Job Title: Assistant Finance Manager - Treasury
Location: Singapore
Reports to: Finance Operations Manager
Business Context
Unilever Asia Private Limited (UAPL) is one of Unilever’s Global Operating Hubs based in Singapore.
As part of its hub structure, UAPL hosts several key centralised business models (CBMs) under its roof - namely Unilever International, Global Procurement Operations for Raw Material and Finished Goods, Global Commodity Risk Management and the Global Marketing Category/Brand teams.
Brief
UAPL Finance is recruiting an Assistant Finance Manager - Treasury reporting directly to the UAPL Finance Operations Manager within the Controllers team. He/She will be the main Treasury lead for UAPL whose role will involve both managing of Treasury Operations as well as implementing Strategic initiatives as driven by Global or business-initiated requirements.
The successful candidate will be supported by an offshore team and will also be in regular contact with the Global Treasury team on strategic initiatives and ongoing policy update and compliance.
This role will require engagement beyond Finance and active involvement in strategic initiatives and projects. This will involve regular interactions with various stakeholders across the different business models and also externally with Unilever’s partner banks and insurance providers, thus providing visibility and an excellent learning ground for the individual to strive and succeed.
Main Accountabilities
Exposure management
Manage FX exposure across the different business models under UAPL. These include:
- Monitor and manage forex exposure within exposure limit; manage forward covers within existing authority limits and pro-actively consult beyond these limits
- Continuously improve on forecast basis of hedging and provide better hedging analytics
- Responsible for observing Forex limits and ensuring compliance to global treasury policies
- Ensure all transactions are completed in accordance with the Schedule of Authorities and are properly documented.
Lead Cash Forecasting and Liquidity Management
Ensure Unilever’s financial assets are safe guarded and used efficiently. These include:
- Lead and review cash forecasting for UAPL across the short, medium and long-term and planning relevant funding requirements.
- Evaluate opportunities to maximize long-term returns on excess liquidity.
- Partner the colleagues from various Business Models to drive improvements in working capital by highlighting opportunities to extend supplier financing for other currency purchases and support in extracting favorable financing rates for the business.
- Identify opportunities for cost savings or increase returns on excess cash.
Banking
- Lead and work with Global Treasury to ensure adequate facilities are available to meet existing and future business funds requirements
- Develop and maintain effective operational network with key Banks/Financial Institutions to ensure smooth operations and harness opportunities
- Responsible for administer role for Bank related systems (HSBCNet) and Payment Schedule of Authority
- Co-ordinate and ensure documentation in place to transact with Banks (facilities letter, documentation, director's resolution etc)
Financial Accounting
Ensure accurate and timely internal reporting for both statutory and internal reporting of the Treasury function. These include:
- Manage Cap Gemini (offshore team) for Treasury outsourced activities.
- Review journals on Interest charges, bank charges, Unilever Finance International (UFI) sweep and fund transactions, Loans, FX differences arising out of settled FX contracts, settlement of payments and collections, revaluation & mark to market on open FX contracts.
- Analyze and ensure timely completion of Treasury reports (FX exposures, currency trends, Cash Forecast, actual cash flows; hedging requirements).
Governance and Compliance
Maintain policies and procedures that impose an adequate level of control over treasury operations. These include:
- Responsible for the Treasury Policy compliance and the simplification of the actual operation, aligning to the Global Model.
- Responsible for liaising with audit teams on OCA, SOX, Corporate and external audits for all treasury areas
- Lead monthly reviews with Cap Gemini to ensure quality delivery of outsourced operations and to progress on the agreed continuous improvement initiatives to deliver best in class process
Insurance Management
As the key liaison to the global team and external service providers, responsible for insurance and risk management areas and provide decision support and financial insight of insurable operational and hazard risks to UAPL
- Completion of annual Global Insurance collection for UAPL and ensuring all subsequent questions are resolved so that adequate coverage is retained.
- Responsible for supporting stakeholders in claims and liaising with service providers on all insurance matters.
The roles of duties are not exhaustive and may change according to business requirements.
Minimum Requirements:
- Degree in Accounting/ACCA/Finance
- Keen interest and prior knowledge from similar Treasury role
- Experience in leading and managing outsourced teams.
Experience Required:
- Prior experience in Treasury is key
- Additional experience in Compliance/Audit roles is beneficial
- A high degree of integrity, personal self-discipline and a strong work ethic.
- Strong communication skills and ability to respond and deliver under pressure
- Highly numerate and analytical
- High level of self-confident integrity
- Excellent project management and analytical skills
- Must be a team player with a positive attitude and open mind.
