Senior Manager, Treasury
About Us
Far East Organization is a Christian Enterprise, which develops real estate and operates businesses by serving with grace, love, integrity and honesty. Together with its Hong Kong-based sister company Sino Group, they are one of Asia’s largest real estate groups, with operations in Singapore, Malaysia, Australia, Japan, China (Mainland and Hong Kong) and USA.
Far East Organization is the largest private property developer in Singapore, having developed over 780 developments across all segments of real estate including 55,000 private homes in Singapore since its establishment in 1960. Far East Organization includes three listed entities: Far East Orchard Limited, Far East Hospitality Trust and Yeo Hiap Seng Limited.
Far East Organization is the winner of 14 FIABCI World Prix d’Excellence awards, the highest honour in international real estate. In 2022, Far East Organization is listed as top 50 of The Straits Time’s Singapore Best Employers Study. We believe in taking care of the total well-being of our people as they grow with us. We nurture a community where talent is developed and recognised, innovative ideas are encouraged, and achievements celebrated.
Our health and well-being benefits provide physical, mental and spiritual support to our people and their families. In addition to annual leave, performance bonus, medical and insurance coverage, you can anticipate the provision of birthday leave, birthday benefits, care leave, flexible benefits, staff rebates at F&B outlets, and special rates at our hotels, both locally and overseas. We empower you in your engagement with the wider community by providing varied activities to experience different opportunities to serve and contribute to the community
Responsibilities
Cash and Liquidity Management
• Oversee cash positioning to ensure Group entities are sufficiently well funded
• Report Group’s free cashflow forecast and work with business units to have a good understanding of Group’s funding sources and requirements to effectively monitor and manage cash position
• Develop strategies to optimize the yield on short-term surplus cash
• Assess availability of excess cash from overseas investments for repatriation in collaboration with the Tax and Finance teams
Capital Management
• Assist in capital allocation planning, dividend upstreaming, and surplus cash deployment
• Review periodically the capital structure of Group companies and make recommendations to adjust the capital structure as required to ensure entities are self-sustaining
• Coordinate with Debt Financing team to obtain external financing as needed
• Assist in annual calculation of the weighted average cost of capital for the Group
• Manage the inter-company funding arrangements
Risk Management
• Monitor Group's foreign currency exposure
• Plan, recommend and execute hedging strategies to minimise FX and/or interest rate risks
• Keep abreast of market movements and analyse economic and market trends to put forth recommendations on managing FX and interest rate risks
Treasury Operations & Reporting
• Oversee management of bank accounts (including internet banking platforms)
• As the functional owner of the Treasury Management System (TMS), ensure proper controls are in place and that the system functions properly to support Treasury processes
• Drive automation of Treasury processes and process improvement initiatives while ensuring proper governance and adequate controls are in place
• Develop, review, implement and document SOPs in line with best practice
Leadership and Stakeholder Engagement
• Develop, review and ensure compliance with Treasury policies
• Manage banking relationship with key partner banks
• Build rapport with internal stakeholders
• Provide leadership and mentorship to team members
• Prepare treasury reports and/or dashboards for the Group’s C suites
Requirements
• Degree in Accountancy, Finance or equivalent qualification; professional qualifications such as CFA or CTP preferred
• Minimum 10 years of Treasury experience, preferably with a focus on cash management and capital management
• Practical knowledge of TMS platforms and SAP
• Familiarity with Bloomberg
• Detail-oriented, independent and analytical with good problem-solving skills
• Strong leadership, communication, organisational and time management skills
• Proficient in Microsoft Office