Finance Manager - Treasury
Elevation Recruitment Group are currently working exclusively with a leading retail business in Leicester as they seek to appoint an experienced and driven Finance Manager to lead the Treasury department. This role will assist the Financial Controller in providing an internal treasury service, liaising with Group Treasury overseas, through the coordination and administration of the Company's treasury function including cash flow forecasting, borrowing, foreign exchange and banking arrangements. Key Accountabilities will include: To review the short and medium term cash flow forecasts using actual receipts and payments and using updated trading forecasts highlighting any risk to the cash flow and cash balances; prepare long term cash flow forecasts alongside Financial Controller To check interest and bank charges for all accounts and provide robust forecasts for the management accounts Manage loan covenant calculations and process, including monitoring the Revolver position To prepare the necessary documentation to enable the purchase of foreign currency (principally USD and EUR) ensuring Group policy is understood and followed. To reconcile point of sales (POS) takings to banking deposits and tender information to sales data, with support from Treasury Analyst. To review and investigate more complex cash discrepancies as logged by Treasury Analyst To reconcile all online tenders to sales information; support Treasury Analyst in store tender reconciliation especially around complex accounts (such as cash). Maintain relationships with cash office staff, supporting them with advice on the treatment of cash movements, relationships with banks and cash collection services. To ensure that all Treasury balance sheet reconciliations are performed on a monthly basis, update the control sheet, and investigate all reconciling items. Highlight key issues/variances to Financial Controller as appropriate and proactively clear reconciling items. To assist Financial Controller with establishing, implementing and maintaining effective treasury policy and processes. To continuously improve finance and control processes to reflect business processes; compile and maintain documentation for all cash and banking processes. To formally communicate to stores and London and Leicester Finance departments advising of changes to processes and procedures. Prepare and distribute the monthly tender cost reports, showing volume/rate/mix variances; provide forecast tender costs to the business. To support the Financial Controller with ad-hoc queries and projects across the wider Financial Operations function. Assist with the interim and year end external audit Provide Finance support for future payments and tender projects Understand and support the delivery of the Strategy and initiatives The role will also have line responsibility for a Treasury Analyst. To be successful you must have the following skills and experience:- Working towards recognised accountancy qualification or newly qualifiied Strong accounting knowledge Good attention to detail Excellent communication/ interpersonal skills PC skills (advanced excel/ word/ powerpoint) Highly organised and efficient and able to manage own workload Flexible and able to work in a changeable, dynamic environment Demonstrates a desire to continuously improve processes and outputs Clear and confident questioning style, potential to influence customers Proactive This is a fantastic opportunity to work for a continually growing and successful retail operation which will offer exciting career prospects and opportunities for the right individual.