Job Details

Group Treasury Manager

Reference ID:- GTM81
Type:- FullTime
Category:- Accounting/Finance/Insurance Jobs
Salary:- AED 30,000 + Benefits

Group Treasury Manager
Dubai, UAE
Multinational Company
 
Reporting to the Group Treasurer, this role is responsible for all Treasury operations and liquidity management for Head office and other territories across the region. This will include, but not limited to daily cash positioning, liquidity management including debt repayments, payments and the relevant controls process, cash forecasting (short/long term), covenant management, letters of gaurantee, rreasury reporting, bank mandate management, E-banking administration and static data management. The role will have 1 direct report to support the completion of the above tasks.

Daily cash and liquidity management: 

-Gathering closing and current balances from HQ accounts
-Forecasting payments and receipts going through these accounts
-Ensure territories pay in a timely manner
-Update relevant spreadsheets to derive the closing position
-Purchasing FX required to make relevant payments
-Depositing surplus cash or repaying debt to optimise interest income/expense

Payment process: 

-For Treasury transactions ensure timely settlement of FX deals, inter-account transfers and deposits
-The weekly 3rd party payment process is to ensure the correct supporting documents have been received before inputting into the e-banking systems
-Verifying and gathering approvals for payment release
-Notifying the businesses once the payment has been made
-Ensuring that correct controls and e-banking security is maintained at all times

Cash forecasting: 

-Roll-out of a short term forecast to the territories, to aid forward planning of the centralised cash position and payment runs.
-Collating the territories submissions on a regular basis so debt drawdowns/repayments can be managed
-A longer term forecast is also to be rolled out with territory input for more accurate covenant management and longer debt profiling.

Bank guarantees: 

-Timely issuance of bank guarantees to customers and Mantrac territories
-Tracking of the bank guarantee expiries for cancellation or extension
-Strong liaising with the sales teams on the above

Treasury reporting: 

-Daily cash positioning report
-Cash forecast reporting
-Wider Mansour Group reporting
-Regular input into the monthly Treasury pack
-Providing input for internal/external presentations

Bank mandates/e-banking: 

-Ensuring bank mandates are up to date with new joiners and leavers updated immediately
-Assisting Legal with the drafting of board resolutions associated with the above
-System admin responsibilities in the e-banking systems for e-banking mandate updates, template approval as well as system controls

Static data/Centralised database: 

-Maintaining a centralised Group database for the following
-Bank accounts
-Bank mandates
-E-banking mandates
-Bank facilities (FX, LC, LG, OD etc)

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