Treasury and Credit Manager

4 days ago Be among the first 25 applicantsFounded by British makeup artist and beauty entrepreneur Charlotte Tilbury MBE in 2013, Charlotte Tilbury Beauty has revolutionised the face of the global beauty industry by de-coding makeup applications for everyone, everywhere, with an easy-to-use, easy-to-choose, easy-to-gift range. Today, Charlotte Tilbury Beauty continues to break records across countries, channels, and categories and to scale at pace.

Over the last 10 years, Charlotte Tilbury Beauty has experienced exceptional growth and is one of the most talked about brands in the beauty industry and beyond. It has become a global sensation across 50 markets (and growing), with over 2,300 employees globally who are part of the Dream Team making the magic happen.

Today, Charlotte Tilbury Beauty is a truly global business, delivering market-leading growth, innovative retail and product launches fuelled by industry-leading tech — all with an internal culture of embracing challenges, disruptive thinking, winning together, and sharing the magic. The energy behind the brand is infectious, and as we grow, we are always looking for extraordinary talent who want to be part of this our success and help drive our limitless ambitions.

About The Role

Charlotte Tilbury are on the hunt for a Treasury and Credit Manager to join our growing Group Finance team. As a Treasury and Credit Manager, you will oversee Charlotte Tilbury''s treasury operations and credit management functions. Your primary responsibilities include managing cash flow, optimising liquidity, and ensuring effective credit control. You will develop and implement strategies to minimise financial risk, enhance profitability, and maintain strong relationships with insurance and financial institutions. Additionally, you will analyse financial data, prepare reports, and provide insights to support decision-making processes. Your role is crucial in maintaining the financial health and stability of Charlotte Tilbury.

The ideal candidate would be a motivated self-starter, with the ability to work in an environment that requires daily flexibility to meet team goals and responsibilities and with proven experience working in a Group Treasury and credit role, working in a face pace global muti-currency environment.

As a Treasury and Credit Manager you will

Cash Flow Management, Forecasting and Reporting

Develop insight and management strategies to optimise the Group Cash Flow and mitigate liquidity risks, correlating between, amongst others, foreign exchange exposure, interest rate risk and cash pooled vs non-cash pooled balancesReview and submit the Group''s weekly actual cash reporting and rolling forecast, highlighting any key deviations from plan and any recommendations to address risks or opportunitiesReview and finalise the monthly cashflow reforecast, providing clear variance analysis and commentary, collaboration with other internal functions to develop improvement and/or mitigation plans.

Cash Pooling and Payment Planning

Monitor and plan the cash pooled and non-pooled accounts and balances, optimising deposit and borrowing balances to minimise FX and interest risk through timely intercompany and transfer pricing settlements in order to meet future payment obligations

Bank Account Administration

Review and plan the group bank facilities, account opening and/or closing, account currency and funding structuresReview and approve changes to user permissions, ensuring correct access privileges, maintaining segregation of duties and key internal controlsDevelop strong relationship with corporate banks and parent treasury functions, leading on all banking and cash pooling relationship matters, annual reviews and escalations

Foreign Risk Management

Advise business on foreign exchange risk on new customer contracts, supplier agreements etc and propose mitigating strategies to minimise riskAnalyse and provide monthly commentary on realised and unrealised FX gains / losses, recommend and implement strategies to mitigate future exposureWork with bank and parent company on FX mitigation strategies, including the execution and management of forward exchange contracts, hedges and non-GBP balance swopsWork closely with the Financial Shared Service team to validate monthly valuation accounting on any FX instruments (Hedges, swops)Provide monthly insight reports on current liquidity and FX exposures, future trends and FX forecasts

Share Capital, Dividend and Debt Management

Work closely with Group Finance and Group Tax, identifying opportunities to optimise the Group Entity''s intercompany and external debt, liquidity and equity balance sheet positionsManage the Group funding and investment process, including dividend planning, share capital injection and intercompany settlements

Credit Risk Management

Responsible for the Group Credit Policy and adherence across the Group entitiesManage the group credit risk, collaborating with internal teams, credit insurers and third-party rating agencies to ensure credit risk exposure and mitigation is both planned and controlledLead the relationship engagement with the Group credit insurers, negotiating and ensuring suitable credit insurance coverage across all markets, managing policy conditions, claims, escalation, notifications and credit insurance costsReview, validate and endorse credit limit extension requests, and submit for approval in accordance with delegated authority matrixWork with key stakeholders to develop and report key credit risk KPIs, highlighting any risks and mitigation actionsPreparation and distribution of a periodic Global ADR report highlighting regional risks including risk mitigation recommendations to CT Credit Committee comprised of EXCO members

Other

Provide recommendations for improvements to internal processes and accounting proceduresAd hoc activities and projects, as needed

About You

Certified Treasury Professional (CertTF) and/or ACA/CIMA/ACCA designation is a mustStrong banking relationship and bank facility understandingProven relevant cash/ credit management experience, working in a multi-currency environmentExperience in Group cash pooling, centralized treasury and foreign exchange hedgingStrong understanding and experience in intercompany process and group funding requirementsExperience in managing credit insurance programs and credit risk policiesGood working knowledge of UK Accounting StandardsExperience in managing global process development, credit, collections, and projects in an Muti National Company (MNC) environment is desirableExperience in the Luxury sector and/or FMCG is desirableDeadline oriented with a commitment to accuracyGood time management and organisational skillsKeen attention to detailIndependent thinker and driven to achieve best resultsAdvanced MS Excel and ERP systems skills. NetSuite experience is desirableExcellent communication skillsAbility to prioritise and provide follow up in a fast-paced environment

Why join us?

Be a part of this values driven, high growth, magical journey with an ultimate vision to empower everyone, everywhere to be the best version of themselvesWe''re a hybrid model with flexibility, allowing you to work how best suits you25 days holiday (plus bank holidays) with an additional day to celebrate your birthdayInclusive parental leave policy that supports all parents and carers throughout their parenting and caring journeyFinancial security and planning with our pension and life assurance for allWellness and social benefits including Medicash, Employee Assist Programs and regular social connects with colleaguesBring your fury friend to work with you on our allocated dog friendly days and spacesAnd not to forget our generous product discount and gifting!

At Charlotte Tilbury Beauty, our mission is to empower everybody in the world to be the most beautiful version of themselves. We celebrate and support this by encouraging and hiring people with diverse backgrounds, cultures, voices, beliefs, and perspectives into our growing global workforce. By doing so, we better serve our communities, customers, employees - and the candidates that take part in our recruitment process.

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