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Assistant Treasury Analyst

Employer
easyJet
Location
London Luton Airport, Luton (GB)
Salary
Not advertised
Closing date
Jun 13, 2022

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Job Details

When it comes to innovation and achievement there are few organisations with a better track record. Join us and you’ll be able to play a big part in the success of our highly successful, fast-paced business that opens up Europe so people can exercise their get-up-and-go. With over 300 aircraft flying over 1000 routes to more than 30 countries, we’re the UK’s largest airline, the second largest in Europe and the tenth largest in the world. Flying over 90 million passengers a year, we employ over 13,000 people. Its big-scale stuff and we’re still growing.

TEAM

Sitting within Finance, the Treasury team are responsible for the management of financial risk for the business including foreign exchange, commodity, interest rate and funding risks. We pride ourselves on our continual innovation and constant development towards process improvement to best support the successful operation of the business.

The role sits within the ‘Middle Office’ area of the team who are collectively responsible for Treasury related accounting, reporting, systems and ensuring that an effective control environment is maintained for all Treasury activities. We operate tight controls around everything we do ensuring that as a team we adhere to mandated Treasury policy.

 

JOB PURPOSE

  • This position is a pivotal role in the Treasury team. Based in Luton, the role is key to ensuring a strong control framework and effective day to day operation in the easyJet treasury team
  • The successful candidate will be responsible for the operational day to day processes of key ‘back office’ Treasury activities. This includes responsibility for making all Treasury related payments (related to debt, derivatives, leases and other business critical items), confirmation matching of derivative trades, breach report monitoring and posting daily Treasury accounting entries.
  • Working with the Banking team to ensure that all Treasury payments are accounted for correctly. This includes helping on specific areas when necessary that fall under the scope of the Treasury Team (e.g. fleet financing, credit cards, intercompany transactions, letters of credit and bank guarantees).   
  • Provide support to the Treasury Accountant and Treasury Manager with data analysis, reporting and month end accounting as required
  • Focus on process improvements and control enhancement, in particular how we utilise a new Treasury Management System (TMS)
  • As a key member of the treasury Middle Office team you will enjoy building strong working relationships with internal (e.g. all areas of finance) and external stakeholders (e.g. counterparty banks).

 

JOB ACCOUNTABILITIES

 

Accounting
 

  • Ensure accurate and complete daily transaction postings for treasury related payments are entered into the general ledger
  • Assist with the cash flow forecasting process by actualising forecasts, providing accurate cash movements and working with team members to fully understand all bank movements
  • Support the Treasury Accountant and Treasury Manager with ad-hoc and month end postings on highly intricate items related to derivatives (including hedge accounting), debt and interest items.
     

Control/Regulation
 

  • Ensure all executed derivative trades are fully ‘confirmed’ and agreed with counterparty banks on a timely basis within SLA’s (either electronically or via paper contracts)
  • Maintaining and updating the Treasury dealing mandate
  • Ensure all transactions and trades made by Front Office are in line with the Treasury Policy and using initiative to challenge any unusual trading activity.
  • Monitoring/reviewing of daily and monthly policy compliance reporting and explaining breaches to management
  • Ensure adherence to EMIR, by performing reconciliation at month end through designated confirmation tool with all counterparty banks. To be able to challenge and chase down when items are incorrect or outstanding on a timely basis
  • Enhancing the Back Office control framework and driving of process improvements at every opportunity
  • Support in the administration of key Treasury systems


Payments
 

  • Instruct all treasury related payments accurately, on time and operating within a strict control environment
  • Assist in the management of the issuance of bank guarantees and security deposits
  • Ensure accuracy of static data information (e.g. bank account information, FX Rates etc) in Treasury Management System
  • Monitor and liaise with counterparty banks to ensure all derivative settlement receipts are received to the correct amounts and on time. Where this isn’t the case, investigate via relationship contacts with banks.
  • Support with the KPI reporting of Back Office performance, e.g. number of payment rejects/late payments/late payment charges

 

Other Ad Hoc
 

  • Assisting on ad-hoc projects (TMS implementation, accounting projects, system changes)
  • Working closely with both the Treasury Front Office and Banking teams.
  • Develop accounting stills from studying towards an accounting qualification

 

COMPETENCIES

 

  • Ownership and Delivery. Has a clear focus to deliver results, working to targets, reviewing progress and adapting their plans accordingly, motivating themselves/the team to achieve.
  • Business Performance. Understands business and external environment, is cost conscious and understands the longer term perspective and implications of decisions.
  • Innovation and Change. Is open to new ways of doing things and questions existing approaches, views change as an opportunity, comfortable working in a dynamic and ambiguous environment.
  • Building Relationships. Expresses ideas confidently and clearly, builds positive and constructive relationships with others, gets to know colleagues within their own team and supports them to ensure team goals are achieved.

 

 

 

Requirements of the Role
 

COMPETENCIES

 

  • Ownership and Delivery. Has a clear focus to deliver results, working to targets, reviewing progress and adapting their plans accordingly, motivating themselves/the team to achieve.
  • Business Performance. Understands business and external environment, is cost conscious and understands the longer term perspective and implications of decisions.
  • Innovation and Change. Is open to new ways of doing things and questions existing approaches, views change as an opportunity, comfortable working in a dynamic and ambiguous environment.
  • Building Relationships. Expresses ideas confidently and clearly, builds positive and constructive relationships with others, gets to know colleagues within their own team and supports them to ensure team goals are achieved.

 

KEY SKILLS REQUIRED

Strong intellect and is either a graduate or a part qualified accountant in ACA/ACCA/CIMA or equivalent qualification.

  • Critical to have a strong attention to detail and accuracy.
  • High degree of numeracy and understanding of basic finance concepts.
  • Previous experience of working within any element of Treasury preferable but not essential.
  • Proven track record of delivering process improvements.
  • Excellent communication skills (written and verbal) with the ability to constructively challenge whilst being able to build strong relationships internally and externally.
  • Ability to work under pressure (dealing with large payments in the 100’s of millions) to tight deadlines and capable of managing numerous work streams at the same time.
  • Possesses enthusiasm to learn with the ability to work well as part of a team and cover for other team members.
  • Studying towards an accounting qualification highly preferred however not essential.  Successful applicant will be expected to enter into studies towards a full accounting qualification (supported by easyJet).

 

LOCATION & HOURS OF WORK

This full-time role will be based in Luton and will be 40 hours per week.

#LI-FD1 #LI-HYBRID

 

Business Area

 Finance

Primary Location

 United Kingdom-London-London Luton Airport

Organisation

 Finance

Schedule

 Full-time

Unposting Date

Ongoing

Company

EasyJet Airline Company Limited, styled as easyJet, is a British low-cost airline headquartered at London Luton Airport. It operates domestic and international scheduled services on over 1,000 routes in more than 30 countries

We’re proud of our culture in easyJet, which we call our Orange Spirit. Our head office is in a working aircraft hangar in Luton and we have an international mind-set in everything we do. We are connected, fast paced, no-one stands on status, we’re lean but not mean, and our talent is the best in the industry. We strive for diversity in all its forms, we work hard and have fun; we have reinvented air travel and we will keep on innovating.

With over 270 aircraft flying over 800 routes to more than 30 countries, we’re the UK’s largest airline, the fourth largest in Europe and the tenth largest in the world. Flying over 80 million passengers a year, we employ over 12,000 people. It’s big-scale stuff and we’re still growing.

But for us, it’s about so much more than the numbers. In fact, if there’s one thing that sets us apart, it’s our people. Every one of them. Our pilots and cabin crew. Our engineers and central support teams. They’re the ones who make us the huge success story we are today. Which is why we offer so much in return, from training and development to rewards and recognition.

Find Us
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