Contract - Treasury Lead

At Honda we embrace inclusion in our various policies, so whilst our contracts state that the hours are as required to fulfil the role with a minimum of 35 hours per week, we offer flexibility for when you work. The regular office hours are 08:00 – 16:00 Monday to Thursday with a half hour lunch break & 08:00 – 13:00 on a Friday. However, we offer flexibility of when you work with our daily flex-time start of between 07:00 and 11:00 providing that there is no business requirement.

Whilst there is no contractual right to work from home, the flexibility we offer is that you can request to work from home 2 days per week, again providing there is no business requirement to attend the office.

Role:

The Treasury Lead is responsible for defining, driving and implementing the overall strategy for Treasury and the associated Risk Management of Honda Finance Europe’s (HFE) borrowings of up to £1billion. A key element of the role is to develop and implement HFE’s funding plan that will be designed to meet daily and long-term liquidity requirements, whilst minimising HFE’s funding costs and adhering to liquidity ratio control items.

The role holder will ensure treasury systems, processes and procedures are operating effectively whilst ensuing effective Governance is delivered across the function. The role will also be responsible for all Treasury related reporting providing funding strategies to the Treasury Committee for approval.

The role holder will also work closely with the Treasury Back Office function and on an ad hoc basis cover the tasks of the Senior Treasury Analyst Co-ordinator and oversee a Treasury undergraduate.

Main Responsibilities:

Refinancing and Liquidity Management

• Work alongside the Senior Treasury Analyst on the operational responsibilities for HFE’s funding portfolio including loan facilities and Commercial Paper facilities, approx. £1 billion.
• Prepare and implement HFE’s medium to long term funding plan monthly, ensuring liquidity ratios are managed effectively whilst minimising costs.
• Investigate and implement alternative funding methods as instructed by the Treasury Committee.
• Plan and execute the refinancing of existing funding lines to ensure HFE has adequate funding at all times.

Risk Management

• Manage and report on all Treasury related strategic risks.
• Manage the Treasury Function’s Business Continuity Plan (BCP) and test the plan as part of the wider BCP tests for the Bracknell site.
• Manage HFE’s Interest Rate Risk and Foreign currency exposures, making recommendations to the Treasury Committee on how to effectively manage these risks. Implementation of risk strategies once approved by the Treasury Committee.

Governance

• Review HFE’s Treasury Policy bi-annually, ensuring it remains up to date and that business controls (including bank mandates and systems user access) and processes reflect the agreed policy.
• Perform an annual ‘Health Check’ of the Treasury function to ensure that best practice is being applied across the function.
• Manage and improve treasury processes and procedures to maximise operational efficiency.
• Support audits as required, including but not limited to SOx and year-end audits.

Treasury Reporting

• Prepare periodic Treasury Reporting for internal and external requirements, including reporting to Honda Motor and HFE’s banking partners.
• Liaise with Honda Motors Treasury Office as required.
• Prepare presentations to the monthly HFE Treasury Committee and quarterly Honda Motor Europe Regional Operating Board.

Treasury Back Office Function

• Work closely with the Treasury Back Office function to ensure all information on loan strategy and loans executed is provided so that operationally the business can adhere to its payment requirements.
• Provide ad hoc cover for the Treasury Back Office function to ensure business continuity during periods of constrained resources.

Qualifications, skills and experience:
Required

• Significant experience in a treasury function.
• Understanding of treasury markets & products.
• Good communications skills and the ability to develop strong relationships with banking partners.
• Ability to prioritise and provide evidence of a commitment to delivering results against targets and deadlines.

Desirable

• ACT qualified or working towards a Treasury Qualification (ACT) or equivalent.
• Bachelor’s degree in a relevant field such as Economics, Finance or Accounting etc.

Honda is committed to the principle of equal opportunity in the workplace for all employees, temporary workers, contractors, applicants and visitors. Honda also encourages respect for the individual differences and talents of others while making full use of one's own abilities, based on Honda's philosophy of respect for the individual.

At Honda, we value and celebrate diversity and are committed to being a fair, non-discriminatory company that promotes and welcomes the uniqueness and differences of people around the world. We recognise that a diverse workforce allows for different ideas and perspectives, and we encourage everyone to share them. We strive to foster a culture of belonging that is consistent with Honda's core values and lived out in the way we work and respect each other. For us at Honda, diversifying our workforce means increasing its overall strength by providing people with equal opportunities - regardless of personal characteristics or previous careers.

This commitment flows directly from the Honda philosophy and the belief that we are all working towards a common goal. Honda recruits, hires, trains and promotes the most qualified/experienced individuals at all levels without regard to race, origin, religion or belief, gender, sexual orientation, age, disability or any other protected characteristic.