Treasury Associate

Our Client is looking for a Treasury Associate for a contract position, located in Aberdeen.

Within the FRC Aberdeen team, we currently have an opportunity for a Treasury Associate. This would be an excellent opportunity to gain knowledge of the payment process, banking system, and cash management of legal entities. The successful candidate will be responsible for the timely and accurate processing of all types of payments, customer receipts and bank administration tasks. This position will sit within the FRC Treasury Team reporting to the FRC Treasury Team Lead. This position would be suitable for a recent graduate looking for their first step into finance.

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Key Responsibilities

Responsibly for all banking in relation to allocated entities.  This includes;

Transactional Tasks:

  • Daily review of bank accounts to ensure all transactions are accounted for in SAP.
  • Running and checking of vendor and expense payment proposal listings (PPL), ensuring all have been run, reviewed, checked out to approvers and checked back into Treasury team, and booked in SAP.
  • Updating the Payment Exceptions Listing on SharePoint with all payment rejections detailing good explanations of payment failure and actions required to correct and close out the issue.
  • Setting up and checking manual payments to ensure appropriate back up is attached, appropriate Authority Level Matrix has been used to approve the payment, reviewing manual payments by other team members and recording the manual payments in SAP.
  • Uploading the receipts to the bank daily and ensuring these are recorded in SAP correctly.
  • Maintain detailed records of all direct debits and standing orders and ensure these are booked in SAP correctly.
  • Inputting funding requirements into Treasury Management System (TMS) and updating Weekly Cash Flow sheet for Group Treasury.
  • Completing month end tasks such as investigating reconciling differences ensuring there is a clear plan of action to correctly clear items timeously.
  • Completing monthly bank reconciliations for review by the Team Lead.
  • Completing quarterly currency exposure reports to review bank account requirements.
  • Daily review of the team mailbox to deal with queries professionally and appropriately to provide excellent customer service.

Ad Hoc:

  • Act as a point of contact for internal stakeholders to troubleshoot technical issues in relation to the banking platforms
  • Liaise with banks on operational matters
  • Closing bank accounts
  • Other ad hoc duties as required which may include cover for other team members

 

Education, Qualifications & Experience

  • Ability to understand, follow processes and apply knowledge to solving issues that arise
  • Excellent Microsoft Office Skills including Word and Excel
  • Good knowledge of SAP and relevant T-codes
  • SharePoint experience desirable
  • Excellent communication and global customer service skills are essential
  • Friendly and enthusiastic manner is essential
  • Good organisational skills are essential
  • Confident with the ability to liaise with others to resolve queries efficiently
  • Ability to work to tight deadlines is essential
  • Good attention to detail and high level of accuracy is essential