Treasury Accountant

Job Introduction

When you join Saga we welcome you with open arms and we fuel your career possibilities. We support. We encourage. We champion you to reach your full potential.

The Treasury team’s mission is to look after the financial health of our organisation by mitigating risks, keeping assets safe and return optimised. 

The Treasury Accountant’s role is critical to delivery of Treasury objectives and is central in a small, varied team. The Treasury department manages the Group’s cash, debt, currency forwards and commodity hedges, investment portfolio, hedge accounting and currency forecasting. We are a Group function and have internal stakeholders across the Group and external stakeholders too; bondholders, rating agencies, banks and of course our customers. Key to success is living by The Saga Way and embedding our core values in all we do. 

And in return, you can look forward to all of the responsibility and involvement of an integral role, providing you with a rewarding and fast paced career with an excellent benefits package including life assurance, pension, high street and online discounts, and concessions for holidays and travel.

Role Responsibility

• Cash management cover - manage Group wide bank account balances each day such that there are no overdrawn balances and that surplus funds are invested in line with policy.
• Review and complete month end divisional and Group reporting packs for review by Group Treasurer.
• Cover FX spot, forward and swap trading on behalf of the Travel businesses in line with Group policy.
• Produce weekly and monthly Group operational cash flow and reconcile position to Plc finance forecast to support liquidity management. Provide insightful commentary, including variance to prior forecast, cash flow generation by business and detail of working capital movements and actions underway to improve cash generation.
• Prepare monthly debt drawdowns, half yearly compliance certificates and information deliverables to banks, bondholders and ratings agencies.
• Deposit placement in line with Group policy.
• Implement any changes in accounting policy and complete all year and half year disclosure notes.
• Hedge accounting, currency forecasting and working with the travel business to explain differences arising in the P&L.
• Support or lead on ad hoc projects as required. In the short term, projects will include bank ringfencing, collection platform changes, Payment Service Provider RFP, lead on payment system review, review of cash and working capital and establishing performance measures and reporting and review cycle to drive improvement where appropriate.
• Assist the Treasurer in leading and developing others to ensure the team is motivated and engaged.
• Identify training needs to resolve gaps in knowledge and skills.
• Ensure that all changes in company philosophy, legislation and relevant accounting rules are embedded within the Treasury function.

The Ideal Candidate

Competences:

• Business Awareness : Good commercial awareness essential with a good understanding of insurance preferable.
• Communication : Excellent communication skills with ability to communicate well at all levels. Keeps others fully informed, encouraging participation and the expression of different or opposing views to ensure full understanding and engagement.
• Customer Focus : Acts proactively to improve customer service. Improves lines of communication.
• Self / Staff Development : Helps and encourages others to learn and develop, and takes a proactive approach to own development in current job.
• Drive & Resilience : Self motivated, self-starter who will work well under pressure.
• Influence & Negotiation : A good negotiator, with the ability to debate thinking to get to the best commercial outcome.
• Innovation : Thinks laterally to identify new or untried solutions leading to business benefits.
• Leadership : Ability to inspire others and commands respect. Willingness to roll up sleeves to sort out issues and meet deadlines. Leads by example.
• Problem Solving : Identifies relevant information and evaluates the issues to make sound decisions in highly complex or sensitive situations.
• Response to Change : Instigates and drives change. Open to new ideas.
• Teamwork : Improves team effectiveness by providing a sense of purpose and values, and by involving team members.
• Technical Competence : Qualified ACCA/CIMA/ACA, ideally with insurance experience.

Package Description

The standard benefits when you join Saga include:

• 28 days holiday
• Option to purchase a further 5 days annual leave per year
• Free private medical insurance after 1 years service
• Pension
• Saga Social Club
• AXA Be Supported
• Apples Nursery (Folkestone only and on a waiting list basis)
• Free fruit 
• Give as you earn
• Childcare vouchers
• Free eye tests
• Honeymoon benefit
• Sharebuy
• Salary finance
• Discounts on Saga holidays and insurance products
• A range of reductions and offers from leading retailers, travel groups and entertainment companies
• Long service awards

About the Company

When you join Saga you will see that we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. 

We value diversity not just because it is the right thing to do, but because diverse teams perform better. Creating a culture in which everyone feels welcome and offering equal opportunities in all aspects of employment and advancement is incredibly important to us. Fair consideration is given to applications from all applicants, including those with disabilities. If you need support at any point with your application please let us know as we will be happy to help.

To all recruitment agencies: Saga does not accept agency CVs unless specifically engaged on the role by the HR Recruitment Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga is not responsible for any fees related to unsolicited CVs.

Saga Group