We are Two Circles. We are a Sports & Entertainment Marketing business. We grow audiences and revenues. We do that by knowing fans best.

We work with clients to help them understand and influence what their fans are doing – the way fans spend their money, the events they attend, the channels they respond to and the content they watch. We use that understanding to help our clients grow: growing both their audiences and their revenues, across direct-to-consumer and business-to-business streams.

Our platforms and services are trusted by over 900 clients globally, including the English Premier League, UEFA, the NFL, Red Bull, VISA, Nike and Amazon. We are almost 1,000 people, based across 14 offices, delivering work for sports and entertainment businesses of all shapes and sizes around the world.

We are hiring a Group Treasury Lead to own treasury across the Group, with primary accountability for liquidity, cash generation, leverage discipline, and funding resilience. The role supports growth, acquisitions, and exit readiness through strong cash control, effective risk management, and clear insight to management, lenders, and shareholders.

Core Responsibilities

Liquidity & Cash Control:

• Ownership of short- and medium-term liquidity management
• Delivery of robust rolling cash forecasts, downside scenarios, and stress testing
• Clear visibility of funding runway and cash headroom, with proactive risk management

Net Working Capital Optimisation:

• Ownership of Group net working capital (NWC) visibility and performance
• Partnership with FP&A, Commercial, and Operations to drive sustainable cash improvement
• Ensure receivables, payables, and cash conversion are accurately reflected in forecasting

Debt, Leverage & Funding:

• Operational leadership of the Group’s debt and funding structure
• Active management of leverage, interest cost, and funding utilisation versus plan
• Central role in refinancings, amendments, and new funding events

Financial Risk Management:

• Ownership of FX and interest rate risk management in line with Treasury Policy
• Execution and governance of hedging activities to protect P&L and ensure compliance

Governance & Controls:

• Maintain strong treasury controls, policies, and audit-ready processes
• Oversight of bank structures, mandates, authorities, and counterparty compliance
• Ensure treasury reporting and processes are fit for diligence

Skills & Experience

• Strong ownership of cash flow and liquidity, including 13-week forecasting and scenario planning
• Proven experience managing debt facilities, covenants, and lender relationships
• Track record of driving working capital improvement across receivables, payables, and cash conversion
• Experience in a PE-backed or high-growth environment, with focus on cash discipline and leverage
• Ability to deliver clear, decision-ready insight to senior stakeholders (CFO, lenders, board)
• Hands-on approach to treasury operations, controls, and governance
• Working knowledge of FX and interest rate risk management and hedging principles