Treasury Accountant Woking, Surrey, UK

We are currently seeking to recruit a Treasury Accountant.

About the Role

To prepare the Treasury Reports that support Plan globally, which has revenues of €600 million covering 70 entities (50 programme countries and 20 National Organisations) across the world. Assist the Group Treasurer, Treasury Dealer and Accountant by entering into currency deposits and foreign exchange as necessary (approx 500 pa). To check the payments prepared by team members for remittance to field country offices (approx 100 a month), staff (50 a month approx) and suppliers (approx 40 a month). To analyse the credit worthiness of bank counterparties on a regular basis in accordance with the Investment Policy (currently 9 deposit counterparties plus 2 further foreign exchange counterparties). To manage Plan central treasury Sterling balances (approx GBP 13million), placing on deposit for efficient periods whilst managing liquidity thereby increasing income and ensuring funds are readily available to deliver to Plan Ltd. To manage the Direct to Field remittance scheduling system on behalf of National Organisations and programme countries. Typical Responsibilities - Key End Results of Position Preparation of Treasury Reports Prepare the Plan International Inc cash-flow forecast for the International Board and Management to enhance decision making. Maintain the NO interest allocation schedule so as interest can be distributed to the NOs at year end in accordance with the by-laws. Prepare the variance analysis between actual, cashforecast and budget to minimise the risk of field under or overspend. Maintain NO remittance forecast for management and board reporting to enhance decision making. Prepare the internal treasury reports for monitoring compliance with board policies and to enable efficient risk and money management by the Group Treasurer. Develop Treasury reporting as necessary to reflect ‘best practice’ and to enhance decision making within Plan globally. Maintenance of Direct to Field facility Monitor the National Organisations and programme countries input into the facility, administer the facility as necessary. Provide assistance to the National Organisations and programme countries on the use of the facility. Assist the Group Treasurer andTreasury Dealer and acountantby entering into foreign exchange and other dealing transactions in accordance with board policy on behalf of PI Inc (under the direction of the Group Treasurer) as necessary. Purchase currency in the spot market at competitive prices for delivery to the field countries in accordance with policy and approvals so as Treasury provides an efficient and cost effective currency service to Plan. Enter into hedging transactions on behalf of PI Inc in accordance with board policy and approvals to minimise the risk that PI Inc could not meet the local currency budgets for Plan countries due to adverse exchange rate movements. Products used are Non deliverable forwards and forward foreign exchange. Place cash on deposit, record the transactions on the general ledger in order that Plans financial statements are accurately reflected. Check the payments prepared by other team members for accuracy. Cover the positions of the Treasury Accountant by preparing payments as needed to ensure that funds are delivered to field countries and Plan staff and suppliers efficiently. Deputise for the Treasury Dealer and Accountant as necessary, in particular managing the pooled cash, deposits and foreign exchange. Manage the bank counterparties Identify additional counterparties as necessary, taking into consideration the parameters laid out in the Investment Policy, Monitor the existing counterparties for compliance with the parameters laid out in the investment policy.Prepare the business case for the introduction of any new bank counterpartyand organise the bank appointment documentation and mandates as necessary. Management of GBP cash within Central Treasury (under the direction of the Group Treasurer). Place funds on deposit bearing in mind cash projections and upcoming cash requirements. Ensuring bank accounts do not go overdrawn. Maintain treasury reports on cash sufficiently to be able to identify treasury transactions, project future cash movements, trigger dealing actions on any particular day, monitor counterparty exposure and ensure compliance with board policies. Maintain good dealing relations with the bank counterparties in order that Plan is known as‘Customer of Choice’. To record and report all treasury payment transactions ensuring that the general ledger and associated reports reflect funds transmissions and payments accurately. To ensure compliance with Board policies regarding payments at all times to minimize the financial and reputational risk of Plan. Maintain related procedures so as they are up to date and reflect ‘best practice’. To check the monthly exchange rates prior to issuance to Plan offices globally for accuracy. Prepare bank reconciliations to minimise the risk of the general ledger reflecting inaccuracies. To check bank deal confirmations for deposits, foreign exchange and other instruments as necessary to minimise the risk of fraud or inaccuracy in deal settlement. To maintain the signing, dealing and banking system mandates in accordance with Plan policy and best practice. To check the rota for bank system releasers so as to ensure that there is adequate availability and a fair distribution. Dealing with Problems Apply knowledge of payment protocols and banking systems to resolve issues that may arise regarding late payments or non receipt of funds. Mandated to deal in foreign exchange and deposits for PI Inc central treasury under the direction of the Group Treasurer. Apply knowledge of Sharepoint to resolve issues on behalf of National Organisations and programme countries regarding Direct to Field Facility. Liaise with IH support to fill knowledge gap where relevant. Communications and Working Relationships This position works very closely with Central Treasury’s bank counterparties Resolve payment or dealing problems as necessary (high) Placing funds on deposit, dealing in foreign exchange (high) Work with Plan finance (from Program Countries , National organisations, and International headquarters) to Deliver funds in a timely manner (high) Maintain the Direct to Field Sharepoint facility Provide banking support to National Organisations, Programme Countries, and IH Finance Knowledge, Skills, Behaviours, and Experience Required to Achieve Role’s Objectives: Educated to A Level/Higher Education standard Excellent knowledge & experience of banks and their international payments systems Strong analytical skills and ability to identify and resolve issues and risks Good English written and oral communication skills Ability to collaborate with others to refine and streamlines systems and processes for effectiveness and efficiency Good organisational skills and the ability to work within tight deadlines Strong ability to prioritise workload Willingness to attend bank meetings and seminars Physical Environment and Demands: Typical office environment Working within a team Some international travel may be required Type of Role: Permanent Reports To: Group Treasury Salary: Circa £25000 per annum Closing Date: Tuesday 18th September Applicants must be eligible to work in the UK without restrictions.

Treasury Accountant

Woking, Surrey, UK