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Treasury Advisor

  • Location

    Aberdeen, Scotland

  • Sector:

    Oil and Gas

  • Job type:

    Contract

  • Salary:

    £300 - £400 per day

  • Contact:

    Gordon Clark

  • Contact email:

    gordon.clark@morson.com

  • Job ref:

    149665GC2_1538409030

  • Published:

    2 months ago

  • Expiry date:

    2018-10-08

  • Start date:

    15/10/2018

Our client a leading Oil & Gas Operator are seeking a Treasury Advisor for an approx 6 - 12 month contract role based in Aberdeen.

Position Overview

The position will be responsible for the effective maintenance of all credit management activities for the client.
This will include continuing the implementation and application of localised credit policy, procedures and control framework and seeking required credit approvals from Leadership and Shareholders via FinCom.

The position will also be responsible for the Joint Venture's end to end LOCs process ensuring that all obligations are met within the required framework and that all required securities are posted in timely fashion.

Accountabilities

As a key position in the Finance, Tax & Treasury team, this role will support the Corporate Reporting and Treasury Lead
There are no direct reports planned for this position, however this role will deal with a wide variety of personnel from across the UK business including legal, commercial, marketing and supply chain

Key Duties

Prepare all necessary LOC calculations within the required framework and work with joint venture, Shareholder and external banking personnel so that all required securities are posted in timely fashion
Monitor and process DSA LOC fee payable to facility banks in a timely fashion, and perform calculation of annual guarantee fee due to Shareholders in line with existing agreements
Assist in preparing DSA LOC sensitivities/analysis to support commercial negotiations for any potential A&D activity in relation to security for decommissioning obligations
Provide support to the business in drafting new field wide Decommissioning Security Agreements (DSAs) and amending existing ones
Maintain the credit management framework for the joint venture in a structured and approved manner including managing the Credit Risk Management Committee meetings
Maintain clear representation of the respective credit requirements of the company's two Shareholders in respect of the joint venture company and agree any residual responsibilities to be maintained by parent companies as part of any ongoing service provision, as required
Gather credit intelligence from internal and external sources for counterparties, suppliers/partners and/or relationship banks to identify financial deterioration and potential credit policy triggering events
Perform credit reviews of new counterparties/suppliers/partners and make appropriate recommendations
Monitoring of creditworthiness of counterparties, suppliers/partners and/or relationship banks through rating agency actions, financial statement reviews or other. This includes reaction to and communication of material changes on a real-time basis
Provide guidance to the business on credit-related matters
Provide support to the Procurement Card process
Support the Corporate Reporting and Treasury Lead on other issues as required in the capacity of a deputy
Participate in various projects as necessary

Education Attainment & Accreditation

Proven Finance/Treasury experience
Bachelor's degree or equivalent is required and CFA or MBA or professional accounting designations preferred

Professional Skills & Experience

Experience in an oil and gas environment strongly preferred
Experience in the credit field would be preferable
Strong aptitude for numbers and analysis
Proven experience in a fast paced environment
Proven track record of working well in a team environment
Knowledge of credit related systems/software would be preferable

Interpersonal Skills & Qualities

Negotiation skills
Strong contract knowledge
Ability to lead, motivate and deliver through others
Reliable, hardworking individual, capable of performing with minimal supervision in a deadline driven environment
Superior communication, presentational and interpersonal skills including with senior leadership
Time management and organisational capabilities
Enthusiastic and positive attitude embraces change and continual improvement
Strong analytical skills
Able to process large amounts of data quickly, efficiently and error free
Ability to handle multiple responsibilities, set priorities and respond positively to demanding situations
Relates well to all kinds of people and builds effective and constructive relationships both internally and externally