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Job Description - Financial Accountant (Treasury & Cash Management) (25000412)
Job Number: 25000412
Department: Finance
Type: Open-Ended/Permanent - Full Time
Closing Date:
21-Apr-2025, 10:59:00 PM
Disclosure and Barring Service Requirement: Not Applicable.
The University
At Durham University we are proud of our people. A globally outstanding centre of educational excellence, a collegiate community of extraordinary people, a unique and historic setting – Durham is a university like no other. We believe that inspiring our people to do outstanding things at Durham enables Durham people to do outstanding things professionally and personally.
Across the University we have a huge variety of roles and career opportunities, which together make us a large and successful community, which is a key hub of activity within our region and nationally. We would be thrilled if you would consider joining our thriving University.
The Role and Department
The Financial Accountant (Treasury & Cash Management) is part of the Financial Transactional Services team which represents the larger part (50.6 FTE) of the Finance Department and includes the transactional processing and compliance functions including Financial Accounting, Capital Management, Treasury & Cash Management, Accounts Payable, Student Billing and Credit Control. The Financial Accountant (Treasury & Cash Management) is a key role within the FTS team and reports to the Senior Financial Accounting Manager.
The role is responsible for the Treasury and Cash Management teams which includes cashflow planning and forecast modelling, operating in line with the Treasury Policy, complex balance sheet reconciliations and building relationships with key stakeholders. The role will include identifying improvements and optimisation in Oracle Fusion and working cross functionally to drive efficiencies and collaboration.
The Financial Accountant will lead a team of 7 with 1 direct report and ensure the day-to-day operations take place efficiently and effectively to meet current service levels.
The role offers hybrid working with a minimum of 40% office based per week however may increase to meet business needs, e.g., month end, audit etc.
From early 2025 the base location for this role will change from our Durham City Centre site to our exciting new professional services hub based at Boldon House. Boldon House is situated on the outskirts of Durham near the Arnison Centre in Pity Me.
Working at Durham
A competitive salary is only one part of the many fantastic benefits you will receive if you join the University: you will also receive access to the following fantastic benefits:
1. 30 Days annual leave per year in addition to 8 public holidays and 4 customary days per year – a total of 42 days per year.
2. The University closes between Christmas and New Year.
3. We offer a generous pension scheme, as a new member of staff you will be automatically enrolled into this University Superannuation Scheme (USS).
4. Parking across campus, a cycle to work scheme, and discounts with local bus and train companies.
5. A comprehensive range of development courses, apprenticeships and access to qualifications.
6. Support for health and wellbeing including discounted membership for our state of the art sport and gym facilities.
7. On-site nursery available plus access to holiday camps for children aged 5-16.
8. Family friendly policies, including maternity and adoption leave.
9. Opportunities for staff volunteering activities.
10. Discounts available via our benefits portal.
11. A salary sacrifice scheme for tax savings on benefits.
12. Support for relocation costs if moving to Durham.
Discover more about our total rewards and benefits package here.
Durham University is committed to equality, diversity and inclusion
Our collective aim is to create an open and inclusive environment where everyone can reach their full potential. We believe our staff should reflect the diversity of the global community in which we work. As a University, equality, diversity, and inclusion (EDI) are a key part of our Strategy. We encourage applications from under-represented groups including people with disabilities, women, and black, Asian and minority ethnic communities.
What you need to demonstrate when you apply/Person Specification
When you apply it is important that you let us know what skills/experience you have from a similar role and/or what skills/experience you have which would make you right for this role. Your application should cover the following criteria:
Qualifications/Experience
1. Qualified accountant with significant relevant professional experience within a similar role.
2. Experience of providing specialist advice and guidance to a range of customers and colleagues.
3. Experience of participating in internal or external networks to share and discuss good practice.
4. Experience of implementing policies and procedures and supporting change.
5. Experience of preparing cashflow forecasts and models, and related treasury experience.
6. Experience of preparing complex balance sheet reconciliations.
7. Experience of working with external auditors and supporting with year-end close.
8. Experience of managing and developing a team.
Skills/Abilities/Knowledge
1. Excellent spoken and written communication skills.
2. Strong digital competence across a range of digital devices and apps.
3. Committed to continuing professional development.
4. Knowledge and experience of ensuring compliance with regulatory and organisational policy.
5. Ability to solve problems and plan appropriate solutions.
How to apply
To progress to the assessment stage, candidates must evidence each of the essential criteria required for the role in the person specification above. Please don’t forget to check if there is any weighted criteria.
Submitting your application
We prefer to receive applications online. We will update you about your application at various points throughout the selection process.
What you need to submit
1. A CV
2. A supporting statement outlining how you meet all of the criteria within the Person Specification.
Contact details
For a chat about the role or any further information please contact Sue Jarvis (susan.jarvis@durham.ac.uk).
Typical Role Requirements
Core Responsibilities
1. Responsible for the cashflow planning models and lead the weekly short term cashflow review call.
2. Monitor and report on compliance with covenants.
3. Build relationships with key stakeholders to understand cashflow implications.
4. Develop KPI reporting in line with the Treasury Policy.
5. Monthly complex balance sheet reconciliations.
6. Support with year-end external audit.
7. Lead on continuous improvement activity.
8. Support the Cash Management Assistant Manager.
9. Support the Senior Financial Accounting Manager with other financial duties.
Service Delivery/Development
1. Show a commitment to equality, diversity and inclusion.
2. Review and improve systems and procedures relevant to your area of work.
3. Manage the delivery of Treasury and Cash Management services.
Planning and Organisation
1. Manage the delivery of operational activities carried out by the Treasury and Cash Management team.
2. Contribute to progressing the strategic and operational priorities of your Department.
Team Development
1. Manage and monitor the performance of the Treasury and Cash Management team.
2. Ensure that your team can deliver the required services.
3. Carry out regular performance reviews.
Please note that in submitting your application Durham University will be processing your data. We would ask you to consider the relevant University Privacy Statement.
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