Finance Executive - Regional Operational Treasury
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Weekly Cash Balance Report:
o Compile and analyze data from various banking platforms to report on the company's cash position.
o Identify trends in cash usage and provide insights for optimizing cash management.
• Cashflow Rolling Forecasting:
o Develop and maintain a rolling cash flow forecast to project future cash positions.
o Collaborate with various departments to gather forecasting information.
• Foreign Exchange Management:
o Monitor SGD/USD exchange rates daily and assess the company's exposure to currency risk.
o Initiate FOREX deals as necessary to hedge against currency risk in line with the company's financial policies.
• Loan and Fixed Deposit Management:
o Coordinate monthly loan drawdowns and manage the rollover of fixed deposits, ensuring favorable terms and compliance with contractual obligations.
• Banking and Payment Operations:
o Update bank mandates as needed to ensure compliance and operational efficiency.
o Prepare and authorize payment instructions, overseeing the payment processing to ensure transactions are executed correctly and on time.
o Manage operational treasury activities, ensuring optimal liquidity for daily operations and compliance with internal controls.
• Intercompany Financial Management:
o Prepare and issue monthly advances to intercompany entities, ensuring accuracy and compliance with intercompany agreements.
o Manage the preparation and distribution of monthly intercompany P&L and balance sheet reports for management reporting purposes (MRP).
o Execute billings related to intercompany loans, payments on behalf and other non-trade transactions ensuring transactions are recorded accurately and in a timely manner.
• Intercompany Transactions and Reconciliations:
o Oversee intercompany transactions, ensuring they are recorded and executed according to agreed terms.
o Perform monthly reconciliations of intercompany accounts, resolving any discrepancies in a timely manner.
• Month-End Financial Postings:
o Responsible for the accurate posting of journal entries related to treasury operations, including loan interest, bank reconciliations, and lease liabilities.
• Ad hoc matters
RELATED EXPERIENCE AND EDUCATIONAL REQUIREMENTS
Minimum requirements
- Bachelor’s degree in Finance, Accounting, or related field.
- Minimum of 3 years of accounting experience in manufacturing environment
- Proven experience in treasury operations, forex management, and financial reporting.
- Strong proficiency in SAP S4/Hana, SAP ECC and Microsoft Office
- Meticulous with good interpersonal and communication skills
- Good communication skills; requires communicating with different parties (internal & external).
