Download London Borough of Camden

Job Capsule Supplementary Information: Treasury Accountant
This supplementary information for the Treasury Accountant is for guidance and must be used in conjunction with the Job Capsule for the Finance Family at Level 4
Zone 2.
It is for use during recruitment, setting objectives as part of the performance management process and other people management purposes. It does not form part of
an employee’s contract of employment.
Role Purpose:










To manage the Council’s cash flow on a daily, medium and long term basis within the parameters of the Treasury Management Strategy
To ensure security of the Council’s investments and secure the best rates of interest after that primary goal is met
To understand the financial environment and its impact on the Council’s treasury activities
To understand the Council’s debt requirements and advise senior officers on how to finance borrowing requirements
To understand and analyse the Council’s balance sheet position and use this to inform the treasury position
To accurately account for the authority’s investments and debts
To report to Senior Managers and Members throughout the year
To be responsible for the control environment of the treasury function and financial reporting for the treasury management function
To support the Head of Treasury with the strategy for treasury management
To provide advice on leasing, private finance initiative and other financing routes
Example outcomes or objectives that this role will deliver:












Page 1
Establish cash flow on a daily basis to enable investment first thing in the morning
Invest surplus cash via the London money markets working with brokers, banks and money markets (ranging up to £100m in any one day)
Take ownership for ensuring the deal is transacted correctly daily
Accurately account for and reconcile the control codes within the ledger for all investments and debts
Provide strategic support in relation to the debt and investment portfolios
Deputise for the Head of Treasury on treasury matters
Report to Committee and Senior Management on the performance, cash flow and security of investments and debts
Manage the Council’s cash flow liaising with internal and external contacts to ensure accuracy and up to date as possible
Produce the final accounts for all debts and investments in line with accounting standards
Produce accurate forecasts for interest payable and receivable for current and future years
Ensure that all staff loans are administered correctly including reconciliation
Advise on Public Finance Initiative and lease arrangements
People Management Responsibilities:

From time to time manage graduate trainees, back up dealers, work placements
Relationships:
The post holder will report to the Head of Treasury and Financial Transactions. Other key relationships for the post holder will be:
 The Deputy Director of Finance and Director of Finance
 The Council’s bankers and the Pension Fund Accountant
 Strategic Finance colleagues and corporate finance more generally
 Service Heads responsible for key income streams such as Council Tax, Business Rates, Rents as well as SSI
 The Council’s Treasury consultants are integral to delivering a high quality treasury operation and the post holder will be expected to develop strong and
productive working relationships with a number of key professionals within the Treasury consults business to further the aims and objectives of the treasury
function
 Money Market professionals including brokers, banks and money market funds
Work Environment:
In order to ensure the Council has access to the best rates on investments the post holder will need to ensure that the Council’s daily cash flow requirements are
established early in the day in order to invest when there is liquidity in the London money markets. This means the dealing needs to be started around 8.30am to
ensure optimal outcomes. The post-holder will be required to work in an agile way in line with Camden’s move to a paperless and flexible work environment. The post
holder will be required to attend evening Committees for treasury items.
Technical Knowledge and Experience:
 Ability to interpret financial data/information, apply logic and judgement
 Good understanding of the CIPFA Treasury Management Code of Practice and treasury management practices
 Have knowledge and understanding of financial planning, management and financial frameworks in a large organisation – preferably local government
 Excellent communication, influencing and presentation skills and a pro-active approach to work, including identifying and resolving problems/issues
Camden Core Behaviours for Level 4
 Adaptability – level 3
 Customer Service – level 2
 Driving Improvement – level 3
 Working together – level 3
Camden Additional Behaviour for this Role


Page 2
Analysis and Judgement – level 3
Strategic perspective – level 2