Summary
Overview
Work History
Education
Skills
Timeline
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Siew Cheng Ng

Siew Cheng Ng

Treasury Manager

Summary

Experienced with managing cash flow operations and financial strategies. Utilizes strategic planning to optimize liquidity and minimize risks. Strong understanding of financial analysis and team collaboration for effective treasury management.

Overview

25
25
years of professional experience
2005
2005
years of post-secondary education
3
3
Languages

Work History

Treasury Manager

DKSH Malaysia Sdn Bhd
07.2022 - Current
  • Review daily funding requirement and cash position of group of companies and oversee treasury activities.
  • Perform treasury function and reporting such as cash management, bank account management, funding, cash forecasting, banking facilities and foreign exchange hedge with group.
  • Monitor bank accounts, loan interest schedule, long and short-term debt.
  • Handle KYC and annual review from banker.
  • Support business units on the requirements in related to treasury area and banking needs.
  • Maintain good relationship with bankers.
  • Assist in treasury initiative run from group level and enhancement for the treasury systems and technology to simplify / standardize processes and improve efficiency.
  • Involve in month end closing activities, prepare and analyse treasury reports, monitor and minimize FX exposure.
  • Liaison with collection team, payment team and highlight key focus areas to address issues to meet working capital metrics in a timely manner.
  • Ensure compliance with internal controls, procedures and policies as well as relevant external regulatory requirement.
  • Other related duties assigned as needed.

Finance Manager - Treasury

Lee's Frozen Food Sdn Bhd
02.2021 - 07.2022
  • Coordinate, participates and recommend in Corporate's financial development plans, vision and strategy to optimize business performance.
  • Lead, propose and monitoring the organization's bank and investor relationship and liquidity management.
  • Analyse and determine procurement of funds and monitors investments and collections.
  • Evaluate capital expenditures, investment activities and portfolio management.
  • Manage deposit verification, online banking system, maintaining bank statement, analyzing bank fees and implementing banking related changes as needed.
  • Manage treasury function, including meet short- and long-term funding needs.
  • Allocate cash balance, maintain investment records and prepare expense and earnings forecasts.
  • Daily cash management: cash operations, cash flow, overseeing cash transaction, ensure adequate liquidity, forecast both short- and long-term cash levels.
  • Oversees and propose to Management on financials, audits matter, investment, merger and acquisition and strategy initiatives.
  • Manage company assets and identify and propose investment assets that is profitable and worth investing.
  • Forecasting of medium and long- term funding and hedging requirements.
  • Evaluate and recommend the best possible course of action in given financial decision.
  • Interest rate risk management and development of risk mitigation strategies.
  • Foreign exchange risk management and development of foreign exchange risk mitigation strategies.
  • Managing foreign currency exposure and foreign currency payments.
  • Any ad hoc task assigned.

Treasury Manager

Aeon Big (M) Sdn Bhd
01.2020 - 06.2020
  • Lead and manage the treasury activities such as cash and liquidity management, banking operations, foreign exchange operations and banking facilities as well as sales collection sections to ensure all KPIs are met.
  • Manage, plan and execute the company funding requirements and financial resources for optimal use of funds.
  • Explore and implement cash management solutions to enhance cash concentration (e.g. set up virtual account or cash pooling account) and liquidity management including collections and payment solutions to reduce overall financing cost for the company.
  • Prepare monthly and yearly cash flows forecast and analyze the variances as compare to cash flow projection.
  • Monitor daily cash position, borrowing status for short- and long-term loans, foreign currencies transactions and handle daily cash reconciliations matter.
  • Handle bank guarantee request and monitor the utilization of the trade finance lines.
  • Vet loan legal documentation and ensure all terms and conditions are in order before sign off by the Management.
  • Support to improve financial results, reduce finance cost, enhance online electronic banking systems and streamline the current processes to improve operational efficiency.
  • Managing the relationships with bankers and working on projects with treasury implications.
  • Ensure compliance with banking standard practices, company policies and procedures, exchange control regulations and other regulatory requirements.
  • Supervise and coaching the team members on cash management issue& treasury function.
  • Oversee gift card sales department, involve in sales process and support team members on escalation case.
  • Timely submission of relevant reports for management review and regulatory bodies.
  • Any other duties or tasks as assigned by superior.

Treasury Specialist

Ericsson (Malaysia) Sdn Bhd
09.2013 - 01.2020
  • Manage daily cash management and forecasting activities to ensure sufficient liquidity to meet operational needs and arrange placement of excess funds to maximize returns for APAC regions.
  • Provide cash flow forecast and secure funding to meet payment obligations.
  • Monitor and review monthly cash flow projections submitted by the various business units.
  • Manage bank accounts and set up new payment infrastructure with cash management bank in the preferred payment method for the company.
  • Review banking facilities and set up new credit lines with bank for different countries to support business operations and expansion requirement.
  • Handle bank documentation including open and close bank account, board resolution, on-boarding / KYC, AML requirement, banking facilities agreement etc.
  • Review bank guarantee request and increase credit line when needed with bank.
  • Monitor and minimize the FX exposure in balance sheet by enter hedging with bank via online FX platform / tools (e.g FXALL, Citipulse).
  • Update & monitor forex forward hedging contract entered with bank, utilization as well as outstanding contract status in Fireapps and ensure the smooth operation of Foreign Currency Account.
  • Support in the development of automated processes and streamline processes to enhance operational efficiency.
  • Participate in new project and provide advice to stakeholders on business case that related to treasury area to minimize financial risks for the company.
  • Liaise with bankers, regulator, auditor, company secretary, tax agent and other stakeholders for any treasury related matter.
  • Maintain good working relationship with bankers.
  • Ensure compliance with treasury directives, standard processes, exchange control regulation and other regulatory requirement for the country.
  • Sign off of applicable SOX controls, submit monthly or quarterly treasury reporting on timely basis.
  • Handle project / task assigned from group treasury.

Treasury Specialist

Huawei Technologies Malaysia Sdn Bhd
06.2013 - 09.2013
  • Cash Management - Perform inter-banks fund transfer via online electronic banking system.
  • Monitor daily cash balances in all the bank accounts.
  • Prepare and update monthly cash flow forecast and arrange placement of excess funds.
  • Liaise with AP, regional treasury and bankers on cash management issues.
  • Prepare weekly cash planning for fund transfer to support representative office operation.
  • Liaise with treasury hub and local financial institutes.
  • Contract Review - Involve in contract review and negotiation for treasury clauses which include foreign exchange operation and performance guarantee.
  • Liaising with bankers and business team on all range of issues in connection with treasury clauses stated in the contract.
  • Customer Credit Review - Prepare detail financial & credit risk reports by customer to support business leaders in their market strategy.
  • Evaluate external customer credit rating by analyzing customer financial positions for decision making purposes during project tender and bidding stage.
  • Establish and monitor of credit ratings and credit line assessment in ecredit system.
  • Compliance - Ensure treasury compliance with company policies and internal control procedures. Proposed new internal controls procedure where applicable.
  • Abide to all local regulations.

Accountant

GCH Retail (Malaysia) Sdn Bhd
09.2009 - 06.2013
  • Manage cash and liquidity management activities to ensure sufficient liquidity to handle payment obligations. Invest excess cash into short term investments.
  • Monitoring the daily, weekly and monthly cash movement to ensure adequate funding is in place and analyze the variances as compare to Cash Flow Projection.
  • Handle cashiering matters and ensure safeguards bank in the daily sales collection on time.
  • Monitor and minimize FX exposures and book forward rate for month end payment.
  • Review banking facilities like Revolving Credit (RC), BG, and LC to ensure sufficient credit limit for business operations and expansion requirement.
  • Prepare Weekly Cash Report to Hong Kong on weekly basis to highlight the weekly cash flow position, SRS pack to Hong Kong on quarterly basis and other monthly report for the group treasurer and management review.
  • Continually streamline treasury operations policies and procedure, drive for improvement on current processes and enhance electronic banking systems when needed.
  • Approve accounting input documents on receipts and other accounting journals.
  • Review and ensure accuracy of monthly balance sheet schedule, bank reconciliation and minimize the unreconciled items in selected control accounts.
  • Liaise with bankers, auditor, company secretary and tax agent on treasury related matters.
  • Oversee various types of gift voucher and keep reasonable stock on hand. Perform regular check on stock to ensure physical stocks are tie with system report.
  • Implement process improvement on handling gift voucher.
  • Oversee individual employee development and conducts performance appraisals.
  • Perform any other duties as and when necessary or assigned by Manager.

Assistant Manager

Mahir Selaras Sdn Bhd
01.2005 - 08.2009
  • Prepare full set of account according to standard accounting rules and regulation.
  • Prepare individual project ledger listing for cost control and ensure it follow budget guideline.
  • Formulate, review and implement internal accounting controls and procedure such as cash flow management, costing, budgeting and tax planning.
  • Prepare and ensure timely submission of necessary report for management review.
  • Involve in budget planning, forecast and monitor the actual performance against the budget.
  • Liaison with auditor, tax agent, company secretary, banker, lawyer and consultant for the matter like Bank Guarantee, CGC, OD and other bank facility.
  • Involve in purchasing department in handling day-to-day purchasing functions.
  • Negotiate with supplier for lower price of the material purchase or hire machinery or equipment.
  • Sourcing of new supplier and ensure a competitive pricing from received from different supplier.
  • Review, implement and enhance purchasing system.
  • Overview the administrative work to ensure the end to end process being handled in the most effective manner.
  • Involve in ISO implementation.
  • Coordinate with site personal for any arrangement and assist in handling site admin problem.
  • Prepare monthly salary, EA form, KWSP, SOCSO, PCB and involve in staff recruitment process.
  • Involve in appraisal process for each staff, knowledge sharing and provide coaching to the teams.

Accounts Executive

Prudential Assurance Malaysia Berhad
08.2004 - 12.2004
  • Prepare budget and update actual spent for each department by closely monitor the usage to ensure all expenses are within company approved budget limit.
  • Analyse the variance from budget listing against actual expenses and provide some justification based on the analyses.
  • Review space allocation or relocation of each branch and agency office ensure the expansion is compliance with company policy and procedure.
  • Negotiate with Landlord and Tenant for various PRU branches, various expat accommodation and the rental for new premises or renewal for the existing premises being rented.
  • Liaising with Legal Advisors, Landlord, Tenant and other parties for drawing up the new or termination of tenancies Agreement for the company premises or rented premises.
  • Preparation of monthly reconciliation between the GL and the sub ledger.
  • Prepare and provide some recommendation on Branch Productivity Report, Branch Expenses Report and etc.
  • Calculation of monthly notional rent for reporting section and prepare of rental payment listing (e.g. new, renewals and terminations) for communication to property.

Account Assistant

UMW Toyota Motor Sdn Bhd
06.2000 - 06.2001
  • Prepare invoice, refund, early settlement, petty cash and other task as assigned from branch offices.
  • Ensure all the documents receive from branches are well prepared and submit on time.
  • Verify documents, preparation of financial data for entry into the accounting system, filing and process payment to pay customer.
  • Prepare bank reconciliation on monthly basis, customer monthly report, customer account and etc to ensure no overdue payment.
  • Update each branch office on the new budget set, new policies and procedures, authorization and other information which relate to the preparation of document.
  • To attend the issues raised by customers and provide solution from case to case basis.
  • Communicate with banker on monthly auto payment on selected customers and other problems in relation to payment.
  • Any task as assigned by manager.

Education

BA (Hons.) - Accountancy and Finance

University of Abertay Dundee

Skills

MS PowerPoint

Timeline

Treasury Manager

DKSH Malaysia Sdn Bhd
07.2022 - Current

Finance Manager - Treasury

Lee's Frozen Food Sdn Bhd
02.2021 - 07.2022

Treasury Manager

Aeon Big (M) Sdn Bhd
01.2020 - 06.2020

Treasury Specialist

Ericsson (Malaysia) Sdn Bhd
09.2013 - 01.2020

Treasury Specialist

Huawei Technologies Malaysia Sdn Bhd
06.2013 - 09.2013

Accountant

GCH Retail (Malaysia) Sdn Bhd
09.2009 - 06.2013

Assistant Manager

Mahir Selaras Sdn Bhd
01.2005 - 08.2009

Accounts Executive

Prudential Assurance Malaysia Berhad
08.2004 - 12.2004

Account Assistant

UMW Toyota Motor Sdn Bhd
06.2000 - 06.2001

BA (Hons.) - Accountancy and Finance

University of Abertay Dundee

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Siew Cheng NgTreasury Manager