Cash Finance Manager

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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:

o Managing all funds coming into the business via our retailer estate or any other channels;

o Managing the business cash position though facilities agreed with our bankers;

o Interactions and management of players trust funds along with the independent Trustees

o Licence and Trust reporting compliance;

o Meeting internal business requirements for cash inflow and outflow;

o Owning the relationship with banks

o A connected relationship with the Group Treasury team

o Protecting prize winners payments and related information;

o 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

Requirements
Key Skills and Experience:

• ACA, ACCA, CIMA or ACT qualified

• Strong academics; University and A levels

• Experience in financial and treasury operations

• Strong cashflow management with a proven track record of adding value in this area

• Experience of developing and leading a team to deliver the company's goals

• Able to forge strong relationships across the business

• Excellent communication skills and confidence to provide constructive challenge where necessary

• Experience of developing and leading a team to deliver the company's goals

• Experience of using SAP desirable

• Knowledge BACS, MISYS and credit card portals

• Advanced excel skills

• High level of integrity and independence whilst also able to successfully partner with the business in meaningful ways through building trusting relationships and connections.

• Must be self-motivated and self-starting with ability to multi-task

Benefits

• 26 days paid leave (plus bank holidays)

• Annual bonus scheme

• 2 x Life Days

• 4 x Salary of Life Insurance

• Pension: we'll match your contribution up to 8.5%

• Single Private Health Cover

• £500 Wellness Allowance

• Income Protection

• Enhanced parental leave (maternity and paternity)

• Eye Care, Dental and Cycle To Work schemes