Treasury Manager

Job Profile Summary Description The Treasury Accountant has primary responsibility for the accounting and reporting requirements of the Group’s Treasury activities, including accounting for complex debt and derivatives transactions. The job holder will work closely with both Treasury and wider Finance directorate and will have ownership of the accounting processes for bank and Treasury-related general ledger reconciliations. The role will also assist in the implementation and development of the Group’s new Treasury Management System and will support other key workstreams for the Finance and Treasury teams. The Treasury Accountant will support the wider Treasury team with any ad-hoc requirements. Principal Accountabilities Accounting Responsible for the accounting of complex debt and derivatives transactions, including interest rate, inflation and cross-currency swaps; Conduct high level review of valuation reports provided by external advisors to ensure the timely identification and correction of errors; Ensure compliance with and monitor changes to the relevant accounting standards and regulations in relation to treasury accounting activities; Lead and review month-end processes for treasury, including posting of journals, preparing and analysing the monthly interest report and completing bank reconciliations; Prepare the treasury sections of full and half-year accounts prepared under FRS 102 and support the annual audit process; Monitor intercompany loan balances and engage with stakeholders to ensure that there are no breaches of covenants, licences or policy limits; Assist new entity set up from a Treasury perspective (initiate the setting up of intercompany loan agreements, bank accounts, GL codes). Daily Cash Processes Systems Assist with the administration of the Group’s e-banking platform, Treasury Management System and 360T/ICD dealing platforms; Assist Treasury with related supplier set-ups and purchase orders; Reporting and policies Produce the weekly treasury report; Assist with updating and reviewing the Treasury policy; Support and update the bank and treasury mandates for the Group. Other Provide back-up to Treasury Manager and other members of the Treasury team when required; Drive the implementation of process improvements; Provide support, mentoring and advice to the Treasury Analysts and members of the financial reporting team in relation to any complex Treasury accounting activities they undertake; Maintain intercompany loan documentation; Own and produce periodic FX risk analysis, liaising with wider Treasury and Procurement when appropriate. Monitor and reconcile all Treasury transactions in the Treasury Management System; Support Treasury in preparing and processing payments; Provide ad-hoc support to the treasury operations team with daily cash positioning activities, including coordinating daily funding positions for all Group entities and the dealing of investment instruments. Drive further implementation of the TMS modules and other Treasury systems; Responsible for Treasury processes improvement and automation driven by the TMS; Ensure accounting rules are properly set up in the TMS to facilitate automatic reconciliations. People Management Responsibility (direct / indirect reports) 1/0 Number of people managed in total Matrix Manager (cross-functional/dotted line) Manager of a team Teams Manager (manager of multiple teams) Supervisor Key Relationships Internal (excluding direct team and manager) Finance and tax personnel at all levels Company Secretariat Legal Information Systems/IT External Auditors External treasury accounting specialists Treasury Management System providers Other systems providers Education, Qualifications, Skills and Experience Essential A qualified accountant (ACA, ACCA, ICAS); Working knowledge and experience in Treasury Accounting under UK GAAP (FRS 102) (especially debt and derivatives, including hedge accounting); Experience with cash management; Familiarity with Treasury related disclosure requirements under FRS 102; Working knowledge of Treasury Management Systems; Ability to partner and influence, challenge and negotiate; Ability to communicate fluently in English both written and spoken; High attention to detail and ability to work accurately when under pressure and ability to manage tight deadlines; Proactive outlook and approach; Team player with the ability to act on own initiative when appropriate; Intermediate knowledge of Microsoft Office; AMCT or studying towards Familiarity with developing and implementing TMS Familiarity with dealing platforms Process improvement experience Desirable AMCT or studying towards Familiarity with developing and implementing TMS Familiarity with dealing platforms Process improvement experience