Treasury functions including bank relationship management, foreign exchange operations, cash management, cash and treasury operations. Assists in meeting overall treasury department’s policies and regulatory requirements. Responsible for the day-to-day operational aspects of the treasury department under supervision of the TL.
Responsibilities
Cash Management
- Monitors and manages company’s daily and monthly cash position
- Determines company’s cash position and assists with cash forecasting. Alert TL on any shortfall / surplus of funds and recommend solutions
- Gathers, interprets all relevant information to prepares monthly cash flow requirements
- Monitor funds to ensure sufficient to meet company’s payment obligations at all time
- Executes funds transfer between company’s banks to meet payment obligations
- Manage payment in variance currencies correctly
- Meet BNM guideline in ensuring all payments are in compliance with central bank’s regulations
Cash Call Preparation
- Prepare monthly cash on timely basis in accordance to agreement and company’s policies/ procedures
- Compile data from both the system and the people
- Review the information provided by line department and have a robust challenge session where required
- Review monthly FMR to ensure cash call needs are consistent with what was reported in monthly FMR
- Review the cash call with Senior and TL prior approval by management
- Liaise with relevant line department on supporting documents if document attached are incomplete
- Ability to explain the variances in cash numbers and the basis of the numbers
- Prepare the cash call letters timely and ensure submission deadlines are met. Potential delays to be addressed with TL.
- Prepare the timeline for line departments and AP team to provide the necessary information for cash call preparation
Invoice payments
- Work closely with AP team to ensure all invoices are processed timely so that funds are utilized efficiently
- Identify invoices that need to be paid based on due dates and cash available
- Request unblocking for identified invoices to Senior Executive, Financial Services/ Team Lead prior carry out payment run timely
- Review weekly/monthly cash position and update the status to Senior Executive, Financial services/ Team Lead on weekly basis
- Highlight and propose when there has been a request for early payment of invoices
- Review monthly bank charges as billed by company’s bankers to ensure validity and perform the posting timely
Qualifications
- Bachelor’s degree in finance or related field required
- 3-5 years in finance or accounting environment/corporate finance with cash management/treasury operations experience a big part of this experience
- Experienced in handling standard Accounting System e.g. SAP
- Possess computer application skills e.g. spreadsheet, word processing, power point, presentation/chart application.
