Cash Management Associate

Job Title: Finance Associate

Location: New York, NY

Salary: $60K - $70K

Successful International Trade company seeks Finance Associate to join their Team!

SUMMARY OF POSITION:

Responsible for daily cash management, trade finance, group finance, and related information management. Prepare various internal and external reports, including internal approval process. Manage various bank account registration and online bank maintenance. In-person work at the assigned office location is a regular component of this role’s responsibilities.

Responsibilities:

• Process manual and automated outgoing payments.
• Manage A/R incoming journaling via our ERP (SAP) system.
• Manage and execute FOREX Purchase/Sales contract.
• Maintain daily/monthly cash flow forecast.
• Handle and manage financing activities (e.g. borrowing/repayment, interest payment, A/R securitization, etc).
• Manage bank reconciliation.
• Handle and manage trade finance activities (e.g. Import/Export Letter of Credit, Bond/Standby LC, A/R securitization, etc).
• Provide necessary support/advice to business team regarding trade finance.
• Set up and coordinate group finance (e.g. term loan and cash pooling) including leading internal/external legal documentation with related parties (e.g. in-house legal team, business departments, banks, etc) and handling internal approval process.
• Manage loan receivable and loan payable, including interests.
• Advise and confirm vendor banking information registration.
• Manage closing and report necessary information to accounting department.
• Prepare quarterly reports to HQ (e.g. banking report, guarantee report, etc)
• Upload necessary information to an internal system (e.g. FX rate, internal interest rate, etc)
• Provide necessary information/documents to banks.

Qualifications:

• Bachelor’s degree in finance
• Minimum 2 years experience in the cash management field
• Knowledge of general finance/cash management principles/banking
• Knowledge of general accounting/bookkeeping principles
• Proficiency with Microsoft Office
• Ability to work within established procedures and practices
• Knowledge of trade finance banking standards (UCP 600 & ISP 98)