Tony Cilia

Practised and qualified treasury manager with over 25 years of multi-industry exposure covering a breadth of geographies and currencies. Experienced in implementing treasury functions from scratch enhancing business growth, development and creating cash investment opportunities to the benefit of the business. I have used Gtreasury (TMS) Clearwater reporting Excel.

Sun Oracle, SAP, GSAM, Stat Pro, as well as executing Manual and diverse types of payments on most banking systems. Have set up Treasury from a start position and have implemented a TMS system as well as dealing with Investments in Bonds, Equity & Cash Funds, Foreign exchange including hedging. Checked weekly to ensure currency matching of assets to cover insurance liabilities in accordance to regulatory requirements and take action to increase or decrease positions set by the company.

Funding

Inter-co and New ventures, Loan facilities, Cash forecasting, Banking setups and relationships and dealing with a Brexit setup in Luxembourg. Have challenged banks and investment managers to improve both investment income and bank charges and commissions as well as changing the working dynamics to the Treasury department and improving processes. Reporting to the Board and chief Executives as well as month end reconciliation, forecasts, and regulatory reporting.

Managing staff and understanding a bottom-up process and taking into account individual requirements and developments and focus on achieving their appraisal goals.

Treasury Manager - PCC GLOBAL PLC

(2023-05)

• Taking on unique entrepreneurial business and bring together as a corporate
• Maintaining and updating processes as well as set out new improved guidelines
• Preparing weekly monthly country cash forecasts for group and set out parameters
• Consolidate group cash forecasts and analysing to budget and explain variances
• Liquidity and exposure Analysis across the countries and group
• Improve banking relationship update mandates across currencies in banking system
• Raise funding and apply bank facilities as well as attending meetings
• Continual ad-hoc duties to improve Treasury and cash management
• Collection of Debts and driving collection targets on a monthly basis with cash pushes at each quarter for bank regulatory reporting
• Revolving Credit facility actioning and administration
• FX dealing future and Invoicing

Treasury Manager (contract) - Glory Global

(2022-09 - 2023-03)

• Taking on HSBC migration project across the globe as a one bank solution
• Maintaining and updating processes as well as set out new improved guidelines
• Preparing weekly monthly country cash forecasts for Japan parents
• Consolidate group cash forecasts and analysing to budget and explain variances
• Liquidity and exposure Analysis across the countries and group
• Improve banking relationship update mandates across currencies in banking system
• Continual ad-hoc duties to improve Treasury and cash management
• Collection of Debts and driving collection targets on a month on month

Treasury Consultant (contract) - Lockton LLP

(2021-09 - 2022-08)

• Taking on an completing scoping of TMS system and advising on requirements
• Maintaining and updating processes as well as set out new improved guidelines
• Preparing weekly monthly draft country cash forecasts and board dash boards for client and operation cash for TMS
• Consolidate group cash forecasts and analysing to budget and explain variances
• Liquidity and exposure Analysis across the countries and group
• Improve banking relationship update mandate s across currencies in banking system
• Continual ad-hoc duties to improve Treasury and cash management

Head of Treasury (contract) - Lebara

(2021-05 - 2021-08)

• Checking the cash position for 6 country branches and 3 companies
• Maintaining daily cash movement between the Head Office and branches via local banks
• Preparing weekly country cash forecasts
• Consolidate group cash forecasts and analysing to budget and explain variances
• Liquidity and exposure Analysis across the countries and group
• Inputting and insuring approval of Manual payment across currencies in banking system
• Raising various Chaps payments and ensuring correct approval
• Uploading of Bulk payments
• Ensuring MT reporting for International payment correctly instructed through 3rd parties
• Understanding International requirements for all payments
• Input settlement of Inter-company payments and loan facilities
• Loan facility setups and Facilities Guarantees
• Analysing variances to the budget and the previous week forecast
• Ensuring that weekly bank reconciliations are completed and authorized
• Issuing cash instructions for repatriating funds for funding of Head office
• Covering FX exposure for payments
• inter-company balances in Japan and Euro branches
• Managing cash collections for reconciling sales receipts against the cash flow
• Uploading and posting of payments to AX accounting system

European Treasury Manager - Aioi Nissay Dowa Insurance Europe Plc

(2010-10 - 2019-12)

• Checking the cash position for 10 country branches and 12 companies
• Maintaining daily cash movement between the Head Office and branches via local banks
• Preparing weekly country cash forecasts including Bond / Equity investment settlements
• Consolidate group cash forecasts
• Insuring adequate capital coverage for Assets & Liabilities on a Monetary as well as a Total
• Liquidity and exposure Analysis
• Investments in Bonds, Equities, MMF and managing fund manager and custodian ensuring adequate funding available for timely settlements
• Implementing a TMS system in the UK and cross Europe
• Inputting and insuring approval of Manual payment across currencies in banking system
• Raising various Chaps payments and ensuring correct approval
• Uploading of Bulk payments and automatic TMS instigated payments
• Ensuring MT reporting for International payment correctly instructed through 3rd parties
• Understanding Internation requirements for all payments
• Input settlement of Inter-company payments and loan facilities
• Loan facility setups and inter-company settlements
• Analysing variances to the budget and the previous week forecast
• Ensuring that weekly bank reconciliations are completed and authorized
• Issuing cash instructions for repatriating funds for re-investment
• Covering FX exposure for assets and liabilities
• Hedging for settlement of bonds and inter-company balances in Japan and Euro branches
• Managing cash collections for reconciling sales receipts against the cash flow
• Tracking bond holdings on a daily basis, including reporting on gains and losses
• Proposing new bond investments or taking gains when an acceptable opportunity arises
• Participating in monthly Group Investment Committee (GIS) meetings, including the preparation of required paperwork (minutes, reports, etc.)
• Setting up relations with banks and managing compliance with company requirements both in the UK and abroad
• Ensuring that business partners, including the parent company, are kept informed of developments
• Suggesting opportunities for cash investment in a multi-currency environment with minimal risk and favourable returns
• Participating in acquisitions and post-merger integrations and ensuring that synergies are achieved
• Maintaining daily journals and checking inputs made by analysts
• Contacting banks with regard to cash placements on the money market, opening and closing bank accounts, as well as payment queries etc.
• Negotiating the best terms for bonds and deposits with banks and brokers
• Negotiating currency funding across branches for bond acquisitions and operational needs
• Reconciling cash flows to actual expenditures
• Staff appraisal review and training
• Preparing for Brexit and setting up a new holding company in Luxembourg
• Setting up a custodian account for bond investments and managing a bond portfolio
• Setting up a reporting system for investment revaluation
• Establishing a Solvency II reporting framework and filing the relevant reports
• Preparing reports for regulators
• Working directly with counterparts in Western and Eastern Europe to arrange cash pooling
• Researching and updating required materials for the firm and partners
• Supporting the COO in running daily business
• Managing a team of several employees; overseeing recruitment, training and professional development initiatives
• Manage accounts payable and Treasury assistant and cover as required or pressured times
• Appraisals and managing staff to ensure goals and objectives are met with required training & encouragement to meet personal work achievements
• Analyzing departmental documents for appropriate distribution and filing, etc