Officer- Treasury

Job Description

JOB PURPOSE

To support the Senior Officer–Treasury Operations in the efficient and proactive management of banking and insurance activities of Client and to ensure proper recording, settlement, tracking & reporting of all banking activities.

To Monitor the cash funds position of Client to assess the adequacy and availability of funds at minimum financing costs and risks.

KEY ACCOUNTABILTIES

• Fund Management
  
  

Assess the adequacy and availability of funds at minimum financing costs and risks to meet company’s short- and long-term cash requirements.

Plan cash flow requirements for senior management approval.

Maximize the returns on income from surplus funds through investments in fixed deposits.

Prepare Foreign Exchange instruction letters to ensure appropriate foreign currency payments are made.

Bank Reconciliation

Prepare monthly bank reconciliations for all bank accounts to identify any errors or omissions requiring adjustments for monthly closing purposes

• Insurance Claims
  
  

Independently handle all insurance matters including reporting outstanding bills payable, invoice payments, travel insurance and follow up claims with the insurers and declarations to analyze base information for annual renewals of insurance

Foreign Exchange Deals

Maintain an updated position of the Foreign Exchange deals with the banks and brokers to calculate the effective Foreign Exchange rate for relevant projects

Check confirmation from banks and brokers for all Foreign Exchange deals to highlight any errors, obtain approvals and effect settlement for all the deals based on the maturity dates

• Treasury Operations
  
  

Monitor the daily cash funds position for each bank and prepare the cash flow forecast determining the inter-bank transfers for optimum utilization of funds

Carry out all Treasury accounting entries for client and DHV such as interbank transfers to ensure all treasury transactions are properly recorded in the books of accounts

Maintain the surplus cash position through efficient treasury management to improve profitability through good funds management and proactively avoid any deficits

Financial Payments

Monitor and maintain the daily operational affairs with financial institutions to ensure general financial payments and receipts for all departments are cleared and not pending

Assist client in setting up new corporate bank accounts and credit card applications for its business Liaise with various banks to obtain financial information such as bank statements and status of outstanding loans position

• Reports
  
  

Track and provide an update to the status analysis report for short- and medium-term loans and valuation repayment dates to ensure timely availability of funds

Skills

Skills and Qualification Required

Essential

Degree in Accounting or equivalent.

Good knowledge of Treasury function with some training in financial analysis

Good knowledge of computerized accounting packages. Ability to work independently in an ERP environment e.g., SAP

Desirable: Specialized training in Treasury Management

Job Skills: Accounting skills, good communication, proficiency in spreadsheet analysis and interpretation

Behavioral Competencies: Transparency, integrity, professionalism, passion for excellence, change management orientation

Experience: 2 years of relevant accounting or financial management experience in the manufacturing industry (dealing with banks and insurers).

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