We are delighted to be working with CRC Evans in Edinburgh to appoint a Group Treasurer / Head of Treasury!
About CRC Evans
CRC Evans is a private equity owned oil & gas services company, recognised globally for first-class welding and coating services, technologies, and integrated solutions. The company has an unparalleled reputation for excellence that has been gained over 90 years, as a result of an outstanding track record of successful project delivery. With an experienced global team, CRC Evans supports the safe, reliable, and efficient delivery of energy and wider infrastructure projects around the world.
Reflecting the scale and reach of today’s energy and infrastructure projects, CRC Evans has a network of strategically located centres, allowing quick and efficient mobilisation, along with local delivery to the highest international standards. The company operates in the UK, Europe, North and South America, Africa and Asia.
Renewable Energy
Focused on contributing to the drive to achieve net zero goals, CRC Evans is building capabilities, capacities and developing required technology and procedures to answer to the worldwide fixed and floating wind sector. Welding and coating services are being applied across the offshore wind sector for final assembly of modules. The fabrication of both fixed and floating foundations on an industrial scale is a significant technical and logistical challenge where effective and efficient welding is a key requirement. By driving the evolution in welding technology CRC Evans can improve speed and consistency, supported by enhanced processing and procedures. Deployment across local fabrication yards will provide developers with greater flexibility and assurance over their procurement options and scheduling.
CRC Evans is also working to provide pioneering pipeline solutions to support the growth of hydrogen as a low-carbon energy source and is well placed to support customers during early stage planning for Carbon Capture and Storage projects.
The Opportunity
Following significant investment from PE owners, Blue Water, to support acquisitions and growth and a diversification into renewable energy, CRC Evans has recently opened an office in Edinburgh on Melville Street to create a global headquarters. An opportunity has arisen for a Head of Treasury to join the finance function, working from Edinburgh, reporting to the CFO.
For more information on CRC Evans please visit the website.
The Role
· Review the Group’s Treasury Policies for approval by the CFO ensuring appropriateness, covering
o Liquidity and Cash management
o Cash flow forecasting (13 week and next 4 Quarterly Covenant tests)
o Commercial Banking partners
o FX (including use of hedging and derivatives)
· Responsible for the overall liquidity and cash management within the Group
· FX
o Manage FX exposures around the Group ensuring suitable strategies in place in all Business Units.
o Provision of advice and support to Business Units on FX position on potential contracts at bid/tender stage
· Stakeholder Management – Establish and develop relationships with key stakeholders:
o Executive
o Business leads
o Main lender – US Debt Fund
o Citi and other Commercial Banks
· Support CFO in maintaining effective working relationship with external parties such as Citi Bank and Lender
· Cash Management
o Oversee 13-week cash-flow forecasting across the Group
o Prepare weekly 13-week Cash Flow forecast including commentary for review by Group CFO and upload to Blue Water portal
o Work with Finance and Tax to ensure efficient cash management across the Group with particular focus on sufficient liquidity to support operations and maximising cash in Bank Accounts at Quarter Ends that are included within Net Cash definition on Lender Net Leverage Covenant Test
o Management of Group’s Revolving Credit Facility to ensure efficient use and compliance with “clean down” provisions
· Facilities – Management of Performance Guarantees ensuring
o Available for business but when issued terms comply with Group Policy
o Cash collateral is minimised
o Guarantees are returned and cancelled at earliest possible opportunity
· Support to CFO on any refinancings
· Compliance, Process and Controls – Ensure Finance Teams operate bank accounts in accordance with Treasury Policies and SOMA
The Candidate – Experience and Knowledge
· Qualified Treasury professional (AMCT) or Accountant (CA / ACA / ACCA / CIMA) or “qualified by experience”
· Significant experience in a Treasury role within an International Group
· Ability to anticipate, identify and resolve complex financial issues
· Strong leadership skills
The Package:
Salary: £90,000 – £110,000 depending on experience
Pension: 4% employer: 5% employee
Bonus: Up to 20%
Holiday: 25 plus public holidays (33 in total which includes 4 fixed)
Parking: Free
Professional Subscriptions: One annual subscription per year an be expensed
Life Assurance: 4 x base salary
Private Medical Insurance: BUPA. Family members can be added at discounted rates.
Hybrid working: Policy of 4:1 with flexibility
To Apply or find out more:
To discuss in confidence, please contact retained advisor Amy Peoples – 07399 980 038, or [email protected].
