Auto req ID: 278738BR
Main Purpose:
* Act as the focal point of contact between financial institutions (Banks, leasing companies, Mortgagee companies …..) and MUs and FSS in Treasury related matters.
* Support Treasury Manager in rolling out PEP Treasury policies and procedures for Egypt.
* Play an active role in SAP optimization for the cash & banks area.
* In charge of preparing Egypt Treasury reports.
* Evaluate funding needs for all Egypt MUs and propose optimum funding structure for each taking into consideration various Tax/Treasury/Control parameters
* Actively monitor material non-functional currency exposure and report on regular basis
* Plays an active role in Egypt cash management activities and Continuously leverage PEP banking groups to support working capital management. Take care of communication & day to day operations
* In charge of preparing/coordinating audit requirements related to Treasure
Key Accountabilities:
* Coordinates cash pick up activities for MUs; communicate with service providers, banks and MUs to ensure efficient cash pick process (covering 56 DCs, coordinating an average daily collection volume of EGP 24Million daily).
* Conduct annual review of collection process to ensure best pricing and value date.
* In charge of the day to day communication with banks to solve daily issues and support in resolving un-reconciled items (Dealing with four banks).
* In charge of preparing monthly cashflow forecast for each MU.
* In charge of maintaining Treasury data base; bank reconciliations, intr exp calculation, bank charges, ….).
* Review advance payment guarantees.
* Review import Letters of Credit.
* Support export business for Egypt; review export Letters of Credit and coordinate with Treasury Manager bank approvals.
* Coordinates FX transaction execution after obtaining the necessary approvals (annual FX volume of around $200Million).
* Generate daily/weekly/monthly Treasury reports of key indicators as per MU/BU, region and Corporate Treasury requirements.
* Give support to MU Controllers with respect to long un-reconciled items at banks to be resolved on timely basis (Dealing with four banks and 24 account)..
* Negotiate with banks commission and fees (4 banks)
* Request bank confirmations based on PI policy and external audit requirements
#LI-EGYPT
Key Skills/Experience:
* Good understanding of the finance markets particularly how the credit and FX markets function.
* Good understanding of the banking environment and knowledge of key financial applications including, Hyperion, Treasury Management System, Treasury Vision ….
* Good understanding of PEP operations to ensure Treasury can add value to enhance the daily operations in the area of cash management, supplier financing, …..etc.
* Good accounting background and knowledge of SAP application.
* Language Skills: Fluent in English and Arabic.
Relocation Eligible: Not Applicable
Job Type: Regular
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