Finance Assistant

4 days ago


Oxfordshire, United Kingdom Commercial Services Interim & Executive Search Full time

Our Local Authority client is looking for a Finance Assistant to provide financial, administrative and risk management support to the Treasury Management and Banking Team.

Main Duties:
Financial Monitoring
- To monitor treasury management service provider KPI's and investigate and report exceptions.
- To assist in monitoring the performance of money market funds and short-term liquidity deposit accounts.
- To assist with the compliance and performance monitoring of external service providers and in-house investment activities.
- To assist in monitoring external service provider, supplier and stakeholder risks.
- To assist in monitoring investment and borrowing activities, risks, interest rates and market movements.
- To monitor and analyse financial data to assist with the maintenance and development of cashflow forecasts and development of investment and borrowing strategies.
- To assist in monitoring the treasury management and banking services balance sheet and budget.

Accounting
- Collate and analyse financial and non-financial data, calculate financial ratios and risk indicators as directed, and identify trends to assist in the management of financial risks and provision of financial advice in relation to credit quality of externalstakeholders.
- To reconcile external service provider charges, with contractual agreements, investment valuations and other records, resolve queries with service providers and arrange for payment of invoices.
- To accurately complete benchmarking and statistical returns by agreed deadlines.
- To reconcile cash and investment accounts and investigate and resolve differences with relevant counterparties as required.
- To calculate and process Treasury Management and Banking recharges and respond to queries.
- To prepare and input journal transfers for the treasury management and banking services team.

Money Market Dealing support
- To produce the daily money market dealing responsible officer rotas, ensuring adequate cover for business continuity purposes.
- To produce and update the treasury management and pension fund investments daily dealing diary, ensuring all expected transactions are accurately recorded.
- To regularly check daily dealing records for completeness and evidence of valid verification and authorisation.
- To be responsible for maintaining the list of treasury management approved counterparties, in accordance with the agreed strategy, obtaining the required authorisations and maintaining the record of amendments.
- To maintain records of counterparty standard settlement details and authorised signatories. Regularly refresh and confirm settlement details with counterparties, and ensure changes are promptly and accurately recorded in treasury management and paymentsystems and changes are implemented in accordance with internal control procedures.

Banking
- To assist in providing first line support to banking service users and assist in resolving complex banking queries escalated by the council's financial services partner.
- To assist in monitoring treasury management and corporate banking mailboxes, respond to queries promptly and escalate non-routine issues where appropriate.
- To assist in Investigating unidentified bank transactions and provide appropriate SAP codes to the council's financial services partner, in accordance with agreed service standards.

Record keeping and maintenance
- To document key business processes and procedures, assist with regularly updating procedure manuals, business continuity plans and training documents, records and presentations.
- To maintain records of Treasury Management and Banking external service contracts.
- To assist in updating team intranet pages.

General
- Liaise with external service providers and arrange regular service review meetings.
- To support the preparation of responses to requests under the Freedom of Information Act, as directed.
- To provide support during procurement exercises and management of transitions to new service providers.
- To assist in ad-hoc project work and research in relation to treasury management and banking services.
- To assist in developing, maintaining and testing treasury management and banking services business continuity plans.


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