Treasury Associate

Job Responsibilities:

• Coordinate with business teams, (purchasing, accounts payable, etc.) to ensure smooth execution of the group requirements.
• Ensure the efficient management of the company’s bank accounts.
• Check and verify cash transactions, and also investigate and propose a possible resolution for any discrepancies.
• Take care of the cash management system of the company and its payment mechanism.
• Responsible for following up on financial proceedings, and ensuring tasks are completed on schedule.
• Process transactions for issuing LCs, amendment, cancellation, lodgment of claims, and payments within the limit as per the credit policy.
• Follow-up with procurement & finance team to execute bank transfers to meet supplier’s payment in a timely manner as per our agreements.
• Maintain accounts records for suppliers.
• Process transactions relating to advising, amendment, and cancellation of import letters of credit in compliance with the bank’s policies and procedures.
• Input transactions for advising, confirmation, amendment, and cancellation of import letters of credit on a timely basis.
• Settle value of commercial invoices, and ensure full funding coverage with finance to meet supplier’s commitments.
• Maintain credit facility exposure reports
• Prepare cash flow forecast and update on a daily basis.

·        Negotiate export L/C documents / Cash against documents with different banks, interact with confirming, discounting, and negotiating bank and follow up for collection as per L/C terms and conditions.

• Handle assignments of P.Os to banks
• Prepare and submit reports to monitor the workflow and payments condition