Assistant Treasurer – 12 month Fixed Term Contract

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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