Assistant Working Capital Manager

Job Summary: 

The Assistant Working Capital Manager will support the Deputy Financial Controller in managing and monitoring the company’s working capital to optimize financial health. This role involves analyzing financial data, managing cash flow, preparing annual plans and forecasts, and implementing strategies to improve working capital efficiency.

Job Description:

• Cash Flow Management: Monitor daily bank movements to ensure transactions are as planned and to update cash collection status, as well as monitoring intercompany payment and receipts.
• Accounts Receivable: Oversee the collection process, work with operations to ensure timely receipt of payments and strive to reduce days sales outstanding (DSO).  Analyze status of outstanding invoices for required provisions.
• Accounts Payable: Manage payment schedules to optimize cash outflows while maintaining good supplier relationships.
• Financial Analysis: Conduct regular financial analysis to identify trends, variances, and opportunities for improvement in working capital management.  Prepare cashflow forecasts.
• Reporting: Prepare and present regular reports on working capital metrics to senior management.
• Planning: Prepare the annual cashflow plan and assign collection targets.
• Process Improvement: Identify and implement process improvements to enhance working capital efficiency.
• Compliance: Ensure compliance with financial regulations and company policies.