Manager I, Treasury (Hybrid)

Job Description Summary

Will mainly handle and manage the day to day cash management operations of Treasury

Job Description

Cash Management

• Manage the day to day cash and liquidity position across Treasury operations.
• Coordinate the opening and closing of bank accounts. Work with internal teams to set up accounts with desired options
• Review daily cash balances, projections, and coordinate cash transfers across various accounts to ensure funds availability for all scheduled disbursement activity
• Prepare a cash forecast summarizing cash inflows and outflows (e.g., AP, payroll and employee related payments, tax and government remittances)
• Coordinate intercompany funds movements consistent with Corporate objectives; manage individual entity requirements and identify means to maximize internal cash and minimize external borrowing requirement
• Ensure and manage banking activity compliance with local statutory and central bank requirements
• Initiate transfers within bank system as necessary to support Treasury Cash Management objectives
• Address periodic bank transactional issues and work with functional teams (e.g., A/P, A/R, Payroll, etc.) to address root cause and resolve.
• Periodically reassess and design an efficient cash management banking structure to meet business requirements, minimize bank fees, minimize bank accounts, manage counterparty risk and optimize / leverage relationships with global banking partners. Prepare and analyze RFP questions and responses as required.

Bank Systems:

• Manage, maintain and ensure availability of banking systems and platforms; enhance functionalities as required and put in place new set-ups where needed to ensure efficiency of transactions (ex. Payroll upload, online payments)

Foreign Exchange:

• Execute spot trades as necessary to support cash management objectives. Actively solicit the market to ensure conversion rates maximize local currency received. Determine best practice for currency conversion – both timing and process while achieving other cash management objectives

Additional Job Description

Credit Facilities:

• Identify credit facility (Fx, working capital, financing programs) requirements and establish the same to ensure adequate liquidity; coordinate with internal units (Tax, Legal, Finance) to complete documentation and approval
• Review, negotiate terms, conditions and other criteria; analyze and manage fees/margins of providers; negotiate nil/minimal costs for the company

Bank Relationship Management:

• Provide support and consulting to local operating units on cash and banking issues. Assist units in reviewing requirements and issues involving cash or banking matters in the execution of a particular plan or strategy.
• Provide support to Accounting, AR/AP, HR and Payroll units on cash transaction queries, bank reconciliation/recording items and employee account/payroll concerns
• Liaise and foster good connections and maintain positive working relationship with various bank contacts, financial institutions and brokers among others
• Manage bank relations; review bank/service providers' performances and recommend addition/deletion to bank group; ensure quality service from partners
• Get updates on new trends/innovations, market/economic situations that may have impact on business
• Identify and recommend new products or facilities that may be of use to the business

Reporting:

• Prepare forecasts/budgets and related analysis; develop and maintain process to forecast cash flows to ensure/improve efficiency of cash management system
• Prepare required monthly reports/statements (cash balances, Collection/AR reports, FX schedules, bank statements, etc.)

Corporate Governance:

• Ensure accurate recording/accounting of Treasury transactions through periodic and monthly validation of results
• Establish, implement and manage treasury policies and procedures, ensure documented controls are in place to protect cash (no unauthorized payments) and manage risk
• Support internal and external auditor requirements

Key Objectives:

• Minimize idle cash balances and maximize cash usage
• Minimize bank fees
• Manage Foreign Exchange revaluation to -0- with limited monthly volatility

Qualifications:

• Graduate of Finance related courses
• Certified Public Accountant or Certified Treasury Professional with extensive Treasure experience
• Flexible to work Onsite