Job Description

Group Treasurer

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Department: FINANCE & OPERATIONS
City: London
Location: GB

INTRODUCTION

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At Burberry, we believe creativity opens spaces. Our purpose is to unlock the power of imagination to push boundaries and open new possibilities for our people, our customers and our communities. This is the core belief that has guided Burberry since it was founded in 1856 and is central to how we operate as a company today.


We aim to provide an environment for creative minds from different backgrounds to thrive, bringing a wide range of skills and experiences to everything we do. As a purposeful, values-driven brand, we are committed to being a force for good in the world as well, creating the next generation of sustainable luxury for customers, driving industry change and championing our communities.

JOB PURPOSE

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The treasury function partners the business through treasury strategy and policy including cash management, bank relationship management and strategy, investment solutions for surplus cash, FX dealing and hedging exposures in the supply chain, inter-company funding, providing guarantees in support of leases and duty deferment, supporting the business on projects and implementing process to ensure Burberry complies with regulatory changes affecting Treasury.





The remit of the function includes: Treasury strategy and policy, liquidity, external funding, credit rating, management of cash positions, financial risk management including FX, NI and interest rate hedging, compliance with financial regulations, internal and external reporting, inter-company funding, bank relationships and treasury systems.

RESPONSIBILITIES

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Ensure the function adheres to market best practice and standards by defining and implementing the strategies, plans, policies and procedures to manage the Treasury risks facing the group Responsible for the mitigation of key Treasury risks including foreign exchange risk, interest rate risk, funding/liquidity risk and National Insurance risk from share schemes Own, develop and manage bank relationships globally including debt capital markets and money market funds Using cash flow forecasts provide by other teams, manage all group investments, day-to-day cash management including identification and payment of intra-Group dividends to repatriate cash to the centre. There is exposure to approximately 20 currencies in the Group's portfolio and about 4bn is traded annually in FX spot, forwards and swap deals Maintain the strong investment grade credit rating and rating agency relationship. Advise the executive team of the impact of corporate strategy Arrange and negotiate all group borrowing and banking facilities both internal and external. Current external debt facilities are a 300m sustainability bond and a sustainability linked 300m RCF with seven banks. Participation in sustainability matters to enable the compliance process for bonds and credit facilities including the ESG aspects of the facilities and the annual assurance of the ESG metrics Lead and manage the tender and execution of share buyback programme in conjunction with the Company Secretariat team when needed Evaluate and enhance the group's approach to hedging foreign exchange risk Partner with the business by assisting with the procurement of guarantee facilities involving negotiation of terms and the issuance of guarantees Partner and enable the business to manage the Treasury aspects of new initiatives and projects Ensure regular and accurate reporting on Treasury matters to senior management including Audit Committee papers and presentations Development of relationships with Group Finance, Tax, Company Secretariat, Legal and other central departments Develop and manage of a team of three Work as part of the Group's Finance Leadership Team in addressing the challenges facing the Group's finance function

PERSONAL PROFILE

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Graduate (or equivalent) Association of Corporate Treasurers - MCT Advanced Diploma and/or qualified accountant Significant experience of working in a multi-national corporate Treasury department at a senior level Experience of cash management structures and FX management techniques IT and Treasury Management System literal would be highly advantageous




Skills;


Strong communication skills both written and oral with an ability to influence outcomes at all levels and across disciplines Excellent negotiating and Treasury technical skills Ability to handle pressure and managed multiple issues simultaneously Works on own initiative; self-motivated; adaptable; able to work in fast-paced, changeable environment; solution-driven Good team player; ability to prioritise tasks within tight timescales Ability to understand and implement complex finance solutions Proven track record of delivering improvements Advanced Excel Skills

PURPOSE & VALUES

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At Burberry we believe that how we live our values and contribute to our culture is equally as important to what we achieve. Our four values (Creatively Driven, Open and Caring, Proud of our Heritage & Forward Thinking) encapsulate the culture we foster and describe who we are at our best.



Is it our expectation that all colleagues, regardless of function, geography or level, embrace and role model our values. Burberry leader pride themselves in -


Inspiring passion and role modelling creative thinking Investing time and taking accountability to attract, develop and retain talent Fostering an inclusive culture where all colleagues can thrive Creating space for innovation, challenging status quo, making bold choices for the future Acting in the best interest of our brand, the environment and our communities

To learn more about our purpose, values and how we lead please visit:

https://www.burberryplc.com/company/our-purpose-and-values

FOOTER

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Burberry is an Equal Opportunities Employer and as such, treats all applications equally and recruits purely on the basis of skills and experience.




Posting Notes: United Kingdom || Not Applicable || London || FINANCE & OPERATIONS || TREASURY || n/a ||

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