Specialist Cash Management

This Grade L1 position based in Islamabad is responsible for managing and executing daily cash management activities to ensure optimal liquidity for PMCL and its subsidiaries. The Specialist Cash Management role involves maintaining effective coordination with partner banks and supporting efficient fund utilization while complying with company policies and regulatory standards. The ideal candidate will demonstrate strong analytical skills, attention to detail, and the ability to work under pressure, maintaining confidentiality and integrity at all times.

Key Responsibilities

Cash Management Operations:
Prepare and report the daily cash position for PMCL and its subsidiaries. Develop daily cheque release workings to calculate the available float position and update cash flow forecasts accordingly. Plan and manage interbank fund movements based on payment requirements and expected inflows across all accounts. Prepare and process fund transfer instruction letters aligned with the daily cash plan. Manage fund transfer execution, including letter signing, scanning, and communication with respective banks. Follow up with banks to ensure timely execution of transfer instructions. Monitor daily utilization of overdraft lines and plan interbank movements for overdraft settlement. Ensure dual verification and secure handling of all payment and transfer documentation.

Investment Management:
Coordinate with banks and fund managers for the placement of surplus funds for PMCL and subsidiaries. Negotiate and review interest rates on savings, term deposits, and money market instruments. Prepare and present investment options and comparative analyses for management review and decision-making. Liaise with banks and fund managers to finalize investment placements within approved limits. Monitor credit limits and treasury guidelines to ensure compliance with internal policies and regulatory frameworks.

Reporting & Reconciliation:
Prepare and share daily reports of executed interbank fund transfers with the Corporate Accounting Team. Review and reconcile daily bank balances, highlighting any variances or discrepancies. Assist in booking interest income and overdraft accruals on a periodic basis. Maintain proper records and documentation of all executed transactions and investments for audit and compliance purposes.

Required Qualifications

Education:
Bachelor’s degree in Finance, Accounting, Economics, or a related field is required. An MBA is preferred.

Experience:
2 to 4 years of relevant experience in cash management, treasury, or corporate banking operations.

Preferred Qualifications and Benefits

Certifications:
CFA Level I, ICMA, or other relevant treasury/finance certifications are preferred.

Skills and Competencies:
Strong knowledge of cash flow management, interbank transfers, and liquidity planning is essential. A sound understanding of investment instruments such as term deposits, savings accounts, and treasury bills is required. Excellent coordination and communication skills are necessary for effective interaction with internal teams, banks, and fund managers. The role demands strong analytical and reporting capabilities with a keen eye for detail. Candidates must be able to work effectively under pressure and meet tight deadlines while upholding high standards of confidentiality, integrity, and accountability.

Benefits:
As one of Pakistan’s leading private sector employers, Jazz offers a dynamic work environment driven by visionary leadership and a unique professional culture. Employees benefit from continuous learning and development opportunities, a flourishing lifestyle, and the chance to contribute to transformative initiatives impacting over 70 million customers. This role provides an opportunity to be part of a forward-thinking organization committed to empowering individuals in an increasingly digital economy.

Applications are open until 4th November 2025. Jazz is an equal opportunity employer dedicated to fostering diversity and inclusion in the workplace.