Group Treasurer - Volkswagen Group UK - Full Time FTC

Job description

Grade: C1

Full Time Fixed Term Contract until 31 March 2017

Role reports to: Group Liquidity and Control Accountant

Closing date for applications: Thursday 29 October 2015

Working within Central Finance as Group Treasurer – ultimately responsible for cash management of the business, but also treasury accounting entries and reporting.

Completion of daily cash files to illustrate key movements across our local accounts and on GTP (Global Treasury Platform).  Reconciliation of movement to bank statements.

Key Activities:

Treasury & Banking

• Management of cash holdings on both local and GTP accounts
• Daily reconciliation of entries on SAP
• Administration of money market deals with VGS
• Banking of cheques and other deposits
• Submit all Accounts Payable payments to GTP
• Submit all Accounts Receivable collections to GTP
• Production of relevant banking documentation (e.g. bank mandates & guarantees).
• Send FX update to Financial Director

Forecasting & Reporting

• Input of cash inflows & outflows into Trinity system (Group cash forecasting system)
• Validation of data integrity in Trinity, including import and export of data
• Provide monthly variance analysis on Trinity actuals/forecast to VW AG
• Alignment with GLCA regarding Indirect & Direct Liquidity Forecasting
• Complete interest forecast and actuals on SAP
• Generate daily, weekly and monthly actual reporting and forecasting on cash-flow, banking result and investment strategy (deposits with VGS)
• Working with GLCA to complete, understand and improve Direct Liquidity

Accounting

• Month-end interest accrual and deposit entries
• Completion of balance sheet reconciliations
• Completion of Audit Deliverables
• Reallocation of foreign exchange to brands
• Responsibility for monitoring and approving  the Global Expense Audit queue and user management
• Ownership of Benefits in Kind; update changes, run reports, reconciliations
• Assist the Payroll Manager, adding new starters, leavers, internal movements and any ad hoc requests
• Assist GLCA with annual Stock Count; preparation meetings with all brands, collating data, reconcile anomalies and report to the auditors

About Us

Volkswagen Group UK is a wholly owned company of Volkswagen AG, which delivered 10.1 million cars in 2014. It has 118 production plants in 31 countries and employs more than 592,000 people worldwide who produce 41,000 vehicles a day. Volkswagen AG sells its vehicles in 153 countries.
Volkswagen Group UK is made up of five separate brands: Volkswagen, Audi, SEAT, SKODA and Volkswagen Commercial Vehicles. Last year one in every five new vehicles sold in the UK was from the Volkswagen Group, that was 545,000 in total.

The Group manages all aspects of vehicle sales in the UK, from ordering to advertising and supporting our retail network. Its National Learning Centre (NLC) offers a variety of training courses to assist our retailers in the selling and maintenance of our vehicles while providing the highest quality customer service.

Desired profile

Skills:

Essential:
• Strong knowledge of Microsoft Excel (essential)
• Very good knowledge of SAP (essential)
• Experience of delivering to deadlines and managing processes (essential)
• Experience of working with and analysing numerical data in an accurate way (essential)
• Excellent planning and organisational skills
• Ability to work using own initiative, whilst remaining a strong team player
• Ability to communicate and build rapport with both internal and external contacts
• Excellent interpersonal skills

Experience:

Essential:
• Previous experience of a financial role (essential) with treasury knowledge (desirable)

Desirable:
• Experience of VWG process and systems