Executive - Treasury

Executive ‐ Treasury (1-year Fixed Term Contract) 

(Based at Activewear - Nawala) 

The Activewear Value Stream delivers high-performance sportswear and athleisure solutions designed for technical functionality, durability and everyday versatility— serving sports, lifestyle and performance segments. With a strong focus on innovation, MAS is advancing wearable technology that tracks fitness and workout analytics while blending advanced sportswear with fashion and aesthetic appeal. Operating across Sri Lanka, Jordan and Indonesia, and with development centres in Sri Lanka and Canada, Activewear serves a global customer base that includes Nike, Lululemon, Patagonia and Gymshark. The Activewear product range offers diverse solutions such as Knit, Fleece, Tees, Woven, Sweaters, Engineered Knit. As a unified platform, the Activewear Value Stream combines global scale, speed and technical expertise, positioning MAS as a trusted partner for innovative, performance and lifestyle apparel.  

Empower transformation by becoming a driving force of change at MAS. We are on the lookout for a dedicated individual to assist the management of divisional funds in order to minimize cost of short term/long term funding and ensure effective funding of day-to-day operations whilst, exploring best practices and using treasury tools to minimize risks posed by macro-economic conditions.

KEY RESPONSIBILITIES

• Check daily balances of all the accounts maintained under the cluster (USD & LKR) in order to regularize the overdrawn accounts to avoid Overdraft interest and ensuring smooth operations.
• Ensure that relevant funds are transferred and available in respective bank accounts on time for LKR payments, salaries, PAYE, petty cash and pay orders based on the requirements of each plant/ business division. 
• Ensure the availability of funds to make necessary USD payments, advise the banks that are to be used for such payments and make fund transfers as and when the need arises.
• Monitor Daily Fund availability, Prepare the daily Fund status report and share with the Management.
• Obtain weekly cashflow requirements from different teams for the purpose of projecting the weekly cash requirements while comparing the actuals against the forecast and circulating to the team.
• Obtain signatures on export LC documents and submission of the same to Bank in a timely manner and informing Commercial team of the same.
• Maintain schedules for both import/ short term and long term loans and LCs/ guarantees/ avalised bills for each bank whilst, handling obtaining and recovery of all loans and settlement of guarantees.
• Update records on SAP for fund transfers, loan recoveries and loans granted in a timely and accurate manner in order to maintain the accuracy of information and facilitate smooth operations.
• Obtain SPOT/CASH rates from banks for currency conversions.
• Circulate the required bank statements to the shared services and resolving any issues in bank reconciliations with the team while obtaining interest calculations and checking the accuracy of the same with internal records.
• Attend and finalize action items identified at the weekly Debtor’s review to ensure existence of a Debtors ageing analysis without overdue balances.
• Gather information for audits - Year end, internal audits, Bank's audits and liaise with Banks, Group Legal, Group Treasury to finalize Facility offer Letters on time.

KNOWLEDGE AND SKILLS 

• Degree in Finance field.
• Professional qualification in CIMA is preferable.
• 1 - 2 years of relevant work experience in dealing with banks and financial institutions.
• Knowledge on cash management, banking operations, trade finance, Company secretarial practices.
• Good communication, interpersonal & negotiation skills.