Assistant Manager, APAC Regional Treasury Center
DISNEYSingapore singaporeUpdate time: May 28,2020
Job Description
Job Summary:
For over 90 years, The Walt Disney Company has been the preeminent name in the field of family entertainment and the Disney name has symbolized creativity, innovation, trust, decency, optimism and quality. It is also the world's biggest family entertainment company powered by the biggest brands in storytelling: Disney, Pixar, Marvel, ABC, ESPN, STAR, Searchlight and Lucasfilm. Together with our subsidiaries and affiliates, Disney is a global entertaining company with four business segments: Media Plus Networks, Parks, Experiences and Products, Studio Entertainment, and Direct-To-Consumer and International. Disney's international business is a significant contributor to the company's financial success and its growth has been a key strategic priority. The company has been present in Asia Pacific since the 1930's when the animated feature Snow White and the Seven Dwarfs first delighted audiences in Mainland China, and has since opened offices in key markets including Australia, China, Hong Kong, India, Japan, South Korea, Malaysia, New Zealand, Singapore, Taiwan, Thailand, Vietnam, Indonesia, and the Philippines, employing nearly 10,000 Cast Members. In order to meet the growing business needs in the Asia Pacific region (APAC), a Regional Treasury Center (RTC) was established in Singapore.
The Treasury organization is comprised of a Corporate Treasury Team located at the Headquarters' of The Walt Disney Company in Burbank, California, and the Regional Treasury Centers (one in London, UK, covering the EMEA market, one in Buenos Aires, Argentina, supporting LATAM and one in Singapore, covering APAC). Corporate Treasury supports all business segments globally and has the following functional areas- Corporate Finance, International Treasury, Global Cash Management, Enterprise Consumer payments, Pension & Investments, and Decision Support. Treasury is responsible for increasing shareholders value through the execution of innovative financial solutions and opportunistic funding in the global financial markets; providing adequate and stable liquidity to support company's short and long term needs; reducing the Company's earnings volatility associated with movements in foreign currency rates and interest rates; supporting all businesses with required banking services and credit card processing while maintaining adequate controls over the company assets, minimizing cost and optimizing interest.
GENERAL DESCRIPTION POSITION
The Treasury Assistant Manager will report into the Senior Treasury Manager at the APAC RTC. The APAC RTC is responsible for all Treasury related activities for Disney's wholly owned entities in the region. The Assistant Manager will work closely with Corporate Treasury risk, liquidity and cash management teams, and regional and local Controllership teams to manage APAC liquidity, investment and banking activities with the focus on the following:
The Treasury organization is comprised of a Corporate Treasury Team located at the Headquarters' of The Walt Disney Company in Burbank, California, and the Regional Treasury Centers (one in London, UK, covering the EMEA market, one in Buenos Aires, Argentina, supporting LATAM and one in Singapore, covering APAC). Corporate Treasury supports all business segments globally and has the following functional areas- Corporate Finance, International Treasury, Global Cash Management, Enterprise Consumer payments, Pension & Investments, and Decision Support. Treasury is responsible for increasing shareholders value through the execution of innovative financial solutions and opportunistic funding in the global financial markets; providing adequate and stable liquidity to support company's short and long term needs; reducing the Company's earnings volatility associated with movements in foreign currency rates and interest rates; supporting all businesses with required banking services and credit card processing while maintaining adequate controls over the company assets, minimizing cost and optimizing interest.
GENERAL DESCRIPTION POSITION
The Treasury Assistant Manager will report into the Senior Treasury Manager at the APAC RTC. The APAC RTC is responsible for all Treasury related activities for Disney's wholly owned entities in the region. The Assistant Manager will work closely with Corporate Treasury risk, liquidity and cash management teams, and regional and local Controllership teams to manage APAC liquidity, investment and banking activities with the focus on the following:
Responsibilities:
- Provide guidance to ensure efficient cash positioning for the region
- Propose and execute liquidity strategies to ensure an efficient use of the region's cash, including coordinating with Treasury, Tax and regional Controllership.
- Support the management of a portfolio of external and internal loans, ensuring compliance with loan covenants.
- Manage APAC cash forecasting with the objective to repatriate excess cash or put in place funding requirements.
- Oversee APAC region's bank accounts, signatories and online banking platforms and ensure appropriate controls are in place to protect Company's monetary assets and prevent fraud.
- Support region-wide initiatives like Bank Request for Proposal, Treasury system implementations and upgrades, and process improvements.
- Act as internal business partner to support local teams with ongoing business requirements and implementation of cash management solutions that offer potential cost or efficiency improvements.
- Keep up to date on Country Regulations and ensure APAC region's entities adhere to and comply with these regulations.
- Manage cash management banking relationships, negotiation of bank agreements and documentation, ensuring the region is receiving a robust product offering, the provision of excellent customer service, and a competitive fee structure, while looking for business opportunities to support our relationship banks.
- Manage and facilitate the issuance of Bankers’ Guarantee, Letter of Credit, etc.
- Evaluate and review any proposed strategies from internal business stakeholders. Develop analysis models and tools to make key decisions.
Basic Qualifications:
BASIC Qualifications- Bachelor's degree (or equivalent) in Business, Finance, Accounting, Economics or related field required
- Four or more years of treasury/cash management related experience in a multinational company or a bank with total of 5 to 8+ years of total experience in a financial related field
- Strong Communication Skills
- Consistent track record of building strong internal and external business relationships
- Ability to manage and prioritize workload to ensure appropriate controls while driving forward strategic initiatives
- Microsoft Excel Proficiency
- Experience in implementing Treasury Management System
- SAP Knowledge / Experience
- Strong ability to identify and communicate strategies, issues, and action plans to Treasury, regional Controllership and local teams and other internal and external partners
- Track record of setting challenging goals and holding him/herself accountable to those goals in order to deliver results
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