Financial Accountant (Treasury & Cash Management) (Job Number: 25000412)
Finance
Grade 7: - £38,249 - £45,413 per annum
Open-Ended/Permanent - Full Time
Contracted Hours per Week: 35
Closing Date: 21-Apr-2025, 5:59:00 PM
Disclosure and Barring Service Requirement: Not Applicable.

WHAT YOU NEED TO DEMONSTRATE WHEN YOU APPLY/PERSON SPECIFICATION

When you apply it is important that you let us know what skills/experience you have from a similar role and/or what skills/experience you have which would make you right for this role. Further information about the role and responsibilities is at the end of this job description. Where a criteria has an asterisk* next to it, it may be given additional weighting when your application is considered. Your application should cover the following criteria:

QUALIFICATIONS/EXPERIENCE

1. Qualified accountant with significant relevant professional experience within a similar role.
2. Experience of providing specialist advice and guidance to a range of customers and colleagues, including more senior colleagues to influence service delivery.
3. Experience of participating in internal or external networks to share and discuss good practice, develop strong and productive working relationships and positively influence the University’s reputation.
4. Experience of implementing policies and procedures and supporting change and service improvements.
5. Experience of preparing cashflow forecasts and models, and related treasury experience.
6. Experience of preparing complex balance sheet reconciliations.
7. Experience of working with external auditors and supporting with year-end close and external audit.
8. Experience of managing and developing a team.

SKILLS/ABILITIES/KNOWLEDGE

1. Excellent spoken and written communication skills and the ability to develop effective working relationships, both internally and externally
2. Strong digital competence across a range digital devices and apps including digital communication tools, Microsoft 365 applications, Oracle Fusion.
3. Committed to continuing professional development to maintain professional recognition.
4. Knowledge and experience of ensuring compliance with regulatory and organisational policy and guidelines.
5. Ability to solve problems and decide on and plan appropriate solutions.

THE ROLE AND DEPARTMENT

The Financial Accountant (Treasury & Cash Management) is part of the Financial Transactional Services team which represents the larger part (50.6 FTE) of the Finance Department and includes the transactional processing and compliance functions including Financial Accounting, Capital Management, Treasury & Cash Management, Accounts Payable, Student Billing and Credit Control. The Financial Accountant (Treasury & Cash Management) is a key role within the FTS team and reports to the Senior Financial Accounting Manager.
The role is responsible for the Treasury and Cash Management teams which includes cashflow planning and forecast modelling, operating in line with the Treasury Policy, complex balance sheet reconciliations and building relationships with key stakeholders. The role will include identifying improvements and optimisation in Oracle Fusion and working cross functionally to drive efficiencies and collaboration.
The Financial Accountant will lead a team of 7 with 1 direct report and ensure the day-to-day operations take place efficiently and effectively to meet current service levels.
The role offers hybrid working with a minimum of 40% office based per week however may increase to meet business needs, eg month end, audit etc.
From early 2025 the base location for this role will change from our Durham City Centre site to our exciting new professional services hub based at Boldon House. Boldon House is situated on the outskirts of Durham near the Arnison Centre in Pity Me. Boldon House will bring a number of professional services teams together in a vibrant office environment which supports collaborative working and is designed to embrace hybrid working. To find out more about this project, please visit this webpage: Boldon House – Durham University.

CORE RESPONSIBILITIES

• Responsible for the cashflow planning models and lead the weekly short term cashflow review call providing detailed insights and recommendations.
• Monitor and report on compliance with covenants including sensitivity analysis and identifying options to optimise covenant performance.
• Build relationships with key stakeholders to understand cashflow implications of business decisions and support with driving a culture of cashflow knowledge and accountability.
• Develop KPI reporting in line with the Treasury Policy.
• Monthly complex balance sheet reconciliations and review of team balance sheet reconciliations.
• Support with year-end external audit, ensuring all deadlines are met to bring audit to a successful conclusion.
• Lead on continuous improvement activity, support with process review and implementing efficiencies by developing digital skills.
• Support the Cash Management Assistant Manager with developing a continuous improvement framework.
• Support the Senior Financial Accounting Manager with other financial duties within the wider Financial Transactional Services team.