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Tresuary Tax Manager

Majestic Wine
Job LocationWatford
EducationNot Mentioned
SalaryCompetitive salary
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, part-time

Job Description

Are you a dynamic individual who wants to grow and develop in a company thats revolutionising retailAre you qualified AMCT and/or ACCA, CTA and/or ACA/CIMADo you have strong treasury experience in a FMCG or Retail environmentIf you have answered yes to these questions, Majestic Wine would be delighted to hear from you!Who are weMajestic Wine is the UK’s leading specialist wine retailer. Majestic was founded in 1980 and, alongside its Commercial and French divisions, had a turnover of over £300m last financial year.Alongside strong growth in multi-channel sales, Majestic believe there is still a key role a retailer that is loved by customers and loved by suppliers. We pride ourselves on our enthusiastic, knowledgeable and friendly people, who, working as part of aclose-knit team deliver exceptional customer service in a vibrant and fast-paced retail environment. More information can be found atIn August 2019 Majestic announced it will be continuing its story under new private ownership and was purchased by US investment firm - Fortress. The sale included the Majestic brand, stores, website, Commercial and French division.Fortress are now backing the vision for the future of Majestic and they see a lot of headroom for growth. The investment group pointed to Majestic’s ‘strong cross channel journey, expert staff and widespread brand affection’ when deciding to buy the business from its PLC status.Keen to take a look at what its like to work at our Support Centre, clickhere.The RoleManage the treasury operations for the business, including day to day relationship with banks, covering reporting requirements and managing the cash flow forecasting and reporting for the group in the UK and France. Manage tax compliance across direct and corporate taxes in the GroupKey Accountablilites and Responsiblities:

  • Manage day to day cash requirements and seek opportunities for the business to minimise foreign exchange risk and reduce interest costs through cash management
  • Embellish and formalise Treasury policy.
  • Responsibility for certain elements of Tax compliance for UK Tax and indirect compliance.
  • Help prepare returns, enhance policies, resolve queries and ensure compliancy.
  • Enable the business to effectively manage counterparty, interest and foreign exchange risk.
  • Align reporting systems to best practice.
  • Supporting weekly and monthly bank reporting
  • Enhancing treasury policies, procedures, reporting & systems
  • Covering for team members when necessary
  • Prepare information for external auditors and liaise with them to ensure audit goes smoothly and a good relationship is maintained.
  • Review and authorise postings of other team members with a view to reducing volume.
  • Maintaining the cashflow to providing both short and long term cash flow data each entity.
  • Preparing and reporting of covenant data
  • Proactively managing relationships with Credit insurers for key suppliers.
    • Knowledge & Skills Required:
  • Strong treasury experience in a FMCG or Retail environment
  • Qualified AMCT and/or ACCA, CTA and/or ACA/CIMA
  • Experience of Asset Backed Lending funding structure
  • Ability to model daily balance sheet and cash flow for forecasting and covenant purposes
  • Treasury systems knowledge
  • Ability to work in a fast-paced environment
  • Strong communication skills with an ability to deal with challenging situations.
  • Attention to detail - ability to manage multiple tasks to challenging timetables with strong planning and organisational skills
  • Strong analytical skills - ability to drill into and analyse financial and underwriting data.
    • Benefits:
  • A competitive salary based on your experience
  • 20% discount on wine
  • Life assurance 3x your salary
  • Free parking on site
  • Contributory pension
  • An unparalleled fun company culture thats focused on empowering and developing our employees.
    • Job Specifics:
  • Contract Type: 3 Months Fixed Term Contract
  • Location:Our Head Office is based inWatford, just 20 minutes from London Euston. From Watford Junction, we are a 15-minute walk to our Head Office.Taxisare provided to the station.
    • We’re fast paced, we’re entrepreneurial, we’re creative, we’re dynamic, we’re energetic and we’d love to hear from you!No agencies please.#LI-LD1

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