Join our journey to create a new experience for the National Lottery and help us to power change for the greater good.
About us:
We are Allwyn UK, part of the Allwyn Entertainment Group - a multi-national lottery operator with a market-leading presence in Austria, the Czech Republic, Greece, Cyprus and Italy. In the UK we are the operator of the National Lottery with a 10 year licence that started in February 2024.
We've developed ground-breaking technologies, built player protection frameworks, and have a proven track record of making lotteries better. Our aim is to create one of the UK's most inclusive organisations - where people can bring the best of themselves, to do their best work, every day, for the benefit of good causes.
While the main contribution of the National Lottery to society is through the funds to good causes, at Allwyn we put our purpose and values at the heart of everything we do. Join us as we embark on a once-in-a-lifetime, largescale transformation journey to build a bigger, better, and safer National Lottery that delivers more money to good causes.
Role Purpose:
This role sits within the Treasury function within Finance. The Treasury team ensures the business has financial liquidity within the business to meet its internal and external obligations.
• The treasury team is responsible for:
1. Managing all funds coming into the business via our retailer estate or any other channels;
2. Managing the business cash position though facilities agreed with our bankers;
3. Interactions and management of players trust funds along with the independent Trustees;
4. Licence and Trust reporting compliance;
5. Meeting internal business requirements for cash inflow and outflow;
6. Owning the relationship with banks;
7. A connected relationship with the Group Treasury team;
8. Protecting prize winners payments and related information;
9. Ensuring that our Trust and Good Causes obligations are paid on time.
The Cash Finance Manager reports into the Head of Treasury with the primary responsibility of further evolving the cash process and cashflow forecasting process to be best in class. Allwyn are currently undergoing a transformation programme, thus part of the role will be to support the transformation programme and Head of Treasury to systemise the cashflow forecasting process as much as possible.
This role will be a co-ordination role, you will need to be an effective communicator to get the buy-in from our Commercial Finance teams, Accounts payable teams and other teams across the business to enable you to do your role effectively, which is to produce a robust, fully signed up to, weekly and monthly cash forecast. In addition, you will be expected to communicate to senior stakeholders in the business regarding cashflow risks, opportunities and effectiveness of the cashflow forecast process.
This Treasury team consists of a total of five people, when the Head of Treasury is not around you will be expected to deputise, thus experience of team management would be an advantage for the success of this position.
Role Responsibilities:
* Reporting to the Head of Treasury, with primary responsibility for creating a best-in-class cashflow model for Allwyn.
* Collaborate with and get buy-in from internal stakeholders across Finance and the business to understand the cash inflows and outflows and how they can be improved.
* Line management of one direct report.
* Work closely with senior finance colleagues to bring strong alignment to existing and futures processes to improve outcomes.
* Lead on development of robust information flows documentation to ensure that management of cash is easily transferrable in times of absence.
* Work closely with the transformation team to systemise the cashflow process where possible.
* Prepare and present a detailed cash flow presentation at the scheduled weekly meeting. Highlighting key trends, risks to the business and potential opportunities.
* Delivering consistent detailed reporting to senior leaders - Finance Director, Financial Controller and Head of Treasury - on a regular basis.
* Ensuring a robust control environment exists and driving continuous process improvements.
* Provide training, guidance and support to junior colleagues fostering a culture of continuous improvement and high performance.
* Deputise for Head of Treasury as and when required.
* Overseeing the safeguarding of the company's cash and support in managing financial risks.
* To assist Allwyn's Treasury team with the day-to-day business, including input and oversight of our portfolio.
Key Measures of Success:
* Operating with integrity and staying independent.
* Robust cashflow process with the buy-in from stakeholders at all levels.
* Creation of an effective reporting pack that is distributed to senior stakeholders identifying risk and opportunities.
* Cash are supported by adequate documentation, peer reviews and quality checks.
* Excellent working relationships developed through trust and competence.
* No surprises - all cash risks, plans and projects are communicated clearly and in a timely manner with effective progress tracking and risk monitoring.
* Cash management and the importance of cash is embedded in the psyche of finance colleagues.
Company
Our vision is to grow the National Lottery responsibly, making it bigger, better and safer for all, with more to good causes.
Bigger because we will significantly increase Good Causes contributions by the end of the Fourth Licence through responsible growth of people playing.
Better because we will modernise technology and operations, refresh games and support shops while improving the use of data and digital.
Safer because participant protection underpins everything we do.
What is unique about us?
Our preparations to transform the National Lottery will be a once-in-a-lifetime type of project in the lottery industry, anywhere in the world. Join our journey to create a new experience for the National Lottery and help us to power change for the greater good.
Our approach
In Allwyn, the National Lottery will have an operator that has social value at its heart. We will raise more funding for Good Causes, while running our own business in an environmentally and socially responsible way. That’s why we have committed to an ambitious Social Value framework, which is woven into the way we do business. We believe that lotteries must serve everyone across society, not just those who play. So whether as an employee, a supplier, a retailer or any of the stakeholders that we interact with, we will be powering good across the UK.
Our goal is to create one of the UK’s most inclusive organisations – where people can bring the best of themselves, to do their best work, every day, for the benefit of good causes.
We are working to make the National Lottery truly accessible in a safe way, whether as a player, a retailer or an employee. We are proud to have been a partner with Purple since 2021 to support our work to embed accessibility into everything we do. Purple has carried out an accessibility audit on our office in Watford, is working with us to have truly inclusive workplace policies, and we have exciting plans to do so much more to make our games, both in-store and online, safely accessible.
Come and help us shape what the future of the National Lottery could look like.
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