Treasury Remittance Executive
Full-time
Junior Executive
Kuala Lumpur, Wilayah Persekutuan K...
3 weeks ago
Job Descriptions:Generating opening balances of the Remittance partnersPrepare forecast for amount to prefund to Remittance partners in consultation with the business teamMonitoring bank balance to ensure sufficient balance i...
Job Descriptions:
- Generating opening balances of the Remittance partners
- Prepare forecast for amount to prefund to Remittance partners in consultation with the business team
- Monitoring bank balance to ensure sufficient balance in the account to execute the deals
- Request for additional funding from Finance team when required
- Process Foreign Telegraphic Transfers (TTs) using bank online portal and ensuring bank authorizers approves before the cut-off time
- Following up on the TTs with bank officers for their execution and ensure all TTs are released before the end of the day
- Ensure that deals booked for the day have been utilized and there is no outstanding
- Sending prefunding e-mails to Remittance partners and ensuring prefunding updated in our ledgers accordingly, otherwise to follow up with e-mail
- To liaise and work closely with Treasury Ops team on available balance of each partner and to switch to another alternative partner if balance runs low (if advance credit is not approved)
- Ensure balance in Remittance system is correctly maintained and vouchers are key in on a timely manner in Remittance system, including dealing with the developers of
- Remittance system to correct any identified issues
- Perform reconciliation of balance between Remittance partners’ statement and Remittance system
- On Sundays, assist in uploading of bank statement from bank portal to admin portal for
- Cash Deposit transactions, approval of corporate funding received and validation of bank account.
Key Skills & Knowledge:
● Proficiency in Microsoft Office and accounting/remittance software
● Able to work independently and at the same time as part of a team
● Responsible, committed and have the passion to continue growing with the company
Perks & Benefits
- Nearby public transport
- Central location
- Free snacks / Happy hours
- Regular team activities
- Medical insurance
- Personal development opportunities
- Dental insurance
- Paid training and development
Instapay's digital account is specially designed for the needs of your workers. Instapay account's mobile app is linked to Instapay Mastercard which makes it extremely convenient for your employees to receive their salaries into their Instapay accounts.
Instapay is regulated by Bank Negara Malaysia (Central Bank of Malaysia) and empowers your workers while simplifying the salary payment process for you. It streamlines payroll, makes organisations compliant with regulations and promotes financial inclusion of workers.
The platform is currently available in Malaysia, a country that is a major destination for migrant workers from other south Asian countries. The migrants are usually employed in low-skilled work and face challenges of financial inclusion, among others. Instapay’s vision is to build the capacities of employer organisations to manage their payroll in a financially inclusive and regulation compliant manner. It also aims to facilitate the entry of the migrant workers into the formal digital economy by securing their earnings and allowing them to make purchases and remit funds online.
