Treasury Specialist

Nestlé SA; Petaling Jaya; On-site; MYR 70,000 - 110,000; Full time

Job summary

Nestlé, the world's largest Food and Beverage Company, seeks a Treasury Specialist in Petaling Jaya. This role integrates treasury functions with local market needs, ensuring compliance and optimizing reports, while allowing for personal and professional growth.

Qualifications

• 4+ years of experience in Treasury/Finance functions.
• Experience in Big 4 firms is an advantage.
• Experience in a network organization is preferred.

Responsibilities

• Prepare and analyze Treasury Reports.
• Ensure timely execution of collections and payments.
• Manage cybersecurity risks related to payments.

Skills

Treasury functions

Financial analysis

Negotiation

Compliance

Education

Degree in Accounting, Finance, or Business

Job description

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Bachelor’s Degree
4+ years of experience

Position Summary

Joining Nestlé means you are joining the largest Food and Beverage Company in the world. At our very 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, as you are provided with the opportunity to make a mark and stand out, as long as you seek it. With Nestlé, you are enabled and encouraged to grow not only as professionals but also as individuals.

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

A day in the life of...

• Provide documentation when 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 Report (TREA report), Quantum VS SAP report, Daily Forecast, Cash Flow Forecast, Forex Forecast, Bank Charges, Net Financing Cost, etc.
• Ensure collections and payments are executed timely as per 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).
• Ensure treasury documentation/agreements are always up-to-date and assist in opening new bank accounts or closing existing ones.
• Review and validate that Vendor Master Data Bank Details are correctly updated.
• Support management and governance of cybersecurity risks related to payments (banking portals, payment platforms, manual payments, etc.).
• Assess, investigate, and negotiate settlement of claims with suppliers, shipping companies, transporters, and service providers, aiming to maximize recoveries and reduce losses. Monitor and follow-up on claims to ensure speedy and maximum recovery.
• Review contractual arrangements with third parties to ensure alignment with GRS program/practice and that Nestlé's risk exposure is minimized.
• Review processes and procedures with relevant stakeholders for continuous improvement to minimize claims and optimize insurance premium costs.

What will make you successful

• Prior experience in Treasury / Finance functions; experience in Big 4 is an advantage.
• Experience in insurance would be beneficial.
• Experience within a network organization (internal and external providers).
• Degree or professional qualification in Accounting, Finance, or Business.