Treasury Manager Job at City of London Full Time

Treasury Manager

London UK

We’re recruiting for a Treasury Manager to join a rapidly growing Insurance firm to lead the Treasury function through a key transformation project. This role will lead the end-to-end implementation and embedding of the new Treasury Management System (Kyriba), then will dynamically shift into a strategic Treasury leader role. This role will own business-as-usual (BAU) treasury operations, manage global cash and liquidity, optimize capital structure, and spearhead risk mitigation across interest rates and foreign exchange (FX). This is a high-impact position designed for a proactive professional eager to streamline forecasting, maximize cash value, and guide executive decision-making.

Role Responsibilities:

Kyriba TMS Implementation & System Optimization

• End-to-End Delivery: Lead the group-wide implementation of Kyriba, managing project timelines, testing, issue resolution, and core governance.
• Coordinate cross-border bank connectivity, payment workflows, global cash visibility, and reporting structures.
• Build out robust treasury policies, standard operating procedures (SOPs), and documentation tailored to the new system.
• Constantly challenge legacy workflows, streamline treasury processes, and pioneer sophisticated methods to improve cash flow forecasting.

Cash & Liquidity Management:

• Own the global and regional cash flow forecasting models to provide actionable insights into total group borrowings.
• Prepare and analyze weekly cash flow analytics for Senior Finance Management.
• Monitor group-wide cash balances to unlock value, advising on how to redeploy excess cash for debt reduction or strategic investments.
• Actively support business funding decisions, provide recommendations on M&A capital deployment, and oversee bank drawdowns and repayments.
• Drive higher returns on interest income by continuously monitoring and negotiating optimal rates across our banking providers.

Market Risk & Exposure Control

• Lead decision-making to minimize interest rate exposure; provide strategic recommendations on hedging strategies relative to external borrowing.
• Continuously monitor macroeconomic fluctuations, forecast interest costs on debt, and manage external leverage expectations.
• Provide expertise to manage foreign exchange exposure in alignment with FX hedging policies.
• Oversee FX transactions to smooth effective rates, partner with business units to propose target hedging levels, and author comprehensive FX updates for Board reports.

Relationship Management & Leadership

• Manage the group’s relationships with banks and lenders, ensuring seamless compliance with all facility agreements.
• Direct, mentor, and manage the performance of 1 direct report through clear goal-setting and regular Performance Development Reviews (PDRs).

Role Requirements:

• 7+ years experience in cash management, cashflow forecasting, financial risk management, treasury operations and bank relationship management within a non-banking environment (Insurance industry is desirable).
• Proven experience leading or supporting a Treasury Management System implementation (ideally with Kyriba).
• Strong experience with using MS Excel for cashflow forecasting
• Project management skills, capable of managing timelines, cross-functional workstreams and third-party vendor relationships
• Hands-on approach to Treasury management and proactive problem solver, capable of working within a highly manual environment transforming and driving efficiency.
• Desirable – Treasury (ACT / CTP) or Accounting (ACA, ACCA, CIMA) qualification.