Title: Cash Management Specialist
The Cash Management Specialist is responsible for the timely and accurate monitoring and reporting of all cash management transactions and funds consolidation. This includes preparing and analyzing cash position and cash pooling reports. They assist in managing investments for excess funds. Additionally, they are responsible for accurately and promptly executing foreign and local bank payments.
Cash Position Preparation & Reporting
- Daily analysis and monitoring of all cash management-related transactions, including collections, payments, and fund transfers.
Funds Pooling and Consolidation
- Facilitates the sweeping of funds from various store/ other accounts to corporate accounts for disbursement purposes.
- Transmits fund transfer instructions via electronic banking systems.
Short-term Investment Management & MMP Portfolio
• Investment
Coordinates with partner banks.
Canvasses Rates
• MMP Portfolio
Monitors & Updates
Feedback and Issue Resolution
• Manages the monitoring and tracking of complaints/feedback and issue resolution in relation to Cash Management transactions.
• Coordination with partner banks/ Third party providers and concerned parties to resolve issues.
Manages the processing and validation of foreign and local requests for bank payment execution.
• Telegraphic Transfers
• Cross Boarder Transfers
• Domestic Transfers
• Capital infusion and investments
• Loan Principal and Interest
• Manager’s Check (Local Tax)
• Letter of Authorization (Utilities)
• Dollar Travel Fund
• Other electronic payments
Account Analysis and Reporting
• Cash Position Report
• Cash Pooling/Fund Transfers
• Other related Cash Management Reports
JOB QUALIFICATIONS
Educational Background: Bachelor’s Degree in Accounting (must-have)
Experience
Finance or Cash Management Operations in a Shared Services environment – at least 3 years • Preferably with exposure with US Customers
Skills and Essential Traits
Good interpersonal skills • Effective in communication skills, both oral and written. • Must be attentive to details • Analytical • Exercise Self-Audit • Must be computer literate
Working conditions
Must be able and willing to put up extra hours in his work especially during report deadlines. • Must be able to manage medium to high level of activity.