Do you want to work with passionate teams, providing excellent business and digital services to the Asia Pacific region?
Do you want an open, supportive, and caring working environment?
Do you view your development needs seriously as we do?
If YES, then take your career to the #NextLevel with BASF !
Objectives of the Position
Responsible to provide Treasury Back Office transaction processing support to deliver Treasury Back Office services
Responsible in providing timely and accurate information on companies’ information on liquidity status and forecast, debt and foreign currency exposure for decision making at treasury Front Office for depositing, loan draw down and hedging activities
Ensure timely and accurate deal confirmation and posting of treasury related transactions including fund transfer, accrual and actual interest, commissions, bank charges, month to month value posting
Main Areas of Responsibilities and Key Activities
Functional Tasks (including but not limited to):
Ensure all treasury related transactions are processed in system as per SLA timely and accurately
Process automatic and manual bank statement posting
Reconcile bank statements and provide unclear bank line items details to responsible parties on monthly basis
Perform bank accounts clearing, monitor bank trade accounts in SAP tallied with bank statement
Process deal (e.g. depositing, funding, derivatives trading) posting timely and accurately
Check and verify the trade confirmation in liaison with related parties e.g. Bank, Treasury Front Office, finance function of local company, intercompany & etc
Process deal settlement (e.g. depositing, funding, derivatives trading) on electronic / paper base accurately on timely basis
Check the validity of mark to market valuation report of derivatives trades during month end to perform MTM valuation posting
Process accrued interest income and expenses as well as loan commitment fees on monthly basis
Process actual interest income and expenses as well as loan commitment fees
Process bank service charges
Update local bank published exchange rates in SAP system on daily or whenever it is required
Process group netting settlement
Prepare daily cash management report and FX exposure report accurately on timely basis
Prepare other Treasury reports in accordance with the local company management and BASF requirements
Process treasury related month end closing accurately and timely
Compliance:
Participate in any compliance audits and respond to audit queries (for both internal and external)
Ensure all work documentation and work processes are updated and met with BASF policies & guideline, local company’s policy, legal and statutory requirements
Quality and Continuous Improvement:
Identify, recommend, and implement continuous improvement opportunities in quality and efficiency to support smooth implementation
Prepare training materials and conduct end user trainings when required
Support new and existing team members through proper knowledge transfer; and sharing of best practice thereby ensuring quality is maintained through any staff transition
Others:
Support Business Continuity Plan (BCP) through resource planning, backup, and communication
Any other tasks due to Service Hub KL management strategy and/ or changing business environment may require to be performed
Additionally;
Responsible for exchange rates update in SAP system on daily or whenever it is required
Key user for Treasury Digitalization & automation. Eg; Auto bank rule setting, Macro & Power Automate
Act as Area of Competency (AOC) member or topic owner for Treasury processes
Support Internal, Regional and Global projects as and when required
About You:
Currently pursuing Diploma or Bachelor’s Degree in Accounting, Finance & Business or Professional Certification in Accounting
Able to commit up to 6 months duration..
Proficient in oral and written English
Proficient in Microsoft Excel and Power Point
Good interpersonal skills to communicate to service recipients
Good time management, good organization skills and multi-tasking skills
Ability to work independently with minimal supervision, and to excel under pressure for meeting any tight deadlines
Willing to work at Mercu Aspire, Bangsar (next to Abdullah Hukum LRT station)
The BASF Service Hub Kuala Lumpur (BASF Asia-Pacific Service Centre Sdn Bhd) is strategically located in the capital city of Malaysia. Since its inception in 2005, the hub has expanded from 130 employees to over 1,300 employees currently and is expected to keep growing. As an ISO 9001:2005 certified organization, the Service Hub Kuala Lumpur is committed to delivering high quality expertise and services in finance, people, supply chain, EHSQ (environment, health, safety, quality), product safety and digital. We take pride in providing our business services to BASF companies and affiliates across 20 markets in the Asia Pacific region and beyond. Moreover, we offer our services in 8 different languages to cater to the diverse needs of our stakeholders. Our focus on competency and technology-driven solutions allows us to consistently deliver exceptional services, thereby contributing to the success of our businesses. BASF also has two other regional hubs located in Berlin, Germany, and Montevideo, Uruguay, which cover the European and American regions.
BASF Service Hub Kuala Lumpur was recognized with nine prestigious awards in 2024, reflecting its commitment to creating a vibrant, inclusive, and empowering workplace. These awards include winning the title of Operational Excellence in HR at the GBS Asia Awards 2024, multiple accolades at the Life at Work Awards 2024, where the hub was recognized as First Runner-up for Workplace Excellence (International Organization) and CEO Champion (International Organization), as well as Second Runner-up for Best International Organization. The hub also won the title for Excellence in Learning Tech Advancement System and a Certificate of Excellence in Talent Management and Leadership at the HRD Awards 2024. Furthermore, the hub secured a Bronze Award for Excellence in Digital Transformation at the HR Excellence Awards 2024 and received a Bronze Award for Human Resources Impact and an Honorary Award for Creative Talent Management Impact at the SSON Impact Awards Asia 2024.
At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.
Intern, Treasury