Cash Management Analyst

L'Oréal

Petaling Jaya, Selangor
Permanent
Full-time

27 days ago

Who we are?Change is the DNA of L'Oréal; we are constantly leading the beauty industry to go beyond. In 1909, we began as a small store selling hair dye. Today, we have a portfolio of 36 international brands and a global presence in 150 countries.At L'Oréal, there are 6 Zone Business Services Centers supporting the Group. Our L'Oréal Global Business Services, with mission of providing excellence Finance Services, improving operational performance and processes continuously resulted in world-class Finance Services and catalyst for Finance Process Transformation, and delivering top efficient and effective processes whilst maintaining integrity. In order to transform our vision into reality we are working on the following 3 mindset pillars: DO THE RIGHT THING, DO IT RIGHT AND DO IT BETTER.One of centers set up in Malaysia, we call it BEST in KL (BEST stands for Business Expertise, Services & Technologies), provides financial services to 20 markets within North Asia & SAPMENA (South Asia Pacific, Middle East & North Africa).Overview of the roleOptimizing cash management, cash flow financing and an enabler for investing of cash surplusesKey job responsibilitiesThe Cash Management Analyst is responsible for ;

Perform daily monitoring of bank balances in Treasury system, and perform reconciliation
Manage the web-banking applications and oversee in-house banking and pooling operations.
Ensure payments are approved and completed on time.
Maintain an information network (customer service, purchasing, marketing, and advertising, HR...) to forecast cash flow
Ensure the daily cash position is within the target balance after placement of term deposit/withdrawal of term loan with respective counterparty.
Implement a quick and regular reconciliation of the forecasts/actuals on the value date using the IT tools (Cash Report software)
Monitor the monthly actuals and preparation of Actual, Trend and Budget reporting. Explain the deviations to Zone/Group treasurers
Managing Bank Guarantee and Corporate card for respective country managed by the cash manager
Maintain the relationship with the banks in compliance with the Group Financial Charter, in particular the choice of banks, the choice of payment methods and collection, the monitoring and application of negotiated terms with bank
Ensure controls are in place to satisfy regulatory requirements in assigned jurisdictions
Liaise with banks and country to open, close, or manage bank accounts
Guarantee the security of operations and participates in the fight against fraud.
He / she reports directly to Cash Management Manager

Who we are looking for

3+ years of working experience in large multinationals or shared service centers environment
Has experience in dealing with group/regional management •
Has exposure to SAP
Min Bachelors Degree in Accounting and Finance
Ability to analyze P&L and Balance Sheet
Able to converse and present to different level stakeholders
Inter-personal skills
Fluent in English

L'Oréal

Apply Now