Job Openings Treasury Head

About the job Treasury Head

JOB SUMMARY / SPECIFIC ACCOUNTABILITIES:

  1. The Treasury Officer is generally tasked to ensure that all policies, guidelines, procedures and internal controls set by the management and other accounting policies are complied with and undertaken by the department.
  1. The Treasury Officer is primary tasked to manage the liquidity of the business/ bank. This means that all current and projected cash inflows and outflows must be monitored to ensure that there is sufficient cash to fund company operations, as well as to ensure that excess cash is properly invested. While accomplishing this, considerable prudence must be observed to ensure that existing assets are safeguarded through the use of safe forms of investment activities.
  1. The Treasury Officer shall ensure adherence to existing internal control procedures while maintaining the highest quality of service.

SPECIFIC DUTIES AND RESPONSILIBITIES:

  1. Management:
  1. Raises any recommendation or issues observed within the Treasury Department that need to be resolve and for immediate action especially it involves funds management of the company.
  2. Checks and consolidates loan accounting month-end reports which includes preparation of special reports requested by Management for the purpose of monitoring and data analysis.
  3. Supervises, directs, guides, trains, motivates and evaluates performance of his subordinates and formulates monitoring systems and control measures to improve efficiency.
  4. Ensures coordination of the statutory audits, either internal or external, and resolve all possible queries.
  5. Performs other related tasks as may be assigned by immediate superiors from time to time.
  1. Operation:
  1. Checks, monitors and send liquidity level daily report with summary of CTD maturing for the month to senior management (President, CAO, CFO, COO, VP-BBD, AVP-BBD).
  2. Directs & guides all units on proper documentation & correct signing authorities for all check request, RTGS, fund transfer, credit and debit memos.
  3. Ensures the efficient management of company's bank accounts maintained in all depository bank as well as the time deposit placement and investments.
  4. Provides inputs and advice to company which means recommending changes that will maximize revenue and profit
  5. Checks and sends daily liquidity status for loan release forecasting to CFO.
  6. Consolidated all branches CTD maturing for the month.
  7. Checks daily available balances via online banking for fund transfer and funding of all Loan Releases and other disbursement.
  8. Coordinates with accredited bills payment facility (bayad center, cebuana)
  9. Facilitates in opening an account with Bureau of Treasury thru secondary market for Government securities placement, opening/placement of investment in bonds and other debt instrument and updating of bank signatory in coordination with the corporate secretary.
  10. Prepares daily summary of deposit balance (Consolidated and per Branch).
  11. Handles bank confirmation letter for audit purposes.
  12. Prepares check request for payments and funding of BSP reserved requirement.
  13. Prepares requirements on opening, updating and closing of bank accounts if any.
  14. Sends report of WRRAR (weekly reserve requirement) to BSP on or before the deadline.
  15. Sends liquidity status and available fund report to senior management daily thru email.
  16. Mostly serves as the representative of the company to all depository banks more particularly on the opening, updating and closing of accounts after the signatories signed an authorization letter.
  17. Performs other functions as maybe assigned from time to time according to the established productivity and service quality standards.
  1. Custodianship:
  1. Custodianship of all the certificate of time deposits, passbooks, statement of accounts, filed checks already en-cash, online banking facilities and upload files of collection sent thru email by the tie up partners on bills payment facility availments of the bank as well as all other pertinent documents.
  2. Safekeeping all schedules and reports of Treaury Department either hard copy or soft copy.
  3. Copy of Board Resolution approval regarding treasury related transaction.
  4. Company issued equipments
  1. General Authority:
    1. The Treasury Officer is authorized to communicate and question depository bank for transaction deemed unclear that has to be clarified and verified as the need arise. Authorized to request validated copy of RTGS and DTT transactions.
  1. One of the authorized representatives to pick up the following documents:
    1. Bank Statements together with cancelled checks/ managers check/ inward checks/ returned checks; debit and credit memos;
    2. Pre-ordered checkbooks;
    3. Other related papers pertaining to any and/or all transactions with the Bank.
  1. Monitoring and Reporting:
  1. Maintains all investment records, schedules and registers.
  2. Manages all bank accounts to avoid dormancy.
  3. Monitors available bank fund balance and bank available balances for payroll, BIR and Other Purpose.
  4. Manages government securities and IBODI.(maturing & Placement) per approval and discussion with CFO & CAO.
  5. Monitors MSPR application and renewal.
  6. Submits WRRAR to BSP.
  8. Accounting and Reconciliation
  9. Informs and sends necessary online bank transaction to accounting department and report for income recognize from investment and due from banks for recording purposes.
  10. Coordinates with the General Accounting and Loan Posting Team to ensure that all floating items from bills payment facilities are reported to respective payment partners to get the additional required information to dispose the float items.
  11. Requests BIR Form 2307 from investment parties for withholding income generated from investment and due to bank transaction.

COMPETENCIES:

  1. Managing Processes
  2. People Management
  3. Communication Proficiency
  4. Customer/Client Focus.
  5. Decision Making
  6. Results Driven
  7. Organizational skills
  8. Analytical Skills
  9. Detail Oriented

WORKING RELATIONS:

  1. Internal Interactions All Divisions/Departments.
  2. External Interactions Depository banks, tie up partners and borrowers (regarding Treasury Dept. matter only), external auditors, BSP/PDIC.

QUALIFICATION GUIDELINES:

Education

:

Must possess at least a Bachelor/College Degree in Business Studies / Accountancy/Banking and Finance or equivalent.

Experience

:

Preferably 3 years of successful and verifiable experience in fund management and other treasury transactions preferably in a banking industry

Others

:

Must have vast knowledge in investment portfolio management. Must have the ability to analyze accounting records and adopt methods needed to solve accounting problems. Must have understanding of the regulatory and compliance requirements applicable to corporate banking. Knowledgeable in computerized accounting applications and systems.


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