Head of Treasury

Position: - Head of Treasury - Finance

Reports To: - Chief Financial Officer

Directorate: -Finance & Business Development

Location: - Aberdeen

Department / Function: - Corporate Finance

Temporary contract - PAYE tax status

12 months

Start - January 2026

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 Company's 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.

The role and responsibilities will include, but are not limited to the following: -

• Previous relevant recent treasury experience, ideally in a large multi-currency and corporate / O&G environment

• Part of the Finance Leadership team involved in setting the strategy for the Finance function
• Accountable for managing the Company'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 the Company's 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, the Company's banking relationship managers and any other key stakeholders
• Familiar with the Company's Leadership Expectations - clearly demonstrates their own capability in line with these.
• Lives by the Company's safety principles and is passionate about having an incident-free workplace
• 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
• Leads and instils technical and professional excellence, ensuring capabilities remain in line with industry and function development and best practice
• Communicates and influences with impact, clarity and conviction, leading effective change and providing regular and appropriate team, business and organisation updates
• Consults and listens, taking on ideas, building rapport and enabling effective two-way communication
• Leads the development and management of their workforce and resourcing plan effectively, within the planning cycle, ensuring employee wellbeing (holidays, working time, etc.) is given due consideration alongside business and cost requirements
• Manage shorter-term issues as they arise
• Is familiar with, communicates, supports, applies and adheres to the Company's people policies and procedures.
• Emphasizes the importance of environmental, social and governance criteria.
• Proactively works towards making the organisation socially responsible in all aspects of its business

Applications are invited from relevant Degree Qualified candidates.

Accounting qualification preferred - ACCA, CIMA, ICAEW, ICAS