Assistant Treasury Manager
Role Overview
Assistant Manager – Treasury in the Finance / Treasury department, reporting to the Treasury Manager, Head of Finance, or CFO.
Leads day-to-day treasury operations for a growing real estate development business and manages liquidity, banking, financing, escrow accounts, and a team of 8–10.
The role supports construction funding, cash protection, and financial obligations to lenders, contractors, and regulators.
Key Skills for This Role
Full Job Posting
Role overview
Assistant Manager – Treasury in the Finance / Treasury department, reporting to the Treasury Manager, Head of Finance, or CFO.
Leads day-to-day treasury operations for a growing real estate development business and manages liquidity, banking, financing, escrow accounts, and a team of 8–10.
The role supports construction funding, cash protection, and financial obligations to lenders, contractors, and regulators.
Cash, financing, and escrow
- Oversee daily cash positioning and prepare rolling 13-week, monthly, and annual project and group cash flow forecasts.
- Plan restricted intercompany and project fund transfers and recommend investments for surplus funds within approved parameters.
- Support financing raises; manage loan drawdowns, repayments, interest, rollovers, covenants, compliance certificates, debt registers, and facility utilization.
- Manage project escrow accounts, off-plan collections, construction-progress releases, reconciliations, allocations, withdrawal requests, certifications, and retention releases.
Banking, controls, and reporting
- Manage bank relationships and negotiate pricing, fees, and facility terms; oversee guarantees, letters of credit, trade finance, account opening and closure, KYC, and signatory mandates.
- Oversee contractor, supplier, and operational payments and maintain approvals, documentation, segregation of duties, dual authorization, and bank reconciliation.
- Support internal and external audits and resolve observations; monitor interest rate, foreign exchange, counterparty, and liquidity risks.
- Prepare daily, weekly, and monthly treasury reports and analysis for management, board presentations, feasibility studies, and project funding plans.
- Coordinate with Finance, Sales, Projects, Procurement, and Legal to align funding with project timelines.
Team leadership
- Lead, mentor, and develop 8–10 treasury officers, analysts, and executives; allocate work, set objectives, review output, and conduct appraisals.
- Build team capability through training, process documentation, succession planning, and treasury process improvement and automation.
Qualifications and experience
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Minimum 8–10 years of progressive treasury or corporate finance experience, including 3–4 years in a supervisory role managing a team.
- Hands-on experience with project and construction financing, escrow account management, and trade finance instruments.
- Proven track record managing banking relationships and negotiating facilities; working knowledge of applicable real estate and escrow regulations.
- Experience in real estate development, construction, or infrastructure is strongly preferred.
- A professional qualification (CA, CPA, ACCA, CMA, CFA, or CTP/ACT) or an MBA in Finance is strongly preferred.
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