Assistant Manager – Treasury Operations

Role Overview:

The Assistant Manager – Treasury Operations is a mid-level role designed to oversee and enhance key treasury processes while supporting strategic projects and compliance initiatives. This position will play a pivotal role in ensuring efficient operations, accurate reporting, and effective management of Group Treasury activities. Reporting directly to the Group Head of Treasury, the role involves a mix of operational oversight, project management, and quality control to drive treasury excellence in alignment with ESAG’s Vision 2025 objectives.

Responsibilities:

1. Cash Management:

• Acting back up to Group head in ensuring sufficient funds are available to meet the organization’s short-term requirements.
• Review and submit daily cash position reports to the Group Treasury Manager (GTM) and provide insights for optimization of cash utilization.

• Monitor and oversee cash forecasting accuracy, ensuring alignment with operational and strategic goals.

2. In-House Banking (IHB) Operations:

• Supervise the daily treasury reconciliations of Head Office and Group accounts.
• Ensure accurate and timely generation of reports for Group entities and Head Office.
• Serve as a primary escalation point for IHB-related queries from Group companies, offering resolutions and process improvements.

3. Payment Processing and Trade Finance:

• Oversee payment factory operations and ensure approvals are processed in accordance with internal mandates.
• Back up for Group Head for approving payments/ processes
• Manage the end-to-end month-end closing activities for treasury.

4. FX and Risk Management:

• Validate foreign exchange requests against exposures recorded in SAP.
• Oversee the preparation and distribution of monthly mark-to-market reports to Group entities.

5. Cash Forecasting and Variance Analysis:

• Assist Group Head in consolidating Group-level cash forecasts and generating variance reports.
• Assist Group Head in providing in-depth analysis and insights to support the Group’s liquidity management strategy.

6. Bank Relationship Management:

• Assist in reviewing the day-to-day banking requirements, including account openings, closures, and issue resolution as well as acting back up for  bank facility management.

7. Project Management:

• Provide comprehensive support in the implementation of ERP and Treasury Management System (TMS) enhancements for Group Treasury.
• Assist in conducting detailed analysis to identify process gaps and improvement opportunities, ensuring alignment with treasury objectives.
• Participate in hands-on reviews of system workflows, offering practical insights and feedback to improve functionality.
• Assist in creating thorough documentation, including process flows, user guides, and testing protocols.
• Facilitate system testing by preparing test cases, executing scenarios, and ensuring results align with project goals.
• Assist Group head in preparation of presentations to stakeholders, summarizing project updates, findings, and recommendations.
• Collaborate with cross-functional teams to ensure smooth implementation and transition of system enhancements.
• Assist in reviewing and updating treasury policies and procedures.

8. Quality Control and Compliance:

• Act as a quality control function to ensure accurate transaction processing.
• Provide an audit perspective on treasury-related activities and maintain compliance with regulatory requirements.

9. Ad Hoc Support:

• Address any additional requirements to ensure the smooth functioning of treasury operations

Skills and Competencies

• Educational Background : University Degree in Finance, Accounting, Economics or a related field is required.
• Professional Experience : At least 5 years of experience in treasury operations, including a minimum of 2 years in a Senior Analyst or equivalent role, with responsibilities similar to those of an Assistant Manager.
• Technical Expertise : Strong proficiency in ERP and Treasury Management System (TMS), with advances skills in Microsoft Excel and PowerPoint.
• Treasury Knowledge : In-depth understanding of cash management, foreign exchange (FX) and treasury operations, with a focus on accuracy and efficiency in high volume transactions.
• Analytical Skills : Excellent analytical and problem solving abilities to manage complex financial scenarios and support decision-making processes.
• Attention to Detail : Demonstrated ability to maintain precision and accuracy particularly in high pressure environments with significant transaction volumes.
• Communication and Leadership : Strong verbal and written communication skills, with proven capability to manage projects and collaborate with stakeholders at all levels.
• Project Management : Experience in contributing to treasury-related projects, ensuring timely execution and alignment with strategic goals.