager in our Group Treasury team in Harlow. This is a unique opportunity for a driven and independent treasury professional who wants to be at the forefront of a global award-winning treasury function.
Purpose of Job:
The Group Treasury Manager collaborates with the Group Head of Treasury to oversee worldwide treasury activities with a focus on banking and banking relationships, FX risk, cash flow forecasting, intercompany funding structures, transactional cash and banking activities, including the management of cash concentration arrangements, as well as system and automated process enhancements.

Main Accountabilities:

• Assist the Group Head of Treasury to execute global cash/liquidity management initiatives.
• Oversee day-to-day European group treasury operations, including resolving of issues, ensuring timely settlement of payments and investments.
• Manage Group cash forecasting activity, including KPIs to monitor and forecasting accuracy, taking necessary remedial action where required.
• Manage Group FX exposure, evaluate and review FX risk in accordance with Group Treasury policy and support initiatives to improve risk management.
• Develop strong operational banking relationships; conduct periodic analysis of banking fees and European banking controls.
• Support the Group Global Banking Project, reducing number of banks and bank accounts across the Group and maintenance of bank mandates.
• Manage and optimise the internal funding structures of the group entities including documentation of interco loans, cash concentration structures and dividends.
• Assist the Group Head of Treasury in the monthly treasury reporting and monitor costs of the department.
• Drive treasury process improvements and automation, supported by the ongoing implementation of the Group’s TMS by integrating released modules into the daily treasury processes and ensure TMS data is kept up-to-date.
• Administer banking and information platforms (Bloomberg & Eikon);
• Design and implement a strong treasury control framework and align the existing treasury policy to the evolving finance environment.
• Support and own internal and external audit queries and action points.
• Build strong internal relationships (accounting, treasury operations, internal audit, group finance, legal).
• Represent Group Treasury in strategic corporate projects (M&A, divestments).
• Lead the Group Treasury team of 2 Analysts and provide cover if needed.
• Support M&A activity of the Group.
• Deputise for the head of department when necessary.

Skills and Knowledge:

• Proven ability to manage multiple projects and priorities simultaneously.
• Proven ability influencing change and delivering results.
• Experience in managing multiple stakeholders in a fast-paced environment.
• Proven people management experience.
• Strong analytical skills, including the ability to link financial results to operational performance drivers.
• Initial experience in international corporate treasury, especially exposure to foreign
• exchange hedging and cash concentration structures
• Strong communications and negotiation skills.
• Experience with Kyriba and SAP systems highly desirable.
• Basic knowledge of factoring and other working capital improvement tools
• Operational trade finance experience including letters of credit and guarantees.
• ACT qualified or working towards a treasury qualification.

Location and Travel requirements:
Role based out of the European Shared Service Centre in Harlow (UK) with regular attendance at the Group head office in Pall Mall, London. Some travel to other Synthomer locations as and when required.
Minimum Requirements:
Education: Educated to Degree level with post graduate qualification (ACT/ACCA or CIMA equivalent) desirable.
Experience: Exposure of working within a large multi-national organisation.

Benefit Highlights:

• Annual company bonus.
• Hybrid working pattern.
• Free medical insurance offering.
• Competitive company pension plan.

Why Synthomer?
We are ambitious!
We have grown significantly – both organically and inorganically. We are a FTSE 250 listed company, 22% of our revenue comes from newly commercialized products, and we’re recognized in the top-quartile for chemicals manufacturing safety.
We believe in high challenge, high support!
We are keen to let you contribute in real roles from day 1. We expect a lot, but offer a lot, too. This includes onboarding, induction and learning events, networking opportunities, mentoring and personal development planning. So, be up for an inspiring long-term career adventure.
We personalize our approach to development!
At Synthomer, you won’t find generic career tracks or development programs but rather a one-size-fits-one approach to employee development. We’ll partner with you to ensure you have the right experiences that build your capabilities and accelerate your career growth.

Please refer the Job description for details