Treasury Manager

Dublin, Ireland
19 May 2023
19 Jun 2023
Approved employers
Approved employer
Contract type
Full time
Experience level
Role: Treasury Manager

Purpose of role: To manage and develop the cash and dealing activities of the Treasury function, to assist in the management of Primark’s financial market risk, to support transactional banking and to drive the evolution of the Primark Treasury team
Reports to: Head of Treasury
Key Stakeholders: Primark & ABF Treasury teams, Relationship Banks, Finance, Tax, Legal, Retail Operations, Sourcing, ICT and Internal Audit
Location: Hybrid working model/Group Head Office, 22-24 Parnell St., Dublin 1
Contract: Full time
Key Responsibilities

Cash Management and Facilities
  • Manage day-to-day Treasury operations, providing strong guidance and support to Treasury Analysts
  • Oversight of Primark cash balances, identifying opportunities to improve cash management structures and working closely with ABF on implementation
  • Work with Finance to develop periodic cash reporting, and identify and implement optimisation strategies for cash in transit
  • Develop and own a short-term cash flow forecasting model, working closely with FP&A, Payments, Payroll, Tax and other key stakeholders
  • Responsible for management of Inter-company facilities, tracking utilisation of facilities and working with ABF on rightsizing of lines
  • Advise on opportunities to further develop the use of supply chain finance, and support where required on guarantees & trade lines
Risk Management
  • Support the Assistant Treasurer in identifying, monitoring and managing financial market risks across Primark, to include but not limited to currency, interest rate and commodities
  • Support on FX hedging cover decisions for external and internal risks, including the analysis of buyer order commitments and existing derivative portfolio for all Primark entities
  • Manage and maintain robust counterparty exposure reporting, compliant with Primark & ABF Treasury policies
  • Monitor Primark Lease debt and the financial risk of interest rate changes
Transactional Banking
  • Support and advise the Primark payments team on resolving payment issues, including engaging with banking partners and developing new processes
  • Support the Assistant Treasurer on identifying and implementing banking solutions in new markets
  • Work closely with Primark’s relationship banks and Primark teams to support transactional or operational banking requirements, and to develop new processes
Controls, Processes & Reporting
  • Ensure compliance with legislative and regulatory standards, and the ABF Treasury Policies, supporting on future developments of the Primark Treasury Policy
  • Maintain robust Treasury controls and procedures, developing risk and controls matrix and process documentation, and ensuring robust segregation of duties are in place
  • Liaising with internal, external and group auditors for all queries and periodic reviews
  • Develop and test appropriate business continuity procedures for treasury operations
  • Play a central role in the implementation and testing of future Treasury Management Systems
  • Support on the development and production of the monthly Primark Treasury report and information to be included in period end reporting packs
  • Desired Treasury (ACT) / Accounting (ACCA, ACA, CPA or equivalent) qualified/part-qualified preferred but not essential.
  • Desired 5+ years Treasury experience.
  • Experience working in a fast-paced, dynamic and collaborative environment.
  • Ambitious self-starter with a positive can-do attitude.
  • Attention to detail with excellent financial and analytical skills.
  • Ability to work under pressure and capable of handling multiple priorities
  • Strong communication skills with the ability to influence and manage key internal and external stakeholders and relationships.
  • English is essential and other European languages would be an advantage.
For further information, and to apply, please visit our website via the “Apply” button below. 

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