Wyndham Hotels & Resorts is now seeking an Intern International Treasury to join our team in London, UK.
The Internship
The Intern International Treasury will be part of the three-person International Treasury team based in London which itself is part of the Global WHR Treasury team. The Intern is responsible for the following daily procedures:
- Responding to the requests of In-House-Bank (IHB) and netting participants
- Preliminary reports for monthly netting cycle
- Intercompany loan administration
- Provision of information for month end accounting purposes
- Maintenance of the Treasury Management system’s participant information
- Daily cash positioning
- Assisting in projects to improve the Treasury infra-structure
- Fielding queries from the WHR international divisions
Responsibilities
1. Daily cash management
Ascertaining account balances and recommending the positioning of funds
2. Global in-house banking
- Conducting cash consolidation operations and the monthly netting cycle with participants and providing information to various accounting teams
- Money market and debt issuance operations
3. Business unit liaison
Assisting colleagues in the business units with general Treasury and banking related queries including administration of various banking systems
4. Clerical duties
Maintenance and update of bank account mandates and general databases
5. Internship Group Project: all Interns will be involved in a business-critical project during their internship
6. Support the employee engagement committee in organising activities/ initiatives under 3 pillars: People, Community and Sustainability
Scope and financial responsibility
- Global business of more than 9,000 affiliates (809,000 rooms) and turnover of circa USD 1.4 billion
- 2 international divisions (EMEA, APAC) and an international sub-division (LATAMC) with circa 2,300 affiliates (264,000 rooms)
Travel requirements
Within London and British Isles
Visiting syndicate banks, and possible new entrants, for relationship purposes and to explore new products they may be able to provide WHR and/or its subsidiaries with, or alternative solutions to existing processes. The vast majority of such trips will be within London and the close surrounding area (10+ trips).
EMEA
Visiting regional offices and participating in projects or EMEA team meetings (1+ trips)
Key competencies
Alongside the professional competencies outlined below, the successful candidate will demonstrate the fundamentals of Wyndham Hotels and Resorts’ Count on Me! Service Culture to be Responsive, Be Respectful and Deliver a Great Experience. This will form the cornerstone of their approach as they carry out all tasks with the Count on Me! Building Blocks in mind;
Compassionate, Engaged, Dependable, Courteous, Engaged, Inclusive, Hospitable, Prepared and Personalised.
- Business Awareness and Acumen: understanding Business Unit needs and aligning these to corporate requirements
- Entrepreneurial Skills: negotiating between beneficiary, receiving and correspondent banks to ascertain where issues have lay in the circumstances of late payment or non-delivery of funds
- Internal and External Relationship Development: working with the Treasury contacts at the BU’s on liquidity management and other issues
Minimum requirements and qualifications
- University Graduate degree (or studying towards) in Finance, Accounting, Economics, Business or related field
- Previous experience within a finance role either as a previous internship or as holiday work experience
- Knowledge of banking software such as Barclays.net, JPM Access and Bank of America CashPro as well as Treasury Management Systems such as Kyriba would be helpful.
- Good knowledge of Microsoft Word, Excel and PowerPoint is required.
- Excellent communication skills (both written and oral), good numeracy skills, good cultural awareness given the global spread of colleagues and counter-parties; knowledge of another European language is desirable.
- Ability to apply learning from degree course to identify risk (re: foreign exchange) and interpret forecasts for liquidity management
Complexity
- The Treasury Department requires coordinated actions on a corporate basis, therefore decisions are taken in consultation with the WHR Treasury team.
- The Intern International Treasury has a limited level of autonomy in the course of their day to day activities working closely with the other team members and will seek input when required.
- There will be the opportunity to participate in projects that may have significant impact (USD 250 million+) on the P+L.
Organisational relationships
The Intern International Treasury will report to the International Treasury Manager.
Compensation and benefits
- £23,000 gross per annum, prorated for the duration of the internship
- 25 days of holidays per annum (accrued basis)
COMPANY OVERVIEW:
Wyndham Hotels & Resorts is the world’s largest hotel franchising company by the number of properties with approximately 9,200 hotels across over 95 countries on six continents. Through our network of approximately 872,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the hospitality industry. Headquartered in Parsippany, N.J. with offices around the world in London, Shanghai, Buenos Aires, Dubai and more, Wyndham employs more than 2,000 corporate team members worldwide who are dedicated to the Company’s mission of making hotel travel possible for all. Supporting thousands of franchisees and a growing global portfolio of 24 hotel brands—think household names like Wyndham, La Quinta, Ramada, Days Inn and Super 8—Wyndham team members are a widespread group of individuals with diverse interests and backgrounds. Our unique Count on Me culture, commitment to flexibility and core values of Integrity, Accountability, Inclusivity, Caring and Fun are just part of what continues to make Wyndham an award-winning best place to work.
Job Location: WHG United Kingdom, 4th Floor, 3 Shortlands, Hammersmith, London W6 8DA
Employment Status: Full-time
Employment Disclaimer
In some locations around the world, Wyndham Hotels & Resorts manages hotel properties on behalf of a third party owner. At many of those properties, the Hotel owner is the actual employer, and Wyndham Hotels & Resorts performs recruiting and hiring functions on behalf of the owner. I understand and agree that, by applying through this site, I may be applying for a position with a company other than Wyndham Hotels & Resorts where Wyndham Hotels & Resorts is serving only as the recruiter and will not be my actual employer.
17 jobs found