Purpose of the role:
The Treasury and Accounts Payable Manager is responsible to achieve and monitor all objectives of the Treasury and Accounts Payable team, meeting all deadlines in a timely and professional manner.
Key Responsibilities / Duties:
Cashflow and Liquidity Management.
- Managing funds distributed across multiple bank accounts in various currencies and funding PSP balances.
- Ensure cash position reports are produced and analysed on a regular basis.
- Monitoring sufficient cover for player balances.
- Producing weekly cash flow forecasts, including intercompany and related party movements.
Bank Relationship Management.
- Ownership of banking mandates in collaboration with Due Diligence Manager, to include periodic due diligence and applying for new accounts when necessary.
- Main administrator for the Group’s bank accounts.
- Principal point of contact for communicating with banks on any issues/queries that arise.
Accounts Payable.
- Working with the rest of the business to optimise number of weekly payment runs to maintain high level of efficiency in management of working capital.
- Monthly review of Purchase Ledger.
- Sending aged creditor reports with commentary to Finance Director and CFO for each legal entity.
- Clearing Intercompany or Related party balances.
- Ensure suitable descriptions in narratives for Financial Control team and FP&A team to use for variance analysis and reporting.
Month end accounting.
- Oversee prompt close of cashbook and purchase ledger, including all required reconciliations are completed.
- Ensure relevant control accounts are clearing every month, including payroll control accounts.
- Assisting management accounts team with the accruals and prepayments schedules and reconciliations.
- Review FX differences on the P&L and give commentary.
Ongoing
- Workings with the PSP reconciliation team for changes / new PSPs, currencies, or payment mechanisms to ensure smooth integration.
- Working with the Procurement team to drive improvements in approval process.
- Ensuring Banking Policy is adhered to, and sufficient checks and controls are in place when setting up payments and requesting for payments to be approved.
- Playing a key role in implementation of new purchase order system.
- Support the Finance Director and the CFO with any ad-hoc tasks as required.
Person Specification, Skills, Experience & Qualifications:
- Previous Treasury and Accounts Payable experience.
- Qualified accountant (ACCA, CIMA or equivalent) or qualified by experience.
- Confident in running the accounts payable and treasury team.
- Have experience in leading a team and dealing with senior members of the finance and wider management team.
- Strong understanding of financial principles
- Previous experience of accounting software, ideally NetSuite
- Self-motivated with attention to detail
- Strong communicator at all levels and across a management team with varying financial management skills
- Ability to work to tight timelines and manage conflicting priorities.
- Previous experience within the online gaming industry is highly desirable.