In a relatively short time, Kate Moorcroft, Group Treasurer at Barratt Developments has risen to the top of the treasury profession. In this candid interview, she talks about her career path and how learning to have confidence in her own abilities has enabled her to push forward her career.
Kate Moorcroft started her treasury career at Coventry Building Society in 2002 as a treasury trainee and worked up through the ranks before being promoted to Senior Dealer in 2008. In 2010 she was offered the opportunity to move from a financial organisation to a corporate and joined National Express as a Treasury Manager. During the six years Kate spent at National Express, she was promoted to the role of Assistant Treasurer and then finally Deputy Group Treasurer where she managed a small team and lead various international projects. Kate now holds the position of Group Treasurer at Barratt Developments.
What is the best piece of advice that you have been given in your career so far?
Believe in yourself, trust in your abilities and have confidence that you can do a good job. This wasn’t advice in its traditional sense, but more something that my boss at National Express instilled in me during my time working there.
When I first joined the company, I wasn’t the most self-confident person and would often be unwilling to push myself out of my comfort zone. But thankfully my boss invested in my development and handed me projects that pushed me. This enabled me to prove to myself that I could achieve more than I thought.
One of my biggest learnings has been that it is OK to ask questions and having the confidence to do so. Not knowing everything is OK, it is not a sign of weakness, and asking questions is actually a great way to learn from people and build up your own personal knowledge base.
What advice would you give to women in finance in terms of establishing and developing a career?
Don’t differentiate yourself from men. I believe that in financial roles, women can do just as good a job as men – it is just about believing in yourself.
Linked to this, I also think it is important that women put themselves forward for roles and become more visible in the industry. I understand that this is not always a simple thing to do and quite often women can have a tendency to focus too much on the things they cannot do rather than the great things they can do. But there are lots of women in treasury doing fantastic jobs and I think that should be celebrated rather than hidden away.
Thankfully, I have seen this happening more and more over the last ten years. For instance, when I first started going to treasury events there were very few women and it could be quite intimidating. Today there are a lot more women at conferences, speaking and making their voices heard.
What is your motto in life?
I don’t have a particular motto, but I do believe in living life to its fullest. To do this you need to have a job that you love – and I am lucky to have this. It also requires a well-defined work/life balance to spend time doing what you enjoy outside of work.
What is your next major objective?
Having just assumed the role of Group Treasurer at a FTSE 100 company, I sometimes have to pinch myself that I have come so far in my career. I am therefore just taking each day as it comes, immersing myself in the business, continuing to learn in order to become a better treasurer and leader and proving to myself that I can do a good job as a Group Treasurer.