Key Responsibilities
- Cash Management & Liquidity Optimization
- Cash Flow Forecasting: Develop, maintain, and analyze short- and long-term cash flow forecasts to ensure sufficient liquidity for operational requirements and strategic initiatives.
- Banking Relationships: Serve as the primary contact for banking partners. Manage bank accounts, optimize banking structures, and negotiate favorable transaction fees and credit facilities.
- Fund Management: Oversee daily cash positioning, fund transfers, and disbursements. Ensure effective allocation of surplus funds in accordance with corporate investment policies.
- Treasury Controls: Maintain robust controls over electronic banking platforms, fund transfers, and signatory mandates to mitigate fraud and operational risks.
- Credit Risk & Accounts Receivable (AR) Management
- Credit Policy Management: Establish, review, and implement the corporate credit policy. Evaluate and approve credit limits for new and existing accounts using financial analysis and credit assessment tools.
- Collection Strategy: Develop and execute effective collection strategies to optimize cash collections, minimize Days Sales Outstanding (DSO), and reduce bad debt exposure.
- Dispute & Delinquency Resolution: Lead the resolution of complex billing disputes and delinquent accounts, coordinating with legal counsel or external collection agencies when appropriate.
- Risk Assessment: Monitor portfolio risk exposure, economic trends, and customer financial health to proactively recommend adjustments to credit terms.
- Team Leadership & Stakeholder Management
- Team Development: Lead and mentor treasury, credit, and collections teams, fostering a culture of accountability, collaboration, continuous improvement, and professional development.
- Cross-Functional Collaboration: Partner with Commercial and Sales teams to balance business growth objectives with sound credit risk management.
- Executive Reporting: Prepare treasury dashboards, DSO reports, and working capital analyses for senior leadership.
Key Performance Indicators (KPIs)
Success In This Role Will Be Measured Through
- Achievement and maintenance of target Days Sales Outstanding (DSO) levels.
- Cash Forecasting Accuracy based on variance between forecasted and actual cash positions.
- Collection Efficiency Index (CEI) performance.
- Effective Working Capital Optimization, including efficient cash utilization and management of financing costs.
Qualifications
- Preferably Bachelor's degree in Finance, Accounting, Economics, or a related business field; CPA, CMA, or similar certification is an advantage.
- Preferably with At least 57 years of experience in treasury, cash management, credit, and collections, with 23 years in a managerial role leading finance teams.
- Strong knowledge of banking operations, cash management, financial analysis, credit evaluation, and collections practices.
- Proficient in ERP systems (SAP, Oracle, NetSuite) and advanced financial modeling using spreadsheets.
- Excellent negotiation, leadership, strategic thinking, and conflict management skills, with the ability to manage banking relationships, optimize working capital, and perform effectively in a fast-paced environment.
