Job Description
Financial reporting and analysis:
- Prepare daily current cash balance report with appropriate analysis and recommendations.
- Prepare cash flow analysis/presentation for the assigned territory (ies) on weekly basis.
- Prepare an FX report with a summary of the deals conducted during the reporting period to highlight FX transactions, gains or losses and any deviations from the average market rates.
- Prepare summary of outstanding debts, including interest rates, maturity dates & repayment schedules to manage cash effectively.
- Submit biweekly bank reconciliations.
- Provide support in meeting audit requirements and monthly closing for the fiscal year.
Bank Relationship:
- Maintain a strong relationship with the bank by timely responses to queries and emails and also attend bank meetings with Department Manager.
- Prepare and submit all the documents and reports needed for the renewal of the bank accounts
- Assist in preparation of the documentation and reports needed to open new credit facilities with banking entities.
- Assist in developing automation of payment platforms.
- Review and ensure cleaning up of the bank accounts across the region
Cash Management:
- Coordinate for relevant information related to cash inflow and outflows to prepare accurate short term and long terms cash flow projection.
- Monitor the daily cash flow and ensure sufficient liquidity for operational needs and also manage excess cash.
- Mitigate risk that impact cash flow such as currency fluctuation, interest rate changes etc.,
Compliance, technology, and systems:
- Verify payment instructions, bank account details and confirm legitimacy of payees to manage risk of fraudulent transactions.
- Develop and maintain detailed policies and procedures for Treasury, payment processing, including guidelines for authorization, verification and reconciliation.
