Treasury Assistant in Watford

Who are we? Majestic Wine Group is the UK’s largest end-to-end wines and spirits specialist, operating across retail, on-trade and hospitality through four brands: Majestic Retail, Majestic Commercial, Enotria and Vagabond. Founded in 1980 and backed by Fortress Investment Group, the business has undergone rapid growth through transformation and acquisitions, formally becoming Majestic Wine Group in 2025. With over 200 retail stores, a nationwide on-trade supply network and a growing wine bar estate, Majestic is focused on curating a high-quality, differentiated product range, delivering expert service and expanding its physical and digital footprint across the UK.

Role Purpose: As a vital member of the Treasury team, you will be responsible for supporting the Group’s overall cash management strategy. While this role focuses primarily on the cash reconciliation of retail stores, you will also play a key part in broader team operations, including bank reconciliations, payment management, and various ad-hoc treasury analyses and tasks.

Job Specifics:

• Contract Type: Permanent
• Location: Watford - Our Head Office is based in Watford, our Head Office is a 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:

• Store Reconciliations

• Daily Data Management: Download and analyze daily Till Variance and Petty Cash data to monitor store performance against company guidelines.
• Discrepancy Investigation: Identify and investigate POS discrepancies, missing banking, or late deposits by liaising directly with retail store managers.
• Audit & Adjustments: Process necessary amendments to the Till Variance spreadsheets following thorough investigations.
• Banking Liaison: Act as the primary point of contact for Barclays to resolve banking discrepancies and issues.
• Store Support: Manage the provision of banking facilities and paying-in cards for all retail locations to ensure seamless operations.
• Compliance: Escalate any significant matters of concern or instances of non-compliance with company financial guidelines.

• Manual Payments: Prepare and raise manual payments for authorisation, including individual vendor payments and inter-company transfers.
• BACS Management: Execute BACS runs in accordance with Group Treasury policies.
• Multi-Currency Operations: Support financial transactions across various international currencies.

• Account Balancing: Post and reconcile the Group’s numerous bank accounts.
• Reporting: Ensure all reconciliations are completed accurately and in alignment with the monthly reporting schedule.

• Provide support for departmental projects and administrative treasury tasks as required by the management team.

Knowledge & Skills Required:

• A solid understanding of financial processes and robust internal controls surrounding cash handling.
• A keen eye for detail with the ability to investigate data discrepancies and find root causes.
• Strong organisational skills and the ability to prioritize a heavy workload in a deadline-driven environment.
• 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
• 29 days holiday, including public and bank holidays and we also have a Holiday Purchase Scheme
• Life Assurance (Worth 2 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 including Instant savings with discounted e-vouchers, discounted reloadable shopping cards, gift vouchers and gift cards, Discounts of up to 30%, access to free counselling support phone line
• Company maternity, paternity and adoption leave after 26 weeks
• Long service rewards