Assistant Treasury Manager

Key Accountabilities:

• Hold full responsibility for managing IHH MY Group’s daily liquidity and cash position to ensure sufficient working capital for payments, while strategically investing excess funds in the Money Market to maximize interest yield.
• Committed to the timely submission of the daily treasury report to Group Treasury to ensure the consolidated Group Treasury Report is generated without delay.
• Full responsibility for collaborating with the appointed Trustee and Facility Agent to conduct a regular review of the compliance with the covenants of the established unrated Sukuk Program, ensure its integrity and alignment with regulatory requirements from time to time
• Support the upcoming new Sukuk Program for IHH MY by working closely with external legal counsel, banking partners, and Trustees, ensuring timely provision of required information and documentation.
• Lead the implementation of the upcoming Treasury Management System in IHH MY, ensuring alignment with the IHH Group Treasury’s transformation objectives and overall strategic direction
• Responsible for user setup and access management of the online cash management platform, ensuring all users always have uninterrupted access
• Conduct benchmarking studies of banking partners to evaluate and recommend the most competitive interest rates and service offerings
• Ensure proper cash planning is done for adequate liquidity for working capital needs for all Business Units
• Maintain comprehensive records of the Group’s bank accounts, user access matrices, banking facilities, weekly cash balances, and monthly treasury reports.
• Monitor daily currency movements and collaborate with the Group Treasury Team to secure competitive foreign exchange rates.
• Ensure proper cash planning is done for adequate liquidity for working capital needs for all Business Units
• Work with Project Teams to ensure sufficient cash flow to support the progressive pyamnts on the multi-years projects, renovation and any new projects undertaken by IHH MY from time to time
• Responsible for preparing a comprehensive project tracking report, detailing all payments made, outstanding balances, and planned payment schedules
• Undertake any other duties or assignments as directed from time to time.

Experience and Qualification

• A bachelor’s degree in finance, Accounting, Banking, or a related field.
• A minimum of 3 years of relevant working experience in similar role
• Knowledge and experience in Treasury, Banking and Working Capital Management will be considered an advantage
• Strong analytical and reporting skills are essential
• Responsible and committed in meeting deadline