Salary:
40000
Location:
London, St Pauls
Vacancy Type:
Permanent
30 Jul 2021
Brand:
23 (Entain)
About The Role
Entain is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. With offices across five continents and licences in more than 20 countries, we operate some of the most well-known and iconic brands in the industry with more than 250 years of combined history – names such as Ladbrokes, partypoker, bwin and Coral.
 
Purpose of the role
As the Treasury Analyst you will be responsible for the day to day activities of the treasury function which will include; perform the Group’s cash management activities both internal and external, review and maintenance of static data within the TMS and Payment Hub, intercompany documentation management, bank account management and cover the Treasury Cash Manager in their absence. 
 
Key responsibilities
  • To assess, monitor, plan and manage the efficient utilisation of cash and facility borrowings in a manner consistent with the objectives of the Company. Essential Functions: Understand, manage, and supervise all aspects of cash flow. Forecast daily cash requirements and execute daily financing decisions. 

  • Manage relationships with financial service providers. Regular meetings with our relationship banks for potential new developments within the banking world.  

  • To manage the Group’s Sterling and foreign currency cash on a daily basis to minimise cash at bank in order to reduce bank borrowings (up to £500m) and overdraft costs.  Liaising with divisions within business to ensure that surplus cash balances within the group are kept to a minimum. 

  • To manage the short-term cashflow forecasting necessary for effective cash management within the group on a daily basis.  Recommending funding actions to be taken. 

  • To transact deposits and money market investment up to £200m on a daily basis in order to reduce interest costs. 

  • To transact foreign exchange deals that can reach £200m using 360T as necessary in order to reduce the exposure to foreign exchange rate fluctuations.  

  • To instruct and administer drawings on the committed borrowing facilities.  Also, liaison with lenders' administration teams where issues arise. 

  • Monitoring usage of drawings on committed borrowing facilities. 

  • To arrange the settlement of inter-company trade balances as instructed by the Group’s accountants.  Creation of new facilities/agreements, as required as well as reviewing month end balances to identify any breaches. 

  • Monitor bank and any other ad-hoc charges and address quality issues and working with line manager to negotiate a better pricing.  

  • To execute in a timely, accurate and efficient manner the treasury back office operations including settlement and confirmation of all deals transacted on the financial markets on a daily basis. 

  • Produce/circulate daily cash report to monitor counter party risk exposure. 

  • Support / advise overseas business units with regard to Treasury and banking issues – negotiate with units to maximize cash remittances to centre. 

  • Provide technical and other support for mergers and acquisitions and other projects as needed 

  • Develop the use of a new payment hub solution called Kyriba for the Group. The project involves understanding of the technical aspects such as SWIFT messaging/reporting and various file formats as well as configuration of the system for different payment types. Regular meetings with internal customers and banks to manage the deadlines set in our plan. 

Additional Information
Specialist skills & experience

Qualification: 

  • Minimum of 2 A Levels preferably one of which is Mathematics or other science discipline   

  • Finance/numerate related degree desirable although not essential  

 

Essential: 

  • Analytical skills with ability to solve problems innovatively 

  • Strong attention to detail  

  • Team player 

 

Desired:  

  • Two years’ experience within a Treasury department of a FTSE 100 company 

  • Experience using Finance or Treasury Management Systems  

  • Exposure to various banking systems 

 

Skills: 

  • Numerate 

  • Must be proficient in Excel

  •  

Competencies / behaviours 

    • Critical Thinker
    •  Works With others
    •  Communicator
    •  Drives Results
    •  Manages Change
    • Understands our Business 
About The Company

We’re Entain. Our vision is to be the world leader in sports betting and gaming entertainment by creating the most exciting and trusted experiences for our customers, revolutionising the space as we go. We’re specialists in safer gambling and the company that is at the forefront of responsibility.

Combining technology and entertainment to build products that push the boundaries, Entain is home to a global family of more than 25 well-known brands – names such as bwin, Ladbrokes, Coral, Gala, Betdaq, and many more. With a focus on sustainability and growth, we will transform our sector for our players, for ourselves and for the good of entertainment.

Diversity and inclusion at Entain

As a global employer, Entain is committed to providing a safe, fun, and inclusive culture where our people feel like they truly belong. We are a multicultural business that values, celebrates and respects individual differences, so whatever your sexuality, gender, gender identity, ability, age, race, religion or belief, you will have a voice here, and the space to do your best work. Our diverse internal networks provide the support for you to express your views and make a positive difference, all for the good of entertainment.

Wellbeing at Entain

We want our employees to feel healthy and supported at home and at work. That's why we have our Well-me programme, which provides information, tools and training to help our people look after their mental and physical wellbeing in ways that matter to them.
 

Our Culture As real as it gets

At Entain we're a diverse team, sharing a commitment to quality and success.

Whether you're playing a key role in your local community as part of our retail team, or working out the next big gaming trends in our digital team, you'll enjoy a culture and benefits package that we're extremely proud of.