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Accountant (Treasury)

Employer
London Borough of Tower Hamlets
Location
Tower Hamlets, London (Greater) - Hybrid
Salary
£52,674 - £55,710
Closing date
24 Feb 2025
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Job Details

Located in the heart of East London, Tower Hamlets is a vibrant and dynamic borough that is home to a rich tapestry of cultures, histories and opportunities. With iconic landmarks such as the Tower of London, Canary Wharf and Brick Lane, this bustling area offers a unique blend of historic charm and cutting-edge development. Tower Hamlets boasts a thriving community with excellent transport links, diverse neighbourhoods and a commitment to sustainability and inclusive growth.

Joining the Tower Hamlets finance team means contributing to the economic vitality and financial health of a borough that is passionate about creating a brighter future for all its residents.

About The Role

As an Accountant specializing in Treasury, you will oversee the Council’s daily dealing, including downloading bank balances, preparing spreadsheets to assess group balances, and managing lending and borrowing across money markets. You will execute trades through the ICD-MMF system, invest with the DMO as needed, consult with brokers, advisors, and counterparties, and coordinate CHAPS and FX payments across all departments.

In addition, you will co-ordinate CHAPS AND FX payments, manage daily, monthly, and annual cashflow forecasts and maintain the Council’s counterpart lists. Required reconciliations and journals for the Treasury function are completed, along with ensuring compliance with Treasury Management Strategies, CIPFA, and statutory requirements through the preparation of annual, quarterly, and half-yearly outturn reports, as well as the submission of statutory DELTA returns.

You will assist with the year-end closedown of Treasury Management and external audits, update Treasury Management Practices and procedure notes, and support the wider finance function, particularly in Capital, Banking, and VAT.

About You

Ideally you are either qualified or studying towards a CCAB or similar accounting qualification, with experience in treasury accounting within a large, complex organization and a strong awareness of financial markets, the banking system, and financial news.

In addition, you will be a great communicator and co-ordinator both within internal departments and representing the Treasury Team externally with the Council’s stakeholders.

A strong numerical and analytical skill for spreadsheets and processing large numbers with excellent accuracy and record keeping is key.

A positive work ethic and willing to go the extra mile, with a willingness to develop, learn and grow. You will regularly attend treasury networks and conferences ensuring your knowledge about the financial markets is surpassing standard requirements.

Application Process

The London Borough of Tower Hamlets are working in partnership with Hammond Clarke for the successful recruitment of these positions. As part of your application, please include a supporting statement alongside your CV outlining your experience and skillset in relation to this position.

For any additional information or an informal conversation, please contact Hammond Clake on the contact details below:
Chris Macdonald, Head of Permanent Recruitment - cm@hc-exec.co.uk Haben Solomon, Director - hs@hc-exec.co.uk

Closing date: 24th February

Supporting Documents for Accountant (Treasury)

Company

Tower Hamlets is one of the UK's most culturally vibrant and diverse areas. The borough is densely populated, with over 200,000 people living in eight square miles at the heart of London's East End. Some 49 per cent of residents are from black and minority ethnic communities. We have Investors in People status, have achieved the highest level of the Equality Framework for Local Government and are committed to recruiting a workforce to reflect our community. 

Challenges do still remain and deprivation and poverty is present in the area, providing a stark contrast to the wealth and prosperity that has grown around Canary Wharf and the City fringes. 

The Council is making capital investment of some £300 Million over the period 2014/15 to 2016/17 and there are a number of high profile capital projects being designed and delivered during this period. We are seeking people with ambition, creativity and commitment to ensure our economic growth and capital investment provides benefits for everyone and create opportunities to transform the lives of local residents. 

Against this background, a professional, independent and objective internal audit service is vital for promoting good governance across the Council.  

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