Overview
We are currently seeking an Assistant Treasurer to join our Finance team. Based from our offices in Walsall, the role offers flexibility for hybrid working. The role is a fixed term contract for 12 months. Salary up to £46,000 plus benefits. Contract Type: Full Time. Working Pattern: Fixed Term. Hours: 40.0.
Responsibilities
- Reporting to the Treasury Manager, support the management of day-to-day liquidity, payment of both domestic and international transactions, and the settlement of FX transactions.
- Assist with daily and quarterly cashflow forecasts, as well as cash reporting. Support the management of online banking administration rights across multi-banking platforms using a variety of currencies.
- Update the daily cashflow forecast with known actuals and estimated expenditure across multiple bank accounts in varying currencies. Identify and flag liquidity shortfalls over a 5-week period with recommended actions. Manage daily payments across multiple bank accounts (e.g., CHAPS/ TT’s, Faster Payments; SEPA); transfer funds between inter-bank accounts; support selling & swapping of currency where necessary and drawing down FX contracts.
- Assist with weekly cash reporting of actual cash performance, including domestic and import intake, actual sales, and maintaining records of expenditure types for the cash flow forecast.
- Assist with the production of a detailed 13-week cash flow forecast to report actuals versus forecast with variance analysis.
- Assist with the management and updating of online banking administration rights across multi-banking platforms.
- Manage Banking Mandates and updates where necessary. Manage the setup of new bank accounts. Oversee the management of corporate credit cards, ensuring credit limits and issues are dealt with in a timely manner.
- Arrange with banks for timely drawn down of currency from FX contracts.
- Assist the Treasury Manager with FX forecasting requirements across the group, quarterly reporting on MTM reporting, and compliance with IFRS9 to satisfy hedge accounting in the financial statements.
- Liaise with cash team to ensure cash flow forecast actuals reconcile with bank reconciliations (month-end reporting).
- Authorize internal transfers between corporate and cash in transit bank accounts.
Skills And Knowledge
- Previous experience in an Assistant Treasurer or Cash Management accounting role.
- Experience in a fast-paced financial environment is preferred; retail experience advantageous.
- Understanding of different payment types and multi-currency transactions.
- Understanding of foreign exchange hedging instruments and the relationship between currencies.
- Problem solving skills and the ability to drive and deliver changes to improve cash management.
- Ability to work on own initiative and implement solutions in a relatively unstructured environment.
- Excellent organizational skills with the ability to manage multiple priorities.
- Strong communication skills with the ability to work across other business functions and at all levels including the Executive Leadership team.
- Preferably Part-Qualified Accountant (CIMA/ACCA/ACA).
- Knowledge of Oracle Fusion is advantageous but not essential.
Benefits
- Professional development: Induction plan and opportunities for in-house development programmes and apprenticeship qualification.
- Bonus potential: Potential to earn additional bonuses.
- Free on-site parking.
- Onsite coffee lounge.
- Exclusive store discounts and My Staff Shop discounts.
- Family-friendly benefits and life assurance cover.
- Health & wellbeing programme and employee assistance.
- Generous holiday allowance (up to 33 days, with option to buy extra).
- Pension scheme.
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