Overview
from £32000 to £42000 depending on experience
Treasury Analyst
Salary £32,000 to £42,000
Permanent
FT – 35 hours per week
Hybrid – Home and Hub; Kings Cross – London
Closing date 7th May 2024
Saga are recruiting for a Treasury Analyst who will deliver a professional, high quality, reliable and efficient service to colleagues within the Saga Finance and Group Professional Services community, but also to Saga colleagues in other teams, acting as a knowledgeable point of contact for all Treasury-related issues and queries. You’ll also be a key point of contact for all Treasury partners outside of Saga including our banks, other financial services providers, and auditors.
Reporting directly to the Director of Investor Relations and Treasury who leads the team with the objective is to look after the financial health of our organisation by mitigating risks, keeping assets safe and returns optimised.
Our Treasury Analyst is critical to the daily operation of Treasury and is a central point of contact of a small team. The Treasury department manages the Group’s cash, debt, currency and commodity hedges. We are an Enterprise function and have internal stakeholders across the Group and external stakeholders including lenders, rating agencies, and customers.
*You will be required to visit the London and/or Ashford Saga Hubs a few times each month. Candidates applying will need to be in a commutable distance to ensure they are able to visit the London Hub as and when required by the business.
Role Responsibility
Working as the Treasury Analyst at Saga, you will take full responsibility of the following areas and tasks:
- Oversee the management of Enterprise-wide cash balances each day such that there are no overdrawn balances and that surplus funds are invested in line with policy, ensuring regulatory capital is ringfenced where required. Additionally, providing regular updates to senior colleagues on the cash position and expected covenant headroom.
- Assist with implementing process improvement and automation of daily processes, especially cash management, working with the finance transformation team to drive forward change and extracting additional value from existing portals and systems.
- Cover FX settlement on behalf of the Cruise and Travel businesses in line with Group policy.
- Preparation and processing of manual payments, where required, and coordinating the authorisation process.
- Lead online banking and portal administration and maintenance of user and contact lists.
- Ownership of bank mandates, coordinating changes with the Company Secretarial Team and various banks, including maintenance of a master database.
- Assist with, and carry out, foreign exchange currency trading, including monthly reconciliations and coordination of weekly requirements.
- Prepare monthly reporting for both cash and the debt facilities under Treasury management. Additionally, preparation of monthly reports on FX, interest, and forward rates and supporting colleagues with ad hoc market data requests.
- Act as a key point of contact for our banking and other partners, including responsibility for KYC requests.
- Management of the Treasury inbox, providing appropriate responses in a timely manner.
- Following our Business Code of Conduct and always acting with integrity and due diligence.
The Ideal Candidate
We are keen to see applications from candidates who can demonstrate the following skills and experience;
- Have historical treasury, economics, or accounting background.
- Knowledge and familiarity with banking and payment mechanisms.
- An understanding of operational forecasting, ideally to include variance analysis to improve forecasting accuracy.
- Excellent communication skills are essential, you will be one of the primary points of contact within a small team and communicating directly with internal and external senior stakeholders.
- Demonstrate a high level of accuracy, with exposure to material transactions and executing foreign exchange trades with banks.
Desirable;
- Systems experience; Refinitiv Eikon or Bloomberg (particularly within Microsoft Excel) and Workday.
Package Description
Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that’s why we have put together an amazing benefits package for all colleagues.
- 25 days holiday + bank holidays
- Option to purchase additional leave up to 5 extra days
- Pension scheme matched up to 10%
- Life assurance policy on joining us
- Wellbeing programme
- Colleague discounts including family discounts on cruises and holidays!
- Range of reductions and offers from leading retailers, travel groups and entertainment companies
- Enhanced maternity and paternity leave
- Grandparents leave
- Company performance related annual bonus – Up to 5%
- Income protection
- Access to Saga Academy, our bespoke learning platform
About the Company
Over the past 70 years we have become the UK’s specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.
At Saga 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.
Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity. We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.
Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.
Job Reference: saga/TP/135599/2880
