Cash Management Officer

About The Job Cash Management Officer

Meratus Group is a leading shipping and logistics company based in Surabaya, East Java, Indonesia. We provide high-quality and reliable shipping services to our clients in various industries, including oil and gas, mining, and agriculture. Our company is committed to providing efficient and cost-effective solutions to our clients' transportation needs.

Job Overview

We are seeking a highly motivated and detail-oriented Cash Management Officer to join our finance team in Surabaya. The Cash Management Officer will be responsible for managing the company's cash flow, monitoring bank accounts, and ensuring timely and accurate processing of payments and receipts.

Key Responsibilities

• Payment scheduling.
• Receive payment requests, verify the completeness of all required documents and match bank account details between the documents and vendor master in D365.
• Submit request and schedule payments according to the due date, payment schedule or request date.
• Monitor outgoing bank account balances and create journal entries to transfer funds from incoming bank account to the outgoing bank account according to budget and payment requirements.
• Payment processing
• Set up bank transfer, giro, or check applications as payment methods.
• Follow up on declined/ failed debits or resubmit payment requests.
• Ensure documents are archived and recorded.
• Payment/Receive Cash processing
• Disbursing cash based on approved payment requests according to the policy release payment
• Receiving cash funds and the journal from Finance AP/ Finance AR team
• Journal entry for moving money from the bank account to the physical cash fund (e.g., to replenish petty cash)
• Posting journal entries on the same day cash received or disbursed
• Periodic cash calculations (cash audit) and ensure that the petty cash balance recorded in the system matches the actual balance (no deviation)
  
  

Qualifications

• Bachelor's degree in Finance, Accounting, or a related field
• Minimum of 2 years of experience in cash management or a similar role
• Strong understanding of cash management principles and practices
• Knowledge of banking systems and procedures
• Proficient in Microsoft Excel and other accounting software
• Excellent analytical and problem-solving skills
• Strong attention to detail and accuracy
• Ability to work independently and in a team environment
• Excellent communication and interpersonal skills
• Ability to multitask and prioritize tasks effectively.