the Cash Management Specialist role is to manage and execute company payment activities accurately and on time while safeguarding cash flow and ensuring compliance with internal controls and company policies. This role is responsible for preparing, processing, and monitoring payments, maintaining accurate cash records, and supporting effective cash management to ensure smooth daily financial operations.
What you will do:
- Execute payment and cash transfer activities for vendor payables, expense reimbursements, and employee receivables in a timely and accurate manner.
- Monitor daily cash flow, including forecasting cash requirements and supporting daily funding and financing decisions.
- Manage daily cash management operations, including bank accounts, current accounts, and bank relationships.
- Monitor bank service fees and address service quality or discrepancy issues with banking partners.
- Complete all cash management set-up documentation for new and existing department processes; prepare correspondence and proposals directed to and for cash management
- Timely reconciles cash application and disbursements
- Monitors cash transactions to ensure that bank account balances are reported and any unusual items are investigated
- Forecast daily cash requirements and execute daily financing decisions
- Execute branch cash-out processes and maintain minimum cash reserves in branch bank accounts.
- Maintain and control petty cash usage, including monitoring limits, proper documentation, and timely reconciliation.
You will fit in this job if you:
- Bachelor's degree or equivalent in accounting or finance.
- Minimum one-year professional experience and have experience in accounts payable or treasury operations.
- Strong technical knowledge in treasury operations.
- Strong knowledge of Microsoft Office applications.
- Having good skills in Excel is a must.
- Ability to solve technical or operational problems.
- Ability to communicate clearly and concisely, both orally and in writing.
- Ability to work both independently and as part of a team.
- Strong organizational and work prioritization skills and attention to detail.
- Have an experience and knowledge in ERP system such as Oracle or Netsuite is a plus.
