Cash Management - Manager or Executive (Leading European MNC)
Our client is a leading European organisation and has 2 positions as expansion plans.
Depending on experience it could also be a lower budget for a treasury executive.
OVERALL SUMMARY
The role of this function is to:
- Manage the liquidity position of the Group, including effecting payments and monitoring receipts
- Responsible for all aspects relating to bank accounts and cash management platforms
Reporting into the Senior Manager Treasury
AREAS OF RESPONSIBILITY
- Reconciliation of cash/account balances (actual vs anticipated receipts) including foreign currency
- Maintaining up-to-date spreadsheets on a number of accounts
- Arranging payments and ensuring sufficient cash reserves for upcoming payments across various bank accounts including in foreign currencies
- Optimising interest income on cash balances, fixing money market deposits with banks/financial institutions
- Following up with banks on payments and receipts as well as general communication
- Checking bank charges and interest accrued (both credit and debit)
- Preparation of cash flow projections & reports.
- Maintenance/opening of bank accounts (including those pledged to banks)
- Updating details of bank accounts, authorized signatories, addresses etc.
- Responsible for all “Know Your Client” documentation
- Co-ordinating with banks the Annual Audit Confirmation required by Auditors
- Performing compliance checks on the payment transactions
- Keeping in constant contact with Principals, and other companies working for the same Principals
- Responsible for ensuring that cash/account balances are within counterparty limits
- For Cash Manager, mentoring/coaching of Treasury Executive, Cash Management (if any)
Qualification / Experience
- At least 5 years (for Cash Manager) in similar cash management function of a corporation
- At least 3 years (for Treasury Executive, Cash Management) in similar cash management function of a corporation
Degree in Finance/Accounting/Business
- Flair for numbers, meticulous and possess good planning skills
- Good communication skills – spoken and written English, and familiarity with banking terms as well as corporate secretarial requirements
Depending on experience this role could be executive or manager.