About this role:
We are currently seeking a Finance Assistant (Treasury Operations) to join our finance team and contribute to our ongoing growth and success.
The Finance Assistant (Treasury Operations) plays a critical role in managing and optimizing the company's financial resources and ensuring efficient treasury operations. This role will be responsible for daily cash management, banking relationships, liquidity management, and financial risk mitigation. The Treasury Operations Specialist will work closely with cross-functional teams to support the company's financial goals and objectives.
Key Responsibilities:
Cash Management:
- Monitor daily cash positions and perform cash forecasting to ensure adequate liquidity for operational needs.
- Execute fund transfers, manage disbursements, and process cash receipts efficiently.
- Optimize cash flow processes to reduce idle cash and improve investment returns.
Banking and Relationship Management:
- Manage relationships with banks and financial institutions.
- Negotiate banking agreements, fees, and services to secure favorable terms.
- Stay updated on industry trends and best practices in treasury management.
Liquidity Management:
- Develop and implement liquidity management strategies to maintain optimal working capital levels.
- Evaluate short-term investment opportunities to maximize returns while preserving capital.
Financial Risk Management:
- Identify and assess financial risks, such as interest rate, currency, and credit risk.
- Implement hedging strategies to mitigate exposure to adverse market conditions.
Compliance and Reporting:
- Ensure compliance with regulatory requirements and internal policies.
- Prepare and submit periodic reports on treasury activities, including cash flow forecasts and financial risk exposure.
Cross-Functional Collaboration:
- Collaborate with accounting, finance, and other departments to support financial planning and decision-making.
- Provide treasury expertise and guidance to cross-functional teams on various projects and initiatives.
Requirements:
- Diploma/bachelor's degree in finance, accounting, or a related field
- 1+ years of experience in accounting experience in accounts payable, treasury operations or related financial roles within a consumer goods or manufacturing company.
- Strong understanding of treasury management principles, cash flow forecasting, and financial risk management.
- Proficiency in using treasury management systems and financial software.
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Ability to work in a fast-paced environment and manage multiple priorities effectively.
- Attention to detail and a high level of accuracy in financial analysis and reporting.