Treasury Intern null

About BASF Malaysia

BASF SE, an initialism of its original name Badische Anilin- und Sodafabrik (German for ‘Baden Aniline and Soda Factory’), is a European multinational company and the largest chemical producer in the world. In Malaysia, BASF has been operating for more than 30 years with 6 leading production and operation sites, 3 joint-venture businesses, and a regional service hub for Asia Pacific located in the country.

Your role

As a Treasury Intern at BASF Malaysia, you will have the following duties & responsibilities:

• Functional Task
  • Ensure all treasury-related transactions are processed in the system as per SLA timely and accurate.
  • Process automatic and manual bank statement posting.
  • Reconcile bank statements and provide unclear bank line item details to responsible parties monthly.
  • Perform bank account clearing, and monitor bank trade accounts in SAP tallied with bank statements.
  • 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 in the region and at Headquarter, finance function of a local company, and intercompany.
  • Process deal settlement (e.g. depositing, funding, derivatives trading) on an electronic / paper basis accurately on a 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 monthly.
  • Process actual interest income and expenses as well as loan commitment fees. Process bank service charges. Update local bank-published exchange rates in the SAP system on a daily or whenever it is required.
  • Process group netting settlement.
  • Prepare daily cash management report and FX exposure report accurately on a timely basis.
  • Prepare weekly/monthly cash position report, FX exposure report, and facility report for submission to headquarters.
  • Prepare monthly derivatives reports to BASF SE/ BASC GAR.
  • Prepare other Treasury reports by the local company management and BASF requirements
• Service Management:
  • Close alignment with BASC AR, ICR, AP, GAR, treasury Front Office, Mid Office, and if required bank counterparties to deliver customer services timely and accurately.
  • Ensure timely delivery of cash management, foreign currency exposure, and liquidity planning reports to meet transaction cut-off time defined by banks and internal and external trading partners.
  • Ensure timely and accurate posting of treasury positions for financial risk monitoring.
  • Maintain regular updates on local regulations on domestic and cross-border financial transactions to stay in full compliance with banking and financial market regulations.
  • Execute work under the service management framework by providing timely and accurate customer service.
  • Ensure customer queries are attended to and resolved in a timely, responsible, and proactive manner.
• Quality and Continuous Improvement:
  • Support Manager to identify, recommend, and develop solutions for continuous improvement to streamline processes, increase process efficiency and effectiveness, and increase service quality.
  • Support knowledge accumulation and knowledge sharing in the team for continuous improvement.
  • Support new and existing team members through proper knowledge transfer, and sharing of resources, knowledge, and experience.
  • Support Manager in error management and lessons learned activities.
  • Support Regional and Global projects including GFT Team as and when required
• Frequent Cooperation within BASF Group & Outside BASF Group
  • End users of the local company.
  • Other BASC F&A teams.
  • Treasury Front Office and Mid Office.
  • BASC Quality Management and internal auditors.
  • Back Office of BASF internal trading partners at BASF SE and BASF Belgium Coordination Center.
  • BASF group companies including joint ventures.
  • Frequent Contact outside BASF Group --> Back Office of banks and external trading partners.
• Provide Support to Global and Regional Treasury Projects:
  • Cash Management Transformation project.
  • Implementation of SAP treasury module TRM in the region
  • Global Payment System project
  • Global Cash Visibility project

Training & development

BASF wants its employees to make the most of their talents and their jobs - and the company offers many ways to do that including a global framework for the development of all employees. It provides employees with interesting and challenging learning opportunities. BASF is a well-known talent developer worldwide because of the broad range of challenging assignments, training, career patterns, and the opportunity for cross-organizational moves. The company also provides many self-learning resources that allow its employees to flexibly arrange study plans that best fit their schedule. Time and location no longer hinder the learning.

Benefits

Aside from getting a monthly allowance, joining an internship at BASF Malaysia offers several benefits below:

• Practical Experience: You can put your theoretical knowledge into practice.
• Work on Exciting Projects: BASF offers a wide range of exciting projects and positions for students from various fields.
• Teamwork and Independence: Depending on the job profile, you will work either independently or as part of a team on a project.
• Mentorship: Your supervisor will be there to answer any questions you may have, provide support, and give you regular feedback on your work.
• Insight into a Global Company: The internship will give you insight into the processes of a globally operating company.
• Networking: You will create a network of experts in your specialist area.
• Development Opportunities: From the very first day, you will be part of the BASF team and will be able to steer your personal development through exchanges with experienced professionals in an international environment.

Please note that these benefits can vary depending on the specific internship role and the department you are placed in.

Career progression

University students can gain experience beyond the college environment to prepare for their future career life by participating in BASF's internship program. The company provides learning offerings to enhance business knowledge, product/professional know-how, competencies, etc. to support career development. Although there is no mention of whether interns will be offered full-time positions after finishing the program, it's common for the company to prioritize top interns for their future recruitments.

Work-life balance

Based on another online career media, BASF Malaysia gets a rating of 3.8 out of 5 regarding work-life balance. Then, on its one of social media accounts, the company states that it offers a wide variety of opportunities for its employees to stick to the growing demand for flexibility concerning time and location, as far as their job allows. These include flexible working hours, part-time employment, remote working, and time-off options that provide the necessary flexibility to care for children or family members. 

Company culture

BASF has a collaborative, caring, and safe work environment so its employees can perform at their best. And the company knows that life is more than just work. Therefore, BASF provides ways for employees to integrate their personal and work lives. BASF`s work environment contains, among other things, modern infrastructure and communication instruments, equipment, flexible work arrangements, as well as financial stability, and a long-term perspective of the employer.

About you

You need to meet the requirements below to apply for this role:

• Bachelor’s degree in accounting/finance/business/economics, MBA or master’s degree welcome 
• Experiences in finance/ treasury areas
• Profound understanding and operation experience in finance and treasury
• Excellent interpersonal skills, communication skills, and presentation skills
• Strong time management and organization skills
• Results-driven and positive team player
• Ability to work with high independence, efficiency, and responsibility as well as strong learning ability

How to apply

Click the "Apply on employer site " button to start applying for this job. We will navigate you to the official page where this job is advertised by BASF Malaysia. Make sure you've read the job descriptions and requirements above.

Sources

We gather information on this page based on the following sources:

• basf.com/my/en/careers/students/Your-internship-at-BASF--the-foundation-for-your-career.html
• basf.com/hk/en/careers/why-join-basf/what-you-will-get.html
• linkedin.com/company/basf/about/
• glassdoor.com/Reviews/BASF-Reviews-E4231.htm?filter.iso3Language=eng&filter.includePastEmployees=false&filter.employmentStatus=REGULAR&filter.employmentStatus=CONTRACT&filter.employmentStatus=INTERN&filter.searchCategory=WORK_LIFE_BALANCE