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CASH MANAGEMENT

Cash Management SBSC-Chennai

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CASH MANAGEMENT OVERVIEWTreasury activities were first performed in Finance Operations (FO) in 2002 and today, the global FO Cash Management Team is a core sub-process within Reporting & Analysis (R&A). The team plays an integral part in a number of end-to-end Finance Operation processes with the primary objective to increase operational effectiveness in the areas of Cash Forecasting and Bank Account Management, while playing an important part in the overall Treasury control framework. 

The accuracy of the information provided by our FO Cash Management Team is critical as it supports the investment and borrowing decisions by Shell Treasury Centre London (STCL) and Shell Treasury Centre East (STCE) so as to optimise the Group’s cash position.  In addition, the FO Cash Management team protects Group value by operating the applicable controls around the treasury related risks, e.g. currency exposures, fraud risk.

FO Cash Management manages the bank accounts and related activities of approximately 450 entities globally – approximately 246 operate on primary platforms. We operate out of 4 different Shell Business Service Centre’s and in total we manage over 1,100 bank accounts generating approximately 1.1 million transactions per month. Further, FO Cash Management adds value through its role as the ‘eyes and ears’ of central Treasury by monitoring activities with treasury impact in other FO processes.

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JD ROLES & CHALLENGESRoles & Requirements:Prepare cash forecast for the day by coordinating with AR & AP and inform central treasury about the cash requirements and provide variance explanations. Prepare bank reconciliations and open line management and pass necessary journal entries.Managing banking relations and being focal point for other departments to deal with banks.Coordinate with business in initiating Bank Guarantees on behalf of Shell to the customers as and when requested by the business.Effective operation of controls ( Bank Reconciliations, Manual Journal, SOAR ) Etc.

Requirements:A Degree in Commerce with 3-4 years of experience in Cash Management/Bank Reconciliations/AR /AP.Good communication skills, proficiency in MS Office with strong stakeholder engagement skills.Knowledge on payments methodology, banking systems and foreign exchange conversions are added advantage.Willing to work in shifts.