Group Treasury Manager
- Recruiter
- Switch Mobility
- Location
- North Yorkshire, UK
- Salary
- £50000 - £55000/annum plus bens
- Posted
- 23 Jul 2021
- Closes
- 28 Jul 2021
- Ref
- 2312242591
- Job role
- Treasury
- Sector
- Accounting - Public practice
- Experience level
- Manager
We're looking for a Group Treasury Manager to lead the function and support the Group across its numerous divisions. As a Group Treasury Manager to lead the function and support the Group across its numerous divisions.
* Responsible for monitoring Group's daily cash position and the reporting of Group's cash receipts on daily basis to Executive Leadership team and Business Units
* Responsible for production of weekly short term cash flow report for Executive Leadership and Board, following weekly review with all BUs
* Simplification and automation of existing time consuming cash processes to eliminate inefficiencies and duplication
* Be proactive when cash balances are lower than target by alerting business partners to remediate in order to return to forecast
* Approval oversight of payment runs to ensure payments in line with short term cash flow forecast before releasing for payment
* Production of monthly and YTD direct cash flow for inclusion in monthly results pack for the Board, together with variance analysis to budget/forecast
* Authorising both BACS and manual payments
* Maintenance of Daily Liquidity schedule and arrangement of necessary transfers to ensure all accounts remain in credit
* Maintenance of Bank Mandates and signing authorities
* Act as relationship contact with all banks and current and future funding partners and in event, change in transactional banking partner, oversight and implementation of new account structure and move of banking
* Ensure compliance with shareholder loan covenants and involvement in renewal of Group's funding facilities and/or new funding opportunities
* Understanding of cash cycles and cash flows across the business to optimise cash position and minimise interest charges
* Oversight of the financial transactions to ensure in accordance with accepted accounting practices and compliant with SRA rules
* Ensure proper records are kept and that effective financial procedures are in place with regards to bank reconciliations
* Liaise with auditors on bank related correspondence
* Ad hoc analysis and oversight of cash and banking related items e.g. bank charges
* Exceptional/one-off tasks where analysis of large datasets and a commercial mindset is required
About You:
* ACT/ACA/ACCA/CIMA qualified with experience in professional or financial services.
* 5+ years' experience in a fast-paced and changing environment
* Extensive experience in cash reporting and cash management
* Previous experience in changing transactional banking partner desirable but not essential
* Proactive and inquisitive mindset
* Excellent analytical and data manipulation skills
* Confident communicator across a variety of levels in the business
* Responsible for monitoring Group's daily cash position and the reporting of Group's cash receipts on daily basis to Executive Leadership team and Business Units
* Responsible for production of weekly short term cash flow report for Executive Leadership and Board, following weekly review with all BUs
* Simplification and automation of existing time consuming cash processes to eliminate inefficiencies and duplication
* Be proactive when cash balances are lower than target by alerting business partners to remediate in order to return to forecast
* Approval oversight of payment runs to ensure payments in line with short term cash flow forecast before releasing for payment
* Production of monthly and YTD direct cash flow for inclusion in monthly results pack for the Board, together with variance analysis to budget/forecast
* Authorising both BACS and manual payments
* Maintenance of Daily Liquidity schedule and arrangement of necessary transfers to ensure all accounts remain in credit
* Maintenance of Bank Mandates and signing authorities
* Act as relationship contact with all banks and current and future funding partners and in event, change in transactional banking partner, oversight and implementation of new account structure and move of banking
* Ensure compliance with shareholder loan covenants and involvement in renewal of Group's funding facilities and/or new funding opportunities
* Understanding of cash cycles and cash flows across the business to optimise cash position and minimise interest charges
* Oversight of the financial transactions to ensure in accordance with accepted accounting practices and compliant with SRA rules
* Ensure proper records are kept and that effective financial procedures are in place with regards to bank reconciliations
* Liaise with auditors on bank related correspondence
* Ad hoc analysis and oversight of cash and banking related items e.g. bank charges
* Exceptional/one-off tasks where analysis of large datasets and a commercial mindset is required
About You:
* ACT/ACA/ACCA/CIMA qualified with experience in professional or financial services.
* 5+ years' experience in a fast-paced and changing environment
* Extensive experience in cash reporting and cash management
* Previous experience in changing transactional banking partner desirable but not essential
* Proactive and inquisitive mindset
* Excellent analytical and data manipulation skills
* Confident communicator across a variety of levels in the business
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