Treasury Specialist

Nestlé; Petaling Jaya; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading food and beverage company seeks a Treasury Specialist in Petaling Jaya, Malaysia. The role involves liaising with banks, managing treasury functions, and ensuring compliance with local regulations. Ideal candidates will have a Bachelor's degree in Accounting, Finance, or Business, and relevant experience in treasury or finance. This position offers an opportunity to influence financial operations and enhance the quality of life locally.

Qualifications

• Experience in Treasury or Finance functions; Big 4 experience a plus.
• Degree in Accounting, Finance, or Business.
• Experience working in networks with internal and external providers.

Responsibilities

• Serve as the main liaison for treasury functions and banks.
• Prepare and validate treasury reports; ensure compliance with regulations.
• Support management of cybersecurity risks related to payments.

Skills

Experience in Treasury or Finance functions

Insurance experience

Negotiation skills

Analytical skills

Education

Bachelor’s Degree in Accounting, Finance, or Business

Job description

Position Snapshot

Location: Petaling Jaya, Selangor, MY
Company: Nestlé Malaysia
Type: Permanent

Qualifications: Bachelor’s Degree
Experience: 4+ years

Position Summary

Joining Nestlé means you are joining the largest Food and Beverage Company in the world. At our core, we are a human environment – passionate people driven by the purpose of enhancing the quality of life and contributing to a healthier future. A Nestlé career empowers you to make an impact locally and globally, providing opportunities to stand out and grow both professionally and personally.

We are seeking a Treasury Specialist to serve as the main liaison between Nestlé Treasury Centre, local market, and payroll for bank transactional issues. The individual will support treasury functions by bridging services provided by shared services and Treasury Centre teams to internal and external customers, and act as the primary contact for banks—coordinating and overseeing bank accounts and facilities.

A day in the life of...

• Provide documentation as required by local regulations or statutory bodies and liaise with central or commercial banks to ensure compliance.
• Prepare, consolidate, analyze, and validate treasury reports such as Nestlé Intra Group Loan Confirmation, Treasury Reports (TREA report), Quantum vs SAP report, Daily Forecast, Cash Flow Forecast, Forex Forecast, Bank Charges, Net Financing Cost, etc.
• Ensure timely execution of collections and payments according to schedule, including AP payments, manual payments, payroll payments, and netting collections and payments.
• Support the implementation of working capital initiatives (e.g., supplier financing initiatives from NTCs / Centre).
• Maintain up-to-date treasury documentation and agreements; assist in opening or closing bank accounts as needed.
• Review and validate Vendor Master Data Bank Details for accuracy.
• Support management and governance of cybersecurity risks related to payments (banking portals, payment platforms, manual payments).
• Assess, investigate, and negotiate settlement of claims with suppliers, shippers, transporters, and service providers; aim to maximize recoveries and minimize losses. Monitor claims to ensure prompt and maximum recovery.
• Review contractual arrangements with third parties to ensure compliance with GRS programs and mitigate Nestlé's risk exposure.
• Review processes and procedures with stakeholders for continuous improvement to reduce claims and optimize insurance costs.

What will make you successful

• Experience in Treasury or Finance functions; Big 4 experience is a plus.
• Experience in insurance is beneficial.
• Experience working within a network organization with internal and external providers.
• Degree or professional qualification in Accounting, Finance, or Business.