Treasury Specialist

Nestlé SA; Petaling Jaya; On-site; MYR 60,000 - 90,000; Full time

Job summary

Join the world's largest Food and Beverage Company as a Treasury Specialist. In this role, you will manage bank transactions, prepare treasury reports, and ensure compliance with local regulations. Ideal candidates have a strong background in Treasury or Finance and a relevant degree, contributing to both local and global initiatives.

Qualifications

• 4+ years of experience in Treasury or Finance functions.
• Experience at Big 4 is advantageous.
• Experience in insurance is beneficial.

Responsibilities

• Liaise with banks for transactional issues and compliance.
• Prepare and analyze treasury reports and forecasts.
• Ensure timely execution of collections and payments.

Skills

Treasury functions

Financial analysis

Compliance

Risk management

Education

Bachelor’s 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 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 the 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 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 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, such as supplier financing initiatives from NTCs/Centres.
• Maintain up-to-date treasury documentation and agreements; assist in opening or closing bank accounts as needed.
• Review and validate that Vendor Master Data Bank Details are accurate and current.
• Support management and governance of cybersecurity risks related to payments, banking portals, and payment platforms.
• Assess, investigate, and negotiate settlement of claims with suppliers, shippers, transporters, and service providers to maximize recoveries and minimize losses. Monitor claims for prompt and maximum recovery.
• Review third-party contractual arrangements to ensure insurance requirements are met and Nestlé's risk exposure is mitigated.
• Review processes and procedures with stakeholders for continuous improvement to reduce claims and optimize insurance costs.

What will make you successful

• Prior experience in Treasury or Finance functions; experience at Big 4 is advantageous.
• 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.