Assistant Manager, Treasury

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

Job Type: Full-time

Pay: Up to RM10,000.00 per month

Benefits:

• Additional leave
• Cell phone reimbursement
• Dental insurance
• Flexible schedule
• Free parking
• Health insurance
• Maternity leave
• Opportunities for promotion
• Professional development
• Vision insurance
• Work from home

Schedule:

• Monday to Friday

Application Question(s):

• What is your current salary?
• What is your expected salary?
• What is your notice period?

Education:

• Bachelor's (Required)

Experience:

• Treasury: 5 years (Required)
• Shared Services: 4 years (Required)