Treasury Section Manager

JOB PURPOSE

This role directs the cash management activities for GABC and related entities, overseeing cash, liquidity and FX management, as well as managing cash operations.

JOB DUTIES AND RESPONSIBILITIES

• Oversees the entire cash management operations for GABC
• Ensures adequate cash balances are set in each bank account; studies possible investment options for excess liquidity; identifies frequency of transfers to and from bank accounts
• Prepares cash flow forecast to flag any funding gap; coordinates with the Finance Director and Parent Company on possible funding sources
• Reviews actuals vs. forecast to determine improvements in the cash flow forecasting process
• Oversees preparation of cashflow reports and cash plan, ensuring funds are available to support business needs.

• Ensures timely and accurate processing of disbursements.
• Verifies and reviews payments uploaded in the bank portal for approval; Performs security / system administration function for electronic banking instances
• Reviews and endorses foreign exchange trades (spot)
• Communicates with other teams (ex. Marketing) for any big-ticket, foreign currency payments
• Ensures complete and accurate issuance of GCs
• Attends to all Treasury-related accounting / month-end activities; directs the team for any exceptions related to the same

• Ensures timely and accurate monitoring of deposits.
• Liaises with internal customers (SOPC, ECOM) to determine requirements for payments acceptance and processing; Scans the market for new and emerging payment methods; reviews and implements new payment methods and other payment systems as aligned with management
• Reviews cash collection processes and procedures, ensuring cash is collected in the most efficient and cost effective manner

• Safeguards strong controls within the Store Ops / e-Com and Back Office functions in compliance with corporate policies; escalates control gaps to the Finance Director for remediation
• Ensures proper controls are administered in electronic banking portals by updating for any changes resulting from personnel movements, and reviewing access (actual vs. Board approved) from time-to-time
• Guarantees the update of bank signatories in a quick manner
• Ensures appropriate procedures are followed by Treasury staff, and all treasury activities are correctly recorded and accounting impacts are accurately reflected in financial statements.

• Safeguards strong controls within the Front and Back Office functions in compliance with corporate policies; escalates control gaps to the Finance Director for remediation
• Ensures proper controls are administered in electronic banking portals, assigning applicable user entitlements
• Reviews bank documents covering bank services and negotiates with relationship banks for any amendments on the same
• Ensures appropriate procedures are followed by Treasury staff, and all treasury activities are correctly recorded and accounting impacts are accurately reflected in financial statements.

• Bank relationship management – works closely with banks on loan requirements, facilities renewal, cash management services, and other operational requirements of physical stores, dotcoms and other GABC units; escalates to LHPI any item requiring group review / endorsement; Receives bank proposals for new cash management solutions and discusses the same with Finance Director
• People Management - Leads Treasury team by providing coaching, guidance and support to Treasury Specialists, Assistants and/or Supervisor
• Projects - Oversees implementation of new processes or improvements in coordination with internal and external partners.

QUALIFICATIONS

EDUCATION REQUIRED – College graduate of any business, management, economics or related course. Certified Public Accountant and Master’s Degree Holder an advantage.

EXPERIENCE – Minimum of 2 years’ experience in managerial / supervisory role.

COMPETENCIES:

• Knowledge in accounting concepts and principles as well as cash management principles and procedures.
• Must have advance knowledge in all Microsoft Office Applications and Excel Macros.
• Knowledge in using SAP.
• Knowledgeable in Financial report preparation.

• Excellent written and verbal communication skills.
• Excellent analytical skills and with a keen eye to details.
• Has the ability to multi-task.
• Has people management skills.
• Leadership skills.

• Customer focused and results-driven.
• Establish and maintain positive working relationships with others both internally and externally.
• High level of integrity.