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