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Treasury Expert/Specialist

AB InBev GCC Services
Location: Bengaluru, Experience: 6 years - 8 years
Posted On: 08-Jun-2021 | Last Date to Apply: 31-Jul-2021 | No: of Vacancies : 1

Company Profile:

AB Inbev is the world’s leading brewer bringing people together for a better world Our diverse portfolio of well over beer brands includes global brands Budweiser Corona and Stella Artois multicountry brands Beck’s Castle Castle Light Leffe and Hoegaarden and local champions like Becks Ice Rivers Haywards and Knockout

Job description:

1. PURPOSE OF ROLE


The Treasury Expert / Specialist is responsible for driving continuous improvements in the Zone’s reporting and analysis:

Responsible for monitoring, reconciling and investigating various cash, disbursement, and cash accounting activities within the Corporate Treasury function. The role is primarily focused on the General Ledger duties of a treasury department and includes, affiliate bank accounts; perform accounting functions within the various financial systems, bank reconciliations, audit inquiries, and backup of other core treasury functions, e.g. cash position and electronic payments, as assigned. This individual may be required to provide input to or participate in various projects and will perform other duties as requested.


2. KEY TASKS AND ACCOUNTABILITIES

• Ensure transactions posted to both cash and clearing GL accounts are monitored, reconciled and investigated on a daily basis
• Review bank reconciliations prepared by other team members and suggest corrective actions - reconciliation of the bank statement against the GL and reconciliation of any assigned clearing accounts

• Convert non open item managed accounts to open item managed account. Identify challenges and propose solutions as per the US GAAP with minimal impact to the financial statements
• Understand the Global Bank Reconciliation policy, adhere to it and bridge all open gaps
• Analyse the P&L impact during the month end close and take corrective action to avoid misstatements
• Respond to audit inquiries in a timely manner; as required, make calls to the bank directly to clarify adjustments or to clarify items on the bank statements in order to reconcile activity or properly code it; liaise with auditors to confirm bank balances as of a certain date
• Automate the process to improve the overall efficiency by understanding the flow of transactions, the systems involved, matching of the correct transactions
• For Bank accounts where the statements are not available, understand the challenges and convince stakeholders on how the accounting transactions need to be recorded. Understand how the movement in Trial Balance can be considered to Journalize transactions.
• Use various cash management programs and understand the cash forecasting and cash management process and i
• Serve as a system administrator for Treasury

3. BUSINESS ENVIRONMENT

Main characteristics: (Challenges)
• Work in a quick changing environment
• Constantly balancing the search for new improved ways of working together with the sustained implementation of agreed ways of working.
• Ensure full flexibility within the team to meet existing and future business needs
• Follow the target setting and performance management processes adopted by AB Inbev.
• Implement and maintain a high level of working capital management within the Zone;
• Encourage and assist the countries in the Zone in standardization and improvement of processes and adoption of best practices across the Group.

Key dimensions:
• Financial department targets

Key contacts: (internal – external)
• Zone/Country Controllers
• CWC/CF Manager

Skills:
Accounting skills, understanding the the Income statement and Balance Sheet, foreign currency transactions, calculation of FX gain losses and journalizing them and P&L impact


QUALIFICATIONS, EXPERIENCE, SKILLS

Education
• University degree in B.Com/MBA Corporate Finance / CA Inter / ICWA Inter or related areas

Experience
• At least 7 years business experience in a multicultural environment with strong experience in accounting and financial reporting
• Experience in working in an ERP environment is a plus
• Microsoft Office (mandatory)

5. COMPETENCIES

Technical competencies: (Job related)
• Excellent Accounting skills.
• Experience in creating reconciliation procedures, challenging business and convincing stakeholders on how entries should flow in, type of accounts to be used and how the reconciliations should be performed
• Expert in understanding the impact of each transaction on the Income statement and Balance Sheet
• Expert in identify incorrect postings, pass rectification entries and suggest the correct ones
• Excellent understanding of foreign currency transactions, calculation of FX gain losses and journalizing them and P&L impact
• Should be able to identify mismatches during reviews & investigate prior years’ transactions until the open items are closed
• Should be able to create reconciliation procedures and templates for newly added accounts
• Should be able to do a 4 way reconciliation procedure for Gift Shop accounts
• Excellent understanding of the chart of accounts and how it should be mapped
• Excellent understanding of the payments and cash applications process and its impact on General Ledger reconciliations
• Should understand the escheatment process and unclaimed property
• Financial and planning experience
• Experience in co-ordinating with banks
• Experience in coaching team members in Accounting, Journal entries, mismatches and rectifications
• Experience in transitions and streamlining accounting processes is a great PLUS
• Understanding the payments process & experience in working on payments along with bank reconciliations is a great PLUS
• Experience in working in a multi-national environment
• Experience working with teams spread across different geographies
• Experience in leading teams Ability to communicate with and influence senior leadership
• Ownership to drive results and strive for excellence
• Strong ability to turn opportunities into actions, strategies
• Excellent communication and writing skills
• High level of service mind-set
• Strong organization skills; adherence to deadlines, self-discipline
• Able to act in a multi-national, inter-cultural environment.
• Good business sense and operational touch
• Highly results focused
• Excellent team player, able to develop strong relationships with colleagues and peers across functions
• Good analytical and problem solving skills

Language skills
• Fluent in spoken/written English
• All other languages perceived a plus;

Customer Service
• Ability to interact courteously with both internal and external customers while providing a high quality of service.
• Ability to analyze customer needs through soliciting, evaluating and acting upon customer feedback.
• Ability to coordinate with other internal departments to deliver seamless service to customers.

Key Qualifications

Bachelors

Education

B.Com

Skills

Accounting skills,understanding the the Income statement and Balance Sheet,foreign currency transactions,calculation of FX gain losses and journalizing them and P&L impact,

Industry

IT-Software- Software services

Gender Preference:

Female

Job Type:

Full Time

Diversity Tags:

Not Applicable