About us Flutter is a FTSE 20 and NYSE listed global leader in sports betting and gaming with annual revenues of c. £8bn. 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 role Flutter Treasury is making significant progress through a treasury transformation project, which includes the implementation of an in-house bank, enhancing treasury systems and improving the group's underlying banking infrastructure. The in-house bank is based on a liquidity structure with virtual accounts and treasury will leverage this 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 FTSE 20 / Fortune 500 organisation.
Reporting to the Deputy Group Treasurer, the role will have responsibility for daily cash management and dealing operations for several of Flutter's business units, with a focus on continual improvement. The role will have involvement in treasury debt & risk management activities, including FX risk, Interest rate risk and Counterparty risk and will help ensure that the group is achieving the best possible returns on its investments in line with treasury policy guidelines.
This role is suited to individuals with strong knowledge of cash management and risk management best practices and demonstrable knowledge of corporate treasury instruments. Excellent interpersonal, communication and networking skills are a pre-requisite.
Key responsibilities Cash & Debt Management Perform daily cash management, FX dealing, investment of surplus corporate and player funds for a number of Flutter's business units to ensure that the group operates with sufficient daily liquidity, including proposing and executing RCF drawings to remedy cash shortfalls.Input trades and generate associated trade settlements.Providing cover for cash management activities for other business units as required.Contribute to the design and operation of cash management structures.Prepare and issue drawdown notices for RCF, Swingline, and Intercompany Loans.Management of debt-related activities on the Treasury Management System (TMS), ensuring timely debt servicing alongside the treasury controllership team. Risk Management Monitor and set counterparty limits, ensuring compliance with risk management policies.Facilitate the setup and maintenance of (ISDA) agreements.Perform reviews of monthly bond investment portfolio valuations.Manage risk management fees associated with treasury activities.Conduct daily spot checks of Profit and Loss reports to identify and address discrepancies (with Treasury Operations team).Produce and develop risk management reporting. Staff Management & Projects Lead and develop one direct report, contributing to a high-performance culture across the team.Ad hoc project work as necessary. Experience Professional accounting or treasury qualifications, with at least 5 years of relevant treasury 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.Advanced Treasury Systems & MS Office skills.Previous exposure to the gaming industry extremely advantageous.
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