Who are we
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 Centres supporting the Group. Our ambition is to grow the finance department of the future at L'Oréal and provide world-class services to the Group.
Come join us in our quest of being the #1 BeautyTech Company!
Overview of the role
We are seeking a skilled Treasury Specialist with 3-4 years of relevant experience to join our BEST team in KL. This role encompasses a broad range of treasury operational tasks, including daily cash management, bank relationship management, payment processing, foreign exchange transactions, and compliance activities.
Key Responsibilities
Cash Management
- Perform daily reconciliations between forecast and actuals within the treasury management system (Diapason), execute bank transfers, prepare cash flow forecasts, investigate and resolve payment/AR rejections, provide bank statements to relevant stakeholders. Report actual bank balances to CFO, process ad-hoc payments, upload and validate bank statements in Diapason.
- Manage and track deposit and loan details in Diapason, prepare loan and term deposit documentation, provide weekly cash flow forecasts.
- Prepare and analyze the rolling 3-week cash flow forecast to ensure accurate liquidity management.
- Work closely with the Treasury Analytical team and apply the inputs on Cashflow trends/budgets received from the trend/budget cashflows for the preparation of 3 weeks. Collaborative culture with Analytical team is expected.
Bank Relationship and Accounts Management
- Manage bank accounts (opening/closing), collaborating with bank relationship managers and ensuring adherence to internal procedures and regulatory requirements, updating bank account information in relevant internal systems.
- Identify opportunities for new banking products and services. Manage Know Your Customer (KYC) requests from banks, ensuring timely submission of required documentation and maintaining up-to-date records. This includes managing the annual KYC update process and responding to ad-hoc requests.
- Oversee the maintenance of banking powers with local banks and within L'Oréal's internal systems, ensuring proper authorization and control.
Foreign Exchange (FX) Management
- Ensure the proper identification of FX exposure and execute spot/forward FX deals (buy/sell FCY), prepare declaration letters, supporting documentation for spot deals and other relevant reporting.
Payment Control
- Validate daily payment runs against bank records (e.g., web banking), manage rejected payments, and communicate effectively with internal teams and banks to resolve issues.
- Monitor and manage the expiration of bank certificates, ensuring timely renewals.
- Process urgent payments following the appropriate approval channels.
Guarantee Management & Corporate Card Management
- Manage the end-to-end process for various types of bank guarantees ensuring adherence to internal policies and procedures, includes preparing necessary documentation, coordinating with relevant parties, and maintaining accurate records.
- Corporate Card management and handle the maintenance requests.
- Other Operational Task
- Develop SOPs, continue improve the process the operational performance.
- Preparation presentation slides and reports per request
- Collaborate with multiple stakeholders to ensure process compliance and smooth operations.
- Supporting projects initiated within BEST, Zone and Group.
Who we are looking for
- 3+ years in-depth finance expertise
- 1-3 years’ experience in treasury, accounting, finance, auditing, or Business Management in a rapidly growing business, 5years above experience for Sr. Specialist role
- Knowledge of treasury operations and payments systems
- Must be proactive team-member with the ability to thrive in a dynamic, fast-paced, deadline driven work environment.
- Strong learning agility and be able to adapt with change.
- ACCA/CPA or equivalent is a plus
- English fluent
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