Accounts Executive – Treasury
(Biyagama)
A dedicated vertical of MAS Holdings, MAS Kreeda produces revolutionary high-performance sportswear for Nike- one of the leading sports brands in the world.
To assist the management of divisional funds in order to minimize cost of short-term funding and ensure effective funding of day-to-day operations by managing the accounts receivables, coordinating with banks & obtaining effective rerates for conversions.
KEY ACCOUNTABILITIES
- Manage the daily cash requirements by negotiating with the banks to obtain the best conversion rates to fund the daily cash requirements
- Assist the Non-Recourse Invoice Financing (NRIF) loan granting process to ensure that proper funding is available for the division.
- Assist the Manager – Treasury to invest in short term Fixed deposits by obtaining interest rates from different Banks in order to ensure that excess cash are invested effectively
- Obtain the documents relating to Letters of Credit (LC) from the Banks, ensure that all required signatories are completed and send the same to the Bank to be processed, thereby ensuring no delays in the process
- Assisting in carrying out monthly sales reconciliations in line with CSA requirements in order to ensure the accuracy of the sales information mentioned in the SAP system
- Assist the Financial Audits conducted on a yearly basis by providing information relating to the Accounts Receivables
- Assist in conducting the FSFE (First Sale for Export) audits done by the customer (Nike) by providing necessary documentation and information to ensure compliance with FSFE requirements
KNOWLEDGE AND SKILLS
- A fully/ part qualification in Finance, preferably CIMA
- 2 – 3 years of relevant work experience (Dealing with banks and financial institutions, knowledge on cash management, banking operations, trade finance)
- Communication Skills
- Interpersonal and Negotiating skills
Closing Date: 2023/12/31