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Treasury Manager - Funding & Markets
Job Reference tesco/TP/14118400/857884
This job has been closed.
What’s in it for you
We offer excellent benefits that help make Tesco a great place to work! These include but are not limited to:
- Annual bonus scheme
- Holiday starting at 25 days plus a personal day (plus Bank holidays)
- Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
- Life Assurance - 5 x contractual pay
- 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing
- Great colleague deals and discounts, saving you money on everyday purchases, eating out and utility bills for the home
- Access to our colleague networks providing a space for colleagues to come together from a range of backgrounds. For more information about our colleague networks please click here
- Opportunities to get on - take advantage of our ongoing learning opportunities and award winning training, to help you achieve the job and career you want
Click Here to read more about the benefits we have available for our colleagues
About the role
We have a fantastic opportunity to join our high-profile treasury team across two functions, giving a unique aspect of facing both in to the business units (Markets) as well as out externally to the rating agencies and banks (Funding).
The role benefits from significant exposure to the Finance Leadership Team and has natural potential to build well-rounded skills for career progression within Finance.
You will be responsible for
Funding
- Developing and maintaining in-house models for long term liquidity and credit metrics in line with rating agency and Tesco methodologies
- Assessing the impact of strategic actions, in line with Capital Allocation framework, on rating agency and Tesco metrics
- Supporting with relationship management: rating agencies and banks
- Leading execution of programs to purchase shares to satisfy colleague awards and shareholder return
- Creation of recommendation and approval papers for Tesco PLC dividend
- Stakeholder in the production of the Going Concern review
- Provide technical advice on the calculation of WACC
- Co-ordination and production of periodic reporting for Funding and Markets teams
Markets
- Primary business partner to Asia operations - maintaining strong, collaborative relationships with business units and being the go-to Treasury person, acting as liaison between business units and other treasury functions
- Leveraging wider Group Treasury team in making recommendations to optimise business unit: cash & liquidity management, funding & capital structure, risk management, and trade finance
- Championing a pro-sustainability perspective when developing treasury solutions
- Originating and implementing sustainability-led financing initiatives
- Coordinating business unit funding plan activities
- Monitoring and understanding business units cashflow performance and the impact on funding
- Identifying financial risks relating to treasury operations, including but not limited to currency fluctuations, banking disruptions, and funding risk. Supporting execution of risk mitigation projects
- Business support for any ad hoc treasury and financing projects
You will need
- Proven ability to influence senior stakeholders and work collaboratively outside immediate team
- Fluent in finance fundamentals
- Strong modelling and analytical capabilities
- Ability to work responsively to short deadlines and under pressure
Nice to have:
- A strong finance background with an interest to get into treasury
- A desire to study towards ACT qualification, for which funding is available
About us
Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is ‘Serving our customers, communities and planet a little better every day’. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.
We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We’re proud to have been accredited Disability Confident Leader and we’re committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please click here.
We’re a big business and we can offer a range of diverse full-time & part-time working patterns across our many business areas, which means that we can find something that works for you. We work in a more blended pattern - combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate. Please talk to us about how this can work for you - Everyone is welcome at Tesco.