Date Posted:

2025-01-02

Country:

Korea, Republic of

Location:

6F, 8F, TWO IFC, 10 Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul, Korea

To support OEK Treasury head for below responsibilities

Responsibilities

Global/Regional strategic plan implementation

Proper financing support to setup/acquire/merge/investment/Liquidation of the legal entity in the region.Global cash pool setup and management

Business Partner – introduce proper bank solution to support business.

Factoring and SCF program to improve area cash flow.Other financing solution: To support top line (MOD/Distributor financing solution)Collection solution: Offer NE/SVC team with efficient collection method such as direct debt or cell phone collection bidding with OTIS ONE.

Liquidity Management - Ensure sufficient funding in place

Cash forecast: Maintain daily / monthly cash forecast and proper fund transfer.Financing action: Determine appropriated financing actions.Non-cash asset management: bank draft, promising note, check, LC etc. To ensure it is cashed timely or early discounting as necessary.Cash reporting: Periodical cash collection report and balance reporting. Cash pool/auto sweeping within the country.

Surplus cash ST investments (regulated countries/areas)

Explore high return offering.Proper investment mix: different tenor with good liquidity.

Maintain appropriate credit facilities

Renew/Adjust the facility: with bank or OTC to support business (BG/FX/LC/OD/Short term loan)Set up BG issuance guidance:  Cheapest fee in different tenor and meet business team timeline.Move offline processes to online platform.Periodic reconciliation and cost analysis

Manage FX exposure and hedging

FX exposure analysis: project base and monthly bulk purchasingEarly/delay management: Forward roll over or currency SWAPFX gain and loss analysisEnsure compliance of foreign exchange law and regulatoryCommodity hedging as necessary.

Cash repatriation to WHQ, including -

OU dividend declaration and paymentOtis cash pool and intercompany loan managementDeposit with OIL

Bank Relationship and Accounts

Maintain relationship with Otis relationship/non-relationship banksOpen/close accountE-banking accessBank charge and interest expense.

Insurance

Coordinate on insurance coverage with global and local policies.

Governance

SOXA compliance and self-testing.

QUALIFICATIONS & REQUIREMENTS

Bachelor’s degree in financeA minimum of 4-6 years’ experience in corporate Treasury or finance function, preferrable in an MNCGood knowledge of Microsoft OfficeGood communication skillsGood English language skills

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