About Insite
Established in 2009, Insite Energy is a dynamic, fast-growing company that provides services to heat network suppliers in the UK. The services provided include metering & billing of residential customers, the installation (and retrofit) of credit billed and pay-as-you-go equipment, and ongoing maintenance and management of the heat network schemes.
We pride ourselves on our commitment to working as one team to put the customer and client first, delivering a reliable, competitive, and professional service. We are tireless in our efforts to be the best at what we do, which is reflected in our Trustpilot rating. With just over 70 current employees, we are small but mighty, delivering more by working together.
At Insite Energy, we embrace diversity and inclusion. We value all backgrounds, identities, and experiences. We're committed to providing equal opportunities for all and offering reasonable adjustments to ensure accessibility and inclusivity throughout the application process and in the workplace.
About the role
The Treasury Manager will be responsible for overseeing and managing funds collected from heat network residents on behalf of clients, ensuring that robust processes are maintained to enable accurate allocation and distribution of funds. Focus will be on improving and refining processes within the funds management team, leading and supporting projects to enhance the accuracy and efficiency of our financial operations.
The Treasury Manager will be expected to proactively identify areas for improvement and work closely with peers in the Finance and IT teams to optimise processes whilst supervising and guiding a small team and working alongside the broader finance team to ensure smooth operations.
Duties and responsibilities
Client Funds Management:
* Oversee the recording and daily bank reconciliation of financial transactions.
* Oversee and contribute to query raising and log maintenance for unallocated cash receipts.
* Manage and contribute to the monthly client funds payment cycle, which results in payments to clients as well as offset payments to internal trading accounts.
* Oversee the processing of resident refunds, checking the eligibility of requests, and ensuring that AML guidelines are being followed and SLAs are being met.
* Ensure that all trading account related transactions are identified and paid or receipted in a timely manner.
* Manage the Direct Debit process, including general process monitoring and supplier review and selection.
* Identify reasons for chargebacks and implement processes to minimise occurrences.
Reporting & Analysis:
* Submission of a monthly internal client funds reconciliation report to the Finance Director, including a breakdown of the allocation of client funds.
* Review and manage the monthly offset reports.
* Work with the Commercial Analyst to maintain ESCo Manager funds schedules.
* Ensure maintenance of external client fund reconciliations, including the creation of client fund reports and commentary files.
Month-End & Other Responsibilities:
* Contribute to and manage month-end processes, ensuring timely bank reconciliation and closure, preparation of bank balance allocation schedule, and generally ensuring all financial records are up to date.
* Oversee and manage the fixed and ad hoc invoicing processes, ensuring robust checks are in place to avoid errors.
* Oversee maintenance of a comprehensive log of manually raised invoices.
* On an ongoing basis, assess suitability of relevant suppliers, including merchant bankers, card payment processors, and direct debit processors.
* Act as the company’s AML officer, keeping up-to-date with requirements and applying to the company’s cash management processes.
Team Leadership & Support:
* Lead and support a small client funds management team.
* Ensure team tasks are completed timely and accurately.
* Provide guidance and support in day-to-day tasks and assist in resolving any operational issues as required.
Stakeholder Management:
* Collaborate with internal departments, such as IT for process improvements, and Onboarding for regular tasks.
* Maintain strong relationships with clients, including face-to-face meetings as and when required.
Process Improvement & Recommendations:
* Actively contribute to identifying process inefficiencies and suggest improvements to systems and processes.
* Lead on development and implementation of treasury policies and procedures.
* Make recommendations to streamline financial operations and improve reporting accuracy.
Location and working hours:
* 37.5 hours per week Monday to Friday 09:00 to 17:30
* 60-minute lunch break (unpaid) during each working day.
* Office location: Stuart House, Peterborough (PE1 5DD)
Required skills and attributes:
Experience:
* Proven experience in a similar finance or fund management role, preferably within the utilities, energy, or related sectors.
* Strong understanding of financial reconciliation, invoicing, and cash management processes.
Leadership & Communication:
* Ability to lead and motivate a team, providing clear direction and guidance.
* Strong communication skills to effectively collaborate with internal stakeholders and external clients.
Problem-Solving & Proactive Thinking:
* Ability to think strategically, looking at the bigger picture and making proactive recommendations for improvement.
* Self-starter with the ability to drive tasks forward independently, whilst managing multiple tasks effectively in a fast-paced environment.
* Strong organisational skills and attention to detail.
Technical Skills:
* Proficiency in financial systems (Sage 200 preferred), spreadsheets, and data analysis tools.
* Understanding of transactional flows per accounting principles.
Qualifications:
* Minimum Qualified By Experience, if not Part Qualified ACA/ACCA/CIMA
Benefits:
Insite’s benefits package offers a vibrant and supportive work environment, with opportunities for professional growth, work-life balance, and community engagement.
* Salary: Up to £50,000 dependent on skills and experience.
* Holiday Allowance: 25 days of holiday per year, plus 1 Birthday day, and English bank and public holidays.
* Corporate Social Responsibility (CSR) Programme: "DO RIGHT WITH INSITE" provides up to 2 paid days off per year for volunteering with company-led initiatives.
* Pension Scheme: Employer pension contribution matched at 4%.
* Employee Assistance Programme (EAP): Free, confidential support available for personal and professional challenges.
* Social Events: Regular company social events, including an annual Summer Party and Christmas Party.
Our Values: WOW ME! | OWNERSHIP | ONE TEAM | DEDICATION | RESPECT
#J-18808-Ljbffr