Treasury Assistant Part Time

Job Details: Treasury Assistant Part Time

Vacancy Name: Treasury Assistant Part Time

Vacancy No: VN345

Employment Type: Part-Time

Business Name: PayPoint Network Ltd

Location: Treasury Assistant Part Time (3 days a week)

A new centralised role replacing the existing treasury committee with a single role covering overall responsibility for the Group’s treasury strategy, policies and procedures including reporting to the executive committee, audit committee and/or Board.

Responsibilities include:

1. Governance/regulation/compliance
2. Support in preparation of annual Board report and oversee treasury policies management and development
3. Ensure governance is in place for the segregation of corporate and non-corporate funds and where required, for non-corporate funds, ensure safeguarding is in place.
4. Prepare covenants certificated where required (banking facilities or defined benefit pensions)
5. Ensures subsidiary funding is adequate, particularly with regulatory capital requirements
6. Maintain and develop relationships with all banks, being the primary operational contact
7. Other finance colleagues to ensure treasury activities and corporate activities are aligned to the group’s strategic objectives.
8. Input into the overall plan process setting ambitious targets as owner of interest income, interest costs, banking fees and related payment processing costs.
9. Review investment options for cash balances balancing return against risk
10. Cost management of bank fees & other treasury related service providers
11. Operational activities include liquidity management across the group (including 13 week cash flow forecasts, drawdowns / settlement of group facilities and the Prepayment trust)
12. Manage, monitor and update bank mandates and delegated authorities.
13. Issue and maintenance of guarantees and Standby Letters of Credit
14. Oversight of appropriate administration of all bank accounts, including opening & closure of accounts, new signers and maintaining related records (mandates)
15. Work with Finance systems team to ensure appropriate management of on-line banking portals including appropriate allocation of user’s entitlements.
16. Approve payments, settlement correction forms and other treasury activities where required.
17. Manage and optimise the internal funding structures of the group entities including documentation of interco loans, cash concentration structures and dividends.
18. Assist in the monthly treasury reporting
19. Completing KYC checks requested by Banks.
20. Ensuring hedging documentation is up to date and appropriate
21. Performing regular reviews of banks and PayPoint groups companies credit ratings
22. Support and own internal and external audit queries and action points

Minimum Requirements:

1. ACT qualified or working towards a treasury qualification.
2. Previous experience of treasury an advantage
3. Able to evidence managing relationships (with banks) an advantage
4. Able to evidence the establishment and maintenance of a strong control environment
5. Able to prioritise competing demands, manage delivery and solve problems in creative and practical ways
6. Excellent communication skills: ability to argue persuasively and influence others
7. Demonstrates integrity, honesty, and reliability

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