Finance & Accounting - Supt., Treasury & Cash Management

Freeport Indonesia; Daerah Khusus Ibukota Jakarta; On-site; IDR 200.000.000 - 300.000.000; Full time

Job summary

A prominent mining company in Jakarta is seeking a Superintendent for Treasury & Cash Management. The role involves oversight of treasury operations, ensuring compliance with internal controls, and effective cash management. Ideal candidates should possess a Bachelor's degree in finance or accounting and have at least 5 years of relevant experience, preferably in the Treasury or Banking Industry. The position offers an opportunity to work in a dynamic environment, requiring strong analytical and communication skills.

Qualifications

• 5 years of related experience in financial services or fund administration.
• Experience in Treasury or Banking Industry is advantageous.
• Ability to manage daily liquidity needs.

Responsibilities

• Monitor cash management operations including liquidity for working capital.
• Compile and report excess cash for investment.
• Maintain compliance with internal controls and Sarbanes-Oxley.

Skills

Cash management monitoring

Understanding of Treasury concepts

Communication skills

Analytical skills

Problem-solving skills

Education

Bachelor's degree in finance or accounting

Tools

Kyriba Cash Management

SAP

Job description

Finance & Accounting - Supt., Treasury & Cash Management

Job Openings Finance & Accounting - Supt., Treasury & Cash Management

About the job Finance & Accounting - Supt., Treasury & Cash Management

Basic Function:
Responsible to monitor treasury and cash management activities from execution, recording up to reporting for PTFI over locations (jakarta and jobsite) and PTFI affiliates with close coordination with Corporate Treasury and Cash Management in a good governance amongst internal control standards, business ethics and reporting standards in order to provide decision information, maintaining risk management, optimizing fund utilization and improve operational controls.

Job Responsibility:

1. Cash Management

• Monitor cash management operations for PT Freeport Indonesia to include daily cash administration, management of current accounts and investment (if any).
• Monitor all cash management functions including cash concentration, wires, account funding. Ensure adequate liquidity for working capital needs and invest short term excess cash. Control and monitor inter-company cash, including inter-company lending, dividends, and cash calls.
• Liaise banking relationship to obtain best services, fee, exchange rate and interest rate and ensure that day to day activities related to bankers are conducted smoothly and in the most efficient way.
• Monitors cash transactions to ensure that bank account balances to the report including investment, and forex trading and any unusual items are investigated, followed up and reported.
• Forecasts cash flow, investment and forex activities (weekly, monthly, quarterly etc.).
• Good communication with Corporate Cash Management for cash flow projection, cash flow utilization, investment activities and forex trading, including heads up for any unusual transaction.

2. Treasury

• Compile and Report PTFI and its affiliates excess of cash and provide best interest rate within the market as an investment option.
• Perform forex exchange rate to maintain Company trading activities within the market.
• Support PTFI and its affiliates with bank guarantee needed for certain project or any litigation case.
• Place and report for Statutory time deposit placement including export proceeds deposit in terms of compliance, minimize nesting period with fair to market interest rate.

3. Trade Finance

A. Bank Guarantee
Dealing with Banks to obtain best Bank Guarantee offering
Perform the whole process for Bank Guarantee arrangement for accuracy and timing of submission
Prepare Bank Guarantee Report to Senior Management.
B. Letter of Credit Administering Letter of Credit on Down Stream product sales.

4. General

• Operate Kyriba and its integration to SAP including business object from time to time in coordination with MIS department to support Treasury operations and reporting function as well.
• Implements and maintains procedures and policies, including cash management, and treasury functions to ensure adherence to company guidelines.
• Manages monthly closing of financial records and posting of month end information; ensures accuracy of financial statements.
• Manages recordation and reconciliation for treasury and cash management area; ensures accuracy and timeliness.
• Ensure compliance with internal controls, policies and procedures as well as Sarbanes-Oxley Compliance.
• Maintain a prudent, good governance and integrity work environment.

Qualifications

• Bachelor's degree in finance or accounting
• 5 years of related experience out of financial services or fund administration and/or corporate finance.
• Experience in Treasury or Banking Industry will be an advantage.

Core Competencies (Knowledge, Skills & Characters)

• Tracking sources and uses of cash for each partnership in order to determine the appropriate borrowing/repayment level required to meet daily liquidity needs while minimizing idle balances.
• Understanding of Treasury concepts.
• Experience use Kyriba Cash Management and Treasury system will be an advantage.
• Will demonstrate experience and competency of handling FX deals, rollovers/ drawdowns, account analytics, position keeping and have had responsibility in inter department communication.
• Comprehensive knowledge of audit practices, procedures and principles with the ability to interpret and analyze complex concepts and apply these in innovative ways.
• Resolution of any administrative matters, including but not limited to, management of office space, technology and technical device requirements.
• Working closely with accounting team on financial reporting and daily activities.
• Is able to prioritize their workload and deliver in a timely manner.
• Reliable and responsible self-sufficient and pro-active.
• Sound work organization and prioritization skills.
• Highly skilled in preparing written documents and presentations.
• Good administrative and problem-solving skills.
• Strong communication skills including the ability to articulate to a senior level both internally and externally.
• Has a personality that can remain calm in a pressured and challenging environment.