Job TitlePayment Terms Analyst LocationAsda House Employment TypeFull time Contract TypePermanent Hours Per Week37.5 SalaryCompetitive salary plus benefits.
CategoryNon Technical Closing Date30 April 2024"Everything about Asda"
We are a values-led organisation. As such we encourage everyone to be open and honest. We work creatively and collaboratively, valuing everyone's input.
Our collaborative culture, the size of our business and our belief in the empowerment of the individual means opportunities at Asda are abundant.
We conduct £300m worth of transactions every week. Our website handles over 2 million transactions a month. We have more than 145,000 dedicated Asda colleagues ensuring that our customers are at the heart of everything we do.
"Everything you'll love" Hybrid and flexible working – everyone is looking for that work/life balance and Asda have it on point. Flexible working meaning you work where it works to meet both your needs and the business needsDiscretionary bonus – Rewarding you for your hard work and effortsCompany Pension Scheme matched to a limit – Looking forward to the futureMinimum 24 days annual leave per year plus 8 bank holidays – Making sure you take time for your self and switch off4 weekly pay – which means you get an extra payday a yearDigital GP and Wellbeing sessions – Asda genuinely cares so we create a culture where our people can perform at their best, the physical health and mental wellbeing of all our people is very important to usDiscount off your shopping at Asda and George - with extra discounts running throughout the year – really makes a difference, saving the colleagues an average of £700 a yearCareer development and apprenticeship and graduate schemes - we want our colleagues to excel and grow with our business. (Link to grad scheme on Asda page)Free city centre parking – you can also use it outside working hoursPlus, much more!
"That's more like it" "Find your role"
Would you like to contribute to improving Asda's Working Capital position? As Payment Terms Analyst you will be directly involved in the delivery of our payment terms program to improve cash flow. This is a key role within our Finance Operations Team interacting with Commercial Finance,
Treasury, Procurement, Asda Shared Services, the Trading Floor and suppliers.
Let's find out about you" Responsibilities: Facilitate improved Working Capital position through:Providing analysis to facilitate supplier negotiations to improve payment terms, optimising cash flow.Engaging with traders and suppliers in strategic payment term discussions to enhance cash benefits.Planning and Compliance:Support forming the business plan to maximise cash benefits through payment terms Ensure adherence to the Payment Terms FrameworkContribute insights to the Cash Committee, aligning strategies across Food, Non-Food, and GNFR Procurement- Ensure Supplier Communication and Validation:Conduct an annual review of small suppliers, communicating updatesValidate and maintain audit documentation supporting payment terms changesEfficient Communication and Query Resolution:Communicate required payment terms changes to the Asda Service CentreAddress trader and supplier queries regarding payment termsControl access to SCF/C2FOFinancial Management:Manage settlement discount and C2FO incomeEssential Skills Experience in role(s) with a finance backgroundStrong analytical skills and scenario modelling experienceAbility to work through issues / data and present in a clear and concise format Strong negotiation skills and the ability to gather data to support negotiationsAbility to make commercial and financially sensible business decisions Ability to influence to inform good decisionsStrong communication skills and ability to hold challenging conversations Desirable Skills Finance qualification, either part qualified, qualified or qualified through experienceYou will need to demonstrate strong organisational skills with the ability to deliver to deadlines and deal with varied tasksAbility to build strong relationships across the business and at all levelsStrong pride in ensuring we adhere to Asda's ethics and compliance policies and procedures Being able to work as part of a wider team to get results"Find your everything at Asda" - bringing brighter living within everyone's reach.We are passionate about creating a diverse and inclusive workforce, representative of the communities we serve, and are creating ways to inspire diverse talent to join Asda"Find your everything at Asda" - bringing brighter living within everyone's reach. We are passionate about creating a diverse and inclusive workforce, representative of the communities we serve, and are creating ways to inspire diverse talent to join Asda. Work Where it Works
Our hybrid way of working gives you the choice to work where it works. This enables you tochosewhere you'll be the most effective. It offers a mix of working from home and in an office environment that works best for you and your team.
You will also get an excellent benefits package including;-
• Discretionary company bonus
• Company pension up to 7% matched
• 10% colleague discount, free parking and many additional rewards.
We want all colleagues to be able to bring their best and true selves to work, every day. Simply put, we want our colleagues to be Proud to be Asda and proud to be themselves
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