Assistant Treasurer - 12 month Fixed Term Contract

About the role

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.

Reporting to the Treasury Manager, the Assistant Treasurer will support the management of day-to-day liquidity, payment of both domestic and international transactions, and the settlement of FX transactions. The Assistant Treasurer will also assist with daily and quarterly cashflow forecasts, as well as cash reporting. Additionally, the role will support the management online banking administration rights across multi banking platforms using a variety of currencies.

We uphold three core behaviours that guide all our actions: Love Our Customers, Care for Our Colleagues, Protect Our Pounds/Euros.

Why choose us?

• Professional development: A comprehensive induction plan and the opportunity to complete in-house development programmes or pursue qualification through our apprenticeship programme.
• Bonus Potential: Unlock the possibility of earning additional bonuses.
• Free On-Site Parking
• Onsite Coffee Lounge
• Exclusive Store Discounts: 10% discount on most in-store purchases.
• Family-Friendly Benefits
• My Staff Shop: Exclusive discounts portal.
• Life Assurance Cover
• Health & Wellbeing Programme
• Generous Holiday Allowance: Starting with generous leave that increases by one day each year (up to 33 days), plus birthday day off and option to buy additional holiday.
• Pension Scheme: Contributory pension scheme.

Your Impact and Responsibilities

• Updating the daily cashflow forecast to include all 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.
• Assisting with weekly cash reporting of actual cash performance, including reporting on domestic and import intake, actual sales, and maintaining records of expenditure types.
• Assisting with the production of detailed 13 weekly cash flow forecast with variance analysis.
• Assisting with the management and updating of online Banking administration rights across multi banking platforms.
• Managing Banking Mandates and update where necessary.
• Managing the set-up of new bank accounts.
• The management of Corporate credit cards, ensuring credit limits & issues are dealt with in a timely manner.
• Arranging with the banks’ timely drawn down of currency from FX contracts.
• Assisting the Treasury Manger with FX forecasting requirements across the group, quarterly reporting on MTM reporting, and compliance with current IFRS9 to satisfy hedge accounting.
• Liaising closely with cash team to check cash flow forecast actuals agree back to bank reconciliations.
• Authorise internal transfers between corporate and cash in transit bank accounts.

Skills and Knowledge

• Previous experience in an Assistant Treasurer or Cash Management accountancy role.
• Previous experience of working in a fast-paced financial environment – retail industry advantageous.
• Understand different types of payments and multi-currency transactions.
• Understanding of Foreign Exchange hedging instruments and the relationship between currencies.
• Problem solving skills and 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 organisational skills with the ability to manage multiple priorities simultaneously.
• Strong communication skills with the ability to work across other business functions and at all levels.
• Preferably Part-Qualified Accountant (CIMA/ACCA/ACA).
• Knowledge of Oracle Fusion is advantageous but not essential.

We reserve the right to close this vacancy early if we receive a high volume of applications. Please submit your application as early as possible.