Senior Manager - Cash Management at Zip Co

FP&A, Contractor, Sydney sydney contract
Posted 22 days ago

We are Zip, a rapidly expanding global fintech headquartered out of Sydney, Australia. We are in a period of hyper growth and expanding rapidly in new markets like the US (Quadpay), UK and New Zealand, with interests in South Africa, Middle East and Europe amongst others.
We're here to simplify how the world pays for what they need by connecting merchants with consumers and offering them fair and seamless payment solutions, everywhere. We’re also the brains behind Pocketbook, which helps almost a million Aussies take control of their money and improve their financial wellbeing.
Our values are at the heart of everything we do. They form our Mamba mentality - how we’re better than yesterday, and are used to create game-changing experiences for our customers and our people.
To help drive this growth we are looking for a Senior Manager, Cash Management. This newly created positions will ensure the day-to-day cash requirements, as well as the mid- and long-term requirements of the global business, are forecast, planned for, and met optimally. This role will oversee all aspects of the Groups cash management, provide reporting and analysis at an Exec and Board level and has the opportunity to build relationships across Zip Globally. 

The role:

  • Modelling
  • Build Cashflow models at an appropriate level of detail to forecast the cash requirements from both a debt and equity perspective for each region/business and the Consolidated Group, based on the Groups budgets and forecasts.
  • Provide “what if” analysis on the material components of the forecast. 
  • Incorporate material timing differences between operation cash reported in the P&L and actual cash payments in the model eg accrued / prepaid 
  • Update models to reflect new product initiatives and changes in business models  as required.
  • Work closely with the Strategy and New Markets teams to ensure all expansion projects, including investments, new locations and acquisitions are built into the cashflow model.
  • Model Maintenance
  • Develop and rollout an internal operating cadence, in conjunction with each region / business to facilitate the timely reporting of both actual and forecast cash requirements in support of the model. 
  • Analyse material variances between actual and forecast, and update model to reflect variances where required. 
  • Debt Funding - Treasury
  • Provide forecast debt funding requirements to the Treasury Team by geography / business line to enable the Treasury Team to ensure funding facilities are in place to meet the requirement in line with the liquidity policies and risk tolerance approved by the Board.
  • Cash Management
  • Plan, and execute on, the movement of cash around the Group to ensure all countries have sufficient cash in line with their forecast cash requirements.
  • Manage the Groups cash around the peak retail trading days (e.g., Cyber Friday, Boxing day) in line with forecasts, to ensure all countries are adequately funded to support increased Merchant payment outflows.
  • Reporting
  • Provide weekly cashflow updates to the Finance leadership team, highlighting, and explaining any material variances between actual and forecast. 
  • Provide monthly Group cashflow forecasts to the Board and Executive Team, for the next 18 months, identifying debt and equity funding requirements to meet the liquidity policies and risk tolerance approved by the Board.
  • Detail risks / opportunities that may impact the 18 month forecast in the report to the Board.
  • Foreign Currency 
  • Manage the Group’s exposure to FX fluctuations, recommend and implement an FX hedging policy.
  • Instigate all material cross currency movements between group companies, for approval.
  • Support local management in managing the FX exposure arising from the payment of international suppliers.
  • To help us level up, you’ll bring:

  • Bachelor’s degree in commerce or business-related discipline.
  • Exceptional modelling skills.
  • Ability to build trust and strong relationships with all key stakeholders.
  • 5+years’ cashflow experience.
  • Experience in managing FX exposures.
  • Proactive self-starter.
  • Proven problem solver with the tenacity to drill into the matter to get the right outcome.
  • Able to identify issues in information presented and an attention to detail to resolve the issue or prove the information correct.
  • Entrepreneurial with a desire to never stop learning and developing.
  • Superior written and verbal communication skills
  • We’re looking for someone who always finds new boundaries to cross - a future Zipster who will obsess over excellence and make constant improvements for our customers. We’ve removed the red tape here to get things done quickly, so if you see a problem, own the solution. You've gotta hustle at Zip!

    If you only meet some of the requirements for this role, that's okay. We value a diverse range of backgrounds and ideas and believe this is fundamental for our future success. So, if you have the curiosity to learn and the willingness to teach what you know, we'd love to hear from you.

    We pride ourselves on creating an inclusive workplace that provides equal opportunities to all persons regardless of their age, cultural background, sexual orientation, gender identity and expression, disability, veteran status, or anything else.

    Benefits @ Zip

    -  Flexible working culture
    -  Share incentive programs
    -  Generous paid parental leave
    -  Birthday and wellness leave
    -  Epic offices with a casual dress code
    -  Fun team with high-growth hustle
    -  Free breakfast and weekly lunches
    -  Heaps of social events

    Join us on our mission to be the first payment choice, everywhere and every day.