APAC – Regional Cash Manager

Our client is a large and well known MNC based in Singapore. A true multinational manufacturer (Automobil)

The Regional Cash Manager manages a team of Cash Managers within the Regional Treasury Center to provide centralized and standardized treasury processes to all affiliate companies within the zone.

With the support of his/her team of Cash Managers, he/she is responsible to ensure for all affiliate companies in the zone:
Liquidity structure optimization – daily operation and initiate optimization projects

Secure cash management processes

Identifying and negotiating at best price all local banking services

Monitors Zero Treasury Costs

Ensure the quality of 5 days, one month and three months forecasts

Enhancing cash-management processes

Ensures dissemination of good practices and promotes exchange of experience

He/she leads projects on cash management optimization, and is also designated as the key user of Quantum Treasury Management System for the zone.

The Regional Cash Manager is under the hierarchical authority of the Zone Corporate Treasurer.

KEY EXPECTED ACHIEVEMENTS

1. Company financing anticipated and put in place in accordance with Group rules.

2. Accounting currency result zero.

3. Bank account daily balances close to zero.

4. Reliable 1-day to 3-month cash flow forecast.

5. Standardized and secure cash flow processes; daily bank reconciliation.

PERFORMANCE MEASUREMENT

➢ Treasury management indicators: zero cash, absolute value of forex result, forecast quality, financial expenses and bank charges

➢ Internal control and audit compliance

➢ Variance from standard

➢ Procedures drafted and up-to-date

MAIN ACTIVITIES

As part of implementation of Group financing policy and local rules, the Regional Cash Manager ensures that his/her team of Cash Managers effectively supports all affiliate companies in the zone through:

➢ Handles short-term investments and financings

➢ Ensures hedging against currency and liquidity risk: detects and assesses currency risks, hedges them or has them hedged in compliance with procedures

➢ Prepares cash flow forecasts and warns of liquidity risk situations

➢ Optimizes all treasury costs in accordance with Group Finance Department guidelines (zero cash and bank charges)

➢ Applies Group bank policy and negotiates terms of finance and local services with banks

➢ Ensures execution of transactions with external counterparties at the best price

➢ Manages cash inflows and outflows of bank accounts: frequency, execution, control

➢ Is guarantor of payments security, ensuring that procedures are in place before payment to prevent fraud or errors (keeping of a register of signatures in accordance with bank powers of attorney, account opening and closing, selection and validation of means of payment, cash registers, storage of check books, separation of duties, etc.)

FINANCE PROFESSIONAL COMPETENCIES

– Accounting and Reporting
– Capital Markets
– Cash management
– Corporate Finance
– Debt Management
– Financial Risk Management
– Information Management
– Fraud Detection and Control
– Internal control and risk management

BEHAVIORAL COMPETENCIES

– Achievement Orientation
– Analytical Thinking
– Attention to Detail
– Bridging Cultures
– Work Ethics and Values

Other requirements:
– Degree in Finance/Business/Accounting
– 10 years’ experience in Treasury Cash Management
– Able to lead a team of Cash Managers
– Good communication skills (both spoken and written)
– Good computer skills. Experience with Quantum (Treasury Management system) is an advantage.
– Team player

LANGUAGES

English

If you feel that you could be a suitable fit for this challenging position based in Singapore kindly email your updated CV to career@profession.asia

Alternatively for a faster correspondence kindly WhatsApp +60142626242