Role Purpose
The Treasury team is a team of four that manage the treasury operations of the Majestic Wine Group and its subsidiaries (principally Majestic Wine Warehouses, Enotria Winecellars & Vagabond Wines). This includes the management of the Groups cash resources, FX hedging and operational banking relationships, reporting.
Job Specifics:
- Contract Type: Permanent
- Reports to: Group Treasury Manager
- Location: Watford - Our Head Office is based in Watford, our Head Office is 15- minute walk from Watford Junction station*
*We are proud to offer an Agile Working Policy for Head Office colleagues; a blend of office and remote working which will include a number of days working at the Majestic Office each week
Key Accountabilities and Responsibilities
The Treasury manager and his team undertake all the duties outlined below and as assistant manager tasks will include a number of the following:
Cash Management:
- Monitor and analyse group cash balances on a daily basis
- Management of Group funds ensuring all accounts funded to need & central funds optimised through borrowing minimization and/or interest generating investment
- Ensure all cash inflows and outflows are posted and recorded accurately on a weekly basis
- Monthly reconciliation of all Group bank accounts
- Verification & validation of payments ensuring adherence to Group policies
- Execute payments, transfers and banking transactions
- Oversee and reconcile credit card postings and balance sheet on a monthly basis
Cashflow Reporting and Forecasting:
- Group cashflow analysis on weekly basis for the 3 key operating companies and consolidation into the Groups view, with regular reports to senior management & monthly board pack submission
- Support Treasury manager on longer term cashflow planning and analysis
- Support external audit activity relating to treasury
- Cover for Group Treasurer
Banking relationships & reporting:
- Day to day operational relationship with the Groups banking partners
- Query resolution
- Reporting, Monthly data submission to funding banks and support to audits (Statutory & funding banks)
FX hedging:
- Draw down of currencies in line with payment schedules
- Working with business units to get a clear forecasts of the Groups future currency requirements,
- Maintenance of currency hedges in line with the Groups hedging policy
- Monthly update to senior management
- Setting of Group currency rates on a Qtrly basis in line with hedged rate
Majestic Store banking reconciliation:
- Reconciliation of the complete banking, credit card receipts & floats within the 200+store estate
Knowledge & Skills Required
- Analytical Capability: Proven ability to dissect complex financial data, identify underlying trends, and translate analysis into actionable treasury recommendations.
- Diligence & Precision: Exceptional attention to detail with a track record of operational accuracy in a high-stakes, 'zero-mistake' financial environment.
- Consistency & Reliability: A dependable professional who thrives on establishing robust routines for daily liquidity management and meeting strict reporting deadlines.
- Excellent interpersonal skills for liaising with store staff and external partners, paired with a team player attitude.
- Familiarity with BACS, manual payments, and multi-currency environments is highly desirable.
What's in it for you:
- A competitive salary & performance related bonus
- Up to 20% Staff Discount
- 33 days holiday, including public and bank holidays and we also have a Holiday Purchase Scheme
- Life Assurance (Worth 3 times your annual salary)
- A contributory Company Pension Plan
- Career development opportunities
