Treasury Associate

at  RS Hunter Ltd

• Establish and monitor all bank accounts as per the needs of the business and comply with the formalities required.
• Review and maintain cash floats at various working locations.
• Maintain a schedule of lease payments of assets leased and make the funds available for the same on due dates.
• Effect various payments to various parties, including indigenous and foreign suppliers on timely basis.
• Ensuring that the payments are made after due verification that they have been authorized by appropriate authority levels as per the company policies.
• Develop a system of confirmation of receipts by beneficiaries.
• Prepare monthly cash forecast and submit for review to Treasurer.
• Monitor bank charges and offer advice on various services offered by the bank, including remittance charges, interest on working capital, drafts etc.
• Ensure daily reconciliation of all bank accounts and clearing of all reconciling items within a reasonable time.
• Develop investment models for the available funds in various currencies and advise on the investment portfolio as per the company policy and Treasurer’s guidance.
• Develop reporting mechanism by which measurement can be done for effective utilization of funds and foreign exchange transactions.
• Monitor the working capital needs of the organization and liaise with the financial institutions.
• Maintain proper record and control over various financial instruments belonging to the company like bank guarantees, call deposit receipts etc.
• Manage the Group’s foreign exchange exposures with the guidance of the Treasury.
• Review and ensure that all bank reconciliations are accurate.
• Develop and maintain relationships in institutional unions, bankers and other finance companies.
• Ensure the sources and uses of funds across the organization are adequately matched.
• Diligently manage monetary risks such as interest rates, foreign exchange risks, liquidity risks, using hedging products where appropriateOther assignments as delegated by the Treasurer

Please refer the Job description for details