Assistant Treasury Manager

ORKA FINANCIAL; United Kingdom; On-site; GBP 48,000 - 55,000; Full time

Job summary

A global financial service provider is seeking an Assistant Treasury Manager to join their team in Middlesex. This role is vital in overseeing cash management, forecasting, and intercompany finance. The successful candidate will manage bank relations, monitor FX markets, and support various treasury projects. A competitive salary of £48,000 - £55,000 plus bonuses is offered. Ideal candidates will have experience in treasury management, and strong analytical skills will be required to excel in this position.

Qualifications

• Experience in treasury management, specifically cash management and forecasting.
• Strong analytical skills for managing cash positions and monitoring FX markets.
• Ability to handle intercompany finance transactions and documentation.

Responsibilities

• Reconcile cash pools and create daily cash balance reports.
• Obtain and prepare short and long-term cash forecasts.
• Support banking queries and manage documentation for accounts.
• Confirm intercompany financial positions and manage currency liquidity.
• Monitor FX markets and liaise with FX traders.

Skills

Cash management

Cash forecasting

Banking related queries

Intercompany finance management

Foreign exchange dealing

Job description

Location: Middlesex

Type: Permanent

Salary: £48,000 - £55,000 Per Annum

Orka Financial is working with a large global business to recruit an Assistant Treasury Manager that will sit in a busy, broad role at the center of their European operations. The successful person will become part of a team of 3 with this role looking after all things front office/treasury alongside a Finance Manager looking after all things back office/accounting, both of whom report in to a Senior FM.

Cash Management

• Reconcile four cash pools, create daily cash surplus / shortage balance
• Arrange bank deposit / loan, update Treasury TMS with results

Cash forecast

• Obtain short term forecast from pooling participants, review payment request by subsidiaries
• Create monthly forecast for subsidiaries & prepare six monthly forecast before year end and half year end

Banking

• Support group companies bank queries with main group bank
• Weekly bank and group company online forum to review work in progress
• Organise new documentation for account opening and sweeping on behalf of group companies.

Intercompany finance

• Confirm group companies deposit or borrowing twice per month
• Fix cash position for each currency including cash pooling and external currencies
• Recommend currency swaps to keep all currencies liquid
• Monitor interest rates to fix deposit and loans interest rates
• Prepare deposit and loan confirmations for intercompany finance
• Prepare cash book for intercompany deposit and loans, bank deposits and loans and FX deals
• Update Treasury TMS with results

Netting

• Provide administrative support to group companies - register new users - operational queries
• Prepare cash book for netting transactions and FX deals.

Foreign exchange dealing

• Monitor FX markets and build relationship with FX traders
• Arrange deals with banks using telephone or electronic dealing platform
• Prepare settlement letters and check settlement with banks prior to value date

Project work

• This role will be at the centre of banking and treasury projects

Salary

£48,000 - £55,000 + bonus