Senior Treasury Accountant

Job Introduction

Reporting directly to the Financial Controller, the Senior Treasury Accountant will have full responsibility for the day to day review and reconciliation of all transactions flowing through the company’s bank and tender control accounts, along with ensuring the accurate reporting of all tender costs and cash discrepancies in the monthly management accounts.

The Senior Treasury Accountant will support the Financial Controller in the completion of all short and long-term cash forecasts, foreign exchange and banking arrangements, and will be the key contact within the business for all treasury-related queries.

A bit about the role

The Leicester Finance team structure contains 4 key areas of responsibility, namely Financial Accounting, Treasury, Payroll & HR Admin and Accounts Processing, all reporting to the Financial Controller.                                                                           

Sitting within the Treasury Team and reporting directly to the Financial Controller, the Senior Treasury Accountant will have full responsibility for the day to day review, reconciliation and accurate reporting of all transactions flowing through the company’s bank and tender control accounts, along with ensuring the accurate reporting of all tender costs and related balances in the monthly management accounts.

The Senior Treasury Accountant will support the Financial Controller in the completion of all short and long-term cash forecasts, foreign exchange and banking arrangements, and will be the key contact within the business for all treasury-related queries.  The role will support the business with any ad-hoc Treasury projects including the implementation of any new tender types.

Communicating with third parties is important to this role; the jobholder will therefore need good inter-personal skills and the ability to represent Selfridges externally.

This role has direct line responsibility for a Treasury Analyst.

This role, sitting in the Treasury area, will be responsible for maintaining accurate accounting records for all Treasury activity including bank and tender reconciliations for all accounts and reconciliation of all stores’ tender transactions in the nominal ledger.

The role also involves assistance in the preparation of robust, short- and medium-term cash-flow forecasts. As the business continues to grow, this role will be involved in providing support alongside the Financial Controller in the implementation of new payment methods and tender types – both in-store and online.

Communicating with third parties is important to this role; the jobholder will therefore need good inter-personal skills and the ability to represent Selfridges externally.

This role has direct line responsibility for a Treasury Analyst.

Key Responsibilities

• Full responsibility for the day-to-day review and reconciliation of all transactions flowing through  the company’s bank and tender control accounts
• With the assistance of the Treasury Analyst, responsible for ensuring all bank and treasury control reconciliations are completed accurately and timely and reconciling items are reported to the Financial Controller, and proactively investigated and resolved
• Responsible for reconciling all online tender to sales information, with the assistance of the Treasury Analyst
• Working closely with the Management Accounts team in London, responsible for ensuring the accurate reporting of all tender costs and cash discrepancies in the monthly management accounts
• Prepare and distribute the monthly tender cost reports, showing volume/rate/mix variances; provide forecast tender costs to the business.
• Be the key point of contact for any tender or sales-related queries from both internal and external customers including cash office staff, banks, cash collections services and credit card providers
• Proactively identify and report to Financial Controller any issues/problems to ensure smooth running of the department
• To support the Financial Controller with ad-hoc queries and projects across the wider Leicester Financial Operations function

Internal Treasury

• Preparation and/or review of short, medium-term cash flow forecasts
• Assisting the Financial Controller in preparation of long-term cash-flow forecasts
• Owning the reporting of interest and bank charges for all accounts and providing robust forecasts for the management accounts
• Preparation of the necessary documentation to enable the purchase of foreign currency (principally USD and EUR), ensuring Group policy is understood and followed
• Review of monthly FX reports prepared by the Treasury Analyst and completion of monthly reports for Group Treasury in Canada

General Responsibilities

• Direct Line Management of the Treasury Analyst, including training, support and performance appraisals
• Assistance with the interim and year-end audits, along with any internal audit reviews
• To continuously improve finance and control processes to reflect business processes; compile and maintain documentation for all cash and banking processes.
• To represent the finance community in line with the Selfridges values and embed into the teams ways of working
• Provide Finance support for future payments and tender projects
• To contribute towards the creation and delivery of the Finance People Plan

A bit about you

Key Skills and Experience

• Qualified accountant (ACA, ACCA, CIMA)
• Strong accounting knowledge, with proven experience of reconciling complex accounts and transactions
• Excellent attention to detail with the ability to unravel complex accounting queries
• Proven experience of cash-flow reporting and forecasting
• Strong MS Excel skills with confident use of complex spreadsheets
• Excellent communication/interpersonal skills
• Highly organized with ability to manage workload of the Treasury team with the ability to prioritise and work to tight deadlines
• Line management/supervisory experience preferred
• Flexible and able to work in a changeable, dynamic environment
• Proactive self-starter with a drive to continually improve processes and outputs and build a first class Treasury function

A bit about us

We are a shop run on imagination: a place where the world’s most covetable brands combine with the most extraordinary spectacles, events and ideas for an experience like no other.

We have challenged the rules of retail from day one, whilst demonstrating our unwavering commitment to sustainability.  In 2016, we were the first to be awarded with recognition for the ‘World’s Best Sustainability Campaign by a Department Store’ at the IGDS Global Department Store Summit, in-line with its focus on buying better and inspiring change. We are also recognised as the Best Department Store in the World (2010, 2012, 2014 & 2018) underlining our place at the forefront of retail. In 2018 we were recognised as a LinkedIn Top Company to work for.

Our vision is to be the destination for the most extraordinary customer experience, and our people are central to us achieving this.  As an employer we are committed to making Selfridges an exciting, inspiring and fun place to work