Cash to bank manager

Reed Accountancy
17 Apr 2017
16 May 2017
Contract Type
Full Time
My client  is one of the largest independent retailers in the UK, with over 400 trading outlets, a family of around 8,600 colleagues and more than 330,000 regular trading members.
My client currently  trades across 16 counties from the Midlands to the East Coast - through more than 200 foodstores, 100-plus funeral homes, filling stations, post offices, travel branches, florists, opticians, masonry outlets, a crematorium and a coffin factory.

Qualified or nearly qualified lead managing the performance management of a team of AATqualified and semi-qualified colleagues in the delivery of compliance with the Society treasury,and balance sheet policy, including supervision of the correct allocation of cash, in a timelymanner on a right first time basis. Impacts strategic decision-making based on KPI reporting toLeadership Group and Trading businesses.

Leading administration of bond processing and regulatory reporting. Pre-need
bonds are a complex financial instrument and this requires understanding of the structure andfinancial interdependencies with other Shared Service teams. This also requires regularmanagement of interactions with funeral leadership, bond applicants, funeral homes and Royal London.

Delivery includes the proactive development and maintenance of Banking Service Catalogueimplementing continuous improvement and problem solving to deliver great service.Management of key relationships with providers of financial management services, ie. Banking,cash management and voucher management.To provide interim leadership and technical cover for the Order to Cash Manager (level B) roleor Price Desk, Credit Control and Banking.Overseeing the complex interaction of a number of financial systems for allocated balancesheet reconciliations. This requires experience of Agresso and GroupIT to a superuser level.

May also include designing new reconciliation processes arising from business
transformation e.g. Foreign Exchange reconciliation for Travel Stores. Cash allocation of over£1bn.

Using expertise in cash management oversee treasury and cash allocation activity ensuring through appropriate controls that this is completed on a right first time basis and backlogs are managed within agreed KPI’s, SLA’s.Key individual with an understanding of the technical aspects of running the banking servicesteam to ensure that new banking processes can be correctly integrated within existingprocesses i.e. knowledge of how double entry systems workOperate to ‘Perform’ ways of working to provide visibility of individual performance and tosurface backlogs and problems to be solved –30% of time invested in Perform Coaching.Ensure compliance with banking services policy and processes by developing and maintaining clear processes delivered by highly competent banking and pre-need funeralbonds teams. This includes maintaining and developing the Banking Shared Service Catalogue.

Delivery of Perform metrics tracking key processes for backlog and problem solving.
Key systems know-how for Agresso, GroupIT and other financial systems. Oversee the
weekly import of cash statements into Agresso and Group IT from various electronic source of data, after checking no errors exist in the import files.Provide oversight and control for d financial administration tasks e.g. bank signatories andsignatory for Society cheques via a cheque signing machine.Ensure the Society branch bank deposits and delegated balance sheet reconciliations.Undertake oversight controls for identified processes, this includes identification andescalation of Fraud issues in accordance with the Fraud Policy.Ensure controls in operation for the recording and banking of cash/cheques from Societycustomers received into the business support centre and import into Agresso. This includesengagement with key supplier relationships e.g. Loomis or Vaultex.

Essential qualifications & Desired Qualifications

A level or equivalent English, Mathematics

Accounting nearly qualified or fullyqualified CIMA or 
Nearly or newly qualified AAT

Essential experience & desired Expiernce
Led a banking/treasury team in a fast paced and rapidly changing environment
Experience of financial Shared and Service in Retail and banking
Experience of Agresso/GroupIT or similar
Previous Team Leader/Supervisor experience
Must be a self-starter and enjoy problem solving

If you are intrested in this role please forward on an up to date CV to

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