Job Purpose

Engro is seeking a detail-oriented and proactive Treasury Officer – Sales Collection to manage and execute daily sales collection–related treasury operations in line with best practices.

The role requires close coordination with banks, internal stakeholders, and business partners to ensure smooth operational management, timely financial period closing, and service excellence.

The scope of this position may cover entities including:

• Engro Polymer & Chemicals

• Engro Fertilizers

Key Responsibilities

Collection via Bank Guarantee (BG)

• Approvals and verifications in SAP (1SAP)

• BG claims follow-up, documentation, and fund settlement

• BG discounting and assignment follow-ups

• Recording of BG-related transactions

• Withdrawal and clearance processing

Performance Standards:

• BGs received in the first half of the day must be approved the same day; otherwise by the next working day (first half).

• Accounting updates must be routed to the bank on the same day.

• Daily execution of system entries for funds received.

• Timely submission of withdrawal or clearance letters/emails to banks.

Collection via Dealer Credit Finance (DCF)

• DCF verifications and approvals in SAP

• Maintenance of DCF dealers with banks and insurance companies

• Recording of DCF-related transactions

Performance Standards:

• Same-day verification and approval of DCFs received from banks.

• Bi-annual dealer data updates within three working days of receiving commercial data.

• Daily execution of entries for received funds.

Collection via Demand Draft (DD) / Pay Order (PO)

• Coordination with collection partner banks for instrument pickup from regional offices and warehouses

• Ensure DD funds realization within 30 days of SAP entry

• Process reversals before month-end closing if required

• Independent verification for DDs amounting to PKR 10 million and above

Collection via Non-Negotiable Instruments

• Dealer onboarding with collection partner banks as required

• Coordination for non-negotiable instrument or SGS arrangements

• Dispute resolution with banks and sales teams

• Fund confirmations and FTP server coordination for real-time alerts

Collection via Online Channels

• Daily MIS uploading in SAP

• Clearing SAP entries with bank statements

• Fund confirmation to commercial teams

• Coordination with banks for virtual account generation for dealers

Reporting and Closing

• Accruals for bank charges of partner banks

• Fortnightly reporting of unreconciled entries to commercial and accounting teams

• Processing reversals through SAG for outstanding entries exceeding 30 days

• Monthly collection reporting by mode

• Clearing SAP entries via MT940 upload

Leadership and Functional Competencies

• Acts entrepreneurial

• Demonstrates adaptability

• Executes with excellence

• Fosters collaboration

• Puts people first

• Thinks Engro

Key Knowledge Areas

• Banking Operations

• Relationship Management

• Communication

• Sales Collection

Education and Technical Qualifications

• Bachelor’s degree in Commerce

• ACCA (preferred)

• Minimum 2+ years of experience in Corporate Treasury

Character-based leadership is the cornerstone of Engro’s value-driven culture. The organization aims to create meaningful impact through responsible behavior, exceptional service, and strong stakeholder relationships.