Treasury & Working Capital Accountant
Location
Maidstone, Kent | United Kingdom
Job description
This role sits within the Finance Team as a Treasury Accountant with a specialisation in working capital management. This position plays a crucial role in optimising our company's liquidity and cash flow by effectively managing working capital components.
- Working Capital Analysis: Conduct thorough analysis of working capital components including accounts receivable, accounts payable, and inventory to identify trends, risks, and opportunities for improvement.
- Cash Flow Forecasting: Assist in the development and maintenance of cash flow forecasting models to accurately predict short-term and long-term cash needs. Monitor actual cash flows against forecasts and investigate variances.
- Accounts Receivable Management: Collaborate with the Accounts Receivable team to optimise collections processes, minimise days sales outstanding (DSO), and reduce bad debt exposure. Review customer creditworthiness and establish credit limits where necessary.
- Accounts Payable Management: Work closely with the Accounts Payable team to optimise payment terms, manage vendor relationships, and enhance cash flow through strategic payment scheduling.
- Inventory Management : Analyse inventory levels and turnover ratios to identify opportunities for inventory optimisation and cost reduction. Coordinate with supply chain and operations teams to minimise excess inventory and improve inventory turnover.
- Working Capital Optimisation : Develop and implement strategies to optimise working capital efficiency, including initiatives to reduce working capital cycle times, improve cash conversion cycles, and maximise return on investment.
- Financial Reporting and Analysis: Prepare regular reports and presentations on working capital performance, highlighting key metrics, trends, and insights for senior management review. Provide analysis and recommendations to support decision-making processes.
- Compliance and Risk Management: Ensure compliance with internal policies, accounting standards, and regulatory requirements related to working capital management. Identify and mitigate risks associated with working capital fluctuations.
- Process Improvement: Continuously evaluate existing processes and systems related to working capital management, identifying opportunities for automation, efficiency improvements, and cost savings.
Location Maidstone Job Summary
This role sits within the Finance Team as a Treasury Accountant with a specialisation in working capital management. This position plays a crucial role in optimising our company's liquidity and cash flow by effectively managing working capital components.
- Working Capital Analysis: Conduct thorough analysis of working capital components including accounts receivable, accounts payable, and inventory to identify trends, risks, and opportunities for improvement.
- Cash Flow Forecasting: Assist in the development and maintenance of cash flow forecasting models to accurately predict short-term and long-term cash needs. Monitor actual cash flows against forecasts and investigate variances.
- Accounts Receivable Management: Collaborate with the Accounts Receivable team to optimise collections processes, minimise days sales outstanding (DSO), and reduce bad debt exposure. Review customer creditworthiness and establish credit limits where necessary.
- Accounts Payable Management: Work closely with the Accounts Payable team to optimise payment terms, manage vendor relationships, and enhance cash flow through strategic payment scheduling.
- Inventory Management : Analyse inventory levels and turnover ratios to identify opportunities for inventory optimisation and cost reduction. Coordinate with supply chain and operations teams to minimise excess inventory and improve inventory turnover.
- Working Capital Optimisation : Develop and implement strategies to optimise working capital efficiency, including initiatives to reduce working capital cycle times, improve cash conversion cycles, and maximise return on investment.
- Financial Reporting and Analysis: Prepare regular reports and presentations on working capital performance, highlighting key metrics, trends, and insights for senior management review. Provide analysis and recommendations to support decision-making processes.
- Compliance and Risk Management: Ensure compliance with internal policies, accounting standards, and regulatory requirements related to working capital management. Identify and mitigate risks associated with working capital fluctuations.
- Process Improvement: Continuously evaluate existing processes and systems related to working capital management, identifying opportunities for automation, efficiency improvements, and cost savings.
About us
Winner of the Investors in Sales 2023 and Winner of the PrintIT Awards for Employee Experience 2021, Apogee Corporation provide Managed Workplace, Managed Print and Managed IT Services with Europe's Largest Multi-Brand solution. As an independent subsidiary of HP Inc, we have the advantage of being part of one of the world’s leading technology companies, with instant access to the latest innovation all supported by our market leading service operations.
We are committed to our sustainability objectives and are involved in frequent community and charity initiatives to support our vision. We are passionate about diversity, equity, and inclusion with a culture of originality. Our recent investment of £250,000 in employee training and development highlights our commitment to investing in enhancing the skills, knowledge, and experience of our employees.
Our culture allows you to innovate and develop your career with the support of an expanding corporate and progressive organisation. We are looking for inspiring and pioneering individuals, who want to make a difference in their careers as well as in the world around them. We are proud of all our employees, who are at the heart of what we do. If you become part of our journey, everything is possible, and the opportunities are endless.
Experience and Skills Required
- Proven experience in treasury with a focus on working capital management.
- Strong analytical skills with the ability to interpret financial data and identify actionable insights.
- Proficiency in financial modelling, cash flow forecasting, and Microsoft Excel.
- Excellent communication and interpersonal skills, with the ability to collaborate.
- Detail-oriented with a commitment to accuracy and quality.
- Ability to thrive in a fast-paced environment and manage multiple priorities simultaneously.
- Proven experience in working in a highly commercial and entrepreneurial environment. With a minimum of 5 years’ experience in a Treasury role within a medium to large-scale organisation.
- Experience in the technology or service-oriented industry is advantageous.
Benefits
- Flexible working options
- 33 days holiday including bank holidays
- Holiday purchase scheme
- Enhanced family friendly benefits (maternity, adoption, paternity and IVF)
- 2 paid days off per year for voluntary work to support our local communities
- Pension scheme
- Life assurance 4 x salary
- Sponsorship for professional development and memberships
- Employee Assistance Programme, including access to a virtual GP and financial wellbeing support
- Mental health first aider support programme
- Cycle2work scheme
- Discounted Gym Membership
- Eye care voucher scheme
- Free flu vaccinations
- Employee social events and recognition activities throughout the year
- HP Employee discount programmes
- Mobile phone discounts
We are a Disability Confident Committed Employer
Please take the time to look at our excellent Glassdoor and Trustpilot reviews We have been awarded “Customer Experience Foundation Membership” showing our commitment to excellent customer service.
Apogee Corporation is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We welcome all applicants and are open to considering flexible working options
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