Treasury Executive in ho chi minh, Hồ Chí Minh at Bel Brands USA

The Bel Group is a major player in the food industry through portions of dairy, fruit and plant-based products, and one of the world leaders in branded cheeses. Its portfolio of differentiated and internationally recognized brands includes The Laughing Cow®, Kiri®, Babybel®, Boursin® Nurishh®, Pom'Potes® and GoGo squeeZ®, as well as some 30 local brands. Together, these brands helped the Group generate sales of €3.74 billion in 2024.

Do you want to join a company with strong brands that puts consumers and responsibility at the heart of the decision-making process? Then Bel is made for you!

Are you bold, pragmatic, and determined? Do you want to contribute to the transformation of an international agri-food company? Them come join us and measure the impact of your talent and energy in realizing an ambitious and sustainable company project!

#IWorkForAllForGood

LOCATION & REPORT

Job Title: Treasury Executive

Location: Head Office in Ho Chi Minh City

Scope: Vietnam

Reporting to: Accounting & Tax Manager cum Shared Service Manager

RESPONSIBILITIES – WHAT DOES SUCCESS LOOK LIKE?

1/ Essential business activities expected from this position:

Transaction services

Coordinate between Accounts Payable function and Group Treasury team on outgoing payments. This position acts as the main contact point to the Group Treasury on all communication link to Treasury day-to-day operations.

Liaise with banking partners to process payment: sending documentations, compliance requirements

Filling documents

Liaise with Group Treasury to ensure proper clearing of treasury suspense accounts in SAP

Process manual payments on Citi direct: custom duties, payroll, tax/insurance.

Post manual payments to SAP

Liaise with banking partners & relevant functions on incoming fund received: sales receipt, other funds (where applicable)

Foreign Currency management

Calculate and update foreign currency needs

Coordinate with banking partners to purchase FX.

Liaise with internal approvers and banking partners on supporting documents (FX agreement, suppliers supporting documents etc.)

Funding management

Maintain a follow-up of all available bank facilities.

Ensure loan interests are properly calculated and paid on-time to banking partners.

Ensure matured loan will be settled on-time.

Ensure time deposit will be processed on-time.

Liaise with internal approvers and banking partners on loan drawdown transactions.

Reporting, Communication & Compliance

Treasury operation reports/ communications to Group Treasury: reports on manual debits; loan drawdown transactions.

Monthly update cash transaction report for Singapore entity (20 transactions/month).

Weekly treasury forecast (direct method) to line manager.

Monthly Treasury report (direct method) to submit to Group Treasury

Monthly bank reconciliation

Maintain an updated and valid PoA, authorization matrix for banking transactions.

In charge of bank account balancing between the bank partners (CITI & BNP).

Act as a primary contact to the Account Manager at CITI & BNP to manage the day-to-day treasury operation at Bel Vietnam.

2/ Examples of issues encountered by the job holder as well as nature and level of complexity (such as uncertain environment, need for innovative solutions, time constraints, need for coordination with other departments, etc.)

Complex payments on various incentives & supports to distributors.

Change in regulations on compliance with banking processes.

Coordination with Group Treasury department (Paris) – Banking partners (2 in VN) – and cross function to ensure service quality.

3/ Key performance indicators and impact on results (qualitative and quantitative)

Efficient management of relationship with bank partners (CITI, BNP).

Ensure proper funding to the business operation

Ensure efficient management of cash resource.

On time payment to suppliers

Proper and timely reporting of treasury status

SKILLS & EXPERIENCE REQUIREMENTS

1. Requirements

Graduated from University – specialized in Finance & Accounting or Banking

At least 3-4 years of experience in Treasury Accounting

1. Skills

English: fluent in speaking & writing.

Careful and high level of dedication to detail

Time management skills

Communication skills: clear – efficient – transparent

SAP experience: must have.

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