[BEST] Treasury Analyst (Operation)
Salary undisclosed
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Who Are We
Change is the DNA of L'Oréal; we are constantly leading the beauty industry to go beyond. In 1909, we began as a small store selling hair dye. Today, we have a portfolio of 36 international brands and a global presence in 150 countries.
At L'Oréal, there are 6 Zone Business Services Centres supporting the Group. Our ambition is to grow the finance department of the future at L'Oréal and provide world-class services to the Group.
Come join us in our quest of being the #1 BeautyTech Company!
Overview Of The Role
We are seeking a skilled Treasury Specialist with 3-4 years of relevant experience to join our BEST team in KL. This role encompasses a broad range of treasury operational tasks, including daily cash management, bank relationship management, payment processing, foreign exchange transactions, and compliance activities.
Key Responsibilities
Cash Management
Change is the DNA of L'Oréal; we are constantly leading the beauty industry to go beyond. In 1909, we began as a small store selling hair dye. Today, we have a portfolio of 36 international brands and a global presence in 150 countries.
At L'Oréal, there are 6 Zone Business Services Centres supporting the Group. Our ambition is to grow the finance department of the future at L'Oréal and provide world-class services to the Group.
Come join us in our quest of being the #1 BeautyTech Company!
Overview Of The Role
We are seeking a skilled Treasury Specialist with 3-4 years of relevant experience to join our BEST team in KL. This role encompasses a broad range of treasury operational tasks, including daily cash management, bank relationship management, payment processing, foreign exchange transactions, and compliance activities.
Key Responsibilities
Cash Management
- Perform daily reconciliations between forecast and actuals within the treasury management system (Diapason), execute bank transfers, prepare cash flow forecasts, investigate and resolve payment/AR rejections, provide bank statements to relevant stakeholders. Report actual bank balances to CFO, process ad-hoc payments, upload and validate bank statements in Diapason.
- Manage and track deposit and loan details in Diapason, prepare loan and term deposit documentation, provide weekly cash flow forecasts.
- Prepare and analyze the rolling 3-week cash flow forecast to ensure accurate liquidity management.
- Work closely with the Treasury Analytical team and apply the inputs on Cashflow trends/budgets received from the trend/budget cashflows for the preparation of 3 weeks. Collaborative culture with Analytical team is expected.
- Manage bank accounts (opening/closing), collaborating with bank relationship managers and ensuring adherence to internal procedures and regulatory requirements, updating bank account information in relevant internal systems.
- Identify opportunities for new banking products and services. Manage Know Your Customer (KYC) requests from banks, ensuring timely submission of required documentation and maintaining up-to-date records. This includes managing the annual KYC update process and responding to ad-hoc requests.
- Oversee the maintenance of banking powers with local banks and within L'Oréal's internal systems, ensuring proper authorization and control.
- Ensure the proper identification of FX exposure and execute spot/forward FX deals (buy/sell FCY), prepare declaration letters, supporting documentation for spot deals and other relevant reporting.
- Validate daily payment runs against bank records (e.g., web banking), manage rejected payments, and communicate effectively with internal teams and banks to resolve issues.
- Monitor and manage the expiration of bank certificates, ensuring timely renewals.
- Process urgent payments following the appropriate approval channels.
- Manage the end-to-end process for various types of bank guarantees ensuring adherence to internal policies and procedures, includes preparing necessary documentation, coordinating with relevant parties, and maintaining accurate records.
- Corporate Card management and handle the maintenance requests.
- Other Operational Task
- Develop SOPs, continue improve the process the operational performance.
- Preparation presentation slides and reports per request
- Collaborate with multiple stakeholders to ensure process compliance and smooth operations.
- Supporting projects initiated within BEST, Zone and Group.
- 3+ years in-depth finance expertise
- 1-3 years’ experience in treasury, accounting, finance, auditing, or Business Management in a rapidly growing business, 5years above experience for Sr. Specialist role
- Knowledge of treasury operations and payments systems
- Must be proactive team-member with the ability to thrive in a dynamic, fast-paced, deadline driven work environment.
- Strong learning agility and be able to adapt with change.
- ACCA/CPA or equivalent is a plus
- English fluent
Who Are We
Change is the DNA of L'Oréal; we are constantly leading the beauty industry to go beyond. In 1909, we began as a small store selling hair dye. Today, we have a portfolio of 36 international brands and a global presence in 150 countries.
At L'Oréal, there are 6 Zone Business Services Centres supporting the Group. Our ambition is to grow the finance department of the future at L'Oréal and provide world-class services to the Group.
Come join us in our quest of being the #1 BeautyTech Company!
Overview Of The Role
We are seeking a skilled Treasury Specialist with 3-4 years of relevant experience to join our BEST team in KL. This role encompasses a broad range of treasury operational tasks, including daily cash management, bank relationship management, payment processing, foreign exchange transactions, and compliance activities.
Key Responsibilities
Cash Management
Change is the DNA of L'Oréal; we are constantly leading the beauty industry to go beyond. In 1909, we began as a small store selling hair dye. Today, we have a portfolio of 36 international brands and a global presence in 150 countries.
At L'Oréal, there are 6 Zone Business Services Centres supporting the Group. Our ambition is to grow the finance department of the future at L'Oréal and provide world-class services to the Group.
Come join us in our quest of being the #1 BeautyTech Company!
Overview Of The Role
We are seeking a skilled Treasury Specialist with 3-4 years of relevant experience to join our BEST team in KL. This role encompasses a broad range of treasury operational tasks, including daily cash management, bank relationship management, payment processing, foreign exchange transactions, and compliance activities.
Key Responsibilities
Cash Management
- Perform daily reconciliations between forecast and actuals within the treasury management system (Diapason), execute bank transfers, prepare cash flow forecasts, investigate and resolve payment/AR rejections, provide bank statements to relevant stakeholders. Report actual bank balances to CFO, process ad-hoc payments, upload and validate bank statements in Diapason.
- Manage and track deposit and loan details in Diapason, prepare loan and term deposit documentation, provide weekly cash flow forecasts.
- Prepare and analyze the rolling 3-week cash flow forecast to ensure accurate liquidity management.
- Work closely with the Treasury Analytical team and apply the inputs on Cashflow trends/budgets received from the trend/budget cashflows for the preparation of 3 weeks. Collaborative culture with Analytical team is expected.
- Manage bank accounts (opening/closing), collaborating with bank relationship managers and ensuring adherence to internal procedures and regulatory requirements, updating bank account information in relevant internal systems.
- Identify opportunities for new banking products and services. Manage Know Your Customer (KYC) requests from banks, ensuring timely submission of required documentation and maintaining up-to-date records. This includes managing the annual KYC update process and responding to ad-hoc requests.
- Oversee the maintenance of banking powers with local banks and within L'Oréal's internal systems, ensuring proper authorization and control.
- Ensure the proper identification of FX exposure and execute spot/forward FX deals (buy/sell FCY), prepare declaration letters, supporting documentation for spot deals and other relevant reporting.
- Validate daily payment runs against bank records (e.g., web banking), manage rejected payments, and communicate effectively with internal teams and banks to resolve issues.
- Monitor and manage the expiration of bank certificates, ensuring timely renewals.
- Process urgent payments following the appropriate approval channels.
- Manage the end-to-end process for various types of bank guarantees ensuring adherence to internal policies and procedures, includes preparing necessary documentation, coordinating with relevant parties, and maintaining accurate records.
- Corporate Card management and handle the maintenance requests.
- Other Operational Task
- Develop SOPs, continue improve the process the operational performance.
- Preparation presentation slides and reports per request
- Collaborate with multiple stakeholders to ensure process compliance and smooth operations.
- Supporting projects initiated within BEST, Zone and Group.
- 3+ years in-depth finance expertise
- 1-3 years’ experience in treasury, accounting, finance, auditing, or Business Management in a rapidly growing business, 5years above experience for Sr. Specialist role
- Knowledge of treasury operations and payments systems
- Must be proactive team-member with the ability to thrive in a dynamic, fast-paced, deadline driven work environment.
- Strong learning agility and be able to adapt with change.
- ACCA/CPA or equivalent is a plus
- English fluent