Assistant Treasurer

About the opportunity The Assistant Treasurer will oversee the day to day liquidity of the business across all bank accounts, ensuring adequate funds are maintained at all times. It will involve the swapping and selling of foreign currency on a daily basis,plus the regular assessment of the financial risks the business faces, and mitigating those financial risks by placing the appropriate hedges necessary.
What you'll be doing...
Manage Banking Mandates and update where necessary (Add & remove signatories/ setting up payments limits),
Management of Corporate credit cards, management of credit card limits, & resolving credit card issues accordingly,
Manage online Banking administration rights across multi banking platforms (BOS/ ROI/ NI/ RBS/ Spain) which will include: the set-up of online users/ user roles & functions / user account access/ payment limits/ payment permissions.
Make sure users have the appropriate payment solutions liaising with IT/ Banks so that payments can be made on time.
Arrange & setup new banking platforms/ bank accounts when necessary (e.g new banks/ new territories/ new cash in transit accounts).
Put the customer first in everything you do.
Request feedback from customers for continuous improvement.
No direct reports, however this role will require influencing associated departments to ensure timescales and requirements are achieved.
This will require individual to use their initiative & influencing skills with others to create new solutions which produce more robust methods of forecasting payments (such as stock and expense payments) and monies receivable (such as retro monies due fromsuppliers),
Working closely with the Accounts Receivable/ Buying teams/ Other teams where applicable, to identify monies overdue from suppliers/ third parties, and influence and drive through the collection of these overdue monies to maximise cash
Work closely with the Cash in Transit Reconciliations & Payment teams, ensuring payments are made on time for BACS/ SEPA/ Chaps/ International payments across multi banking platforms
Produce detailed 13weekly cashflow forecast for weekly Management meetings,
Produce detailed 26 weekly cashflow forecast for bi weekly reporting to Steinhoff group,
Produce detailed 52 weekly cashflow forecast to identity any future shortfalls in cash,
Oversight of daily Cash management across multiple bank accounts, ensuring adequate funds are maintained in each bank account. This includes the management of: daily payments across multiple bank accounts (e.g. CHAPS/ TT’s, BACS); the transferring of fundsbetween bank accounts; and the selling & swapping of currency where necessary,
Management of weekly Intercompany funding requirements within Pepkor Group (Pep&co, GHM, Dealz Poland, Dealz France), ensuring group companies have adequate funds both daily and going forward
Assessment of supplier payment terms and feeding back to buyers on potential opportunities to improve payment terms and maximise cash
Payment & collection of intercompany interest around the Group, including the forecasting of when future payments are due (includes management recharges),
Arranging with the banks timely drawn down of currency from FX contracts,
Working closely with the Buying teams, produce and analyse financial data to identify any shortfalls/ surpluses in currency hedges,
Place FX hedges in line with FX policy which will include FX outrights/ FX swaps/ FX forward extras.
Prepare allocations of Central Distribution & Head Office costs across the various business divisions in line with transfer pricing policy.
Drive efficiencies and cost savings where appropriate.
Support Head of Tax & Treasury on ad hoc tax requests such as, Master & Local file corporate tax compliance,
Supporting Head of Treasury with FX forecasting requirements across the group, quarterly reporting on MTM reporting, and compliance with current GAAP to satisfy hedge accounting in the financial Statements,
Monthly Reporting of FX hedges in place and any short falls compared to FX requirements.
Ensure compliance with legislation
Adhere to company policy and procedures.
Achieve operational excellence
What you'll need...
Excellent Microsoft Excel skills.
You can communicate effectively with Senior Management via written & verbal methods.
You have strong analytical skills, and ability to make sound judgement.
Self-starter with a flexible approach to working and a willingness to engage a variety of tasks.
People management skills will be advantageous.
Can work independently and as a team.
Influencing skills at all management levels
You are a qualified Accountant who has desire for further study in a professional qualification.
Treasury experiences.
Prior experience of dealing with day to day cash flow reporting
What we can offer...
Competitive salary
Potential to earn bonus
Free on-site car park
Onsite coffee lounge
Discount Card - 10% discount on most purchases in store including PEP&CO
Family Friendly Benefits
Loyal Service Awards
My Staff Shop - exclusive discount portal
Apprenticeships & Career Development
Life Assurance Cover
Health & Wellbeing - employee assistance programme to support you
Holiday Allowance - increasing by one day per year (up to 33 days), and ability to purchase additional holiday
Pension
About us... You have come to the right place if you want to be part of our success story and have a bright future.
It all started in Burton-upon-Trent in 1990 with our first store. We now have over 900 stores and around 18,500 talented colleagues in the UK and the Republic of Ireland, offering each and every one of our seven million wonderful customers every day amazingvalue.
We offer thousands of quality products in-store with over 1,000 well-known brands. The majority are just £1, but as a multi price retailer, customers can enjoy competitively priced products from fresh, frozen and ambient food to health and beauty, gardening,clothing, and so much more.
Retail Week nominated us as Value Discounter of the Year in 2019, reflecting our team’s relentless focus on offering customers simplicity and amazing value.
In 2011 Dealz wa