[BEST] Pipeline –Treasury Analyst (Operation) -Treasury- Malaysia

L'oreal Usa; Petaling Jaya; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading global beauty company in Petaling Jaya is seeking a Treasury Specialist to manage treasury operations, bank relationships, and payment processing. The ideal candidate should have 3-4 years of relevant experience and a robust understanding of cash management and compliance. You will participate in cash flow forecasting, monitor banking activities, and ensure adherence to regulatory requirements. This role offers a dynamic environment encouraging innovation and personal growth.

Benefits

Fast track career opportunities

Permanent learning experience

Qualifications

• 3-4 years of relevant treasury experience preferred.
• Knowledge of treasury operations and payments systems required.
• Must possess strong learning agility and adaptability to change.

Responsibilities

• Perform daily cash management and reconciliations.
• Manage bank accounts and relationships effectively.
• Oversee payment control and monitor expiration of bank certificates.

Skills

Strong cash management

Bank relationship management

Payment processing

Foreign exchange transactions

Compliance activities

Tools

Treasury management system (Diapason)

Job description

Change is the DNA of L'Oréal; we are constantly leading the beauty industry to go beyond. In 1909, we began as a small store selling hair dye. Today, we have a portfolio of 36 international brands and a global presence in 150 countries.

At L'Oréal, there are 6 Zone Business Services Centers supporting the Group. Our L’Oréal Global Business Services, with mission of providing excellence Finance Services, improving operational performance and processes continuously resulted in world-class Finance Services and catalyst for Finance Process Transformation, and delivering top efficient and effective processes whilst maintaining integrity. In order to transform our vision into reality we are working on the following 3 mindset pillars: DO THE RIGHT THING, DO IT RIGHT AND DO IT BETTER.

One of centers set up in Malaysia, we call it BEST in KL (BEST stands for Business Expertise, Services & Technologies), provides financial services to 20 markets within North Asia & SAPMENA (South Asia Pacific, Middle East & North Africa).

Being the world's #1 beauty company, L'Oréal empowers its people who are ready to take bets, think out of the box, defend their convictions, be resilient and leave their own mark. They are offered numerous opportunities, fast track careers and early responsibilities. L'Oréal has ambitious goals and is striving for excellence. This permanent learning experience helps you stretch your potential.

We define success as making a positive, conscious impact. At L’Oréal, you will be encouraged to think and act beyond your job. We push boundaries and move fast globally to stay ahead of the game. Your job will be your own innovation playground. We encourage different points of view. What sets you apart is what makes you great. You will always have the space to question, express, agree and disagree. We unleash everyone's potential. Here, learning opportunities are endless. You will build your own unique path. We believe in the impact of great mentors. You will be inspired by people you won't ever want to forget.

We are seeking a skilled Treasury Specialist with 3-4 years of relevant experience to join our BEST team in KL. This role encompasses a broad range of treasury operational tasks, including daily cash management, bank relationship management, payment processing, foreign exchange transactions, and compliance activities.

Key Responsibilities

Cash Management

• Perform daily reconciliations between forecast and actuals within the treasury management system (Diapason), execute bank transfers, prepare cash flow forecasts, investigate and resolve payment/AR rejections, provide bank statements to relevant stakeholders. Report actual bank balances to CFO, process ad-hoc payments, upload and validate bank statements in Diapason.
• Manage and track deposit and loan details in Diapason, prepare loan and term deposit documentation, provide weekly cash flow forecasts.
• Prepare and analyze the rolling 3-week cash flow forecast to ensure accurate liquidity management.
• Work closely with the Treasury Analytical team and apply the inputs on Cashflow trends/budgets received from the trend/budget cashflows for the preparation of 3 weeks. Collaborative culture with Analytical team is expected.

Bank Relationship and Accounts Management

• Manage bank accounts (opening/closing), collaborating with bank relationship managers and ensuring adherence to internal procedures and regulatory requirements, updating bank account information in relevant internal systems.
• Identify opportunities for new banking products and services. Manage Know Your Customer (KYC) requests from banks, ensuring timely submission of required documentation and maintaining up-to-date records. This includes managing the annual KYC update process and responding to ad-hoc requests.
• Oversee the maintenance of banking powers with local banks and within L'Oréal's internal systems, ensuring proper authorization and control.
• Ensure the proper identification of FX exposure and execute spot/forward FX deals (buy/sell FCY), prepare declaration letters, supporting documentation for spot deals and other relevant reporting.

Payment Control

• Validate daily payment runs against bank records (e.g., web banking), manage rejected payments, and communicate effectively with internal teams and banks to resolve issues.
• Monitor and manage the expiration of bank certificates, ensuring timely renewals.
• Process urgent payments following the appropriate approval channels.

Guarantee Management & Corporate Card Management

• Manage the end-to-end process for various types of bank guarantees ensuring adherence to internal policies and procedures, includes preparing necessary documentation, coordinating with relevant parties, and maintaining accurate records.
• Corporate Card management and handle the maintenance requests.
• Other Operational Task
• Develop SOPs, continue improve the process the operational performance.
• Preparation presentation slides and reports per request
• Collaborate with multiple stakeholders to ensure process compliance and smooth operations.
• Supporting projects initiated within BEST, Zone and Group.
• 1-3 years’ experience in treasury, accounting, finance, auditing, or Business Management in a rapidly growing business, 5years above experience for Sr. Specialist role
• Knowledge of treasury operations and payments systems
• Must be proactive team-member with the ability to thrive in a dynamic, fast-paced, deadline driven work environment.
• Strong learning agility and be able to adapt with change.