URGENT HIRING – Assistant Manager Treasury
Job Role:–
Development and management of systems to effectively collect revenues and pay obligations.
Responsible for providing leadership and direction to ensure designated cash processing, reconciliation, and reporting functions are completed in a timely manner while in compliance with policy and regulations.
Specific Job Description:·
Direct cash management operations to include daily cash administration, management of current accounts and bank relations.·
Review and drives improvements in cash management, ensuring financial obligations are met in accordance with Company policies and procedures.
· Complete all cash management set-up documentation for new and existing department processes; prepare correspondence and proposals directed to and for cash management.·
Timely reconciliation of cash application and disbursements and monitor the accuracy finance chargers, interest charges and penalties. ·
Monitor cash transactions to ensure that bank account balances to the report and any unusual items are investigated.
· Forecast, monitor, and track cash flow (weekly, monthly, quarterly etc.).· Coordinate with Local payments team, procurement team to facilitate funding arrangements for local and foreign vendor payments and Prepares cash flow reports, identify and evaluates variances and initiate facility utilizations or borrowing requirements when necessary.
· Provide instructions and bank allocations to open LC’s and TT transactions·
Works with sales coordinators and the Accounts receivable team to accurately forecast timing and amount of future cash inflows weekly and monthly basis.
· Coordinate with Bank relationship managers and follow up with banks on the foreign currency payment settlements.· Preparation of Long term and Short-Term Borrowing settlement plans and negotiating rates and charges.·
Analyze bank facility utilization and initiate facility enhancement requests when necessary.·
Managing Company’s insurance related activities
Requirements:-
Previous experience in banking operations (trade services, Back office functions will be an added advantage)· Over 6 years of work experience in finance field and 4 to 5 years of experience in a similar field·
Strong connections with the banking sector ·
Full or partial qualification in CA, CIMA or ACCA with a bachelor’s degree in accounting/ Finance (Optional)· Excellent proficiency in business communication
APPLY NOW – rishinia@jfi.lk
Source:- jf & I packaging
