Senior Treasury Assistant

Birmingham (Wythall)

Salary: £29, 576 - £36, 970

Closing date: 31 January 2020 at midnight  

Reference: 3673  

Working pattern: Fixed Term  

Duration: 12 months  

This job is closed and is displayed for reference only. 

Location – Wythall

The Role

The role will be to support an existing team either to be based in Wythall

You will be expected to:

  • Undertake responsibility or performing and/or reviewing the daily activities of Phoenix Life within the Treasury team, with a view to monitoring daily liquidity levels to support payments. In addition, this role will be a point of contact for both external (Banks, OSPs – Outsourced Service Providers) and internal stakeholders for banking, liquidity, payment queries and other ad-hoc requests. Management Information (MI) will also be prepared and reviewed as part of Business As Usual (BAU) and on an ad-hoc basis in line with the business needs and requirements.
  • To motivate, monitor and review the operating activities of the Treasury Assistants, ensuring that immovable, externally implemented deadlines are adhered to in accordance with Group Risk, Controlling Standards and best banking practices.       Providing support to the Assistant Treasury Controller and deputising in their absence.

Key Accountabilities

  • Control the day to day operations, including: funding, payments, authorising of daily payments, journals, reconciliations, mailbox queries, post and assisting the Treasury Assistant in managing conflicting priorities.
  • Proactively manage all input and outputs through Treasury to ensure completeness and adherence to the controls and risk management framework and achievement of all Service Level Agreements (SLA).
  • Manage governance and oversight of assigned outsourcer relationships representing the Treasury team.
  • Deputise for both the Treasury Controller and Assistant Treasury Controller if they are unable to attend their finance relationship meetings.
  • Manage, maintain and take ownership of Bank Mandates, including oversight of external bank contacts, outsourcer requirements, specimen signatures and control process within Treasury. 
  • Provide analysis of the Treasury operations on a monthly basis, being responsible for the production of the Treasury oversight MI folder.
  • Analyse MI received from outsourcers, ensuring the data files are accurately completed, challenging the data integrity and providing necessary feedback.
  • Review Liquidity MI collated by the Treasury Assistant.
  • Monitor daily liquidity levels ensuring each liquidity account is within its limits, flagging accounts which breach and forecasting whether or not to withdraw excess or request additional funds, and escalating funding issues where required.
  • Train, develop and support the Treasury Assistant(s). Ensure that team deliverables are met in accordance with the agreed SLA and Key Performance Indicators (KPI) which are recorded and analysed.
  • Assist with the maintenance of up-to-date procedural documentation for the roles and tasks within department, completing regular reviews to ensure accuracy.
  • Identify and implement process improvements to shorten processing periods and improve the quality of work and controls as part of an on-going review of Treasury operations.
  • Ensure strict adherence to Treasury timetables during the month-end and quarter-end process, ensuring the Treasury Assistant is working to the timetable highlighting and addressing any issues which may arise.
  • Communicate effectively with other business areas, outsourcers and banks to ensure the timely resolution of payment queries, outstanding reconciliation items and to make the process improvements/fixes to eradicate route causes.

 Skills, Knowledge and Experience

  • Strong analytical skills and ability to prepare and present MI to highlight relevant areas of interest.
  • Experience of working within a complex and highly regulated financial services environment.
  • Good organisational and time management skills including the ability to work under pressure to meet often conflicting and immovable banking deadlines.
  • Strong understanding of double entry book keeping.
  • Experience of team leadership and motivating team members.
  • Strong customer service and TCF (Treating Customers Fairly) focus, recognising the importance of delivering work within tight deadlines.
  • Good PC skills (Microsoft Office: Excel, Word and Accounting Ledgers – Oracle General Ledger).
On the 12th November 2019 we announced our intention to partner with TCS to deliver customer servicing, and work with them to create a digitally enabled technology ecosystem.  This is a three year journey, and there is no immediate impact for colleagues.  view press release

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Flexible working at Phoenix is: "A lifestyle that fuses your personal and professional life."

Phoenix believes in a culture of flexibility, depending on the role we may be able to offer working arrangements that suit your needs. In today's world of work / life challenges we recognise getting this right is important to our employees and the success of our business.

Examples of this may include but are not exclusive to the following:

Part Time: You would work less than full-time hours for the business, perhaps by working fewer days or hours per week.
Flexible hours: Still working your contracted hours, you would have flexibility to start and finish within agreed core working times.
Job Share: Where the role allows you would voluntarily share the duties of one full-time position with another colleague, splitting the hours on a pro-rata basis.
Home working: You would undertake some, or all, of your working duties from home or anywhere else other than the standard allocated place of work (including other Phoenix locations).

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