Location:
Suzhou, JS, CN, 205124
Function: Finance
Employment type: Full Time
Required experience: Experienced - over 5 years
Reference ID: 73355
ISP CHINA TREASURY MANAGER
Areas of responsibility
Risk Assessment & Monitoring:
- Timely information procurement about business prospects based on credit reporting agencies, market and economic conditions and other sources
- Evaluate received information and request internal agreement, if necessary (internal agreement policy)
- Manage cash-in actuals and forecast
- Review and maintenance of granted insurer credit limits to potential and existing customers
- Push for higher insured limits with insurer when needed
- Continually measure and evaluate existing customer payment performance to validate appropriate credit lines and payment terms – critical appraisal and support of payment terms and credit limits
- Advises financial management on major customer exposures and risks and recommend and implement action plans, while maintaining customer relationships and highest practical sales volumes
- Utilizes credit management tools that are most appropriate for the risk assessed (credit insurance, payment in advance, L/C, bank guarantees etc.)
Cash Management:
- In charge of FX & Metal deals reconciliations, validations & settlement
- Performing Bank accounting reconciliation and monthly closing
- Contributing to the relationship with internal customers & partner banks
- Contributing to various projects as integration of new entities in the Payment Factory, Bank RFP, … Contributing to banking and brokerage fees and interest reconciliation.
- To handle dunning process and collections
- Decide on legal actions towards customers in case of non-payment. Coordinate with Sales and/or Financial department.
- Conduct monthly cash plan forecasts - to improve the financial position (cash flow)
- Daily FX input and metal Market Data broadcast
Define and enforce efficient routines/processes:
- To establish and continually evaluate effectiveness of current credit and collection policies and procedures and ensuring they are aligned with corporate and current local and legal directives and business strategies.
- Proactive approach
- Use of best available standard Tools
- Coordination of interfaces
- Continuous improvements
Expected results
- To monitor a global view of the cash position of the group
- To reconcile all daily operations for FX and metal with banks and brokers
- To limit impact of non-reconciled items
- To manage the cost of bank and brokerage fees (in order to reduce it as much as possible
- Having efficient & trustful relationship with partner banks/ entities
- Respect of deadlines, responsiveness, timeliness and accurate follow up
- Team work
Required skills and qualifications
- Recognized University Degree in Business or equivalent
- At least 10 years of successful management experiences in credit and collections in an international environment
- Excellent knowledge of ERP system,
- Credit Designation and other ongoing related continuing education an assets
- Excellent Microsoft office skills, including Excel spreadsheet modeling and PowerPoint charts, Power BI will be a plus
- Accounting knowledge in the receivable field highly appreciated
- Excellent verbal, written and presentation skills
- Excellent interpersonal, team oriented, negotiation, analytical and problem solving skills
- Ability to work independently, to prioritize work, to manage time efficiently, to delegate to direct reports when appropriate support function cost
- High working capacity to cope with occasional peaks of activity (quarterly closing).
- Cash oriented person
- Highly detailed oriented, organized; Must be able to provide accurate and reliable information
- Management capabilities
- General business and operations knowledge to apply fitter credit management tools
- Able to develop and maintain credibility with internal and external customers
