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Purpose of the Job:
The Assistant Manager, Treasury will be responsible in efficiently manage Malaysian companies’ liquidity position and reduce forex exposure risk. Ensure Synthomer group of companies Treasury and forex dealing comply with Malaysian Central Banks Exchange Control Mechanism (ECMs). Optimizing cash resources within Synthomer group of companies. Managing and supporting banking relationships, initiate forward contracts deals with banks. Collaborating closely with the Group Treasury, Accounts Payable, Credit and Tax departments.
Main Accountabilities:
- Implement, and standardize Asian region treasury policies and procedures and in alignment with Group Finance/Treasury.
- Weekly cash forecast and present consolidated cash position with rolling 14 weeks trend.
- Prepare annual financing plan and update based on business forecast.
- Prepare funding requirement by currencies and timing of utilization.
- Support in reconciling cash balance by legal entity on monthly basis.
- Prepare bank reporting including balancing activities and compliance.
- Coordinate balance sheet and cash flow hedging.
- Liaise with company corporate bank’s relationship manager on service levels and support annual facilities renewals.
- Selectively use local banking facilities to fund working capital requirement.
- Manage intercompany loan agreements and terms.
- Continuously perform cost of funding / borrowing analysis from various sources and make recommendations to management.
- Monitor movement in exchange rates and alert management for significant fluctuations.
- Act as focal contact person to Malaysian Central Bank.
- Understand changes in ECMs and explain to management on impact to business.
- Recommend and implement new processes & continuous improvement related to increasing transactional cashflow efficiency & working capital management processes.
- Manage bank audits both internally/externally.
Expected Deliverable:
- Ontime month-end closing
- Ensure organization has sufficient funds to meet its short-term and long-term obligations
- Minimizing financing costs
- Minimizing financial risk
Requirements:
- Accounting or Finance / Banking degree preferable ACA/ACCA/CIMA
- More than 5 years of prior experience working similar roles in Shared Services, banking institutions or Multinational or local corporate organizations
- Familiar with commercial banking portal
- Experience in supporting General Ledger month-end close and account reconciliations.
- Microsoft Office-Excel, Word, Outlook, and Microsoft Teams, SAP Knowledge
- Excellent interpersonal and verbal/written communication skills
- Good problem-solving skill
Why Synthomer?
We are ambitious!
We have grown significantly – both organically and inorganically. We are a FTSE 250 listed company, 22% of our revenue comes from newly commercialized products, and we’re recognized in the top-quartile for chemicals manufacturing safety.
We believe in high challenge, high support!
We are keen to let you contribute in real roles from day 1. We expect a lot, but offer a lot, too. This includes onboarding, induction and learning events, networking opportunities, mentoring and personal development planning. So, be up for an inspiring long-term career adventure.
We personalize our approach to development!
At Synthomer, you won't find generic career tracks or development programs but rather a one-size-fits-one approach to employee development. We'll partner with you to ensure you have the right experiences that build your capabilities and accelerate your career growth.
We have grown significantly – both organically and inorganically. We are a FTSE 250 listed company, 22% of our revenue comes from newly commercialized products, and we’re recognized in the top-quartile for chemicals manufacturing safety.
We believe in high challenge, high support!
We are keen to let you contribute in real roles from day 1. We expect a lot, but offer a lot, too. This includes onboarding, induction and learning events, networking opportunities, mentoring and personal development planning. So, be up for an inspiring long-term career adventure.
We personalize our approach to development!
At Synthomer, you won't find generic career tracks or development programs but rather a one-size-fits-one approach to employee development. We'll partner with you to ensure you have the right experiences that build your capabilities and accelerate your career growth.
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