Treasury Cash Accountant

Volkswagen Financial Services (UK); Milton Keynes; On-site; GBP 44,418 - 54,289; Full time

Benefits offered by this job

Income protection

Life assurance

Retail discounts

Care Concierge

Cycle to work

Private medical insurance

Loan car scheme

Critical illness cover

Dental cover

Job summary

Volkswagen Financial Services (UK) in Milton Keynes is seeking a Treasury Accountant to manage cash flow, liquidity and treasury risk with rigorous financial controls and compliance.

You will lead daily treasury operations, review funding, perform month-end accounting, and provide clear commentary to stakeholders, with a hybrid working pattern of 60% office time.

Qualifications

• Qualified accountant or UK qualification with treasury experience.
• Experience in cash management, liquidity and treasury controls.
• Strong understanding of regulatory requirements in financial services.

Responsibilities

• Lead daily treasury operations, ensuring timely cash reconciliations and payments.
• Manage short-term liquidity and funding to optimise cash utilisation.
• Review trading activity for policy compliance and risk appetite.
• Partner with treasury, controlling and accounting teams on cash forecasts.
• Own cost of money P&L and funding inputs; maintain accurate inputs.
• Lead month-end treasury accounting with journals and variance analysis.

Skills

Treasury experience

Cash flow management

Treasury controls

Regulatory compliance

Excel proficiency

SAP or similar systems

Team mentoring

Education

Qualified accountant or UK qualification (ACCA/CIMA/ACT/AAT)

Tools

SAP

Job description

SALARY: From £49,354 pa dependent on experience

LOCATION: Milton Keynes

HYBRID WORKING: Our current hybrid working policy requires a minimum of 60% of working time to be based in the Milton Keynes office however flexibility is expected to meet the needs of the business and the role.

HOURS / CONTRACT TYPE: Full time, permanent - Working 35 hours per week

CLOSING DATE: 01/09/26 We reserve the right to close the advert earlier If we receive a high volume of applications.

We’re looking for a Treasury Accountant to manage cash flow, liquidity, and treasury risks while ensuring strong financial controls and compliance.

This analytical, compliance‑focused role will be instrumental in delivering accurate cash reporting, optimising liquidity, and supporting sound financial decision‑making.

What you’ll be doing:

• Lead daily treasury operations, ensuring timely cash reconciliations, payments and transaction monitoring.
• Manage the organisation’s short‑term liquidity position, optimising internal and external funding and maximising efficient cash utilisation.
• Review and approve daily trading activity, ensuring compliance with policies, risk appetite and regulatory requirements.
• Partner with Treasury, Controlling and Accounting teams to validate and challenge cash flow forecasts.
• Own the integrity of the “cost of money” P&L, maintaining accurate and up‑to‑date funding and interest inputs.
• Lead month‑end treasury accounting and reporting, delivering journals, accruals, variance analysis and clear commentary to stakeholders.
• Drive balance sheet integrity through preparation and review of reconciliations, ensuring issues are identified and resolved promptly.

What you’ll bring:

You’ll be a qualified accountant with strong treasury experience and a track record of operating in a controlled, fast‑paced environment.

You’ll have a delivery mindset, with a focus on accuracy, continuous improvement and driving effective financial and liquidity management.

Essential Experience & Skills:

• Qualified accountant or working towards a UK qualification (e.g. ACCA, CIMA, ACT or AAT).
• Experience within treasury or finance, ideally in financial services or banking.
• Strong understanding of cash management, treasury controls, and balance sheet reconciliations.
• Proficient in Microsoft Office, particularly Excel, with working knowledge of SAP or similar systems.
• Strong interpersonal skills, with the ability to support junior colleagues and work collaboratively.
• Analytical, detail‑oriented, and confident in problem solving.
• Solid knowledge of treasury operations, including cash management and bank file processing.

What’s in it for you?

Bonus:

Discretionary 10% on-target bonus (based on personal and Group company performance)

Pension:

Employer pension contribution of 9% (based on employee contribution of 3%). VWFS will pay 6% if employee chooses a 2% employee contribution.

Car schemes*:

Choice of Employee Car Ownership (ECO) scheme for petrol/diesel and hybrid vehicles plus car insurance

OR Company Car scheme for Battery Electric Vehicles (BEVs) plus car insurance cover for you and a partner/eligible family member.

Other benefits:

From day 1 we provide income protection, life assurance (4x salary), retail discount vouchers, access to Care Concierge (a service to support carers of adults), along with other salary sacrifice options including a will writing service and cycle to work (subject to scheme restrictions).

Following successful completion of probation, you will have access to private medical insurance for you (with the option to buy additional family cover), access to our loan car scheme for up to 2 cars for your partner or eligible family members (subject to scheme restrictions) and during our annual benefit window you can purchase critical illness cover and dental cover, so you can select the benefits that matter to you.

We invest in our people and are passionate about driving development. You’ll have access to LinkedIn Learning via our Degreed platform as well as a host of professional development programmes and opportunities to build your technical and soft skills so you can further develop your career. We also offer mentoring schemes and reciprocal partnerships recognising that we can all learn from each other in the flow of work.

Why join VWFS UK?

You’ll have the opportunity to make a difference by helping us to achieve our mission.

Our mission is straight forward; we want to be 'The Key to Mobility'. That means we make getting from A-to-B as easy and simple for as many people as possible. To truly meet the mobility needs of people in a changing world, our offering goes beyond traditional vehicle financing. We do this by providing a range of finance and aftersales products on Volkswagen Group vehicles, as well as developing innovative mobility products designed to solve real problems and support our customers.

No candidate will meet every single desired qualification. If your experience looks a little different from what we've identified and you think you can bring value to the role, we'd love to learn more about you!

VWFS is proud to be an inclusive employer and encourages applications from a diverse range of candidates. Diversity, Equity & Inclusion isn’t just a statement for us, we encourage and aspire for all our colleagues to be their 100% self. If you need any reasonable adjustments to assist you with the application and/or recruitment processes, please contact our Resourcing Team.

This role does not meet the UKVI’s criteria for the skilled worker sponsorship route, therefore we are unable to accept candidates requiring sponsorship for this role.