Associate - Treasury Specialist

GBS (Global Business Services) provides financial, human resources, audit and IT services to the British American Tobacco entities. Our category expertise, large capabilities and international operation makes us a unique business partner who excels in financial leadership and, therefore, offers great shareholder value for BAT.

If you have financial or HR areas background; you thrive when faced with a challenge and you are highly motivated; you want to develop your career in an organisation that will not only recognise the unique attributes you bring but will support your development and reward your contribution,
visit our website @ www.bat-careers.com

Essential requirements:

University degree Accounting or Finance;
CIMA / ACCA or AMCT Treasury qualification (desired);
Excellent English (spoken and written);
Excellent numerical and analytical skills;
SAP Treasury system knowledge;
Intermediate Excel knowledge;
Acknowledged and proven leadership skills, specifically in managing intra-departmental and intra-subsidiary relations;
Acknowledged and proven oral and written communication skills;
Ability to maintain a high level of professionalism and confidentiality;

Job purpose and key deliverable:

Provide support to the Central Treasury and relevant BUs (. BATCAP/BATIF/BATOF) in producing in time and correct reports;
Deliver treasury accounting services to the Group;
Support continuous improvement of treasury projects;
Liaise with Central Treasury, BUs, Other GBS centres, as appropriate to support the delivery of business results within the Treasury Accounting - Middle Office;
Work with Central Treasury and other GBS Departments to deliver the reporting package;
Support the delivery of treasury accounting services to the Centre as well as to Business Units;
Treasury accounting to both Centre and Business Units includes, but is not limited to the following:
- Monthly and quarterly Mark to Market valuations of all financial instruments;

- Designation and de-designation of hedges;

- Posting realised and unrealised FX for all financial instruments;

- Prospective hedge effectiveness testing using IFRS9 principles;

- Running accruals for relevant financial instruments;

- Posting amortisation of financial instruments;

- Using TaO and existing legacy systems to make necessary accounting postings for all treasury related activities;

- Monthly reconciliation of inter-company balances;

- Supporting the Implementation of changes to treasury accounting systems in line with changes to International Financial Reporting Standards;

- Prepare the Statutory Reporting files for one of the BUs, based on the requirements (BATCAP/BATIF/BATOF);



To support the General ledger team in daily clearing activities/daily ad-hoc accounting queries;
Managing and maintaining the integrity of ledgers in SAP;
To support Central Treasury Accounting (Globe House) in the production of timely and accurate monthly accounts, net debt schedules and associated analyses;
To assist Central Treasury Accounting (Globe House) team in meeting BAT Group reporting deadlines;
To Support the migration and testing of data onto SAP for legacy systems;
To support the Treasury Accountant in managing customer relationships with specific attention to the Dealing Room, Treasury Control and Central Treasury Accountants (Globe House);
To support in any new Treasury/Corporate Finance driven initiatives (new products, complex transactions) to ensure that any procedural and/or systems changes are fully documented and tested to maximise efficiency;
To have an active involvement in SOX controls implementation;
The jobholder will be required to work hours that will coincide with those of the Business Unit to support activity in other time zones where necessary;
Drive the partnership with support functions to deliver expected quality standards in treasury matters;
Identify and raise issues with potential significant business impact in respect of the Group, Regional, Operations or End Markets;
Assist in the continual development of the Treasury Operating Model in terms of centralising treasury activity, expanding the scope of services provided to End-markets, enhancing the quality of services provided to End-Markets and driving operational efficiency of Treasury processes.
Provide support in relation to RPA’s implementation (developing new ones, UAT and production environment)