Senior Manager / Head Of Treasury

Job Title: Head of Treasury

Reporting To: Director of Tax and Treasury

Location: Houston

ABOUT SEADRILL

Seadrill is one of the world's most modern offshore integrated drilling companies. Using world leading technology, we operate globally employing some 4,000 people representing 65 nationalities. Our vision is to Set the Standard in Drilling. It's ambitious and we all play our part in achieving this .

We recognise that our people are key to helping us to achieve our vision so we have fostered a culture that encourages, supports and celebrates diversity of thought. It fuels our innovation and connects us closer to our customers and the communities we operate in.

Help us to keep innovating, improving and maintaining the highest safety records and service delivery. In return we will provide support and development opportunities that help you unlock your full potential.

JOB SUMMARY

• The Head of Treasury is responsible for overseeing and managing the team to deliver all day to day treasure activity. The role will need to ensure that all treasury activity is completed to a high standard, and identify and lead efficiency projects to further improve its operations.

• In addition, the role will be a key stakeholder in Finance and Company wide projects, particularly those relating to Legal Entities, Commercial processes and cash management.

JOB SPECIFIC RESPONSIBILITIES

• Lead a team of four, including two Direct Reports

• Global cash management for 250+ entities across 3 separate groups including management of 600+ bank accounts in 25 countries, including a multi-currency cash pool

• Issuance of bank guarantees and performance bonds

• Short-term cash forecasting and weekly intercompany funding

• $2-3bn of secured debt across syndicate facilities and issued notes

• FX and interest rate risk management and bank counterparty risk

• Debt covenant compliance and monitoring of long-term forecasts

• Lead and/or support as treasury point of contact projects in the finance function and Company wide

• Develop improvements to the use of IT systems, including banking platforms, FIS Integrity and the Treasury Management System, and work with ISIT colleagues and or providers to suggest and implement updates

• Deliver and oversee delivery of internal (management) and external (debt covenant, related party) reporting and ensure aligned with SOX and other relevant compliance requirements

• Responsible for the transition to a new cash management provider including setting up a multi-currency (USD, NOK, and GBP) notional cash pooling structure. This will involve liaising with internal and external project teams and ensuring all requirements are delivered.

• Responsible for overall bank account management including regional banking requirements and capital controls requirements, and intercompany loan management and recording

• Responsible for the day to day management of our Related Parties including debt, cash management and cash forecasting.

• Owner of treasury banking partner relationships, including focus on cash management, debt and risk management

SAFETY AT SEADRILL

Our goal is to ensure that 'nobody gets hurt' whilst performing their job. Everyone at Seadrill has a part to play in meeting our safety commitment.

Through strong leadership and personal responsibility from all employees, we take a systematic approach to identifying, managing and preventing the hazards involved in our day to day operations. Nothing is more important to us than the health, safety and security of our workforce and the communities in which we operate and behaving responsibly towards our shared environment. We are vigilant, disciplined and always looking out for one another. We have developed and embedded a strong safety culture onshore and offshore, fostered by all employees, who each have a personal responsibility and the authority to put an immediate stop to the job if they believe it to be unsafe. Everyone at Seadrill is accountable for helping to build this culture of care.

SEADRILL BEHAVIORAL FRAMEWORK

In Seadrill, setting the standard is not just about what we deliver, but how we deliver it.

We co-created our Behavioural Framework with our employees, where we identified four key competencies that define our culture and help us to live our values. Our behaviours are embedded in the way we work and support and guide us day to day:

• Drive & Ownership

• Change & Forward Thinking

• Communication & Collaboration

• Service Delivery

KNOWLEDGE, SKILLS AND EXPERIENCE

Essential

• Minimum of 7-8 years of international treasury experience in fast paced environment

• In-depth knowledge of financial and accounting regulations, legislation and best practices

• Strong ability to work with financial data and analytics

• Proficient in Advanced Excel and PowerPoint

• Experience leading a team

• Ability to develop good working relationships with internal and external stakeholders at all levels

• Excellent communication skills, both verbal and written

• Strong negotiation and decision-making skills

• Highly organised and able to work independently or collaborate in teams

• Comfortable working with ambiguity and driver of positive change

Desired

• Use of Treasury and reporting systems Experience in a global multi-currency complex business

EDUCATION AND QUALIFICATIONS

Minimum Requirements

• Bachelor's Degree in a relevant discipline

Preferred

• Treasury specific qualifications - AMCT, MCT, CFA or Accounting qualification

JOIN SEADRILL

We value our people and want to retain them. So, we offer a competitive package built around an attractive base salary and a range of benefits tailored to your location.

Join Seadrill. Own the Opportunity.