Greetings from Velesto Energy Berhad!
We are pleased to offer an opportunity for a seasoned professional to join our Finance Division.
About the Role
The Senior Manager of Group Treasury & Accounts Receivable is responsible for overseeing the group's treasury operations and accounts receivable functions, ensuring optimal cash flow, liquidity, and working capital management. This role reports directly to the CFO and plays a critical part in formulating and executing financial strategies that support the company's growth objectives. The Senior Manager will lead initiatives to streamline treasury processes. Manage banking relationships, optimize collections, and minimize credit risk across the organization.
Responsibilities
Treasury Management:
- Oversee daily cash management, forecasting, and short-term liquidity planning across all group entities.
- Manage banking relationships and ensure optimal utilization of banking facilities.
- Lead initiatives to improve cash visibility, automate treasury processes, and reduce idle cash.
- Monitor and report on currency and interest rate exposure; propose appropriate hedging strategies.
- Manage intercompany funding, cash pooling, and capital structure optimization.
- Ensure compliance with internal policies, banking covenants, and regulatory requirements.
Accounts Receivable Management:
- Lead and manage AR team to ensure timely invoicing, collections, and dispute resolution.
- Develop and enforce credit policies and credit risk assessment models for customers.
- Drive reduction in DSO (Days Sales Outstanding) and improve cash conversion cycles.
- Collaborate with sales and customer service teams to streamline billing and collection processes.
Strategic & Operational Support:
- Support the CFO with cash flow forecasting, treasury risk management strategies, and capital planning.
- Participate in financing initiatives including debt refinancing, working capital loans, etc.
- Coordinate internal and external audits for treasury and AR functions.
- Implement systems and tools to support real-time reporting, analytics, and controls.
- Mentor and develop a high-performing team within the treasury and AR functions.
Qualifications
- Educational Background: Bachelor's or Master's degree in Accounting, Finance, or a related field.
- Certifications: Chartered Accountant (CA), CPA, MBA (Finance), or equivalent qualification.
Required Skills
- Proficient in financial management software, enterprise resource planning (ERP) systems, and Microsoft Office Suite.
- Excellent analytical, problem-solving, and decision-making skills, with the ability to interpret complex financial data and communicate findings effectively.
- Strong leadership, interpersonal, and communication skills, with the ability to collaborate effectively with cross-functional teams and stakeholders at all levels.
- Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced, dynamic environment.
Experience
- 10+ years of relevant experience with at least 3 years in a managerial or leadership capacity.
- Strong knowledge of cash management, treasury systems, credit control, and risk management.
- Experience working in a group / corporate structure with international operations is preferred.
