At a Glance
- Tasks: Manage cash resources, FX hedging, and banking relationships for Majestic Wine Group.
- Company: Join a leading wine retailer with a dynamic treasury team.
- Benefits: Competitive salary, 33 days holiday, staff discounts, and career development opportunities.
- Other info: Agile working policy with a blend of office and remote work.
- Why this job: Be part of a team that drives financial success and innovation in the wine industry.
- Qualifications: Strong analytical skills and attention to detail in financial data management.
The predicted salary is between 40000 - 50000 £ per year.
Financial Sommeliers: Blending cash management, FX hedging, and banking relationships for a stronger group!
Role Purpose
The Treasury team is a team of four that manage the treasury operations of the Majestic Wine Group and its subsidiaries (principally Majestic Wine Warehouses, Enotria Winecellars & Vagabond Wines). This includes the management of the Group's cash resources, FX hedging and operational banking relationships, reporting.
Job Specifics
- Contract Type: Permanent
- Reports to: Group Treasury Manager
- Location: Watford – Our Head Office is based in Watford, 15‑minute walk from Watford Junction station
We are proud to offer an Agile Working Policy for Head Office colleagues; a blend of office and remote working which will include a number of days working at the Majestic Office each week.
Key Accountabilities And Responsibilities
The Treasury manager and his team undertake all the duties outlined below and as assistant manager tasks will include a number of the following:
- Cash Management
- Monitor and analyse group cash balances on a daily basis
- Management of Group funds ensuring all accounts funded to need & central funds optimised through borrowing minimization and/or interest‑generating investment
- Ensure all cash inflows and outflows are posted and recorded accurately on a weekly basis
- Monthly reconciliation of all Group bank accounts
- Verification & validation of payments ensuring adherence to Group policies
- Execute payments, transfers and banking transactions
- Oversee and reconcile credit card postings and balance sheet on a monthly basis
- Cashflow Reporting And Forecasting
- Group cashflow analysis on weekly basis for the 3 key operating companies and consolidation into the Group view, with regular reports to senior management & monthly board pack submission
- Support Treasury manager on longer term cashflow planning and analysis
- Support external audit activity relating to treasury
- Cover for Group Treasurer
- Banking Relationships & Reporting
- Day to day operational relationship with the Groups banking partners
- Query resolution
- Reporting, Monthly data submission to funding banks and support to audits (Statutory & funding banks)
- FX Hedging
- Draw down of currencies in line with payment schedules
- Working with business units to get a clear forecasts of the Groups future currency requirements
- Maintenance of currency hedges in line with the Groups hedging policy
- Monthly update to senior management
- Setting of Group currency rates on a quarterly basis in line with hedged rate
- Majestic Store Banking Reconciliation
- Reconciliation of the complete banking, credit card receipts & floats within the 200+ store estate
Knowledge & Skills Required
- Analytical Capability: Proven ability to dissect complex financial data, identify underlying trends, and translate analysis into actionable treasury recommendations.
- Diligence & Precision: Exceptional attention to detail with a track record of operational accuracy in a high‑stakes, 'zero‑mistake' financial environment.
- Consistency & Reliability: A dependable professional who thrives on establishing robust routines for daily liquidity management and meeting strict reporting deadlines.
- Excellent interpersonal skills for liaising with store staff and external partners, paired with a team player attitude.
- Familiarity with BACS, manual payments, and multi‑currency environments is highly desirable.
What's In It For You
- A competitive salary & performance related bonus
- Up to 20% Staff Discount
- 33 days holiday, including public and bank holidays and a Holiday Purchase Scheme
- Life Assurance (Worth 3 times your annual salary)
- A contributory Company Pension Plan
- Career development opportunities
- Free parking on site with electric charging points
- Access to Retail Trust which includes Retail Rewards with discounts of up to 30% and other benefits such as free counselling support phone line
- Company maternity, paternity and adoption leave after 26 weeks
- Long service rewards
Assistant Treasury Manager in Watford employer: Majestic Wine
Majestic Wine Group is an exceptional employer, offering a dynamic work environment in Watford that promotes a healthy work-life balance through its Agile Working Policy. Employees benefit from competitive salaries, generous holiday allowances, and numerous career development opportunities, all while being part of a supportive team that values precision and collaboration in managing the group's treasury operations.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Treasury Manager in Watford
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Majestic Wine. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Assistant Treasury Manager in Watford
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Majestic Wine.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Majestic Wine's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Majestic Wine
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Majestic Wine.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Majestic Wine will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Majestic Wine employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
