[Position]
Cash Manager
[About Our Client]
[Job Summary]
The Cash Manager is responsible for managing and optimizing the company’s cash flow, banking relationships, and liquidity. This role oversees daily cash operations, monitors bank accounts, manages short-term investments and borrowings, and ensures compliance with internal controls and corporate policies. The Cash Manager will also support treasury forecasting, intercompany funding, and reporting to management and headquarters.
[Job Description]
Key Responsibilities
1. Daily Cash Operations
- Manage daily cash inflows and outflows, including vendor payments, customer collections, and internal fund transfers.
- Perform daily cash reconciliation between bank accounts and SAP records to ensure accuracy of postings.
- Review and approve payment runs (e.g., vendor, payroll, tax, intercompany) in accordance with company policy.
- Prepare daily cash summary reports, reflecting actual balances, pending payments, and available liquidity.
- Conduct end-of-day cash closing to confirm that all bank transactions, disbursements, and receipts are properly recorded and reconciled.
2. Line of Credit / Loan Management
- Manage the company’s credit facilities, including lines of credit, term loans, and intercompany borrowings.
- Track loan balances, interest accruals, and repayment schedules to ensure timely payments.
- Coordinate loan drawdowns and repayments based on cash flow requirements.
- Support negotiation of new credit lines or refinancing as needed.
3. Forecasting & Reporting
- Prepare and update monthly/quarterly/yearly cash flow forecasts.
- Analyze actual vs. forecasted cash flow and explain variances.
- Report cash position, credit lines, and investment balances to management and headquarters.
4. Internal Controls & Compliance
- Implement and maintain treasury-related internal controls (e.g., dual approvals, segregation of duties).
- Support compliance with SOX/internal control requirements and audit requests.
- Ensure proper authorization for wire transfers, intercompany loans, and payments.
Requirements
[Qualifications]
Education & Experience
- Bachelor’s degree in Finance, Accounting, Economics, or related field
- 5+ years of experience in treasury, cash management, or corporate finance.
- Proficiency with SAP and Excel
- Firm banking experience preferred
Skills & Competencies
- Fluency in Korean is preferred.
- Strong analytical, problem-solving, and organizational skills.
- Excellent attention to detail and accuracy.
- Solid understanding of banking operations, cash flow forecasting, and FX exposure.
- Effective communication and cross-functional collaboration skills.
- Advanced Excel skills and familiarity with financial modeling.