Banking and Treasury Accountant

ROCKWOOL International A/S; Subang Jaya; On-site; MYR 78,000 - 134,000; Full time

Job summary

ROCKWOOL Group, based in Malaysia, seeks a treasury professional to manage banking transactions, reconciliations and cashflow reporting within a dynamic finance team.

You will collaborate with Payroll, AP, AR and Finance to resolve issues, perform automatic and manual payments, and support FX exposure reporting as part of daily treasury operations. SAP ERP experience is a plus in this global insulation leader.

Qualifications

• Experience in banking/treasury processing and month-end close.
• Strong understanding of reconciliation and cashflow reporting.
• Experience with SAP ERP and treasury systems is preferred.

Responsibilities

• Process banking and treasury transactions and reconciliations.
• Support cash and liquidity reporting and month-end close.
• Collaborate with Payroll, AP, AR, Finance and banks to resolve issues.

Skills

Bank reconciliation

Cash management

SAP ERP

Cashflow forecasting

Vendor/bank communication

Education

Bachelor's degree in Finance/Accounting

Tools

SAP ERP 6.0

TIS

Bank statement reconciliation tools

Job description

General responsibilities and activities include, but is not limited to:

• Ensure accurate processing of banking and treasury transactions (automatic and manual payments) and inbound receipts, and timely bank reconciliation and suspense clearing.
• Support cash and liquidity reporting, cashpool management and month end close activities to meet reporting deadlines.
• Collaborate with internal stakeholders (Payroll, AP, AR, Finance, Treasury banks) to resolve payment and reconciliation issues and maintain effective vendor/bank communications.

Key responsibilities and activities include, but is not limited to:

• Match inbound receipts and payroll/T&E related payments; clear suspense and vendor accounts (including MT940 updates, manual payments, bank charges, vendor refunds).
• Perform automatic payment processing (standard payments, transfers and approvals) and manual payment processing (incl. transfers and approvals) according to controls and cutoffs via TIS.
• Reconcile bank accounts to bank statements (MT940/other bank statement formats); investigate and resolve unmatched items and post reconciliation entries in SAP ERP 6.0.
• Match inbound payments, post to bank/suspense accounts when required and provide exception reports/remittance details to AR for final cash application and resolution of partially paid receivables.
• Match outbound payments and clear suspense/vendor accounts; coordinate with banks and vendors to resolve discrepancies.
• Prepare and maintain bank reconciliation schedules; escalated variances to GL owners and Finance.
• Support foreign currency exchange risk forecasting and produce input for FX exposure reports.
• Perform hedge calculations, support hedging contracting processes and prepare hedge accounting calculations and postings as directed.
• Manage cash & cashpool activities including processing IC loans and deposits, and calculation/posting of cashpool interest, commitment fees and IC loan interest.
• Produce cash flow forecasts, liquidity and cash pool reporting; ensure timely delivery of scheduled reports.
• Update and maintain banking files and TIS inputs; handle bank charges, refunds and reconciliations.
• Maintain documentation, work instructions and quick reference guides; support EBT/end to end testing and system changes affecting treasury operations.
• Perform periodic sampling tests/self audit and support internal/external audit requests.
• Participate in process improvement and automation initiatives.

At ROCKWOOL Group, we are committed to enriching the lives of everyone who experiences our products and services. We help our customers and communities tackle many of today’s biggest sustainability and development challenges, from energy consumption and noise pollution to fire resilience, water scarcity, and flooding. Our product range reflects the diversity of the world’s needs, while supporting our stakeholders in reducing their own carbon footprint. Stone wool is a fully recyclable, versatile material that forms the basis of all our businesses. With ~11,800 dedicated colleagues in 37 countries and sales in more than 120, we are the world leader in stone wool products, from building insulation to acoustic ceilings, external cladding systems to horticultural solutions, customised stone wool insulation components for other manufacturers’ products and systems (OEM), to insulation for the process industry and marine & offshore.

Ready to help build a better future for generations to come? Join us and make a difference! http://www.rockwool.com/group/about-us/careers/