Job Description

, Singapore

Job Family Group: Finance

Worker Type: Regular

Posting Start Date: January 6, 2023

Business unit: Finance

Experience Level: Experienced Professionals

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Where you fit in

Shell Treasury Centre East (STCE) is the Shell Group\xe2\x80\x99s Treasury Centre for the Asia Pacific region. Its main activity is the provision of treasury services to the Group\xe2\x80\x99s businesses, including meeting liquidity and foreign exchange requirements.

The Cash Forecasting Advisor function sits within the wider Back Office team for STCE operations. The Back Office of STCE covers all activities relating to and governing the daily transactions and operations of STCE other than direct market deal execution. These include consolidating Central Cash forecasting of Group cash, confirmation and settlement of all foreign exchange and money market deals, monitoring and reconciling Treasury bank accounts for the region, and problem resolution with banks. In addition, the team ensures regulatory and fiscal compliance with the respective regional restricted currency markets for operating company treasury accounts managed by the treasury centre.

The role involves interaction with internal and external counterparties across the region.

What\xe2\x80\x99s the role?

The Cash Forecasting Advisor will be accountable for the following:

• Responsible for error-free consolidated cash forecast from East region to Group central cash. Includes:

• Review of submitted forecasts by East operating companies.
• Consolidating cash forecasts across currencies/regions/time periods.
• Supervise and maintain oversight of back-office activities performed by Back Office Analysts. Overall responsibility for smooth operations of STCE Back Office including - confirmation, settlement, reconciliation, regulatory compliance, static data maintenance, treasury centre expense administration, charge out of service fees, withholding tax monitoring and computation.
• Daily independent review and sign-off of key Control reports prepared by the Back Office Analysts.
• Regulatory compliance responsibilities:

• Ensure regulatory compliance for restricted currency markets for cash management and bank account operations, including adherence to various regional overdraft rules.
• Daily monitoring and computation of central bank approved cross-border sweep limits for countries with sweeps from domestic pools to Treasury Centre.
• Fiscal compliance and governance:

• Review and ensure appropriate withholding tax rates are applied to all treasury relationships with operating companies where applicable, from set up of static data to periodic reviews.
• Compute the different tax rate streams for STCE customers.
• Project lead and primary interface for all treasury projects involving Back Office/Cash forecasting functions - including advise on M&As, new legal entity setups/liquidations, optimal structures for new business investments/divestments, organizational restructurings, shared services migrations, compliance requirements, etc.
• Responsible for all complex trouble shooting on cash forecasting and back-office activities. Escalation lead for negotiations and resolutions with banks on various matters like charges, fees, system issues, etc.
• Subject Matter Expert for Quantum intragroup current account postings (training will be provided).
• Training and coaching

• Primarily responsible for training and onboarding of new joiners in STCE. Provide guidance to other functional colleagues on treasury process requirement
• Develop new training materials and procedure manuals for new processes and system implementations.
• Deputize the Head of Treasury Operations in the back-office capacity.

What we need from you?

This is a specialist role and is expected to be filled by a candidate who has at least some minimal relevant experience and who foresees having a career within treasury. Being a strong team player is critical. Beyond that, the candidate is also expected to develop to a leadership role within the back-office team.

Qualifications & Experience Needed

• Experience in corporate Cashflow Forecasting and/or Back Office work (corporate treasury or financial institution) essential.
• Ability to communicate clearly and professionally. It will be advantageous to have experience in working with various stakeholders from other Asia-Pacific regions.
• Ability to explain and present clearly on team processes, risks, and operating issues to varied audiences whenever required.
• Passion for sharing knowledge and providing treasury advice.
• Highly meticulous, strong attention to detail, numerate.
• IT literate with Excel and PowerPoint skills.
• Experience with SWIFT and FIS Quantum would be advantageous though not essential.
• Experience in training andcoaching less experienced colleagues or a proven leadership track record within (small) teams would be advantageous.

Due to the regional nature of the Treasury Centres activities, this role will require the incumbent to work on some Singapore public holidays (compensated with appropriate off-days in lieu). As part of Treasury global business continuity plan, Singapore acts as fallback site for the London centre. If the plan is activated (and during at least two exercises per year) staff in the Singapore centre will be required to work outside of normal office hours.

About Shell Singapore

Shell is one the largest foreign investors in Singapore and began operations in 1891. Today, we have more than 3,200 employees in Singapore alone. The Pulau Bukom Manufacturing Site today is the largest Shell refinery in the world in terms of crude distillation capacity, which makes Singapore a key regional supply and trading centre for Shell in the East. Singapore is the largest petrochemical production and export centre in the Asia Pacific region. Shell Jurong Island (SJI) manufactures petrochemicals to meet the fast-growing demand for these products in the region. We also have one of the largest single-branded retail networks in Singapore, providing customers with a wide range of quality products and services. When you join Shell in Singapore, you can count on our commitment to help you thrive and propel your career by means of our industry-leading development programme and our available and unrivalled pool of local and global experts. Our numerous global and local skill pools as well as our diversity are key to our success and continuing innovation.

An innovative place to work

There\xe2\x80\x99s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you\xe2\x80\x99ll be adding your talent and imagination to a business with the ambition to shape the future \xe2\x80\x93 whether by investing in renewables, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part.

An inclusive place to work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are nurturing an inclusive environment \xe2\x80\x93 one where you can express your ideas, extend your skills, and reach your potential\xe2\x80\xa6

• We\xe2\x80\x99re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we\xe2\x80\x99ll take it from there.
• We\xe2\x80\x99re closing the gender gap \xe2\x80\x93 whether that\xe2\x80\x99s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
• We\xe2\x80\x99re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
• We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.

A rewarding place to work

Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.

We\xe2\x80\x99re huge advocates for career development. We\xe2\x80\x99ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.

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