UK Treasury Manager

May 22, 2024
City of London, United Kingdom
... Not specified
... Intermediate
Full time
... Office work

 

Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products principally through Rockstar Games, 2K, Private Division, and Zynga. Our products are currently designed for console gaming systems, PC, and Mobile, including smartphones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services. The Company’s common stock is publicly traded on NASDAQ under the symbol TTWO.

While our offices (physical and virtual) are casual and inviting, we are deeply committed to our core tenets of creativity, innovation and efficiency, and individual and team development opportunities. Our industry and business are continually evolving and fast-paced, providing numerous opportunities to learn and hone your skills. We work hard, but we also like to have fun, and believe that we provide a great place to come to work each day to pursue your passions.

The Challenge

Manage the Treasury function for all UK Entities, including controlling foreign exchange risk, investment management, cash flow forecasting, and overall cash management and cash control. Manage and control the reporting element of payroll, including managing all payroll-related bookings, control accounts, and the PSA tax arrangements for all UK entities.

What You’ll Take On

Treasury

  • Manage the UK (and where applicable, European) treasury function liaising with relevant business bank support contacts and US treasury team when needed
  • Participate in various Treasury and Group projects/tasks as and when required
  • Point-person for European bank account operations
  • Leading any account opening and closing initiatives and fulfilling requirements as necessary to completion in a timely fashion

Cash Management

  • Ensure cash management processes are standardized across all entities, seeking to gain efficiencies from standardization and streamlining these process
  • Review, management, and submission of the monthly cash flow forecast for all UK entities; reporting to US treasury team any cash risks
  • Management of group funding between relevant entities to ensure sufficient liquidity for business operations
  • Review international and group intercompany positions on a quarterly basis and prepare settlements
  • Control intercompany loans, including formulation of new loans, maintenance of existing loans and monthly accrued intercompany interest income, and ensuring these are recorded correctly and payments obligations are met
  • Ensure reconciliations for all companies’ cash accounts are completed monthly

Investment Management

  • Assess and action investment opportunities in events of excess liquidity
  • Record all investments classifications and monthly interest income to ensure reconciliations for all companies’ investment accounts are completed monthly
  • Optimize returns with varying investment instruments, e.g., money market funds, time deposits

Foreign Exchange Management

  • Identify and accurately forecast foreign exchange exposure on a monthly rolling basis, taking action to mitigate these through the necessary instruments, e.g., balance sheet hedging program to minimise foreign exchange P&L impact
  • Perform monthly FX P&L impact for relevant entities and analyze material fluctuations
  • Book monthly realized and unrealized gains and losses and report quarterly FX disclosures to US Treasury team
  • Liaise with the relevant finance and legal staff to coordinate working capital transactions
  • Own controls and procedures around all treasury activities, ensuring any risks identified are mitigated

Payroll

  • Act as Finance business partner with payroll and HR, ensuring that all the businesses needs are met
  • Ensure that all Finance requirements are considered and accounted for by HR and payroll
  • Ensure all payroll-related entries are recorded across all companies in an accurate and timely manner and that all entities’ booking processes and timelines are standardized
  • Ensure that all payroll related-control accounts are fully reconciled and accurate
  • Identify areas for efficiency improvements across the payroll process, working with payroll, HR, HRIS, and Business Applications teams
  • Meet internal and external reporting requirements to perform analysis for moth-end close and external audit purposes
  • Complete PSA reporting requirements, ensuring that submissions are completed in an accurate and timely manner, and all related payment requirements are met
  • Maintain and build robust processes surrounding testing of RACM as relates to payroll and PSA
  • Act as finance point-person for any payroll tax related questions or issues

Financial Systems and Bank Portals

  • Work with treasury team in obtaining access to relevant treasury systems to facilitate cash management, investment management, and foreign exposure risk mitigation
  • Evaluate treasury and payroll operational and financial risks for group companies and establish mitigating controls
  • Control and continuous improvement over Blackline financial reporting system as pertains to treasury and payroll tasks and accounts
  • Liaise with department managers and identify opportunities for re-engineering current business processes with the goal of delivering operational efficiencies and improved financial visibility
  • Drive necessary changes in systems for reporting needs
  • Flag systems issues early and follow through to resolution

Compliance, Guidance, and Audit

  • Assist SDOF to ensure compliance with all US GAAP regulations and UK GAAP audit requirements
  • Assist in production of the annual statutory accounts for all entities, liaise with EY external auditors to ensure filing within the necessary deadlines
  • Ensure compliance with company SOX controls requirements
  • Routinely review SOX controls language and requirements and update as necessary to fit with optimized processes and business needs

Management

  • Management of direct report including setting clear business objectives, coaching, and professional development
  • Provision of timely and constructive feedback to direct reports
  • Developing close working relationships within finance and across business functions, taking on additional responsibilities as required

What You Bring

Key Competencies

  • Ability to deliver accurately and within tight deadlines
  • Strong interpersonal skills and good communicator
  • Technically competent in US and UK GAAP reporting
  • Ambitious, proactive, self-starter with ability to grow in this role and take on increased responsibilities for entity Financials and Reporting
  • Commercially aware with an appreciation of key business risks
  • Actively seeks out opportunities to add value

Key Objectives

  • All reporting both internal and external is done in a timely and accurate manner
  • Operate as an effective business partner to the noted functions
  • Recommend and initiate improvements to current processes
  • Ensure timely month-end close processes and accurate reporting of financials within the corporate consolidation tools (HFM)
  • Introduce best practices and standardization within the finance and operations functions for the group
  • Motivate and develop direct reports; and
  • Ensure processes remain SOX compliant.

Qualifications

  • Qualified Treasurer and/or Accountant with at least 5 years’ experience
  • Good ERP systems and BI systems knowledge
  • Flexible knowledge of bank and investment portals

Company Systems & Processes

  • JD Edwards
  • Oracle/HFM
  • Excel
  • Workiva
  • Blackline

Great to Have:

  • Strong preference for certifications, e.g., CTP, CFA, ACCA, etc.

What We Offer You:

  • Great Company Culture. We pride ourselves as being one of the most creative and innovative places to work, creativity, innovation, efficiency, diversity and philanthropy are among the core tenets of our organization and are integral drivers of our continued success.
  • Growth: As a global entertainment company, we pride ourselves on creating environments where employees are encouraged to be themselves, inquisitive, collaborative and to grow within and around the company.
  • Work Hard, Play Hard. Our employees’ bond, blow-off steam, and flex some creative muscles – through corporate boot camp classes, our onsite Gym, company parties, our Office bar, game release events, monthly socials, and team challenges.
  • Benefits. Benefits include, but are not limited to Private healthcare, Private dental, A double matching pension policy where the employer will double match up to a 4% contribution from the employee, Employee stock purchase scheme with a 15% discount, Eye tests and vouchers towards glasses, Cycle to work scheme, Flu vouchers, Annual health, 4X death in service insurance, Income protection (66% salary), Workplace Savings, 26 days holiday, Enhanced Family friendly policies + other great perks and great office facilities!
  • Perks. Fitness reimbursement up to £50 per month, an onsite Gym, an Office bar, employee discount programs, free games & events, stocked pantries and a dog friendly workplace.

 

Take-Two Interactive Software, Inc. (“T2”) is proud to be an equal opportunity employer, which means we are committed to creating and celebrating diverse thoughts, cultures, and backgrounds throughout our organization. Employment at T2 is based on substantive ability, objective qualifications, and work ethic – not an individual’s race, creed, color, religion, sex or gender, gender identity or expression, sexual orientation, national origin or ancestry, alienage or citizenship status, physical or mental disability, pregnancy, age, genetic information, veteran status, marital status, status as a victim of domestic violence or sex offenses, reproductive health decision, or any other characteristics protected by applicable law.

This is a hybrid position from our London offices, with in-office required Monday, Tuesday and Wednesday. 

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