Cash Management - Manager or Executive (Leading European MNC)

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.