Cash Management Analyst
Location: Sheffield / Hybrid homeworking
Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)
Salary: Up to £25,000 per annum max depending on experience
- 30 days annual leave plus bank holidays, opportunity to buy and sell holiday
- 15% employer pension contribution,
- Performance related bonus
- Flexible working, cycle to work scheme, healthcare cash plan and life assurance
- Paid voluntary day, maternity, adoption, and shared parental leave
- Benefits designed to suit your lifestyle - from discounts on retail and socialising, to health and wellbeing, travel, and technology...and plenty more
In this position, you will perform timely, accurate and efficient processing of investment fund drawdowns. Accurate and timely posting of distributions, perform bank account reconciliations for all BBB and Client held bank accounts produce cash flow forecasts and reports and identify and communicate improvement opportunities.
You will be responsible for transaction processing, this will include preparing and processing payments for investment fund drawdowns, ensuring investment payments are made on time, produce daily payment schedule for approvers, and ensure all payments comply with the current bank mandates & bank payment delegated authorities (maintained by FC&G team), and all payments comply with the requirements of the Government Banking Service related to bank account usage. You will also process cash postings to Dimensions, produce monthly Creditor and Debtor reconciliations for sign off and ledger close, and assist with BIP payment processing.
As part of the continuous improvement program within the finance team, you will contribute to the teams ongoing development, making recommendations for process improvements to payment processing, cash forecasting and cash management.
Essentially you will be a proficient user of Microsoft Word, Excel & Microsoft Office, and have experience of a similar Treasury function, making high-value payments through BACS, CHAPS, Faster Payments etc.
Payment's governance principles; approvals, segregation of duties etc, and understanding of the Government Banking Service is desirable.
The British Business Bank is a unique and exciting institution. Its mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses.
Established in 2014, it is a 100% government-owned economic development bank but independently managed.
To deliver its programmes, the Bank works through more than 200 delivery partners such as high street, digital, specialist and challenger banks, venture capital and private debt funds and fintech platforms.
Currently, we employ around 480 people, split between offices in Sheffield and London.
Please note all candidates applying for this role should have the right to work in the U.K.