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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