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Treasury Analyst (Maternity Cover), Aberdeen
Client: FirstGroup
Location: Aberdeen
Job Category: Finance
EU work permit required: Yes
Job Reference: f833f6c53f77
Job Views: 15
Posted: 01.05.2025
Expiry Date: 15.06.2025
Job Description:
About the job
* Monitor short and medium term liquidity of the group through accurate cash flow forecasting, utilisation of borrowing facilities, placing of deposits, and executing foreign exchange trades.
* Provide monthly reports to the treasury committee detailing Group hedge position and making recommendations for further actions. Execute derivative hedging transactions as instructed by the committee.
* Ensure accurate information is recorded in the treasury management system including loans, deposits, and FX trades. Maintain separate spreadsheets documenting derivatives and vehicles finance arrangements.
* Arrange financing for new buses across the Group and refinancing of existing fleet as required and in conjunction with UK Bus.
Your main responsibilities will be:
* Manage short-term liquidity management at a Group level to minimise cost and free cash balance. Make recommendations to Group Treasurer for utilisation of Group borrowing facilities and execution of trades for term deposits and FX. Ensure Group liquidity and headroom requirements are maintained. Review 13-week cash flow prior to submitting to Group Treasurer.
* Support preparation of monthly Hedging Recommendations paper for the Treasury Committee and executing derivative trades as instructed by the committee. Liaise with auditors to provide necessary backup for disclosure purposes.
* Support Year-end and Interim accounting processes in completion of Derivative disclosure notes and debt tables.
* Develop strong relationships with the UK Bus finance team to be informed of upcoming Capex and finance requirements. Co-lead the process of arranging Vehicle finance by utilising group facilities or organising directly with banking partners. Maintain records of all leases and HP for audit purposes.
* Payment of interest and fees as they fall due via online banking systems.
* Maintain the treasury management system and Bloomberg.
* Assist in the preparation of periodic treasury reports, including weekly cash reports and monthly Treasury Reports for the CFO.
* Assist with the issuance and renewal of Letters of Credit.
Other responsibilities:
* Ensure the promotion and execution of Be Safe principles across the team.
* Assist with a planned upgrade of the Treasury Management System and ensure all data within the system is accurate.
* Ensure compliance with Treasury policy, delegated authorities, and procedures.
* Participate in performance appraisal and continued development programs.
Minimum requirements:
* Good communication skills
* Numerate
* Experience with Microsoft Office, especially Excel
* Graduate with a 2:1 degree or part-qualified accountant
Performance measures:
* Managing debt to minimise interest charges
* Maintaining appropriate short-term liquidity levels
* Effective execution of derivative transactions
* Successful arrangement of required vehicle finance
* Timely and accurate reporting
About the location:
* Occasional travel throughout the UK and work away from home as required
The Reward:
FirstGroup's vision is to provide an inclusive environment for all colleagues, ensuring equal opportunity for meaningful employment. We value diversity and maintain a zero-tolerance policy towards prejudice. We support flexible working options and encourage applicants to share any additional needs to ensure a fair process.
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