Remittance Treasury Executive

Job Summary

We are looking for a Remittance Treasury Executive to manage the Finance part of our Remittance business. You will ensure the execution of the remittance transactions be done correctly and in a timely manner and will play an important role in ensuring that records are properly kept and balances properly reconcile with our remittance partners. You will be able to initiate continuous improvements for the company as it continues to grow.

Key Role

Generating opening balances of the Remittance partners

Prepare forecast for amount to prefund to Remittance partners in consultation with the business team

Monitoring bank balance to ensure sufficient balance in the account to execute the deals

Request for additional funding from Finance team when required

Process Foreign Telegraphic Transfers (TTs) using bank online portal and ensuring bank authorizers approves before the cut-off time

Following up on the TTs with bank officers for their execution and ensure all TTs are released before the end of the day

Ensure that deals booked for the day have been utilized and there is no outstanding

Sending prefunding e-mails to Remittance partners and ensuring prefunding updated in our ledgers accordingly, otherwise to follow up with e-mail

To liaise and work closely with Treasury Ops team on available balance of each partner and to switch to another alternative partner if balance runs low (if advance credit is not approved)

Ensure balance in RemitX remittance system is correctly maintained and vouchers are key in on a timely manner in RemitX system, including dealing with the developers of RemitX system to correct any identified issues

Perform reconciliation of balance between Remittance partners’ statement and RemitX system

Qualifications

● Bachelor’s Degree in Accounting or Finance

● At least 3 years of working experiences, having some experience dealing with foreign TTs or prefunding forecast will be added advantage

Key Skills & Knowledge

● Knowledge of accounting principles, standards, law and regulations

● Proficiency in Microsoft Office and accounting/remittance software

● Able to work independently and at the same time as part of a team

● Responsible, committed and have the passion to continue growing with the company