Treasury Accountant
Salary £45,000 to £50,000 depending on experience
Permanent
Hybrid / Home and Ashford, Kent
Due to an internal promotion, Saga plc is seeking to appoint a Treasury Accountant to deliver a professional and efficient service across the Saga Finance and Central Professional Services community. Here you will be the main point of contact for all Treasury-related issues and queries. Plus, the key day-to-day point of contact for all Treasury partners such as our banks, auditors and other financial services providers.
At Saga, the Treasury Team’s objective is to look after the financial health of our organisation by mitigating risks, keeping assets safe and returns optimised. The Treasury Accountant’s role is critical to the daily operation and oversight of Treasury and is a central point of contact in a small busy team. You will be exposed to managing the Group’s cash, debt, currency and commodity hedges and investment strategy. You will be working closely with our Operating Board and senior stakeholders as well as our external stakeholders including lenders, lawyers, rating agencies and auditors.
We work in a hybrid way at Saga both at home and in the office. The Investor Relations and Treasury team meet in person once a week in Ashford, Kent. When you do come into the office, it’ll be with a real purpose in mind – to meet with your team, to work together, and of course to socialise and celebrate too!
Package DescriptionEveryday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.
BENEFITS AVAILABLE TO ALL COLLEAGUES:
25 days holiday + bank holidays
Option to purchase additional leave up to 5 extra days
Pension scheme matched up to 10%
Company performance related annual bonus - Up to 5%
Life assurance policy on joining us
Wellbeing programme
Colleague discounts including family discounts on cruises and holidays
Range of reductions and offers from leading retailers, travel groups and entertainment companies
Enhanced maternity and paternity leave
Grandparents leave
Income protection
Access to Saga Academy, our bespoke learning platform
Main ResponsibilitiesWorking as our Treasury Accountant, you’ll report directly to the Director of Investor Relations and Treasury. You will be responsible for the following;
The oversight of Enterprise-wide cash balances each day such that there are no overdrawn balances and that surplus funds are invested in line with policy, ensuring that regulatory capital is ringfenced where required. Additionally, providing regular updates to senior colleagues on the cash position and expected covenant headroom.
Lead the implementation of process improvement and automation of daily processes, particularly cash management, working with the finance transformation team to drive forward change and extracting additional value from existing portals and systems.
Lead change within the broader team, identifying areas for improvement, eliminating complexity, and reducing spreadsheet reliance.
Develop and maintain accurate cash flow forecasts to ensure adequate liquidity, along with forecasting interest income based on current and projected cash balances and market interest rates.
Oversight of foreign exchange settlement on behalf of the Travel businesses in line with Group policy.
Preparation and processing of manual payments, where required, and coordinating improvement of the authorisation process.
Oversight of online banking and portal administration and maintenance of user and contact lists.
Oversight of bank mandates, including the coordination of changes with the Company Secretarial Team and various banks, including maintenance of a master database.
Preparing the agenda for and attending Travel Treasury Committees and supporting the travel business units with identifying requirements and exposures. Deputising for the Director of Investor Relations and Treasury at committee meetings.
Assist with and carry out foreign exchange currency trading, as well as maintaining hedge accounting documentation.
Support with the management of the merchant acquiring relationship, including taking the Treasury lead on project implementation.
Prepare monthly debt drawdowns, compliance certificates and information deliverables to banks, agents, and ratings agencies.
Prepare monthly reporting for the debt facilities and investment portfolio under treasury management, together with month end reconciliations and variance analysis.
Ownership and maintenance of Group Treasury policies.
Support with ad hoc projects as required.
Oversee the management of the Treasury inbox, ensuring appropriate responses in a timely manner.
Serve as a key contact for our banks and other stakeholders, including KYC and audit requests.
Coaching and mentoring of the Treasury Analyst.
Following our Business Code of Conduct and always acting with integrity and due diligence.
The Ideal CandidateYou will have already worked in a Treasury department and be able to demonstrate high levels of accuracy and accountability to perform in this dependable role. You will also demonstrate the following skills and experience;
Strong communication skills are essential, being one of the primary points of contact within a small team and communicating directly with internal and external stakeholders.
Ability to build financial models in a clear, concise, presentable and easily understandable manner.
Accuracy and the ability to self-review is critical.
Excellent Microsoft Excel skills.
Previous successful working history in a Treasury-based role.
Excellent knowledge of banking regulations and payment mechanisms.
Desirable;
Full or Part qualified accountant.
Hold the ACT qualification.
Saga Values: Make it Happen, Do the Right Thing, Customer First, Excellence Every Day,
Our People Make Us Special
About The CompanyOver the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. These include cruises and holidays, insurance, personal finance and the Saga Magazine.
We aim to be the largest and most-trusted brand for older people in the UK. Our focus on delivering exceptional experiences empowers our colleagues to create moments that are simple, personal and special for our customers and for each other. Our values underpin our approach and help guide us to deliver our purpose.
At Saga we’re committed to making sure that colleagues can be their best, be themselves and make a difference – more than anywhere else. We do this by creating a truly inclusive culture, where all colleagues can bring their full and authentic selves to work and, be treated with dignity and respect in an environment that is free from discrimination and harassment.
We actively celebrate our differences and strive to create a culture of belonging that unites different backgrounds, beliefs, abilities and experiences, in an environment where everyone feels valued and able to work together. We know of the enormous benefits of having diverse teams working together and we aim to foster an inclusive culture to enable this.
At Saga, we have a number of Colleague Networks that are a key pillar of our Inclusion Strategy. The Networks create the space for colleagues to connect and share their experiences, providing feedback on ways that we can continue to create an inclusive working environment for all.
Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, colleagues or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.
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