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Treasury Accountant in London at Tokio Marine HCC

Date Posted: 10/31/2018

Job Snapshot

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    Not Specified
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Job Description

Job Purpose:

 Running day-to-day of the Treasury Accounting activities to ensure that:

  • Banking relationships are maintained and meet company guidelines;
  • Cashflow and liquidity is effectively monitored and forecast;
  • Ensure that responsibilities are carried out in accordance with documented procedures and within established deadlines and provide cover to Treasury Manager;
  • Processes and controls are regularly reviewed and improvements implemented.

Key Responsibilities:


Banking relationships are maintained:

  •  Be the main point of contact for all banking related queries across TMHCC;
  • Liaise with relationship managers at banking partners to ensure that bank processes and services are appropriately maintained;
  • Create and maintain all banking documentation including mandates, list of signatories and powers of attorney and up-to-date copies of registration documents for all International/legal entities and branches
  • Ensure bank charges and interest are appropriately calculated;
  • Identify areas for improvement in banking relationships and implement change as required;
  • Liaise with Company Secretarial to co-ordinate opening and closing of bank accounts; 

Financial cash books and bank accounts are reconciled:

  •  Review of all bank reconciliations and ensure reconciling differences are monitored and resolved on a timely basis;
  • Maintain up to date records of receipts and payments transactions, including all Bureau and manual transactions;
  • Manage bank statements and reconcile bank accounts;
  • Administer electronic banking interfaces;
  • Liaise with external and internal audit to provide audit evidence or information to queries;

Cashflow and liquidity

  •  Monitor Group bank accounts to ensure balances remain within the guidelines set for liquidity;
  • Provide reports on cashflow forecasts prepared on short and medium term basis;
  • Monitor the working capital requirements for the group;
  • Liaise with European and Group Treasurers with regard to the timing of investment and sale of currency;
  • Ensure that cashflow is adjusted to align assets and liabilities by currency;
  • Identify cash requirements or excess balances to ensure cash is invested appropriately;
  • Work with the Cash Accountant to ensure intercompany loans are repaid after every month end to meet the business needs;
  • Identify and consult the groups currency matching position to make decision on FX when the business requires extra liquidity.

 Management of the Treasury Accounting team:

  •  Manage the day-to-day performance and priorities of the Treasury Accounts Assistant;
  • Provide operational and technical support to the Treasury Accounts Assistant;
  • Ensure that clear objectives are set for the team and performance is regularly monitored and reviewed;
  • Support the Treasury Manager providing cover when required and working on special projects as required;
  • Encourage a culture of continuous improvement and ‘end to end process’ thinking;
  • Use a collaborative approach when working with others; 

Processes and Controls

  •  Ensure procedure documentation is kept up to date;
  • Monitor all reconciliations and key controls and assess opportunities to improve the processes and work with Cash Reporting team to implement;
  • Work with compliance on sanctions control around payments where jurisdictions may come into conflict with a company entity or a banking relationship.


Job Requirements

Qualifications and Experience Specification:


  • University degree in relevant field
  • Advanced Excel
  • Insurance accounting experience
  • Experience of managing banking relationships
  • Experience of managing multiple currencies


  • Professional accounting qualification
  • Utilising multiple underwriting systems: Genius, Eclipse, & IRIS
  • General Ledger: PeopleSoft
  • Financial control and reconciliation

Soft Skills:

  •  Professional approach and delivery of work product
  • Energy, enthusiasm and persistence
  • Ability to influence others
  • Methodical approach to problem solving
  • Strong financial analysis and reporting skills
  • Attention to detail
  • Ability to report in a concise manner complex financial information to multiple stakeholders
  • Focus on timely delivery of quality outputs
  • Excellent communication and interpersonal skills
  • Drive and commitment to achieve individual, project and team objectives
  • Commitment to development of self and others
  • Able to work with multiple teams and stakeholders to resolve queries


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