Interim Head of Treasury

Interim Head of Treasury

Contract: 5-6 months - Starting ASAP
Rate: £800 per day Outside IR35
Location: Remote (UK-based)
Sector: Technology
Ownership: Private Equity-backed
Scale: c.£250m annual turnover

Overview

A private equity backed technology business is seeking an experienced Interim Head of Treasury to lead a treasury turnaround. The function is currently under performing, with significant levels of trapped and inefficiently deployed cash, creating concern at ownership and board level.

This is a senior interim mandate focused on stabilisation, transformation, and control, operating in a fast-paced environment with a high degree of ambiguity. The successful candidate will bring credibility with PE stakeholders, quickly assess risks and opportunities, and implement robust treasury frameworks that materially improve liquidity visibility and cash utilisation.

Key Objectives

• Rapidly assess the current treasury landscape, identifying structural weaknesses, cash leakage, and control gaps

• Improve visibility, forecasting, and control of group-wide cash positions

• Release trapped cash across operating entities and geographies

• Reduce liquidity risk and improve confidence at board and investor level

• Design and implement fit-for-purpose treasury policies and governance

Key Responsibilities

• Lead a full review of treasury operations, including cash management, banking structures, funding, FX exposure, and controls

• Develop and implement group treasury policies, including cash management, intercompany funding, FX, and liquidity management

• Establish or enhance cash forecasting and liquidity reporting, suitable for PE-level oversight

• Identify and execute opportunities to unlock trapped or inefficiently held cash

• Act as a senior advisor to the CFO and PE stakeholders on liquidity risk, working capital, and funding strategy

• Rationalise banking relationships and account structures where required

• Embed improved processes and controls that will endure beyond the interim period

• Operate confidently in an environment with incomplete information, driving clarity and action

• Communicate clearly and directly with senior stakeholders, including board and investors

Required Experience

• Proven treasury turnaround or transformation experience, ideally in PE-backed or highly leveraged environments

• Senior-level treasury leadership experience (Head of Treasury / Group Treasurer or equivalent)

• Strong understanding of cash management, liquidity risk, and treasury controls in complex group structures

• Experience operating in fast-growth, technology, or similarly dynamic businesses

• Track record of delivering change in environments with limited structure and high ambiguity

• Comfortable operating as a standalone or lightly supported treasury function

Personal Attributes

• Confident, direct, and credible communicator

• Pragmatic and outcomes-focused, not theoretical

• Comfortable challenging existing practices and driving change at pace

• Calm under pressure and trusted by senior stakeholders