Senior Treasury Analyst

Recruiter
Towergate Insurance Limited
Location
London (Central)
Posted
11 Aug 2018
Closes
09 Sep 2018
Job role
Accountant

Principle Objectives and Responsibilities including the following, other objectives may be assigned:

  • Cash flow and liquidity
    • Assisting the Senior Treasury Manager with short term cash flow forecasting
    • Daily liquidity management and funding of bank accounts
    • Reviewing daily and weekly cashflow reporting produced by the Treasury Analysts prior to submission to the Senior Treasury Manager
    • Reviewing the monthly reconciliation between sweep account balances, commission draw down calculations and balance sheet reports.
    • Act as support and cover for the Treasury Analysts for the daily statement downloads and coding of transactions for cash flow
    • Monitoring balances on non-sweep bank accounts and foreign currency accounts, and escalating areas of concern to management
  • Investments
    • Maintenance and monitoring of the Group investments
    • Suggesting and implementing new investments as appropriate
  • Business engagement
    • Engaging with finance and local branches to optimise banking operations
    • Approval of amendments to online banking access for local operational staff
    • Aligning business with the target banking structure including opening and closing bank accounts
  • Counterparty Security
    • Assist the Treasury Risk Manager with the production of the quarterly reviews of banking partners, including counterparty risk, service levels, account # and £ exposures to each bank.
    • Assist the Treasury Risk Manager with the counterparty risk assessments of existing and proposed insurer partners.
  • Banking administration
    • Mandate and internet banking administration
    • Maintenance of operational banking functionality (cheque indemnities, redirection of interest and charges)
    • Maintain the existing Sweep mechanism and assist in the development of improved cash pooling structures, where possible
    • Ensure FCA letters from banks are in place in respect of fiduciary trust accounts
    • Understanding and ensuring FCA regulatory rules as applicable are adhered to at all times
    • Ad hoc manual payments - processing of BAC’s, CHAPS and Faster Payments that fall outside of standardised automated processes, ensuring compliance with Group governance and FCA regulatory rules
  • Compile Treasury statistics as part of the regulatory reporting to the FCA
  • Supporting with Group Treasury and wider Finance projects as required
  • Maintaining documents and filing
  • Ad-hoc analysis and supporting the Treasury Risk Manager, Senior Treasury Manager and Fiduciary Cash Manager as required

Desirable Knowledge

  • Basic accounting knowledge, cash flow and reconciliation experience
  • Banking back office including mandates, internet banking systems and payment methods
  • Seeking or already pursuing an accounting or finance qualification
  • Experience in an insurance or financial services organisation (ie. FCA-regulated environment)

Skills Required

  • Proactive
  • Attention to detail
  • Highly organised
  • Good communicator
  • Able to work to deadlines and under pressure
  • Able to work as part of a team

IT skills

  • Competent in MS Excel basic functionality (ie. SUM/COUNT/IF formulae, graphs, sort/filter)
  • Proficient in MS Word, Powerpoint and Outlook

Please apply online - no agencies

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