We are delighted to be partnered with Aggreko, managing their search for a Treasury Accounting Manager.
The Company:
Aggreko is the global leader in temporary power generation and temperature control. The business, which is headquartered in Scotland is of significant scale, reporting revenues of £1.7bn in 2022 from operations in 60 countries making it one of the largest corporates in the West of Scotland. Since private equity ownership, EBITDA has doubled to £1.3bn.
Aggreko is a company with deep Scottish roots and a clear vision for continued international growth. The company is preparing to strengthen their global governance framework in anticipation of potential future listing requirements, making it an exciting environment for a promising treasury accounting professional looking to make the most of career development opportunities.
The Treasury Accounting Manager role sits within a well-established treasury team of nine people and will report to the Head of Treasury, with an official line into the Group Treasurer and Director of Risk, as well as a dotted line into the Group Finance Director. The successful candidate will work very closely on a day-to-day basis with the wider Treasury team. The treasury team is a fully centralised function, one of the largest corporate Treasury functions in Scotland. It plays a critical part in a large finance department operating on a global scale.
In any given day, the company could be tasked with a variety of challenges from providing power for an organised event in the desert or outback, to helping provide generators in a crisis situation such as a natural disaster making the work often very responsive in nature.
The varied and global nature of the business adds a level of complexity to the treasury operations making for a fast paced and multi-faceted environment in which you will gain exposure to a wide range of complex treasury dealings, as well as the wider corporate finance function.
The Job:
Group Treasury at Aggreko is a focused and agile specialist team operating as a fully centralised function. You will be joining a strategic hub, managing the company’s global financial requirements with precision ensuring the right resources are in the right place at the right time.
The primary accountabilities of the Group Treasury function include ensuring the availability of funds in appropriate currencies to meet the Group’s day-to-day commitments, managing the Group’s investments and borrowings to minimise the cost of debt and protecting the Group from adverse movements in foreign exchange and interest rates. It executes around £10bn of financial markets transactions each year in an environment secure from operational risk and provides vital financial support to subsidiaries across the globe, underpinning the company’s growth and stability worldwide.
The Treasury Accounting Manager will work closely with other members of Group Treasury, Group Finance, Group Tax and the business units to support the existing and new accounting-related workstreams:
- Accurately recording and reporting all Treasury activities in accordance with internal policies and regulatory requirements.
- Accounting for Group Treasury’s financial market transactions and inter-company cash transactions, ensuring compliance with accounting standards and internal controls.
- Assist in the preparation of quarterly statutory disclosures related to Group Treasury’s activities, ensuring timely and accurate submission in line with regulatory requirements.
- Assist with the forecasting the Group’s interest charge and performing variance analysis by reconciling forecasts with actual outcomes to support financial planning and decision-making.
- Leading and supporting operational improvement initiatives and performance measurement activities within both Group Treasury and Group Finance functions to enhance efficiency and effectiveness to result in a faster Month End closing process.
- Providing critical assistance and support during the Group’s year-end audit process, ensuring compliance with PCAOB (Public Company Accounting Oversight Board) standards.
- Supporting the conversion and reconciliation of treasury statutory disclosures from IFRS to US GAAP, ensuring accuracy and adherence to the relevant accounting frameworks.
- Assisting with the transition of treasury accounting and month-end close processes to comply with SOX (Sarbanes-Oxley Act) requirements, including documentation, control testing, and process improvements to strengthen internal controls and financial reporting integrity.
The Successful Candidate – Skills and Experience
- Strong technical knowledge of corporate treasury operations, financial accounting standards (IFRS and US GAAP), and regulatory frameworks including PCAOB and SOX compliance requirements.
- Advanced analytical and problem-solving skills with the ability to perform detailed reconciliations, variance analysis, and support complex audit and financial reporting processes.
- Proficiency in treasury management systems, electronic banking platforms, and advanced Microsoft Excel capabilities to manage data accurately and efficiently. Experience implementing accounting aspects of a new treasury management system would be a distinct advantage.
- Excellent communication and interpersonal skills to collaborate effectively with internal stakeholders, external auditors, and external consultants, while maintaining a high level of professionalism and attention to detail.
- Highly organised, thorough, and able to work accurately and efficiently under pressure, using initiative to make well-considered decisions in a fast-paced environment.
- Demonstrates honesty, openness, pride in work, and personal accountability for delivering commitments consistently.
- Experience in a US listed or dual listed UK/US company would be a distinct advantage.
The recruitment for this position is being managed by advising consultants, Métier Peoples. In the first instance interested candidates should contact Amy Peoples at:
[email protected] or 07399 980 038.
Any direct applications or third-party introductions will be forwarded to Métier Peoples for consideration.
