The Treasury Manager is responsible for the local Treasury function by monitoring and managing the business in its core pillars (cash, FX, trade/inventory financing including financing costs, credit risk, and bank relationships).
ESSENTIAL DUTIES
- Cash flows:
- Ensures the liquidity of the business units by managing daily cash; reviews daily cash position and approves inter-bank transfers.
- Owns the local cash flow forecast and coordinates submission to Region/Group as required.
- Ensures cash balances are optimized and excess over cash target set is repatriated to the Group.
- Works with Group/Regional Treasury to optimise cash/liquidity in the market and utilize domestic surplus of cash.
- Credit/Inventory Funding:
- Leads process for funding inventory through Supplier Related Credit; checks documents endorsed by AP and ensures SRC availment are timely and accurate (i.e., no duplicate payment made to OEM).
- Ensures the most efficient price for SRC funding are utilized, including derivative cost/s.
- Reviews and reconciles closing AP-bank (i.e., SRC availment) balances with banks on a regular basis (monthly, end of year).
- Notifies Regional Treasury for FX hedging SRC availments.
- Requests for intercompany funding when necessary.
- FX:
- Ensures appropriate hedging contracts are initiated to cover FX exposures as required by Treasury Policy; requests hedging contracts be booked by Regional Treasury.
- Ensures full compliance to hedge policy and reviews associated accounting impact of FX contracts.
- Strategic Treasury Initiatives:
- Works with region/group counterparts in support of strategic treasury initiatives.
- Liaises with banks to review emerging trends in Cash and Treasury.
- Others:
- Leads the renewal of facilities and credit lines, as well as other ancillary requests (line increases, new lines, etc).
- Manages local bank relationships and ensures appropriate distribution of business across relationship banks.
- Reviews bank structure and recommends opening/closure of bank accounts as needed.
- Search for new products/services, processes, technology, that generate savings and efficiencies.
QUALIFICATIONS
- College level, major in Business, Mathematics, Economics or related field.
- Previous Corporate Treasury or Banking experience required.
- Exposure to Global/Regional Treasury Operations an advantage.
- Licensure and Certification: Certified Treasury Professional or its equivalent.
KNOWLEDGE, SKILLS, AND ABILITIES
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.
- Knowledge:
- Philippine banking landscape.
- Trade financing.
- Cash management.
- Skills:
- Adept in Excel.
- Above average communication skills.
- Demonstrated negotiation skills.
HEALTH, SAFETY, AND ENVIRONMENT (HSE) ACCOUNTABILITIES
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
- The physical requirements of this position involve sedentary work, which involves sitting most of the time.
- Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects, including the human body.
- The worker is required to have close visual acuity to perform activities such as preparing and analyzing data and figures, and viewing a computer terminal.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
- Workstations located in air-conditioned offices with adequate lighting. Must perform work outdoors from time to time.
SUPERVISORY RESPONSIBILITY
Oversees the local Treasury organization.
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