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Treasury Specialist

Vacancy Details

Location: Dublin
Region: Republic of Ireland
Job Type: Specialist
Category: In the Office
Closing Date: 13/10/2017
Date Posted: 28/09/2017
Reference: 3536


Aer Lingus Recruitment
Treasury Specialist
Finance Department, Dublin
Fixed Term Contract – 2 years

Applications are currently being invited for the role of Treasury Specialist in the Finance Department in Dublin. Reporting to the Director of ITT, the successful candidate will perform a key strategic and operational role in Airline Risk Management including jet fuel price, foreign currency exchange price, interest rate exposures and counterparty credit risk as well as liquidity management.

The role will also involve Treasury operations including cash management, funds investment, 3rd party payments and Treasury Management Systems.

This role is part of a key function managing Treasury Risk for Aer Lingus. Critical aspects of this role include adherence to our Treasury Policy and up-to-the-minute awareness of financial markets movements and news.

Key Responsibilities & Duties Include:

Collaborating with the Treasury team to develop Risk Management Strategies to address security of funds, liquidity/funding requirements, investment yield optimisation, fuel price volatility, FX rate volatility and interest rate volatility
Monitoring banking markets and events affecting counterparties, FX rates, jet fuel prices and EU-ETS prices
Measuring foreign currency exposures, assessing material flows in major currencies and forecasting long and short exposures
Managing trading derivative contracts in line with Treasury Policy, regular measurement of hedge positions and settlement of derivative contracts
Measuring jet fuel exposures by assessing impact of new routes and change in expected fleet as well as forecasting future fuel burn
Managing jet fuel exposures by trading derivative contracts in line with Treasury Policy, regular measurement of hedge positions on a rolling basis and settlement of derivative contracts
Assessing treasury and hedging products and ideas and associated accounting implications
Monitoring banking and derivative Counterparty Credit Ratings, reporting internally on breaches and proposed corrective actions and ensuring ratings are correctly recorded in the Treasury Management System
Managing Group Cash in line with Treasury Policy to ensure security, liquidity and yield and working with Treasury Front-Office to plan deposit counterparties and rollovers
Monitoring compliance of treasury operations and proposing amendments to Treasury Policy to the Director of ITT
Supporting the Treasury Analyst in periodic reporting 
Preparing aviation maintenance cash flow forecasts and working closely with other departments
Supporting the Treasury Analyst in the preparation of Group cash flow forecasting, reporting to Group Finance and other departments as required
Preparing reports to Board, Executive Team and other Senior Management
Supporting the Senior Treasury Specialist in Aircraft Lease Financing as required
Developing, maintaining and administering relationships with banking and hedging counterparties including the issuance of mandates and agreement of ISDA contracts
Monitoring EMIR and other regulatory requirements and compliance by derivative counterparties
Supporting the Treasury Analyst in the preparation of budgets and forecast of fuel price, FX rates, interest rates and insurance
Managing Treasury policy adherence in Treasury Front-Office and in Treasury Back-Office
Preparing ad hoc reports, analysis and schedules as required by the Director of ITT

To be considered for the role of Treasury Specialist, candidates must meet the following:

Essential Criteria:

Qualified Accountant (and/or ACT qualification) with minimum 2 years Treasury experience OR Banking Practitioner with a minimum 2 years practical Treasury experience
Proven knowledge of Treasury practice, products and financial evaluation techniques
Knowledge of IFRS accounting requirements as they relate to Treasury products
Fluent in English, both written and spoken
Eligible to live and work in the EU
Hold a current unrestricted worldwide passport
Provide 3 verifiable references
Able to pass a strict airport security vetting procedure which includes a 5 year background check* or be in possession of a current airside pass for the airport this position is based in
Possess and be able to demonstrate the key competencies and skills outlined below

*If you are a non Irish Citizen, you will need to be in possession of a current police disclosure certificate from your home country. If you have lived outside the Republic of Ireland for more than 6 months you will also be required to hold a current police disclosure certificate from that country/countries 

Key Competencies / Skills Required: 

Excellent verbal and written communication skills
Strong numerical, analytical and computer skills with the ability to work to tight deadlines
Proven interpersonal skills with the ability to build and maintain positive working relationships
An enthusiastic team member with a flexible attitude combined with the ability to work on own initiative
Strong commercial focus, combined with drive and determination

Closing Date: Friday 13th October 2017


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