Orka Financial is working with a large global business to recruit an Assistant Treasury Manager that will sit in a busy, broad role at the center of their European operations. The successful person will become part of a team of 3 with this role looking after all things front office/treasury alongside a Finance Manager looking after all things back office/accounting, both of whom report in to a Senior FM.
Cash Management
Reconcile four cash pools, create daily cash surplus / shortage balance
Arrange bank deposit / loan, update Treasury TMS with results
Cash forecast
Obtain short term forecast from pooling participants, review payment request by subsidiaries
Create monthly forecast for subsidiaries & prepare six monthly forecast before year end and half year end
Banking
Support group companies bank queries with main group bank
Weekly bank and group company online forum to review work in progress
Organise new documentation for account opening and sweeping on behalf of group companies.
Intercompany finance
Confirm group companies deposit or borrowing twice per month
Fix cash position for each currency including cash pooling and external currencies
Recommend currency swaps to keep all currencies liquid
Monitor interest rates to fix deposit and loans interest rates
Prepare deposit and loan confirmations for intercompany finance
Prepare cash book for intercompany deposit and loans, bank deposits and loans and FX deals
Update Treasury TMS with results
Netting
Provide administrative support to group companies - register new users - operational queries
Prepare cash book for netting transactions and FX deals.
Foreign exchange dealing
Monitor FX markets and build relationship with FX traders
Arrange deals with banks using telephone or electronic dealing platform
Prepare settlement letters and check settlement with banks prior to value date
Project work
This role will be at the centre of banking and treasury projects
Salary
£48,000 - £55,000 + bonus