Deputy Treasurer

Overview of the role

To support the Group Treasurer with managing the cash, debt and liquidity of the Bestway Healthcare group.

This will include and not limited to, compliance for all financing arrangements in place and the effective and efficient processing of all financial transactions (AP, AR, Cash & Treasury) for the Bestway Healthcare business. To support the Financial Controller in any ad hoc projects/tasks and team cover.

The role is hybrid working with 3 days in the office, and 2 days working from home.

Main Responsibilities

• Support the Group Treasurer in managing the liquidity of the business within the thresholds set by the banks/group.
• To create/ maintain the debt reporting for banking purposes, manage the banks on an ongoing basis and ensure covenants are carefully managed.
• Produce the Cash flow budget for the year and ensure that we meet this including working with group, the business and the wider finance team. This will include variance analysis to the annual cashflow budget and weekly/monthly cashflow forecasts.
• Ensures that all cash balances are clean, reconciled and individual stores are not leaking cash. This will entail working alongside our Internal Audit and Shared Services Team.
• Works with the stores and digital pharmacies to ensure payments are always captured in a timely, accurate and complete way and that payment mechanisms are fit for purpose and data is protected.
• To work with Financial Control team to ensure quick and acquired migration of any acquired businesses/branches, of their accounting systems and processes.
• To review all monthly balance sheet reconciliations advising of actions and, ensuring actions are addressed.
• Ensure all internal and external stakeholders are receiving the correct level of transaction processing for all their transactions in accordance with agreed SLA and understand/update requirements as the business develops.
• Ensure that all transactional processing activities are performed in a robust financial control environment that meets our regulatory and accounting standard requirements and the needs of the Well business.
• Improve and develop KPI reporting to suit the changing needs of the business.
• Monitor payment terms & mechanisms for customers and suppliers, maintaining the group working capital position.
• Operate working capital schemes – i.e. PEP scheme (Prescription early payment), invoice discounting facilities.

Key knowledge and skills required for the role:

• Finance/Accounting/Treasury qualification (preferable)
• Knowledge of industry developments in Transaction processing
• Experience of working with large amounts of transactional data
• Strong balance sheet and financial control experience
• Extensive systems experience and a confident user of finance systems
• Has ability to mentor and coach team members to ensure high engagement

Problem solving & change:

• Introduction of process improvements requiring the designing of processes and controls
• Working to tight deadlines
• Business is continually evolving and demands change over processes, controls and systems quickly
• The banking system continually changes as is the best available technology
• Management of the Treasury Analyst and direction / support to be given to BCS Treasury Team

The Ideal Candidate

Well are proud to be a diverse and inclusive employer. If you have any specific requirements, we'll do everything we can to support you. Whether it is to find a pharmacy that is accessible, or if it is a part time position you are looking for, we can help find the role that is right for you. If you need us to make any reasonable adjustments to our recruitment process, we will be happy to accommodate you.

Please be aware that due to the high number of applications we receive it may not be possible for us to provide an outcome to all applicants. If you are not contacted within 28 days of your submission unfortunately you will have been unsuccessful.