Accounting Specialist - Treasury

Company: Samsung Electronics America Inc
Location: Ridgefield Park
Posted on: May 26, 2023

Job Description:

Position SummaryThis position is responsible for the cash management of SEA, the financing of North American (NA) subsidiaries, and the implementation of new treasury processes and systems at NAHQ. This position requires strong analytical and research skills, communication skills with various departments and subsidiaries, as well as leadership and an innovative mindset to lead change management and to successfully implement various kinds of projects to improve treasury operations.Every role at Samsung presents a new opportunity to make a lasting, global impact. We believe that innovation and growth are driven by an inclusive culture and a diverse workforce. We're seeking innovators to create a global team where everyone belongs and has equal opportunities, inspiring our talent to be their true selves. Together, we are building a better tomorrow for our customers, partners and communities.Join the Samsung family and be part of the team that's creating a better future.Role and Responsibilities* Liquidity Management; supervise daily cash management of US pooling and support regional treasurer to make decision for investment or loan, advise Canadian subsidiaries* Study best practices of treasury functions and recommend new processes or systems to improve the current practices* PMI (Post merger integration) in terms of treasury; analyze merged companies' banking structure, payment process, and banking relationship and recommend optimal structures for them* ISDA and Dodd & Frank regulatory follow up for new merged companies or new banks* Oversee month end closing for cash, short term investment, and debts* Supervise FX risk management; review subsidiaries' FX hedge, recommend hedge strategy for the subsidiaries, communicate with HQ* Administer online bank portal for SEA and guide subsidiaries to comply with treasury policy* Lead training staff of subsidiaries; host treasury conference or visit subsidiaries to instruct new system or updated treasury policy* Monitor and update most recent financial market status to HQ Korea and top management* Management banking relationship* Financial market (Federal Reserve, Monetary and fiscal policies) sensing that may have an impact on the company in terms of money market depository accounts as well as time deposits* Analyze competitor's financial statements for risk management* Analyze DSO/DPO of SEA and daughter companies to optimize working capital structure* Lead financing related projects to support business; analyze potential outcome and feasibility of the recommendation for various projects in terms of treasury* Project management ability; meet deadline of each task and communicate successfully with other departments or subsidiaries* Advise on investment allocations* Managing investments with average duration of 10-12month* Forecasting cash flow for the entire region to avoid idle cash and make use of our strong balance sheetSkills and Qualifications* Bachelor's degree in Business or Finance required, CFA or CTP preferred* Excellent communication in both Korean and English (verbal and written) is preferred* SAP experience preferred or treasury work station experience* At least 5 year of experience in company finance Functions, accounting management, accounting firms.* Accounting knowledge and relevant experience* Strong financial analysis, modeling and valuation skills* Strong Organizing Skill is required to manage a large volume of data and documents* Project management skills require* Effective collaboration and interpersonal skills, with the ability to work effectively across cultures and levels within the business and align internal and external stakeholders toward common objectives* Highly proficient with Excel, PowerPoint, Outlook and Word* A desire to move quickly and decisively in a fast-paced environment* Strong analytical skills and ability to synthesize quantitative and qualitative information concisely into strategic recommendations* Please visit Samsung membership to see Privacy Policy, which defaults according to your location. You can change Country/Language at the bottom of the page. If you are European Economic Resident, please click here.At Samsung, we believe that innovation and growth are driven by an inclusive culture and a diverse workforce. We aim to create a global team where everyone belongs and has equal opportunities, inspiring our talent to be their true selves. Together, we are building a better tomorrow for our customers, partners, and communities.* Samsung Electronics America, Inc. and its subsidiaries are committed to employing a diverse workforce, and provide Equal Employment Opportunity for all individuals regardless of race, color, religion, gender, age, national origin, marital status, sexual orientation, gender identity, status as a protected veteran, genetic information, status as a qualified individual with a disability, or any other characteristic protected by law.COVID-19 Vaccine MandateSamsung Electronics America requires all employees to be fully vaccinated against COVID-19, unless a medical or religious exemption, or an exemption required under state/local law, is approved. Offers of employment are contingent upon proof that a candidate is fully vaccinated or qualifies for an exemption. More details on how to apply for an exemption are provided after the application process is complete.Reasonable Accommodations for Qualified Individuals with Disabilities During the Application ProcessSamsung Electronics America is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you have a disability and require a reasonable accommodation in order to participate in the application process, please contact our Reasonable Accommodation Team (855-557-3247) or SEA_Accommodations_Ext@sea.samsung.com for assistance. This number is for accommodation requests only and is not intended for general employment inquiries.

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