Working Capital and Treasury, Assistant Manager

Working Capital and Treasury, Assistant Manager

It's never been a more exciting time to join Vistra.

At Vistra, our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business - to help our clients achieve progress without friction.

We are seeking a highly skilled and motivated Working Capital and Treasury Assistant Manager to join our finance team. The ideal candidate will be responsible for managing the company's working capital and treasury functions, ensuring liquidity, optimizing cash flow, and supporting strategic financial planning. Reporting to the Senior Finance Manager, this full-time and permanent position based in Kuala Lumpur requires strong analytical skills, attention to detail, and the ability to collaborate effectively across departments.

Key responsibilities:

Cash Management:

1. Monitor daily cash positions and forecast cash flow needs.
2. Develop and implement strategies to optimize cash reserves and working capital.
3. Oversee cash disbursement and collection processes.
4. Review and approve vendor payments, ensuring proper supporting documents and agreements in place in accordance with the company's delegation of authority (DOA) matrix.

Working Capital Optimization:

1. Analyze accounts receivable and accounts payable levels to enhance working capital efficiency.
2. Work closely with the collections team to develop strategies for improving collections and reducing DSO (Days Sales Outstanding).

Treasury Operations:

1. Manage banking relationships and negotiate terms for credit facilities and services.
2. Manage overall user banking access to banking portals and ensure bank mandates are up to date.
3. Ensure compliance with group's treasury policies and procedures.
4. Monitor and manage foreign exchange and interest rate risks.

Reporting and Analysis:

1. Weekly cash collection reporting to business unit leaders and senior management.
2. Prepare and analyze monthly aging reports for accounts receivable to identify overdue accounts and potential collection issues.
3. Monthly performance reporting to business unit leaders and senior management.
4. Monthly AR, WIP and DSO reporting for AFM reporting to group.
5. Monthly bank balance reporting and cash flow forecast to group treasury.
6. Support the annual budgeting and forecasting processes.

Service Tax Compliance:

1. Review and ensure accurate submission and timely service tax returns (Form SST-02) in accordance with regulatory deadlines.
2. Ensure compliance with Malaysian service tax regulations and guidelines issued by the Royal Malaysian Customs Department (RMCD).

Process Improvement:

1. Identify and implement best practices in cash management and working capital optimization.
2. Lead transformation projects aimed at enhancing treasury and working capital functions.

Team Leadership:

1. Provide mentorship and guidance to finance team members.
2. Foster a collaborative and high-performance culture within the team.

Qualifications:

1. Bachelor's degree in finance, Accounting; professional accounting certification is a plus.
2. 5+ years of experience in treasury, working capital management, or financial analysis preferred.
3. Strong understanding of cash management principles and working capital optimization strategies.
4. Proficient in Microsoft Excel.
5. Excellent communication and interpersonal skills, with the ability to influence and collaborate with cross-functional teams.
6. Strong analytical and problem-solving abilities, with keen attention to detail.

Company Benefits:

At our Malaysia office, we believe in putting our employees' well-being first! We offer a flexible hybrid working arrangement and comprehensive medical insurance and dental coverage, wellness allowance, and competitive annual leave entitlement to support your well-being and time to recharge or explore your passions out of work.

As advocates of continuous learning and professional development, we provide an internal mentorship program and reimburse professional membership fees for certifications like CA or ACCA, ensuring you stay ahead in your field.

If you are excited about working with us, we encourage you to apply or have a confidential chat with one of our Talent Acquisition team members. Our goal is to make this a great place to work where all our people can thrive. We hope you join us on this exciting journey!