Assistant Manager, Treasury Operations

Singapore

**DRIVING CONNECTIVITY**

**Guoco Midtown, Singapore**

**Chart your Course with PIL**

With over 55 years of leadership in the global shipping industry, Pacific International Lines (PIL) is looking for proactive individuals to drive innovation and sustainable shipping solutions. If you’re fueled by pioneering ideas, enjoy challenging the status quo, and are determined to make a significant impact, PIL wants you as a part of our dynamic community of maritime professionals.

At PIL, we provide local experiences with a global reach. With our headquarters in Singapore, and services offered at over 500 locations in 90 countries, you will have ample opportunities to work with colleagues from different cultures and communities.

**Get On Board for a Dynamic and Purposeful Career.**

This person plays a key role in overseeing and enhancing the day-to-day operations of the Group’s treasury function, while providing guidance and review over tasks executed by the Shared Service Center (“SSC”). This role serves as the reviewer (not preparer) for key treasury deliverables and provides clear directives to SSC personnel, ensuring compliance with treasury policies, banking standards, and internal controls. Supporting Manager, Treasury Operations in managing global liquidity reporting, account and signatory administration, payment governance, and Know-Your-Customer (KYC) compliance. A critical aspect of the role includes supporting the transition of transactional tasks to the Shared Service Centre and contributing to process improvements and automation initiatives. The Assistant Manager works closely with internal stakeholders, regional finance teams, and banking partners to ensure efficient, secure, and compliant treasury operations, while also supporting strategic treasury projects and governance enhancements.

**Key Responsibilities**:

- **Global Liquidity Reporting**: Oversee the preparation and review of weekly cash reports to ensure accuracy.
- **Payment Control**: Manage the payment list. Total payment transactional volume is 13,000 to 15,000 payments per annum. Ensure all accounts have sufficient cash balances before releasing payments. Ensure payments are routed to the appropriate bank signatories in accordance with internal policies. Release payment and provide payment proof.
- **Transition of Transactional Tasks to Shared Service Center**: Support in the transition of transactional tasks and administrative tasks (that do not require any physical engagement with Senior Management in Singapore) to Shared Service Tasks. Track the established SSC KPI and review the KPIs where necessary.
- **Management of Bank Accounts**: Coordinate the preparation of banks’ forms, resolutions, list of account opening, closing documents required by the banks to process any account closing and opening approved by management/Board. Ensure timely execution for physical signing with bank signatories when required.
- **Management of Foreign currencies cash balances**: Review the surplus funds in foreign currencies report and execute FX settlement instructions (including arrangement of physical signing where required by banks).
- **Bank Signatories Management**: To execute the update, additional, deletion of bank signatories for PIL SG entities based on approved memo. Maintain and ensure that all bank signatories, directors and beneficial owners agreed to release personal information to the banks for compliance purposes.
- **Compliance (Know-Your-Customer) Management**: Review all KYC queries from banks that the group has a cash management relationship with, negotiate a standard list of KYC documents to be provided and to limit the amount of KYC documents to be provided from group companies involved, bank signatories, directors and shareholders.
- **Monitoring of Transactional Fees Charged**:Monitor and prompt Global Cash Management Team or Bank when there is a mischarge of transactional fees.
- **Corporate Governance and Internal Controls**: Ensure adherence to internal policies, process and procedures for all global liquidity matters including Fixed Deposits Policies, Physical Cash and Cheque Management, Account Opening, Closing policies, system users management etc.
- **Management of Physical Cash Holdings in Singapore**. To manage any physical cash holdings in Singapore. This includes review of cash insurance amount.
- **Audit Confirmation**: Worked with all cash management banks to ensure prompt submission of audit confirmation.
- **Business Partnering and Stakeholder Engagement**: To engage business partners such as overseas regional finance controllers, local finance managers, Commercial & Agency Control department, other departments.

**MUST HAVE**:

- Bachelor’s degree in Finance, Accounting, Economics or related field.
- Minimum 4 years of experience in corporate bank or corporate treasury with a track record for success.
- Experience in a shipping liner company and Kyriba will be a strong advantage.

**WE VALUE**:

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