PURPOSE
To ensure effective cash flow management, optimise working capital and leverage banking facilities to support IFSS’s profitable business growth.
The position focuses on three key objectives:
- Cash In: Ensure timely collections from major B2B customers and minimise overdue receivables. \
- Cash Out: Optimise payment schedules with major domestic and international suppliers while maintaining strong business relationships.
- Financial Leverage: Secure and manage banking facilities to finance business expansion, improve capital efficiency and minimise financing costs.
RESPONSIBILITIES
1. Cash Flow & Working Capital Management
- Maintain sufficient liquidity to meet operational and financial obligations.
- Optimize cash conversion cycles, including DSO and DPO.
- Identify opportunities to improve working capital efficiency.
2. Customer Collection & Supplier Payments
- Ensure timely collections from key customers.
- Manage supplier payment commitments and credit terms.
- Coordinate with Sales, Purchasing and Finance to balance cash inflows and outflows.
3. Banking & Trade Finance
- Establish and maintain relationships with financial institutions.
- Support negotiations of credit facilities, interest rates and financing terms.
- Optimize banking facilities to finance profitable revenue growth.
4. Cost Optimization & Financial Risk
- Monitor and reduce financing costs and controllable fixed operating expenses.
- Manage liquidity, foreign exchange and interest rate exposure.
- Ensure compliance with internal financial controls.
MAIN TASKS
Daily
- Monitor bank balances, cash inflows and payment obligations.
- Follow up on major customer collections and overdue receivables.
- Coordinate supplier payments according to approved schedules.
- Identify potential cash shortages and escalate financial risks.
Weekly
- Prepare and update a rolling 13-week cash flow forecast.
- Review customer aging reports and supplier payment schedules.
- Monitor banking facility utilisation and upcoming loan repayments.
- Coordinate with Sales and Purchasing on working capital requirements for major transactions
Monthly
- Prepare cash flow and working capital performance reports.
- Review DSO, DPO, financing costs and bank facility utilisation.
- Evaluate financing requirements for upcoming sales and import transactions.
- Identify opportunities to reduce fixed costs and improve cash efficiency.
- Recommend financial solutions to support business expansion.