(JM479) Assistant Treasury Manager

Orka Financial Ltd; United Kingdom; On-site; GBP 48,000 - 55,000; Full time

Job summary

A financial services company in the United Kingdom is seeking an Assistant Treasury Manager to manage cash management, banking support, and foreign exchange dealing. This role involves reconciling cash pools, creating forecasts, and monitoring FX markets. The successful candidate should have experience in treasury functions and strong analytical skills. A competitive salary ranging from £48,000 to £55,000 plus bonus is offered for this dynamic position.

Qualifications

• Experience in cash management and treasury functions.
• Familiarity with foreign exchange markets.
• Strong analytical skills and attention to detail.

Responsibilities

• Reconcile cash pools and manage daily cash surplus/shortage.
• Create monthly forecasts and manage cash position.
• Monitor FX markets and manage foreign exchange dealing.

Skills

Cash management

Banking support

Foreign exchange dealing

Intercompany finance

Job description

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