Job Title:
Associate Director Treasury
Job Description
The Associate Director for Treasury will support the Director of Treasury in managing the company’s EMEA region's financial resources, ensuring efficient cash flow, liquidity management, and risk mitigation. This role involves overseeing daily treasury operations, developing financial strategies, maintaining strong relationships with financial institutions and support integration activities.
Cash Management
- Manage the day-to-day cash and liquidity position across all EMEA 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
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
Nice-to-Have:
- Treasury and bank systems experience (Kyriba, Bank of America Cashpro, Citibank Citidirect or HSBCnet)
Location:
PHL Makati - 11th Floor, Ayala North Exchange Tower 2, Ayala Ave
Language Requirements:
Time Type:
Full time
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