Treasury Analyst

Job title:

Treasury Analyst

Company:

Flutter Entertainment

Job description

Treasury AnalystAbout Flutter Entertainment:Flutter is a NYSE listed global leader in sports betting and gaming with annual revenues of c. $12bn. Its strong and diverse portfolio of market-leading brands and best-in-class products provides its 18 million customers excitement and entertainment in a safe and responsible way. Brands include FanDuel, Paddy Power, Sky Betting & Gaming, Betfair, Tombola, Sportsbet, PokerStars, SISAL, Adjarabet and MaxBet.The group, built on a proven track record and brand leadership, is the largest online betting and gaming operator globally. This highly diversified international business benefits from proven cross-selling capabilities and leading technology platforms that enables it to build a strong core business and accelerate its international growth.Our strategy is to deliver and defend gold medal positions in existing businesses as well as ensuring continued cultivation of an innovative mindset to capitalise on future potential opportunities. Flutter is a responsible global leader placing sustainability at the heart of everything we do with our Positive Impact Plan.Role purpose:Reporting to the Treasury Manager – Risk Management, the role is responsible for the daily operations of Flutter Entertainment Plc’s cash management and deal execution processes, with a focus on continual improvement.The treasury function is making significant progress through a treasury transformation project, which includes the implementation of an in-house bank, enhancing treasury systems and the improving group’s underlying banking infrastructure. The in-house bank will be leveraged to further centralise treasury cash management and operations across the group. This transformation project is part of Flutter Treasury’s journey of continual improvement to be best in class treasury for a Fortune 500 organisation.This role is suited to individuals with strong technical ability, knowledge of corporate treasury instruments, and have demonstrable interpersonal, communication and networking skills. Extensive experience of cash management, the execution and management of treasury instruments in a large multinational corporate or bank is essential.Accountabilities:Cash Management:

• Performs daily cash management for all brands within the structure (PPB, TSG, Tombola, SBG), FX dealing (identify exposures & suggest amounts to buy/sell/hedge), investment of surplus corporate and player funds for the group.
• Assist with the development of daily/weekly cash flow forecasts for PPB and TSG entities.
• Assist with ongoing implementation of In-House-Bank (testing for virtual structure, advising on needs of risk management team with regards to daily cash management capabilities of the structure, internal FX deals)
• Input trades and generate associated trade settlements
• Assist with the development of cash management structures and the daily cash position worksheet
• Liaising with client teams (processors, customer wallets, revenues, investment/withdrawal of customer funds)
• Liaise with AP/tax/brands outside of current cash management structure (FanDuel, Sportsbet, Sisal, Adjarabet, etc.) and other teams to ensure all funding required by each area is in place.

Debt Management & Intercompany Financing:

• Assist with quarterly & discretionary debt servicing & related derivatives / Routing / Settlement / Coordination of legal process
• Proposing RCF drawings to remedy forecasted cash shortfalls and prepare relevant drawing notices.
• Manage the group’s intercompany loans, working closely with the Tax team
• Liaise with intercompany teams in implementation of internal FXs within the structure.

Risk Management:

• Help identify and escalate treasury interest rate, FX, liquidity and counterparty risks and work with the Treasury Manager, Risk Management to mitigate and report
• Assist with management and development of the group’s FX hedging programme including identification of exposures, trade execution and performing programme effectiveness review
• Maintain Bloomberg derivative valuation models

Investment Management:

• Monitor the group’s investments, ensuring maximisation of interest income within treasury policy parameters

Projects & Other

• Stay current with industry best practices.
• Assist with building and nurturing a culture within the treasury function of high energy, enthusiasm, and positive outlook.
• Collaborate with members of the wider Treasury function
• Assist with the introduction of new customer wallet suppliers/processors (payee set-ups + funding requirements)
• Deliver process improvement change by being pro-active and taking the lead on projects.
• Assist Banking & Compliance to identify & clear-down unused bank accounts which are no longer required.
• Monitor and control all items in the Group Treasury mailbox, ensuring all queries are answered.
• Training new team members in daily cash management.
• Any other duties as assigned.

Controls & Governance

• Maintain proper policies, controls, risk assessment and governance processes to ensure regulatory compliance and minimize financial and operational risk, supporting internal and external review and audits as necessary.
• Ongoing documentation of processes (procedure notes).

Reporting

• Conduct the following reports periodically: Bond Compliance, AFS Levelling, Swap/Derivative Valuation, FX Report, Interest Schedule to FanDuel, IBR Calculation, Naris Hedging/Bloomberg Check, Counterparty Limits

Competencies:

• Drives engagement
• Drives results
• Collaborates
• Plans and aligns
• Cultivates innovation
• Manages complexity

Key Requirements/Experience:

• Studying for professional accounting or treasury exams, with at least 3 years of relevant treasury or banking experience.
• Ability to build strong networks and relationships with internal and external parties.
• Excellent verbal and written communication, and ability to convey ideas in both technical and layman’s terms.
• Flexible, enjoying a frequently changing environment with a positive attitude and desire to constantly improve.
• Proactivity and innovation – highly self-motivated and directed.
• Strong time management, organisational and multi-tasking skills.
• High level of attention to detail.
• Prior exposure to the gaming industry, directly or via a bank, extremely advantageous

Join us at Flutter and be part of a world-class company that is constantly pushing boundaries in the gaming and betting industry. We offer a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.
Flutter is an equal opportunity employer. We are committed to crafting a diverse and inclusive work environment for everyone. All qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
At Flutter, we prioritize providing reasonable accommodations for qualified individuals with disabilities and disabled veterans throughout the job application process. If you have a disability and need assistance or an accommodation, please let us know.

Expected salary

Location

Dublin

Job date

Thu, 20 Feb 2025 03:04:01 GMT

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