We are currently seeking as 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.
Reporting to the Treasury Manager, the Assistant Treasurer will support the management of day-to-day liquidity, payment of both domestic and international transactions, and the settlement of FX transactions.
The Assistant Treasurer will also assist with daily and quarterly cashflow forecasts, as well as cash reporting. Additionally, the role will support the management online banking administration rights across multi banking platforms using a variety of currencies.
Your Impact and Responsibilities
- Updating the daily cashflow forecast to include all known actuals and estimated expenditure across multiple bank accounts in varying currencies. To identify and flag liquidity shortfalls over a 5-week period with recommended actions. This will involve supporting Treasury manager in ensuring that adequate funds are maintained in each bank account; management of daily payments across multiple bank accounts (e.g., CHAPS/ TT’s, Faster Payments; SEPA); the transferring of funds between inter-bank accounts; and supporting the selling & swapping of currency where necessary and drawing down FX contracts.
- Assisting with weekly cash reporting of actual cash performance, which will include reporting on domestic and import intake, actual sales, and maintaining records of expenditure types to be fed into the cash flow forecast.
- Assisting with the production of detailed 13 weekly cash flow forecast to report actuals versus forecast with variance analysis.
- Assisting with the management and updating of online Banking administration rights across multi banking platforms.
- Managing Banking Mandates and update where necessary.
- Managing the set-up of new bank accounts.
- The management of Corporate credit cards, ensuring credit limits & issues are dealt with accordingly in a timely manner.
- Arranging with the banks’ timely drawn down of currency from FX contracts.
- Assisting the Treasury Manger with FX forecasting requirements across the group, quarterly reporting on MTM reporting, and compliance with current IFRS9 to satisfy hedge accounting in the financial Statements.
- Liaising closely with cash team to check cash flow forecast actuals agree back to bank reconciliations (month end reporting purposes).
- Authorise internal transfers between corporate and cash in transit bank accounts.
Skills and Knowledge
We are seeking someone with:
- Previous experience in an Assistant Treasurer or Cash Management accountancy role.
- Previous experience of working in a fast-paced financial environment is a must - retail industry would be advantageous
- Understand different types of payments 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
- The ability to work on own initiative and implement solutions in a relatively unstructured environment
- Excellent organisational skills with the ability to manage multiple priorities simultaneously
- Strong communication skiils 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.
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