Executive, Corporate Finance (Treasury)

JOB PURPOSE:

• Provide support to MISC Berhad’s fund raising exercises, loan administration obligations and any other finance related corporate initiatives.

Funding Requirement

• Evaluate financing proposals for assessment on the most favorable structure/terms.
• Consolidate information for preparation of the Request for Proposal (RFP) document and submit to identified banks.
• Extract salient terms of funding proposals submitted by banks and prepare spreadsheet for analysis on the most favorable proposal.
• Assist in corporate exercises and strategic initiatives undertaken by MISC Group in areas of corporate financing.
• Collaborate with Legal Department and BU/Subsidiary in the negotiation of facility documentation in fund raising and/or project financing exercises.
• Assist in the evaluation and due diligence on potential business ventures.
• Liaise with respective Business Units/Subsidiaries for provision of financial information.

Annual Financing Plan

• Prepare the Finance Sectorial View for management update.
• Assist to procure and compile information /materials relevant for the preparation of Finance Sectorial View section for management reporting.
• Integrate and consolidate the existing borrowings and upcoming financings information for budget submission.
• Perform entries into SAP BPC (Business Planning Consolidation) on all actual and forecasted principal and interest movements on borrowings.
• Liaise and follow through with Group Management Reporting & Data Integrity team, business units and subsidiaries on any discrepancies and/or amendments.

Loan Administration Management

• Administer MISC Group of Companies’ Loan Portfolio (i.e. from existing obligations or undertaking of new debt financing) both external and inter-company loans.
• Ensure timely calculations and payments on all loan principal and interest, complete with valid supporting documents.
• Prepare the corresponding Journal Voucher(s) of accounting entries for approval and input these into SAP/R3 system.These entries are to be tallied against the MISC Group’s Loan Profile records at all times.
• Prepare and maintain the MISC Group’s Loan Profile Report with the detailed categorization of the floating/fixed loan segregation and level of securitization.
• Liaise with external auditors, Lenders (including PETRONAS Group Finance) and regulators in meeting all required borrowing obligations.
• Prepare reports for submission to the relevant parties such as PETRONAS and Bank Negara Malaysia (BNM).
• Liaise with local regulatory bodies to ensure all corporate finance activities are in compliance to stipulated rules and regulations.
• Consult with local regulatory bodies (such as Bank Negara Malaysia, Labuan Financial Service Authority, and other statutory regulators) to ensure all loan transactions are made according to the rules and regulations.
• Prepare draft forms for online submission, which are to be reviewed by Manager prior to submission.

Loan Portfolio Management (MISC Group of Companies)

• Observe and monitor the quantitative financial covenants to ensure MISC is in compliance to the loan agreements.
• Calculate the indicative MISC Group financial covenants, according to the loan agreement requirement, based on the company’s financial results.
• Monitor the compliance of qualitative covenants (i.e. as required in the Representations and Undertaking clauses) on loan facilities undertaken by MISC Group.
• Submit the results of the quantitative (financial) covenants’ computation for certification by auditors (where required) before submission to the Facility Agent.
• If relevant, prepare the application letter to request for waiver on breach of financial covenant, and to follow through until approval is secured. This requires constant follow-up and discussion with the Agent Bank.
• Monitor the qualitative covenants (i.e. submission of financial statements, compliance certificate and insurance confirmation certificate on semi-annual basis to the facility agents/lenders) to ensure compliance at all times.
• Liaise with the Facility Agent on other administrative related matters of loan facility as well as collation of information from BUs/Subsidiaries when requested by Lenders to ensure compliance to the facility agreement.
• Prepare draft of the salient terms and conditions as basis of the inter-company loan agreement for management’s review and approval.
• Assist in the formalization of loan documents for MISC Group of Companies.
• Collaborate with the Legal Department to draft an inter-company loan agreement/promissory note.

Ad-hoc Controls and Procedures

• Assist in providing samples of relevant controls under Corporate Finance transactions to Financial Control Framework (FCF) team.
• Assist in preparation of Weighted Average Cost of Capital (WACC) for impairment assessment
• Extract and compile information on business competitors and other key elements in WACC computation for submission to Group Accounts, Financial Planning and Analysis (FP&A) team, business team and auditors.

REQUIREMENT & QUALIFICATION:

• At least 5 - 7 years of relevant work experience in Finance/ Treasury/ Accounting.
• Degree in Accounting/ Finance or other related professional qualifications.

JOB PURPOSE:

• Provide support to MISC Berhad’s fund raising exercises, loan administration obligations and any other finance related corporate initiatives.

Funding Requirement

• Evaluate financing proposals for assessment on the most favorable structure/terms.
• Consolidate information for preparation of the Request for Proposal (RFP) document and submit to identified banks.
• Extract salient terms of funding proposals submitted by banks and prepare spreadsheet for analysis on the most favorable proposal.
• Assist in corporate exercises and strategic initiatives undertaken by MISC Group in areas of corporate financing.
• Collaborate with Legal Department and BU/Subsidiary in the negotiation of facility documentation in fund raising and/or project financing exercises.
• Assist in the evaluation and due diligence on potential business ventures.
• Liaise with respective Business Units/Subsidiaries for provision of financial information.

Annual Financing Plan

• Prepare the Finance Sectorial View for management update.
• Assist to procure and compile information /materials relevant for the preparation of Finance Sectorial View section for management reporting.
• Integrate and consolidate the existing borrowings and upcoming financings information for budget submission.
• Perform entries into SAP BPC (Business Planning Consolidation) on all actual and forecasted principal and interest movements on borrowings.
• Liaise and follow through with Group Management Reporting & Data Integrity team, business units and subsidiaries on any discrepancies and/or amendments.

Loan Administration Management

• Administer MISC Group of Companies’ Loan Portfolio (i.e. from existing obligations or undertaking of new debt financing) both external and inter-company loans.
• Ensure timely calculations and payments on all loan principal and interest, complete with valid supporting documents.
• Prepare the corresponding Journal Voucher(s) of accounting entries for approval and input these into SAP/R3 system.These entries are to be tallied against the MISC Group’s Loan Profile records at all times.
• Prepare and maintain the MISC Group’s Loan Profile Report with the detailed categorization of the floating/fixed loan segregation and level of securitization.
• Liaise with external auditors, Lenders (including PETRONAS Group Finance) and regulators in meeting all required borrowing obligations.
• Prepare reports for submission to the relevant parties such as PETRONAS and Bank Negara Malaysia (BNM).
• Liaise with local regulatory bodies to ensure all corporate finance activities are in compliance to stipulated rules and regulations.
• Consult with local regulatory bodies (such as Bank Negara Malaysia, Labuan Financial Service Authority, and other statutory regulators) to ensure all loan transactions are made according to the rules and regulations.
• Prepare draft forms for online submission, which are to be reviewed by Manager prior to submission.

Loan Portfolio Management (MISC Group of Companies)

• Observe and monitor the quantitative financial covenants to ensure MISC is in compliance to the loan agreements.
• Calculate the indicative MISC Group financial covenants, according to the loan agreement requirement, based on the company’s financial results.
• Monitor the compliance of qualitative covenants (i.e. as required in the Representations and Undertaking clauses) on loan facilities undertaken by MISC Group.
• Submit the results of the quantitative (financial) covenants’ computation for certification by auditors (where required) before submission to the Facility Agent.
• If relevant, prepare the application letter to request for waiver on breach of financial covenant, and to follow through until approval is secured. This requires constant follow-up and discussion with the Agent Bank.
• Monitor the qualitative covenants (i.e. submission of financial statements, compliance certificate and insurance confirmation certificate on semi-annual basis to the facility agents/lenders) to ensure compliance at all times.
• Liaise with the Facility Agent on other administrative related matters of loan facility as well as collation of information from BUs/Subsidiaries when requested by Lenders to ensure compliance to the facility agreement.
• Prepare draft of the salient terms and conditions as basis of the inter-company loan agreement for management’s review and approval.
• Assist in the formalization of loan documents for MISC Group of Companies.
• Collaborate with the Legal Department to draft an inter-company loan agreement/promissory note.

Ad-hoc Controls and Procedures

• Assist in providing samples of relevant controls under Corporate Finance transactions to Financial Control Framework (FCF) team.
• Assist in preparation of Weighted Average Cost of Capital (WACC) for impairment assessment
• Extract and compile information on business competitors and other key elements in WACC computation for submission to Group Accounts, Financial Planning and Analysis (FP&A) team, business team and auditors.

REQUIREMENT & QUALIFICATION:

• At least 5 - 7 years of relevant work experience in Finance/ Treasury/ Accounting.
• Degree in Accounting/ Finance or other related professional qualifications.