Cash Management Officer

Job Summary:
The Cash Management Officer will be responsible for overseeing and managing all aspects of cash flow within the organization. They will play a key role in ensuring efficient cash management practices, implementing effective cash handling procedures, and optimizing cash flow for the company's financial well-being.

Job Responsibilities:
- Monitor and assess the organization's cash flow needs on a daily basis and make recommendations for effective cash management strategies.
- Manage daily cash position, including forecasting and reconciling cash balances and ensuring sufficient funds are available to meet operational requirements.
- Coordinate with various departments to gather and analyze cash-related data, such as accounts receivables and payables, and make actionable recommendations.
- Prepare and maintain accurate cash flow forecasts, projected cash budgets, and cash flow analysis reports.
- Develop and implement cash management policies, procedures, and controls to improve cash flow, minimize risk, and ensure compliance with regulatory requirements.
- Monitor and manage bank relationships, including negotiating banking fees, maintaining banking documentation, resolving discrepancies, and optimizing banking services.
- Identify and implement process improvements, automation initiatives, and technology solutions that enhance cash management efficiency and accuracy.
- Stay up-to-date with industry trends, best practices, and changes in regulations related to cash management and implement necessary adjustments as required.
- Provide support to the finance team in areas related to cash management, treasury, and financial reporting as needed.

Candidate Requirements:
- Bachelor's degree in finance, accounting, or a related field.
- Proven experience in cash management, treasury operations, or financial analysis.
- Sound knowledge of cash flow forecasting, liquidity management, and cash handling procedures.
- Strong analytical skills with the ability to interpret and analyze financial data.
- Proficient in using financial management systems and cash management tools.
- Excellent attention to detail and accuracy.
- Strong organizational and time management skills to meet deadlines.
- Effective communication and interpersonal skills to collaborate with cross-functional teams and external stakeholders.
- Ability to adapt to changing priorities, multitask, and work under pressure.
- Professional certification such as Certified Treasury Professional (CTP) is a plus.

Skills:
- Strong mathematical and analytical skills to accurately handle cash transactions and reconcile financial records.
- Excellent attention to detail to ensure accuracy in cash handling and record-keeping.
- Proficient in using cash management systems and software to effectively monitor and manage cash flow.
- Knowledge of financial regulations and compliance requirements related to cash handling and banking transactions.
- Strong organizational and time management skills to efficiently manage cash-related tasks and daily operations.
- Excellent communication and interpersonal skills to effectively interact with customers, vendors, and financial institutions.
- Ability to work well under pressure and handle cash-related concerns and issues promptly and professionally.
- Proactive problem-solving skills to resolve cash management challenges and implement effective solutions.
- Flexibility and adaptability to handle changing cash management needs.
- High level of integrity and ethical conduct in handling financial transactions and safeguarding cash assets.
- Strong teamwork and collaboration skills to work effectively with colleagues and departments involved in financial operations.
- Knowledge of basic accounting principles and financial management to support cash management processes.

Finance | Accounting | Business Administration