Manager, Group Treasury

Posted On: January 29, 2024
Location: Kuala Lumpur
Job Function: Finance & Accounting
Employment Type: Permanent

DUTIES & RESPONSIBILITIES

The role entails the management and control of group-wide Treasury policies and procedures. It includes (i) clear, concise and timely communication of all requirements, (ii) comprehensive and effective monitoring process, and (iii) complete and timely reporting process. Any exceptions to agreed procedures must be managed upfront.

Below is an overview of the job scope, but depending on business requirements, they may be modified as required.

  • Group Bank/Debt Facilities Management:
    1. Maintain and monitor bank/debt facilities (including bank guarantees), utilization/drawdown procedures, roll-over of working capital facilities, repayment schedule on maturity date and interest charges. 
    2. Facilitate banking review process with the lending banks.
    3. Participate in the review of any potential facilities/arrangements/fund raising.  
    4. Liaise with financial institutions/facility agents on loans related reporting requirements/issues.
    5. Monitor compliance of loan covenants (financial and non-financial covenants). 
  • Group Liquidity Management:
    1. Co-ordinate Group cash flow management (including allocation of funds among Group subsidiaries) and funding requirements to assist in ensuring sufficient funds are available to fulfil the Group’s financial commitments.
    2. Money market/deposit placements – identify excess funds for placement or auto sweeping arrangement with banks at best negotiated interest rates (assess, coordinate, negotiate with banks and instruct respective subsidiaries).
    3. Manage cash management system/internet banking and maintenance of bank accounts.
    4. Manage cash pooling activities for the Group to ensure all excess cash are invested or being mobilised internally to minimize financial expenses.
    5. Liaise with the financial institutions on banking related issues.
    6. Monitor cash forecast and report any deviation on a timely basis to the Economics and Business Planning Department (including inter-company fund movements). 
    7. Participate in preparation of Group/departmental cash flow forecasts. 
    8. Monitoring forex transactions, if necessary.
  • Accounting:
    1. Support the month-end process where applicable.
    2. Oversight of monthly bank reconciliation for the Group. 
    3. Support annual audits by managing information and responses to external auditors.
  • Compliance, Risk Management and Other Reporting Functions:
    1. Ensures policies and procedures meet the Group’s objectives and regulatory body requirements. 
    2. Prepares management and Board reports/materials.
    3. Liaise with senior management across the organization.
    4. Analyse various scenarios and risks and reporting to senior management.
    5. BNM reporting.
  • Group Hedging Monitoring:

The Group currently does not hedge any of its exposures, but should hedging activities are undertaken:

  1. Prepare hedging policy, procedures, and documentation necessary for Board approval.
  2. ISDA negotiation and documentation.
  3. Managing forex and profit/interest rate exposure according to the approved hedging policy.
  4. Monitoring daily movement of USD/MYR and USD/GBP rate to ensure minimal impact on the movement of FCY exchange rate.
  5. To assist in commodities hedging, if any.
  6. Monthly marked-to-market valuation and reporting.
  7. Forex risk management and development of foreign exchange risk mitigation strategies.
  8. Interest rate risk management and development of risk mitigation strategies.

 

REQUIREMENTS AND QUALIFICATIONS

  • Possess a professional qualification from an internationally accepted accounting body (e.g. ICAEW, ACCA, MICPA, CPA etc.) or Degree in Accounting
  • At least 10 years relevant working experience, with a minimum 3 years’ experience in management role
  • Experience in mergers and acquisition exercises, including due diligence scope. 
  • Able to lead and meet deadlines for multiple priorities and projects drawing on disciplines from finance and project management. 
  • Able to work under pressure, work independently to meet reporting deadlines and meet tight deadlines.
  • Detail oriented and able to be hands on in preparation of deliverables.
  • Self-motivated and able to work in a team. 
  • A self-starter, proactive, meticulous, well organized and possesses strong analytical, leadership and interpersonal skills.
  • Fluent in English (both verbal and written)
  • Added advantage:
    • Strong understanding and relevant experience of the oil & gas upstream (E&P) industry
    • Understanding of requirements of public listed environment in Malaysia

 

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