Scope and Responsibilities:
Fund Management
Manages fund including cashiering function, and allocation of funds.Undertakes sourcing of funds including borrowing from bank and other sources.Ensures proper recording, documenting and posting of all collections and disbursements.Monitors and controls bank balances and reconciliationsPreparation of reliable cash flow projection in coordination with other departments as to the receipts and disbursement.Checks the accuracy and completeness of all receipts and disbursement reports.Liasons and maintains harmonious relationship with banks and financial institutions.
LC/TR/Loans
Monitors LC/TR maturities.Maintain and updates LC/TR ledgers and computer files.Reconciles monthly LC/TR balances with bank.Coordinates with Logistics/Purchasing Dept. on LC transactions.Negotiates for best rates on LC/TRs/Fx and recommends for approval.Handles negotiations for import bills ad trust receipt bookings, maturities and payment.Handles and monitors maturities, renewal and documentation of bank facilities in coordination with CFO.Handles and monitors prompt remittance of LC/TR/Loan documents to the bank.Ensures that we have on our file a copy of all LC/TR/Loan documents to the bank.Monitor prompt payment and renewal of TR/Loan maturities.Facilitate and coordinates with the bank and other department for the submission of bank requirements needed for the renewal of the credit facilities.Prepare Credit Line Facility Report.Planning and OrganizingPrepare short-term and long-term group financial plans including cash flow projections to enable proper cash/funds planning in order to ensure availability of funds when needed. Prepares analysis on company's past, current and future cash position.Develops systems and procedure to strengthen internal control and audit in Treasury function.Develops a list of investments alternatives for mobilizing investible fund that will enable maximum yield/return while at the same time minimizing/avoiding risk.Develops and maintains effective organization unit that will ensure maximization of work done by fewest people at least cost, with greatest satisfaction to people doing work.Can prepare Proper documentation of process of the team
Leading and Controlling
Lead subordinates to ensure proper implementation of treasury policies and procedures.Monitors and enforce subordinates in the proper executions of their duties and responsibilities.Directs and implements investment of investible funds in accordance with approved investment policies and guidelines provided by the CEO/ CFODirects or undertakes the availment of bank lines taking into account the objective of lowering the cost of funds.Directs disbursements/payments of liabilities, expenses and other disbursement to ensure prompt payment to avail discounts or avoid penalties.Monitors procedures of the department to enforce internal control.Ensures safety and privacy of data.Implements and interprets policies to subordinates, monitors, and evaluates accounting practices and recommend ways to improve services and efficiency of the department.
Problem Solving
Provide accurate information and advise to Division Head in solving treasure related problems.Recommend appropriate proper solution to problem encountered.Review and develop treasury system and policies.
Decision Making
Recommend hiring, promotion, disciplining and termination of subordinates.Recommend sanctions that maybe imposed on subordinates who violate company rules and regulations.Submit performance appraisal of the subordinates as required by HR DeptRecommends proper fund sourcing to minimize cost
Other Adhoc activities that may be required of
Education and Training Requirements: 5+ years of cash management and treasury experience required.Management experience required.Cash accounting experience required.Bachelor's degree in Finance, Accounting, or related field; MBA or relevant postgraduate degree is a plusBank relationship experience a plus.Certified Treasury Professional Accreditation or Certified Public Accountant. Skills Requirements: Strong ethics and a high level of personal and professional integrityAdministrative experience dealing with budgets and managing various vendorsProficiency in verbal and written communication skills (ability to develop presentations and deliver information to various levels of management and executives)Proficiency in use of Microsoft Office (Excel, PowerPoint, Word)Project management