Assistant Treasury Manager

Financial Sommeliers:
Blending cash management, FX hedging, and banking relationships for a stronger group! Role Purpose

The Treasury team is a team of four that manage the treasury operations of the Majestic Wine Group and its subsidiaries (principally Majestic Wine Warehouses, Enotria Wine cellars & Vagabond Wines). This includes the management of the Group's cash resources, FX hedging and operational banking relationships, reporting.

• Contract Type:
  Permenant
• Reports to:
  
  Group Treasury Manager
• Location:
  
  Watford – Our Head Office is based in Watford, 15‑minute walk from Watford Junction station*
• We are proud to offer an Agile Working Policy for Head Office colleagues; a blend of office and remote working which will include a number of days working at the Majestic Office each week

The Treasury manager and his team undertake all the duties outlined below and as assistant manager tasks will include a number of the following:

• Monitor and analyse group cash balances on a daily basis
• Management of Group funds ensuring all accounts funded to need & central funds optimised through borrowing minimization and/or interest‑generating investment
• Ensure all cash inflows and outflows are posted and recorded accurately on a weekly basis
• Monthly reconciliation of all Group bank accounts
• Verification & validation of payments ensuring adherence to Group policies
• Execute payments, transfers and banking transactions
• Oversee and reconcile credit card postings and balance sheet on a monthly basis

• Group cashflow analysis on weekly basis for the 3 key operating companies and consolidation into the Group view, with regular reports to senior management & monthly board pack submission
• Support Treasury manager on longer term cashflow planning and analysis
• Support external audit activity relating to treasury
• Cover for Group Treasurer

• Day to day operational relationship with the Groups banking partners
• Query resolution
• Reporting, Monthly data submission to funding banks and support to audits (Statutory & funding banks)

• Draw down of currencies in line with payment schedules
• Working with business units to get a clear forecasts of the Groups future currency requirements
• Maintenance of currency hedges in line with the Groups hedging policy
• Monthly update to senior management
• Setting of Group currency rates on a quarterly basis in line with hedged rate

• Reconciliation of the complete banking, credit card receipts & floats within the 200+store estate

• Analytical Capability:
  Proven ability to dissect complex financial data, identify underlying trends, and translate analysis into actionable treasury recommendations.
• Diligence & Precision:
  Exceptional attention to detail with a track record of operational accuracy in a high‑stakes, 'zero‑mistake' financial environment.
• Consistency & Reliability: A dependable professional who thrives on establishing robust routines for daily liquidity management and meeting strict reporting deadlines.
• Excellent interpersonal skills for liaising with store staff and external partners, paired with a team player attitude.
• Familiarity with BACS, manual payments, and multi‑currency environments is highly desirable.

• A competitive salary & performance related bonus
• Up to 20% Staff Discount
• 33 days holiday, including public and bank holidays and a Holiday Purchase Scheme
• Life Assurance (Worth 3 times your annual salary)
• A contributory Company Pension Plan
• Career development opportunities
• Free parking on site with electric charging points
• Access to Retail Trust which includes Retail Rewards with discounts of up to 30% and other benefits such as free counselling support phone line
• Company maternity, paternity and adoption leave after 26 weeks
• Long service rewards