Job Description
Job Brief:
Operational (35%): Responsible for the issuing and recording of guarantees/letters of credit. Managing the opening and closing of bank accounts. Verification of deal details and related confirmations to the bank. Providing back up for the back-office team as required.
Strategic (65%): Supporting the team on process improvements within Treasury operations, including but not limited to;
a) Treasury management system enhancement/new implementation, including Direct SWIFT connectivity for bank balance reporting and payments. Other modules for deal booking, cash forecasting, reporting, market data and intercompany loans.
b) Treasury reporting, including covenant compliance, risk management reporting and database management.
c) FX & MM dealing process, including confirmations and settlement
d) Trade finance process (BG &LC’s) and system utilization
e) Intercompany loan bookings, utilization tracking and interest calculations
f) Bank account structures, optimizing use of relationship banks and tracking share of wallet
g) Treasury policy & procedures and establishing ways of working for Agility subsidiaries.
Your Responsibilities
Treasury Management System (TMS)
- Assist with implementation and or upgrade of Treasury Systems including linking with SWIFT
- Investigate and identify ways to optimize use of TMS for various functions to drive automation
- Assist with connectivity for bank balance reporting, payments and bringing in market data into the TMS.
Deal confirmations & Settlements
- Responsible for verification of deal details and related confirmations to the bank
Bank Transfers
- familiar and has experience with setting up MT101/ISO20022 payment connectivity with banks via a TMS
- Understands the end-to-end Treasury payments process including appropriate controls and segregation of duties.
Guarantees & Letter of Credit
- Validate approval, documentation and manage issuance of guarantees and letters of credit in support of business units’ commercial needs
- Follow up with banks for timely issuance and/or amendments
- Ensure accurate recording of guarantees / letters of credit into the TMS
- Follow up with the business units on maturing guarantees / letters of credit on further action
- Supporting the enhancement of the overall trade finance processes.
Bank Account Management
- Manage the opening and closing of bank accounts for different purposes
- Implement signatory matrices on the accounts
- Provide the bank with necessary legal documents to facilitate account opening process
- Optimizing the overall banking landscape, migrating to relationship banks and tracking share of wallet.
Treasury Reporting development
- Review current reports on overviews of cash positions, FX exposure, external debt, intercompany loans, outstanding guarantees, money market operations, and automate their output such that they are straight from the system
Treasury Projects
- Deliver on the strategic requirements as above
- Undertake specific projects within the treasury team when necessary, including but not limited to updating Treasury policies and procedures, upgrading Treasury systems, etc, as per the strategic requirements above
