Senior Accountant Treasury Management

London Borough Of Tower Hamlets; London; On-site; GBP 40,000 - 50,000; Full time

Job summary

A local authority in the UK is seeking a Senior Accountant in Treasury Management to lead its treasury function. The role includes overseeing investments, managing cashflow forecasts, and ensuring compliance with financial strategies. Ideal candidates will have a CCAB qualification and experience in treasury accounting. The position offers a positive and inclusive working environment with opportunities for career development.

Benefits

Opportunities for skills advancement

Inclusive working environment

Qualifications

• Qualified or studying towards a CCAB qualification.
• Experience in treasury accounting in a large organization.
• Strong awareness of financial markets.

Responsibilities

• Oversee management of investments and cashflow forecasts.
• Execute trades and consult with brokers and advisors.
• Ensure compliance with Treasury Management Strategies.
• Assist with year-end treasury management closedown.

Skills

Communication

Analytical skills

Numerical skills

Team player

Education

CCAB or similar accounting qualification

Job description

Overview

We are excited to be able to offer an excellent opportunity to join a forward looking, dynamic local authority. An opportunity has arisen for a Senior Accountant Treasury Management who will play an important role within the London Borough of Tower Hamlets finance function.

The role will be responsible for leading, managing and developing the treasury management function with emphasis on delivering an efficient, effective and accurate service. The post holder will need to meet the challenges consistent with the policies and targets set by the team.

Responsibilities

• Oversee the Council's management of investments across money markets, lending and borrowing from third parties.
• Manage daily, monthly and annual cashflow forecasts and maintain the Council's counterparty lists.
• Execute trades through the ICD-MMF system, invest with the DMO as needed, consult with brokers, advisors and counterparties, and coordinate CHAPS and FX payments across all departments.
• Ensure required reconciliations and journals for the Treasury function are completed.
• Ensure compliance with Treasury Management Strategies, CIPFA codes of practice, and statutory requirements through the preparation of annual, quarterly and half-yearly outturn reports, as well as submission of external returns (including on DELTA).
• Assist with year-end treasury management closedown and external audits; update Treasury Management Practices and procedure notes.
• Support the wider finance function, particularly in relation to Pensions and the Collection Fund.
• Represent the Treasury Team internally and externally with the Council's stakeholders and maintain strong communication and coordination.

Qualifications and Experience

• Ideally you are qualified or studying towards a CCAB or similar accounting qualification.
• Experience in treasury accounting within a large, complex organisation.
• A strong awareness of financial markets, the banking system, and financial news.

Attributes and Skills

• Great communicator and co-ordinator within internal departments and with external stakeholders.
• Strong numerical and analytical skills for spreadsheets and processing large numbers with excellent accuracy and record keeping.
• Positive work ethic, willingness to develop, learn and grow; regularly attend treasury networks and conferences to maintain knowledge of financial markets.
• Team player with willingness to support the wider team, particularly relating to Pensions and the Collection Fund.

What We Offer

We offer a positive and inclusive working environment with opportunities to advance your skills and experience, and to expand your learning and career development. Join us to help provide a sound financial environment that enables front-line services to make our borough safer, cleaner and fairer for residents, businesses, and visitors.

About Tower Hamlets

Tower Hamlets' vision is that people are aspirational, independent and have equal access to opportunities; we aim to be a borough residents are proud of and love to live in, with a dynamic, outcomes-based council using digital innovation and partnership working to meet changing needs. We seek colleagues who share our Tower values: Together; Open; Willing; Excellent; Respect.

Equality and Diversity

Tower Hamlets has a zero-tolerance approach to discrimination on the basis of race, sex, disability, age, religion or belief, sexual orientation, gender reassignment, marital status, civil partnership status, gender, gender identity, gender expression, pregnancy and maternity. We recognise that people can be disadvantaged by social and economic circumstances and aim to employ a diverse workforce representative of those groups.