NewMarket Services

Sr Financial Analyst

Location SG-Singapore

Overview

Responsible for all Treasury and Credit related activities and working capital management for Asia Pacific.  Key focus on effective FX and liquidity management, optimized working capital and Credit Risk management, supporting business to drive profitable growth.  Independent and decisive with good business acumen. Represents Global Treasury to execute initiatives in the region and ensure compliance.

Responsibilities

Regional Treasuary Activities

Credit Management

  • Implement and maintain Credit policy and operating procedures for Asia Pacific. These policies are aligned with corporate policy.
  • Create new and maintain existing customer account profiles in SAP
  • Perform credit assessment for all new customers using the in-house credit score card as well as search reports from 3rd party search companies (currently we use Dun & Bradstreet wherever possible).  Recommend credit terms and limits for the customers based on the results of the assessment.  
  • Perform annual assessment of existing customers using the in-house credit score card as well as search reports.  Credit terms and limits may be revised based on the assessment.
  • Prepare timely and accurate reports on cash collections with details on status, issues arising and actions, as well as analysis of the credit situation
  • Support Sales in the customer collection activities.  Ensure that overall credit exposures stay within approved limits, and react promptly to any instances of limit and policy breaches.
  • Manage credit hold and order release process and continuously seek improvement to manage credit risk while maintaining business continuity with customers
  • Proactively identify, communicate and escalate credit issues and ensure necessary remedial actions are taken promptly
  • Actively promote and educate the organization on credit risk and instill best practices in the region
  • Liaise with lawyer/collection agency for delinquent accounts
  • Supervise the Credit Analyst based in Singapore

FX and Fund Management

  • A member of the Global Treasury Council.  Provide updates and advice on Treasury development in the region.  Supports Global Treasury initiatives
  • Manage region cash flow.  Perform cash flow forecasting to optimize cash and funds position in AP region, and look at opportunities for fund yield optimization.
  • Administer requests for bank trade services facility (eg. Banker’s guarantee, performance bonds & etc.)
  • Manage and administer access to all bank accounts for Asia Pacific subsidiaries, adhering to the Banking Administration Management (BAM) strategy
  • Manage bank relationship and drive service improvement.  Monitor service quality, negotiate of charges/interested and other terms, and seek for new tools/solutions from bank applicable to Afton entities.
  • Perform annual bankers review to ensure standard of services provided remain high
  • Monitor currency exposures and propose solution to mitigate risks in accordance with business planned growth in AP.
  • Perform FX spot transactions via Bloomberg to ensure optimal returns
  • Work with related stakeholders to improve working capital, e.g. supplier financing for DPO improvement & etc.
  • Support FD in driving strategic initiatives where possible for Treasury and Working Capital optimization

 

Qualifications

  • Degree holder of Accounting/Finance or related discipline
  • At least 5 years' relevant working experience and with multinational organizations
  • Regional experience covering China would be advantageous 
  • Familiar with SAP ERP system
  • Good communication skills, written and oral in English and Chinese
  • Observe confidentiality requirements
  • Good business acumen
  • Effective stakeholder engagement
  • Team player and willing learner
  • Eye for detail, numerically accurate and thorough
  • Able to work under pressure and meet deadlines
  • A self-starter, willing to take on new and challenging tasks at short notice

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