Job Summary
The primary job purpose of this role is to ensure the accurate and efficient management of the company's cash flow and the proper handling of employee expense reimbursements for both Songjiang and Anji sites/entities. This involves safeguarding cash assets by meticulously overseeing daily cash transactions, maintaining appropriate cash levels in coordination with the operating demand, and implementing stringent security measures. Additionally, it entails carefully reviewing and approving employee reimbursement requests in line with company policies to ensure fairness and compliance while also providing guidance to employees on proper documentation. Ultimately, the aim is to optimize cash management processes and facilitate smooth financial operations related to cash and employee expenses within the company.
Job Description
1. You manage daily cash inflows and outflows, including cash receipts from various sources and cash disbursements for company expenses, coordinate closely within finance, procurement and sales team to ensure optimal cash levels are maintained
2. You perform regular bank reconciliations to ensure the company's cash records match the bank statements. Liaise with the company's banks to resolve any banking issues, such as incorrect charges or missing transactions.
3. You provide the finance leaders with accurate and up-to-date information on bank balances and transactions for financial reporting purposes, prepare cash-related reports, including cash position summaries and cash flow statements, for management review
4. You evaluate and recommend banking services and products that could benefit the company, such as more efficient payment processing options or interest-bearing accounts. Work with the Procurement team when negotiating banking fees and services contracts.
5. You review and process employee expense reimbursement requests in accordance with company policies. Collaborate with cross functions to ensure employees are aware of the reimbursement policies and procedures, interact with employees directly to clarify any questions or discrepancies regarding their reimbursement submissions
6. You continuously assess and improve the cash management and expense reimbursement processes. Identify areas for automation or streamlining, such as implementing an electronic expense submission and approval system. Collaborate with the IT department to implement process improvements and ensure system integrations are seamless
What will it take
Education: A minimum of a bachelor’s degree in accounting, finance, or a related field is typically required.
Experience: 3-5 years of overall accounting experience with preferably 1-2 years in cash/bank management and expense reviewing area
IT Skills: JDE, Certify, MS365.
Language Skills: written fluency in English Traveling required: 10% of travel to Anji required.