Assistant Treasury Manager
Aboitiz FoodsCompany Description
Aboitiz Foods is an integrated regional food and agribusiness company dedicated to creating a high-performance culture anchored on our time-honored values of Integrity, Teamwork, Innovation, and Responsibility. Through the collective strengths of our subsidiaries, Pilmico and Gold Coin, we believe in sustainably feeding Asia’s growth from mill to meal.
We are constantly improving and optimizing our processes by integrating the value chain around Asia. We leverage our sector expertise and capabilities to deliver quality every time. With our world-class technology and culture of constant innovation, we devote ourselves to serving you better.
At Aboitiz Foods, we embrace change and inspire innovation, leading the way in food and agribusiness solutions. Join us as we shape the future of food in Asia and build a culture where, together, we nourish the future.
Job Description
Foreign Exchange Management:
- Monitor and manage the Company’s foreign currency exposure and execute hedging strategies according to the Company’s policy.
- Execute FX transactions to manage the company’s foreign currency needs.
- Forecast USD and third currency requirements ensuring sufficient liquidity of the accounts managed.
- Analyze FX market trends and provide regular updates and recommendations to management.
- Maintain relationships with banks and financial institutions to secure favorable FX rates and manage FX deals.
- Stay informed about any updates to BSP regulations regarding foreign currency exchange transactions to ensure the Company executes transactions in compliance with both banking and BSP regulations.
Cash Management:
- Oversee daily cash flow management and ensure sufficient liquidity to meet the company’s operational needs.
- Manage short-term investments and working capital to optimize returns.
- Perform cash forecasting to anticipate future liquidity needs and identify funding gaps.
- Collaborate with ACPC, Sales, Procurement, and Credit and Collections team to optimize cash flow processes and minimize cash holding costs.
Debt Management
- Oversee and manage the company’s debt obligations, ensuring timely loan repayments, effective interest rate management, and compliance with financial covenants.
- Support the negotiation and structuring of debt facilities to ensure they align with the company’s overall financial strategy.
- Evaluate the company’s debt portfolio, optimize debt levels, and propose strategies to reduce financing costs.
- Regularly prepare detailed reports on debt positions and offer recommendations for refinancing and debt consolidation opportunities.
Bank Relationship Management:
- Build and strengthen relationships with banking partners for FX and cash management services:
- Ensure adherence to banking agreements and monitor associated fees and services
- Manage the opening and upkeep of bank accounts.
Risk Management:
- Identify and evaluate financial risks associated with FX, liquidity, and debt, and develop strategies to mitigate them.
- Continuously review and enhance hedging, cash flow management, and debt servicing approaches to reduce exposure to market volatility and financial uncertainty.
Systems & Process Improvement:
- Support the automation and optimization of treasury processes and systems.
- Stay informed on industry trends and best practices to continuously improve treasury operations.
Qualifications
- 3-5 years of experience in treasury operations, with a strong background on FX, cash, and debt management.
- In-depth knowledge of FX markets, financial instruments, and cash flow forecasting techniques.
- Experience managing corporate debt, loan facilities, and compliance with financial covenants.
- Bachelor’s degree in Finance, Accounting, Economics, or Business Course.
- MBA degree is an advantage
- Proficiency in treasury management systems and Excel.
- Excellent communication and relationship-building skills to work effectively with internal teams and external partners.
Additional Information
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