Treasury Analyst

Job Title                               TREASURY ANALYST

Immediate MANAGER        TREASURY MANAGER

JOB PURPOSE

To ensure the accurate and timely execution of all financial payments through the bank, supporting the organization's operational efficiency and financial integrity. This role is critical in maintaining smooth cash flow, safeguarding against errors and fraud, and upholding compliance with internal policies and external regulations. The position serves as a key link between the Treasury team and internal stakeholders, as well as banking partners, ensuring that all transactions are processed with precision and accountability.

MAIN RESPONSIBILITIES

• Execute all outgoing payments, including those in foreign currency. This includes:
  • Verifying payment requests against supporting documentation
  • Maintaining detailed records of all payment transactions, approvals, and supporting documentation
  • Accurately entering payments onto banking platforms
  • Ensuring payments are appropriately approved through the bank and finalised every day

• Ensure all bank accounts are appropriately funded at all times
• Ensure compliance with internal financial policies and external regulatory standards
• Liaise with internal departments to resolve payment-related queries
• Communicate with banking partners to troubleshoot issues and ensure smooth transaction flows
• Support month-end and year-end reconciliation processes, including accurately recording bank transactions in prime accounting system
• Reconcile bank movements – comparing forecast with actual using various banking platforms
• Obtain bank balances from all banking platforms to summarise cash position
• Complete bank account administration as and when required
• Maintain a list of signatories and employees with access to the bank accounts and levels of approval
• Update and distribute daily bank authorisation schedule
• Assist in maintaining group Credit Card platform, starters/leavers & dealing with day-to-day queries
• Perform other ad hoc duties as required

WORK CONTEXT

The post is based at MFG’s Head office in St. Albans.  Additional hours may be required to be worked from time to time, over the contracted working hours, to ensure that the needs of the business are met.

COMMUNICATIONS

The main internal contacts of the post are:

• Director, Group Financial Control
• Head of Treasury Finance
• Treasury Manager
• Other members of Accounts Department
• Other Head Office Personnel

The main external contacts of the post are:

• The Group’s relationship banks

COMPLEXITY

The main sources of complexity are:

• To ensure payments are entered accurately
• To ensure payments have been appropriately approved in line with Group authorities
• Ensuring the required number of signatories are available to approve payments
• To co-ordinate workload to achieve complimentary and competing deadlines
• To ensure that processes are scalable with the expansion of the business

KNOWLEDGE AND SKILLS REQUIRED

Essential

• Ability to manage repetitive tasks with consistency and precision
• Excellent organisational skills with the ability to prioritise tasks and to work to deadlines
• Ability to develop positive working relationships with colleagues and external contacts
• High level of integrity and discretion in handling confidential information
• Excellent numeracy skills
• A flexible approach to achieving team priorities
• Effective communication skills; verbal, electronic and written

Desirable

• Analytical and problem-solving skills
• A good understanding of online banking systems
• Familiarity with account reconciliation techniques
• Highly computer literate with excellent working knowledge of Microsoft Office