CGCC

Job Vacancy – Manager of Finance and Business Analytics

Credit Guarantee Corporation of Cambodia Plc. (CGCC) is a state-owned enterprise established under the Ministry of Economy and Finance. CGCC was recently set up to improve financial inclusion and develop the growth of SMEs in Cambodia. It plays an important role in the economic development of the country.

We are expanding our team! Join us, If you want to be part of the team, CGCC is urgently seeking qualified candidates for the following positions:

Manager of Finance and Business Analytics

Key Responsibilities

  • Ensure that master data (supplier, customer, etc.…) in accounting system is accurate and UpToDate.
  • Review contracts and agreements for implication related to accounting and taxes.
  • Ensure that receivables and payables are effectively managed.
  • Review and ensure that all payments are inline with policies and procedures and in accordance with the approved budget.
  • Review and approve accounting records in the accounting system.
  • Ensure that all accounting records and General Ledger are done correctly (including all accruals and provisions) and on time.
  • Ensure that all reconciliations are done correctly and one time.
  • Manage fixed assets register and depreciation according to policies.
  • Coordinate with all departments to ensure that annual budget and business plan are done on a timely manner.
  • Prepare financial reports and management reports and conduct analysis as required.
  • Prepare statutory reports as required.
  • Work closely with auditors for the internal and external processes.
  • Calculate and prepare monthly taxes and annual taxes.
  • Ensure compliance with tax authority and relevant regulators.
  • Review and update policies, procedures and internal controls as needed.
  • Carry out any other duties and ad-hoc assignments assigned by managements as and when required for CGCC.

 

Qualification Requirements

  • Bachelor’s degree in (master’s degree or professional accountant graduation is preferred) finance, Accounting, Banking, Business Management, or related field.
  • At least 5 to 8 years’ experience in financial management, IFRS, and budgeting.
  • Excellent computer skills and proficient in excel, word, and outlook
  • Good analysis, reporting and communication skills
  • Good knowledge of ERP system or other accounting applications
  • Be able to communicate effectively and professionally in Khmer and English both in writing and speaking
  • Be able to communicate with people at different levels
  • Be able to manage different tasks with the same deadline
  • Have good office and admin management skills
  • Be proactive, creative, and a good team player
  • Be able to work without or with minimal supervision
  • Willing to learn new things

Interested candidates are invited to submit their CV and cover letter to [email protected] (Deadline: September 10, 2022). We regret that only short-listed candidates will be contacted.

Co-Financing Guarantee Scheme to support Tourism Recovery

To support the government’s policy on tourism recovery and growth of the sector, Credit Guarantee Corporation of Cambodia (CGCC) launched the Co-Financing Guarantee Scheme for Tourism (CFGS-TR) after approval by the Ministry of Economy and Finance.

CFGS-TR is specifically designed to provide credit guarantees on co-financing loans disbursed by CGCC’s Participating Financial Institutions (PFIs) under the Tourism Recovery Co-Financing Scheme (TRCS) of the SME Bank of Cambodia.

It is a joint effort by the two state-owned enterprises to improve access to finance for SMEs in the tourism sector. While TRCS aims to lower SMEs’ cost of borrowing, CFGS-TR is a guarantee scheme that will act as collateral/security for 80 percent of the loan amount; thus, reducing the physical collateral required from the borrowers.

CFGS-TR will support new loan disbursements in the banking sector to SMEs. Meanwhile, PFIs will be able to offer higher loans and the risk exposure will be shared with CGCC up to 80 percent.

According to a press release the Co-Financing Guarantee scheme – Tourism is a sub-credit guarantee scheme under the Co-Financing Guarantee scheme offered by the CGCC to participating financial institutions on the loans lent out under the Tourism Recovery Co-Financing schemes of SME Bank of Cambodia.

Hong Vannak, an economic researcher at the Royal Academy of Cambodia, said that the provision and receipt of a loan with legal guarantees have played an important role in the growth of the economy, particularly, in a crisis caused by Covid-19.

When the financial sector is stable, there is a lot of investment and job creation. On the other hand, when small and medium enterprises have sufficient capital, it also helps to increase production processes and reduce imports and increase exports, he added.

He further said that providing credit guarantees has helped both lenders and borrowers to have confidence in each other because before daring to guarantee, the CGCC always has conditions and studies the business first.

(Article from Khmer Times: Publication on July 14, 2022)

Check here to Understand more about the service: CFGS-TR

Dissemination Workshop on Access to Credit Guarantee for Businesses in Tourism Sector

On Friday 24 June 2022, Mr. Wong Keet Loong, CEO of CGCC, together with CGCC’s colleagues participated in the dissemination workshop on “Access to Loans with Credit Guarantees for Businesses in the Tourism Sector”. This dissemination workshop was organized by the Ministry of Tourism and presided over by H.E. Song Tong Hab, Secretary of State of the Ministry of Tourism, with the participation of the management of the Ministry of Tourism, associations, federations, and the business owners in the Tourism Sector.

Dissemination Workshop on Access to Credit Guarantee for Businesses in Tourism Sector

Dissemination Workshop on Access to Credit Guarantee for Businesses in Tourism Sector

Mr. No Lida, Deputy CEO of CGCC, presented to the management of the Ministry of Tourism as well as businesses in the Tourism Sector about CGCC’s credit guarantee schemes and mechanism aiming to support tourism businesses’ access to loans with credit guarantees, especially loans without enough collaterals, to order to support the Tourism Sector’s recovery and development.

CGCC has launched 3 credit guarantee schemes to support Micro, Small, and Medium Enterprises (SMEs), large firms, and women-owned businesses for easier access to loans despite collateral challenges through partnerships with banks and Microfinance Institutions (MFIs) to improve financial inclusions and develop SMEs.

Dissemination Workshop on Access to Credit Guarantee for Businesses in Tourism Sector

Click here to read about: CGCC shares tips to access to guaranteed loans for Women Entrepreneurs