Job Title: Treasury Analyst
Division: Finance
Reports To: Head of Portfolio Management and Responsible Investment
Key Relationships: Group & regional finance teams; banks; investment managers; investment custodians; Beazley front office investment team; auditors
Job Summary: To play a critical role in managing the company’s cash flow, liquidity and financial risks while ensuring effective internal controls in place. The Treasury Analyst will assist in the development and tracking of cash management strategies, perform reconciliations, and maintain compliance with financial policies. Provide general support for the Treasury Operations.
Key Responsibilities:
- Cash Management: Monitor daily cash positions and prepare daily cash forecasting across all Beazley bank accounts in the US, UK, Europe, and Asia, ensuring accuracy and timeliness.
- Liquidity Management: Management of group-wide liquidity, arranging funds to cover shortfalls and deploying excess cash to maximize returns via money market funds.
- Reconciliation: Conduct quarterly cash analysis reconciling ledger accounts with bank balances to ensure financial integrity at the consolidated group and local reporting level.
- Treasury Operations: support with day-to-day operations including bank account management and relationship management with banking partners.
- Internal Controls: Develop and maintain strong internal controls related to treasury operations to mitigate financial risks and ensure compliance with regulations and company policies.
- Payments Processing: Assist in the execution of payments and ensure compliance with financial controls, including segregation of duties and approval processes.
- Reporting: Prepare regular reports on cash positions, liquidity forecasts and interest for management and other stakeholders.
- Process Improvement: Develop and implement best practices and process improvements in treasury procedures, ensuring efficiency and accuracy.
- Ad-hoc: Liaise with auditors and external stakeholders to resolve Treasury related queries.
General
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the FCA and PRA Conduct.
- Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Essential Criteria
- Experience in global cash forecasting and liquidity management.
- Strong understanding of treasury operations.
- Experienced user of TMS software such as FIS Integrity
- Competence in day-to-day treasury bookkeeping and financial operations across multiple entities.
- Experience with financial systems such as Agresso and Workday for reporting and analysis
Skills & Abilities
- Ability to ‘join the dots’ across many different functions and projects and see the bigger picture in terms of Beazley’s strategy.
- Strong Project Management and business analysis skills.
- A proven ability to communicate, negotiate and influence effectively at all levels.
- Excellent documentation and presentation skills.
- Ability to manage time, meet deadlines and prioritise.
- Motivational skills, team worker as well as able to work on own initiative.
Knowledge & Experience
- Experience of supporting the implementation of Treasury Management System (beneficial but not essential).
- Solid foundation in financial reporting for listed entities, including year-end, interim, and quarterly reporting cycles.
- Familiarity with accounting standards and the ability to monitor and apply changes to reporting requirements. (IFRS and UK GAAP).
- Ability to liaise effectively with auditors and external stakeholders to resolve financial queries.
- Experience of internal control implementation and documentation.
- Part-qualified with the Associate of Corporate Treasurers (ACT) or part-qualified accountant – desirable, not essential (ACCA, CIMA, ACA).
- Knowledge of insurance company accounting and Lloyd’s accounting is preferred but not essential.
Aptitude & Disposition
- Delivery focused, self-motivated, flexible and enthusiastic.
- Professional approach to interact successfully with managers and colleagues.
- Strong attention to detail.
- Team working.
- Information seeking.
- Problem solving.
- Effective communicator.
- Achievement orientated.
- Personal Impact.
- Leadership.
- Organisational awareness.
