Tag Group Treasury Manager
Location: Poland Street, London
Why choose Tag?
We are the long-standing, production partner of choice that has helped brands across borders and cultures for over half a century achieve their business goals. With 2,700 experts in 29 countries across the world, we are a global team of collaborators, innovators, and motivators.
We pride ourselves on creating empowering, safe, and supportive environments for all our employees, regardless of race, gender, sexual orientation, ability, or any other defining factor. We embrace difference through diversity of thought, experience, and expertise to maximise potential and bring the greatest benefits for our people and our clients.
We can’t bring big ideas to life without exceptional people. At Tag, we respect individuality and the power of the collective. We want people to be themselves, unafraid to voice ideas, no matter how big they are or who they come from.
In June 2023, Tag was acquired by dentsu Group, Inc, though we remain a distinct brand that is led by, Tag Global CEO, headquartered in London. As dentsu’s acquisition of Tag significantly expands content delivery capabilities, Tag’s expertise to deliver personalized, omnichannel content in real-time and at-scale for clients remains unparalleled across the entire customer journey, unlocking marketing effectiveness and efficiency.
Tag and dentsu bring together our innovation and technology infrastructure to help solve clients’ toughest challenges. United in business acumen, we share similar core values, company culture, and embrace a vision “to be at the forefront of people-centric transformations that shape society.
dentsu was founded over 120 years ago and proudly counts nearly 72,000 employees around the world.
Role:
We are looking for a proactive experienced treasurer, ideally with experience in one of the big marketing networks who is looking for their next role – previous experience in private equity environment would be a useful perspective but not a requirement. This would suit someone wanting a step up from regional treasury management to this Global role. There is a small central Treasury team of 3, incl one project lead for integration, the role will have 2 direct reports, both offshore. The role will work closely with the regional finance teams who manage the local banking transactions on a day to day basis and hence should be happy to influence and lead without direct line management.
The Tag Global finance team is a fabulous group of proactive staff dependent upon a number of offshore india roles. The common goal of process improvement has been heavily supported over the last 18 months by the integration into Dentsu – we are looking for a treasury partner to pick up the last push on integration and drive slick global process. It’s an exciting time for Tag in the industry, as technology drives not only our client delivery but also efficient finance processes.
Job Responsibilities
Current BAU Responsibilities:
* Preparation & review of Monthly & weekly cash flow worksheet for Dentsu and Tag CFO
* Preparation & review of Monthly FX hedges Review of FX position of all entities & Clear down of FX position
* Review Cash Position for all EMEA entities
* Review of all entity actuals in the Adaptive software system
* Review of worldwide cash forecast (FY and 13 Week)in Adaptive & assist entities in improving forecast.
* Weekly Regional cash calls Americas /APAC (Individual entities)
* Maintain Banking relationships with Dentsu Relationship banks and tail of historical closures
* Administrator on several banking relationships
* Review & Payments of Worldwide Intercompany positions. Automated Intercompany Netting scheduled to be implemented in Q2.
* Facilitate clear down of IC Position: Clear and close the legacy inhouse banking structure which was put in place by previous owners with Tag Worldwide Holdings acting as an inhouse bank for the Tag group.
* Maintain & Review IC Loan Positions
* Prepare & Submit Monthly Treasury Pack to Dentsu
* Reparation of Cash from Trapped Entities
* Review & complete all funding requests including inter-tag & Dentsu to tag requests (including all Monthly Funding Requests)
* Review Dentsu Treasury Management daily cash management submission
* Prepare and send monthly cash reporting to Dentsu Treasury management.
* Preparation & run Bi-Weekly Cash Steerco Meetings
* Active engagement with TAG leadership for consolidation on Cash Position
* Liaising with regional teams across TAG to understand & articulate key trends, risks and opportunities in the monthly reporting and forecasting process
* Month end cash reconciliations to balance sheet
* Team Guidance & training
* Ad hoc requests
Project Work:
* Assist entities in transitioning to Dentsu Relationship bank accounts.
* Assist in entities transitioning to Coupa Payments & Reporting (On-going)
* Re-capitalisation of specific entities (TBC)
* Weekly Status calls with Dentsu
System Experience:
* Coupa: required
* WD: required
* Adaptive Insights: Useful to have
As an ethical employer, Tag will never ask job applicants to provide private, sensitive information upfront or make offers of employment contingent on financial requests or responsibilities from any candidate.