Position: Treasury and Cash Control Associate Manager
Location: Quezon City
Work Set-up: Fully Onsite
Work Schedule: Dayshift | Monday - Friday
The Treasury and Cash Control Associate Manager is responsible for overseeing daily cash reconciliation activities, bank account monitoring, transaction matching, and cash control processes to ensure the accuracy, completeness, and integrity of financial records and cash balances. The role manages end-to-end reconciliation operations across multiple bank accounts, payment channels, entities, and financial systems while ensuring compliance with company policies, accounting standards, and internal control requirements.
The position plays a key role in identifying reconciliation discrepancies, investigating unreconciled items, resolving transaction variances, and strengthening financial controls surrounding cash management and treasury operations. The ideal candidate should possess strong experience in cash operations, bank reconciliations, financial controls, and transactional accounting within corporate, banking, shared services, or multinational environments.
Key Responsibilities
Cash Control and Reconciliation Operations
- Oversee daily, weekly, and monthly bank reconciliation activities across multiple accounts, business units, and banking platforms.
- Ensure timely and accurate reconciliation of cash balances between bank statements, general ledger accounts, and subledger systems.
- Monitor cash inflows and outflows, including collections, disbursements, fund transfers, and settlement transactions.
- Review and validate reconciliation reports, outstanding reconciling items, and unresolved discrepancies.
- Investigate unreconciled transactions, variances, duplicate postings, missing entries, and unusual cash movements.
- Coordinate with treasury, accounting, accounts payable, accounts receivable, and banking partners to resolve reconciliation issues.
- Ensure completeness and accuracy of cash accounting entries and supporting documentation.
- Monitor aging reconciling items and ensure timely resolution and escalation of long-outstanding issues.
- Support daily cash positioning and cash monitoring activities when necessary.
Financial Controls and Compliance
- Maintain and strengthen internal controls related to cash management, bank reconciliations, and financial transaction processing.
- Ensure compliance with accounting policies, company procedures, audit requirements, and regulatory standards.
- Review reconciliation processes to identify control gaps, operational risks, or inefficiencies.
- Assist in implementing corrective actions and process improvements to minimize reconciliation issues and operational risks.
- Support internal and external audit activities by preparing schedules, reconciliation reports, and supporting documents.
- Ensure audit readiness and proper documentation of reconciliation procedures and control activities.
- Assist in the development and enhancement of standard operating procedures (SOPs) and reconciliation guidelines.
Reporting and Financial Analysis
- Prepare reconciliation summaries, cash reports, variance analysis, and exception reports for management review.
- Analyze transaction trends and recurring reconciliation issues to identify root causes and improvement opportunities.
- Support month-end, quarter-end, and year-end financial closing activities related to cash accounts.
- Assist in ensuring proper financial statement presentation of cash and cash-related balances.
- Generate operational metrics and KPI reports related to reconciliation performance and outstanding exceptions.
Process Improvement and Systems Support
- Identify opportunities to improve reconciliation efficiency, automation, and process standardization.
- Participate in finance transformation, ERP migration, or system enhancement initiatives related to cash operations and reconciliations.
- Collaborate with technology and process improvement teams to streamline reconciliation workflows.
- Assist in implementing automated reconciliation tools and reporting solutions where applicable.
- Recommend best practices for improving accuracy, controls, and operational efficiency.
Team Leadership and Operations Management
- Supervise and support reconciliation analysts or associates in daily operational activities.
- Review team output to ensure accuracy, completeness, and adherence to service level agreements (SLAs).
- Monitor workload distribution and ensure timely completion of reconciliation deliverables.
- Provide coaching, training, and performance feedback to team members.
- Assist in developing team capabilities related to reconciliation analysis, cash controls, and financial systems.
- Escalate operational risks, system issues, and high-impact reconciliation concerns to management.
Qualifications:
- Bachelor's Degree in Accountancy, Accounting Information Systems, Finance, Management Accounting, or related courses.
- Certified Public Accountant (CPA) is preferred but not required.
- At least 3-5 years of relevant experience in cash operations, bank reconciliations, treasury operations, or financial accounting.
- At least 1–2 years of supervisory or team leadership experience is preferred.
- Experience in shared services, multinational companies, banking, fintech, or high-volume transactional environments is an advantage.
- Strong exposure to bank reconciliation management and financial controls is highly preferred.
- Knowledge of treasury operations, payment processing, and financial controls.
- Familiarity with general ledger systems and financial reporting processes.
- Experience using ERP platforms such as SAP, Oracle, NetSuite, Microsoft Dynamics, or similar systems.