Treasury Back Office Lead

Ocado's Treasury team has a wide range of responsibilities including developing and implementing Treasury strategy and ensuring the management of financial risks. On a day to day basis this includes trading in capital (debt/equity) and other financial markets, running Front and Back Office activities and owning the operation of the Treasury Management System (Kyriba).
Back Office is specifically responsible for the settlement, confirmation, bank clearing and monthly bank account reconciliation of all Ocado entities with Fusion ERP, and mapping of the Treasury accounting files from Kyriba into Fusion.
The role reports to the Group Treasurer and has line management responsibility for a team of 2-3 Analysts.,

• Ownership of all Treasury controlled bank accounts, including the end-to-end processes around opening and closing accounts in line with policy and DOA


• Maintaining up to date bank mandates


• Banking of cheques


• Bank Reconciliation and Cash Accounting


• Ensuring ongoing bank reconciliation and payment monitoring activities are managed appropriately in the team, according to the team checklist


• Ensuring all Oracle cash journal entries are posted to support the monthly closure of accounting books, bank balances and records


• Ensuring bank reconciliations for relevant Cash and Cash Clearing accounts are prepared to a excellent standard and robustly reviewed, providing commentary as required


• Complying with Group Finance policies and procedures in relation to bank reconciliations and Cash Management


• Ensure year end bank reconciliations timelines are met for the Group to deliver bank reconciliations as per accounting calendar


• Liaising and coordinating with various different internal teams to promptly resolve issues identified through the bank reconciliation process seeing them through to completion


• Working closely with the wider finance function on any bank reconciliation queries and GL cash position


Accounting Control

• Ensuring bank charges GL remains materially clean and free of miscodings


• Settlement and confirmation of all Front Office deals


• Control function to ensure Front Office deals have been appropriately transacted and on time to meet internal SLAs


• Reviewing and confirming daily front office activity before release to bank and/or Oracle Fusion processing


Company Card Schemes

• Owning company card schemes including user management (card set up, decommissioning, limit changes), reconciliations, policy and guidance documentation


• Deputising for the Group Treasurer as required


Projects (including but not limited to)

• Identifying and driving automation of bank clearing to continue to improve our auto-match rate


• Ensuring our bank cut off times are documented and communicated to Front Office


• Regression testing every quarter and identifying and ensuring anomalies are corrected


External Audit

• Support external audit requests including providing bank reconciliation evidence as required


Line Management

• Lead the team of 2-3 Treasury Analysts


• Support their development, ensuring objectives are set, hold regular 121s and performance reviews.
  
  Strong experience in managing the cash/bank reconciliation process in a high volume organisation


• Strong experience of working across multi currency accounts


• Ideally post graduate Treasury or Accounting qualifications


• Experience of working collaboratively with a large number of teams and stakeholders within a multinational organisation


• Working knowledge of Oracle Fusion or other similar ERP systems


• Experience using with Kyriba (Treasury Management System) on a day to day basis will be a major advantage


• Working knowledge of Oracle Cash Management or other similar high volume reconciliation tools


• Excellent knowledge of Microsoft and Google Suite of Office tool
  
  Ocado Group plc ('Ocado') is changing the way the world shops: evolving from UK pure play online to global technological solutions provider. The speed, shape and pace of turning technology and engineering innovation into practical and profitable solutions for our global clients in turn means we are changing the way that we support and innovate in Group Operations. Group Finance are critical to the success of the business and are embarking on period of intense transformation, introducing scalable solutions to power the business and our future.
  
  Our employee benefits are designed for you, we care about people and we've ensured we have a wealth of benefits that focus on your well-being. We regularly review our benefits to ensure we are supporting our employees appropriately.

30 days 'working from anywhere in the world' policy
Wellbeing support through dedicated apps and an Employee Assistance Programme
25 days annual leave, rising to 27 days after 5 years service (plus optional holiday purchase)
Pension scheme (various options available including employer contribution matching up to 7%)
Generous Private Medical Insurance (within the first month of joining!)
Income Protection (can be up to 50% of salary for 3 years) and Life Assurance (3 x annual salary)
22 weeks paid maternity leave and 6 weeks paid paternity leave (once relevant service requirements complete)
Train Ticket loan (interest-free)
Cycle to Work Scheme
Free shuttle bus to and from Hatfield Train Station to the Hatfield offices
Free shuttle bus to and from Welwyn Garden City Train Station to the Welwyn Garden City offices
Opportunity to participate in Sharesave and Buy as You Earn share schemes
15% discount on Ocado.com and free delivery for all employees (within the first month of joining!)