JOB OBJECTIVIE:
Responsible for overseeing the company’s cash management activities and banking transactions. Manages the day-to-day operational treasury activities and develop treasury management systems to ensure control and internal procedures are adequate. It includes liquidity and cash flow management, budgeting and expense monitoring, accounts payable oversight, treasury and management reporting, bank relations and credit line management, asset security and documentation control, process improvement and policy development, and lastly, leadership and team management.
DUTIES AND RESPONSIBILITIES:
1. Liquidity and Cash Flow Management
· Monitors daily funding and cash position to ensure sufficient liquidity for loan disbursements and operational expenses.
· Manages interbank transfers, placements, and loan availments.
· Prepares and analyzes cash flow forecasts to anticipate funding needs.
· Supervises overall cash inflows and outflows, and facilitates funding requests from banks, investors, or owners.
2. Budgeting and Expense Monitoring
· Reviews and consolidates monthly operating expense budgets across departments.
· Analyzes budget variances and reports utilization to management with actionable insights.
3. Accounts Payable Oversight
· Ensures timely and accurate payments in accordance with agreed terms.
· Monitors aging of payables to avoid delays and penalties.
4. Treasury and Management Reporting
· Prepares and submits weekly cash flow forecasts to the Group Treasurer.
· Reports funding updates and requirements to the Executive Committee.
· Provides Treasury operations updates to the Management Committee.
5. Bank Relations and Credit Line Management
· Requests and negotiates new credit line facilities and ensures timely renewal of existing lines.
· Monitors compliance with financial covenants and average daily balance requirements.
· Coordinates opening and annual updating of current accounts and signatory lists.
· Recommends waivers for penalties due to bank or processing errors.
· Facilitates any requests related to the financing of employee car plan.
6. Asset Security and Documentation Control
· Ensures safekeeping of contracts, cash, checks, post-dated checks, and other accountable forms in the Treasury vault.
· Maintains confidentiality of the vault combination.
· Verifies that all financial transactions are supported by complete and valid documentation.
· Coordinates with Legal and Compliance to ensure contracts meet internal standards and regulatory requirements.
7. Process Improvement and Policy Development
· Recommends and implements cash management policies and systems to streamline operations.
· Proposes policies that safeguard company resources and enhance treasury efficiency.
8. Leadership and Team Management
· Leads and develops the Treasury team by setting goals, assigning tasks, and providing coaching and feedback.
· Conducts performance evaluations and recommends appropriate personnel actions, including hiring, training, and disciplinary measures.
· Ensures staff are trained and updated on new systems, policies, and procedures.
· Reviews and validates treasury reports such as Daily Collection Remittance Report, Petty Cash Replenishment, Deposited Check Report, and Bounced Check Report.
· Addresses borrower inquiries and complaints by coordinating with banks, branches, or relevant parties for resolution.
9. Other Responsibilities
· Performs other related functions as assigned by higher management.
JOB SPECIFICATIONS:
1. Education & Certification
o Must be a Certified Public Accountant (CPA).
2. Work Experience
o Minimum of five (5) years of professional experience in Treasury or Accounting.
o At least two (2) years in a managerial or supervisory capacity.
3. Technical Knowledge & Skills
o Strong understanding of cash handling systems, treasury operations, and related processes.
o Extensive experience in managing credit lines and corporate notes, including renewals, compliance monitoring, and documentation.
o Proficient in policy and procedure evaluation, formulation, and implementation.
o Advanced mathematical, analytical, planning, and organizational skills.
o Highly detail-oriented and meticulous in preparing documentation.
o Computer-proficient, with working knowledge of relevant financial systems and tools.
4. Behavioral Competencies
o Demonstrates a high level of integrity, professionalism, and loyalty.
o Quality- and process-minded, with a proactive approach to problem-solving.
o Possesses strong interpersonal skills; able to collaborate effectively with internal teams and external stakeholders.