Senior Treasury Operations Analyst

Howden Group

Senior Treasury Operations Analyst page is loaded Senior Treasury Operations Analyst Apply locations London time type Full time posted on Posted 3 Days Ago job requisition id R

From day one, our mission has been to create an independent business with a unique culture – one that is controlled by the people who work for it. Finding the most talented and entrepreneurial people has always been key to our success.

People come to Howden for lots of different reasons, but they stay for the same one: our culture. That’s what sets us apart, and why we nurture and retain the best talent in the market. Whatever your priorities – work/life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.

Reporting into the Head of Group Treasury for Howden Group Services

Role Definition

Howden Group Holdings (“HGH Group”) is the largest privately held insurance intermediary outside North America. With annual revenues in excess of £1 billion. HGH has operations in 50 countries across Europe, Asia Pacific, the Middle East, Africa and the Americas and shall have over 14,500 employees following completion of the Aston Lark transaction. HGH benefits from the support of institutional investors General Atlantic, CDPQ and Hg Capital, providing it with deep financial resources to undertake acquisitions.

HGH Group operates a partially decentralised treasury structure with a large population of banks and accounts as a result of its global M&A strategy. Howden relies predominantly on debt markets to fund its growth plan and the cash peak following a debt raise usually reduces in line with new acquisitions. There are a number of treasury projects aimed at optimising current yields and improving overall cash management.

We are looking for a Treasury Operations Analyst to join Group Treasury in a role that is based in the Central London office but has flexibility to work remotely. The candidate will join a current team of three working in Group Treasury supporting HGH Group cash and risk management projects and operations.

The role will include regular interaction with other departments and colleagues across the business. There are three main parts to the role 1) implement cash pooling project 2) implement pool bank connectivity and account rationalisation 3) support other treasury projects and operations.

Key Responsibilities

• Implement HGH Group’s cash pooling project

  • Drive delivery of HGH Group’s cash pooling project and continued development and evolution

  • Engage with global Finance / Treasury / Project teams to deliver programme deliverables

  • Analyse bank account data to determine, monitor and manage working capital cycles, target balances over draft limits

  • Set up and maintain multicurrency notional pool with target/zero balance sweeping arrangements

  • Develop and manage a post-acquisition treasury integration process to add pool participants

  • Point of contact for new entrants to the cash pool and key connection between the group pooling project management office and business

  • Report on key performance indicators of pooling project

  • Manage pooling agreements and amendments with the legal team

• Implement bank account connectivity and rationalisation for pool participants

  • Engage pool bank population to report by SWIFT to the TMS

  • Manage banking documentation for opening and closing pooling accounts with banking partners, including KYC and any due diligence

  • Maintain bank account signatories for Group Treasury

• Administration of banking portal access for Group Treasury and setting up access profiles, payment flows and statement feeds and reports

• Drive rationalisation of existing bank accounts and manage account optimisation for newly acquired entities joining the pool

• Support existing and emerging treasury and cash management activities as the group and function grow

  • Support daily TMS cash management processes

  • Support cash flow forecast, analysis and reporting obligations

• Support other emerging HGH Group projects as required

• Remain compliant with internal and external policies, procedures and governance

Key Competencies

Essential:

• Demonstrable experience of managing a multicurrency cash pooling structure

• Experience in operating and developing a TMS (Kyriba would be a distinct advantage)

• Ideal candidates will be part qualified through the ACT as a minimum

• Candidates must have previous experience working in group treasury or finance functions of global insurance companies or international insurance brokers

• Candidates must have prior treasury in-house banking exposure

• Advanced abilities in using Microsoft Excel as analysis tool (VLookups and pivot tables)

• Accurate and excellent at self-review with good understanding of financial control principles

Desirable:

• Excellent communication skills across the organisational hierarchy

• Self-starter with excellent ability to prioritise continuously and effectively

• Demonstrable experience of producing accurate, time sensitive reporting

Our Culture: People First

We’ve travelled far since opening our first office in 1994. Back then we were local experts – based in London, with direct access to the world’s biggest insurance market. We’re still locals, and we still deliver the right advice and the right insurance to our clients. But now, we’re local all over the world. With 15,000 global colleagues and a partner network spanning more than 100 territories, we are the largest independent insurance broker in the world. But our values haven’t changed since day one, when we set out to create a company grounded in:

• An employee-ownership model
• Aligned external investors
• The trust and integrity born of friendship
• Expertise
• Independence

Our focus on being a people-first business has always been at the very heart of Howden. Our vision was to create an independent business with a unique culture; one that would survive and thrive as a business controlled by the people working for it. Our employee ownership model sets us apart in the market. It’s created a culture of collaboration and innovation, where we’re driven to think bigger and empowered to challenge convention.

Our flat structure and entrepreneurial spirit help us attract the best people and empower them to be the best version of themselves. And when we bring in and nurture great talent, more follows. That makes us better – and that’s better for everyone.

Diversity & Inclusion

At Howden we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

Permanent About Us

Our Story

In November 1994, David Howden founded a business that was literally the smallest insurance broker in the world. It had no clients and no track record. But it did have five things:

Equity ownership – the people doing the business, owned the business

A minority external investor with a long-term outlook

A product specialty

3 friends (and a dog)

A commitment to building a business with independence enshrined in its fabric

Today, the business has a global footprint of more than 14,500 employees in 50 countries spanning Europe, the Middle East and Africa, Asia Pacific and the Americas. For the FY22 our Group’s organic growth was 19%, our revenue exceeds (USD) $2bn, and we handle $30bn in written premiums for clients.

Howden Group is an independent, global insurance group headquartered outside North America, comprising:

Want to see what kind of organisation Howden Group is? Click here to learn about what makes us who we are.