Payment Specialist
Date: Oct 18, 2024
Location: Singapore, Singapore, SG
Company: burfordcap
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR), and it works with companies and law firms around the world from its principal offices in New York, London, Chicago, Washington, Singapore, Sydney, Hong Kong and Dubai.
The Firm has created a Payment Specialist position who will be the primary initiator of external as well as intercompany wire transfers while following internal processes to obtain and document all required departmental and management approvals.
SUMMARY
The Payment Specialist will be a valued, go-to person in Burford’s cash management process; one of the most important operational functions of our business. This position offers the opportunity of closely collaborating with the Corporate Treasury function.
A critical part of Burford’s business is providing capital to our customers throughout the world. Those capital requests follow a strict and important process including the initiation and approval of capital funding requests and the initiation, approval, and confirmation of the cash movements for such requests. Cash movements often require numerous steps to comply with our organizational and structuring needs. The Payment Specialist will follow Burford’s processes to obtain and document necessary approvals and initiate wire transfers. Cash movements and wire transfers can be either to external counterparties or they may be internal wires (intercompany wire transfers).
The role will report to Burford’s Senior Manager, Group Investments and be based in Burford’s Singapore office
www.burfordcapital.com
COMPANY OVERVIEW
Burford Capital is the largest and most experienced provider of commercial finance to the legal sector in the world, with a core expertise in identifying and optimizing the value of legal assets for companies and law firms. Since its founding in 2009, Burford has worked with hundreds of law firms and corporations, including 93 of the AmLaw 100 and 90 of the Global 100 largest law firms. Our team has grown from five people at the end of 2009 to over 150 people today, including over 65 lawyers.
Burford possesses the resources and expertise of a large company while retaining the flexibility and creativity of a startup. Team members are smart, creative, collaborative, curious, and confident. Everyone rolls up their sleeves to perform and engage collectively for the overall success of the business. Burford values rigorous thinking, clear communication, and efficient execution. Burford is an “always on” environment in which everyone needs to be accessible by email when outside the office, including during evenings and weekends
Burford pays base salaries consistent with the financial services industry and favors incentive compensation to reward performance. Burford Capital is committed to increasing diversity and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, marital status, whether or not they have a disability.
POSITION RESPONSIBILITIES
External Wires
• Receive cash movement requests
• Obtain/validate approvals
• Initiate wires
• Complete documentation
Internal Wires
• Receive cash movement requests
• Investigate appropriate roadmap for intercompany cash movements
• Coordinate with accounting, tax, treasury, or other personnel to validate and document required cash movements
• Complete documentation
Treasury Related Activities
• Support daily cash management activities, including cash positioning
• Initiate intercompany borrowings and lending’s
• Management of bank accounts, including bank account opening/closing/changes, signature cards update and bank account database maintenance
• Bank fee analysis and forecast
• Additional responsibilities are possible within the corporate treasury department for the individual that demonstrates strong treasury skills.
SKILLS DESIRED
Qualifications & Experience
•Bachelor’s degree or equivalent, preferably in finance or other business-related field
•At least four years’ experience in treasury or complex A/P function
Competencies & Skills
• Diligence and adherence to strict processes
• Comfortable familiarity with financial institution portals
• Process oriented
• Excellent documentation skills
• Proficient in navigating financial institution portals
• Experience with cash management applications (e.g., Kyriba) a plus.
• Effective communication skills, verbal and written
• Able to function with limited direct supervision
Other Requirements
• Hybrid work environment (in office 3 days per week, minimum)
Notice of Collection of Personal Information:
https://www.burfordcapital.com/media/3351/notice-of-collection-of-personal-information.pdf