Treasury Manager

advance food concepts mfg. inc; Philippines; On-site; PHP 1,200,000 - 2,000,000; Full time

Job summary

Advance Food Concepts Mfg. Inc. seeks an experienced Treasurer/Head of Treasury to oversee cash management, liquidity optimization, and banking relationships.

The role will drive cash forecasting, fund management, and robust treasury controls to mitigate risk in a fast-paced manufacturing environment. The ideal candidate brings strong experience in credit policy, collections, and working capital optimization, with a track record of reducing DSO and improving liquidity.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or related field; CPA/CMA is a plus.
• Extensive treasury, cash management, credit and collections experience in a managerial role.

Responsibilities

• Lead cash management and liquidity optimization across the organization.
• Develop and maintain short- and long-term cash flow forecasts.
• Manage banking relationships and optimize banking structures and fees.
• Oversee fund management, transfers, and disbursements per policy.
• Establish treasury controls to mitigate fraud and risk.
• Lead credit policy management and collection strategy to reduce DSO.

Skills

Cash management

Treasury leadership

DSO reduction

Financial analysis

Banking relationships

Education

Bachelor’s in Finance/Accounting/Economics

CPA/CMA certification

Tools

SAP

Oracle

NetSuite

Job description

Key Responsibilities

• Cash Management & Liquidity Optimization
• Cash Flow Forecasting: Develop, maintain, and analyze short- and long-term cash flow forecasts to ensure sufficient liquidity for operational requirements and strategic initiatives.
• Banking Relationships: Serve as the primary contact for banking partners. Manage bank accounts, optimize banking structures, and negotiate favorable transaction fees and credit facilities.
• Fund Management: Oversee daily cash positioning, fund transfers, and disbursements. Ensure effective allocation of surplus funds in accordance with corporate investment policies.
• Treasury Controls: Maintain robust controls over electronic banking platforms, fund transfers, and signatory mandates to mitigate fraud and operational risks.
• Credit Risk & Accounts Receivable (AR) Management
• Credit Policy Management: Establish, review, and implement the corporate credit policy. Evaluate and approve credit limits for new and existing accounts using financial analysis and credit assessment tools.
• Collection Strategy: Develop and execute effective collection strategies to optimize cash collections, minimize Days Sales Outstanding (DSO), and reduce bad debt exposure.
• Dispute & Delinquency Resolution: Lead the resolution of complex billing disputes and delinquent accounts, coordinating with legal counsel or external collection agencies when appropriate.
• Risk Assessment: Monitor portfolio risk exposure, economic trends, and customer financial health to proactively recommend adjustments to credit terms.
• Team Leadership & Stakeholder Management
• Team Development: Lead and mentor treasury, credit, and collections teams, fostering a culture of accountability, collaboration, continuous improvement, and professional development.
• Cross-Functional Collaboration: Partner with Commercial and Sales teams to balance business growth objectives with sound credit risk management.
• Executive Reporting: Prepare treasury dashboards, DSO reports, and working capital analyses for senior leadership.

Success In This Role Will Be Measured Through

• Achievement and maintenance of target Days Sales Outstanding (DSO) levels.
• Cash Forecasting Accuracy based on variance between forecasted and actual cash positions.
• Collection Efficiency Index (CEI) performance.
• Effective Working Capital Optimization, including efficient cash utilization and management of financing costs.

Qualifications

• Preferably Bachelor's degree in Finance, Accounting, Economics, or a related business field; CPA, CMA, or similar certification is an advantage.
• Preferably with At Least 57 years of experience in treasury, cash management, credit, and collections, with 23 years in a managerial role leading finance teams.
• Strong knowledge of banking operations, cash management, financial analysis, credit evaluation, and collections practices.
• Proficient in ERP systems (SAP, Oracle, NetSuite) and advanced financial modeling using spreadsheets.
• Excellent negotiation, leadership, strategic thinking, and conflict management skills, with the ability to manage banking relationships, optimize working capital, and perform effectively in a fast-paced environment.