Treasury Manager- Argos

Sainsbury’s Group; City of Westminster; On-site; GBP 85,000 - 120,000; Full time

Benefits offered by this job

Staff discount

Pensions and life cover

Performance bonus up to 20% of salary

Annual leave with option to buy extra

Private healthcare

Season ticket loans

Cycle to work

Employee Assistance Programme

Maternity/adoption leave up to 26 wks

Job summary

Argos, part of Sainsbury's Group, is seeking a Treasury Manager & Dealer to lead daily cash management, liquidity provisioning, and risk mitigation within Treasury Policy guidelines. You will optimise interest income/expense, oversee hedging strategies, and build relationships with external banking and liquidity fund partners.

You will manage short-to-medium-term cash positions, monitor FX, commodity, and interest-rate risks, and contribute to the Board-approved treasury agenda with strong

Qualifications

• Treasury or accounting qualification and broad knowledge of financial markets.
• Minimum 3 years' experience in a large Treasury function.
• Ability to manage short to medium-term cash positions and market risks.
• Advanced Excel skills with strong numerical analysis.

Responsibilities

• Manage daily cash, cash pooling and cash flow forecasting.
• Train stakeholders on foreign currency exposure management.
• Develop and implement Treasury policies and maintain Treasury systems.
• Monitor financial markets and provide value-driven recommendations.
• Liaise with banking partners; report to Treasury committees and the Board.

Skills

Advanced Excel

Analytical mind

Stakeholder communication

Financial markets knowledge

Treasury experience

Education

ACT/ACA/ACCA/CIMA or equivalent

Job description

Joining Argos as the Treasury Manager & Dealer

Joining Argos as the Treasury Manager & Dealer presents a unique opportunity to play a crucial role in managing the organisation's short to medium-term cash position and mitigating financial market risks. With a focus on optimising interest income, expense, and hedging solutions, this role offers the chance to lead key treasury functions and build strong relationships with external stakeholders. As a valued member of the Finance team, you will have the autonomy to make strategic decisions within Treasury Policy guidelines while contributing to the overall financial health and success of the company. Your primary responsibility will be managing the short to medium-term cash position, monitoring and mitigating financial market risks such as FX, commodity, and interest rate risks in alignment with Board approved policies. You will focus on optimising interest income and expense, implementing cost-effective hedging solutions, and nurturing relationships with external banking and liquidity fund stakeholders.

Cost-effective hedging solutions, and nurturing relationships with external banking and liquidity fund stakeholders.

Your role will encompass daily cash management, cash pooling, and cash flow forecasting, along with training stakeholders on foreign currency exposure management. Additionally, you will develop and implement Treasury policies, maintain Treasury systems, monitor financial markets for value-driven recommendations, and liaise with banking partners. Reporting to various committees and producing Treasury-related notes for statutory accounts will also be key accountabilities within this role.

Who you are

You are a highly skilled professional with a treasury or accounting qualification, possessing a detailed knowledge of financial markets and a minimum of 3 years' experience in a large Treasury function. Your ability to manage short to medium-term cash positions and exposure to financial market risks, such as FX, commodity, and interest rate risk, demonstrates your expertise in optimising interest income, delivering cost-effective hedging solutions, and maintaining strong relationships with external stakeholders. With your advanced Excel skills, analytical mindset, and strong communication abilities, you play a crucial role in developing and implementing Treasury policies, monitoring financial markets, and providing valuable recommendations to senior management, Treasury Committee, and the Board.

Essential Criteria

• Treasury and/or accounting qualification (e.g. ACT, ACA, ACCA, CIMA or equivalent)
• Demonstrable experience working within a Treasury function, including exposure to financial markets and treasury operations
• Detailed knowledge of financial markets and their impact on treasury activities and financial risk management
• Advanced Excel capability, with evidence of applying numerical and analytical skills to financial analysis, modelling or reporting
• Proven ability to build effective working relationships, communicate with stakeholders at varying levels, and influence decision-making

We are committed to being a truly inclusive retailer so you'll be welcomed whoever you are and wherever you work.

Around here, there's always the chance to try something new - whether that's as part of an evolving team or somewhere else across the business - and we take development seriously and promise to support you. We also recognise and celebrate colleagues when they go the extra mile and, where possible, offer flexible working. When you join our team, we'll also offer you an amazing range of benefits. Here are some of them:

Benefits

• Starting off with colleague discount, you'll be able to save 10% on your shopping online and instore at Sainsbury's, Argos, TU and Habitat, and we regularly increase the discount to 15% at points during the year.
• We've also got you covered for your future with our pensions scheme and life cover.
• You'll also be able to share in our success as you may be eligible for a performance-related bonus of up to 20% of salary, depending on how we perform.
• Your wellbeing is important to us too. You'll receive an annual holiday allowance, and you can buy up to an additional week's holiday, and we provide private healthcare.
• We also offer other benefits that will help your money go further such as season ticket loans, interest free car loan of up to £10k, cycle to work scheme, health cash plans, salary advance (where you can access some of your pay before pay day) as well as access to a great range of discounts from hundreds of other retailers.
• And if you ever need it there is also an Employee Assistance Programme.
• Moments that matter are as important to us as they are to you which is why we give up to 26 weeks' pay for maternity or adoption leave and up to 4 weeks' pay for paternity leave.

We'd all like amazing work to do, and real work-life balance. That's waiting for you here at Sainsbury's. For a FTSE business, we move incredibly fast. When we're not leading projects, we're supporting teams across the wider group to achieve their goals. And here, you can see the impact of your work as soon as you walk into a store, giving you a real sense of purpose and responsibility. Better still, the team around you will listen to your ideas and opinions, and you'll have every chance to try something new. The scale and complexity of our business mean there's always something new to learn, and we'll support you every step of the way. We're trusted to get on with it. So get ready to make things happen.