Team Leader - Treasury

Job Title: Team Leader - Treasury Division: Finance Country: UNITED ARAB
EMIRATES Work Location: UAE (RAK head office) Job Type: Team Leader Employment
Type: Full Time Employment (Limited Contract) Job Description:* *
Purpose: Team Leader Treasury- the role holder is responsible to assist Head -
Treasury and Cash Management for the Group (Head office and subsidiaries) in
UAE, Egypt and other countries as required by carrying out jobs assigned. In
this role, your responsibilities include support and manage daily treasury
functions operations, liquidity management for Head office and other
territories. You will also be responsible for tracking cash flow, allocate
cash balances, maintain records, and prepare expense and earnings forecasts.
You should have advanced knowledge of accounting procedures, Strong attention
to details and the ability to remain focused for extended periods. Ultimately,
a top-class Team Leader should help to maintain optimum business cash flow
through the proper handling of cash and use of accounting methods. Key
responsibilities & Accountability: Financing Operations & Monitoring •
Accountable for periodic Covenant forecasting and monitoring based on cash
flow inputs from Finance • Maintain detailed loan schedules in UAE and other
regions along with debt service and reporting timetable. • Responsible to
handle communication and documentation with Banks related to loan operations
(e.g. Interest Selection notices, Drawdown requests). • Coordinate with
Finance to prepare management reports on Loan covenants and compliance •
Explore and execute the working capital tools ie invoice discouting, LC
discouting, suppliers financing etc etc • Very close co ordination with
Accounts payable, commercial and procurement departments to implement the
working capital mechanism. FX Management • Responsible for mitigation of FX
exposure using Spot and forwards; minimizing the FX cost for the group. Cash &
Liquidity Management • Responsible for Daily Cash and Balance reporting for
the group and highlighting key movements • Ensure timely placement of deposits
and minimization of excess cash balances as advised by Head of Treasury. •
Daily Cash and Balance reporting for the group and highlighting key movements.
Cash flow reporting & forecasting • Prepare monthly rolling cash flow forecast
for next ‎6 months. • Prepare monthly actual/forecast variance analysis and
improving accuracy. • Monitoring and controlling the cash budget on monthly
basis. Bank Operations • Handle end-to-end process of Bank Account Opening and
Closing, and etc. as well as maintain Bank records. • Manage the e banking
platforms and access in compliance with Group policies • Implement duly
approved bank mandate/ DOA and Issue & cancel of bank guarantees with banks. •
Manage internal and External audit queries. • Responsible for the audit of
salaries, accounts receivable and payables, general accounting and
miscellaneous payment, and journal voucher processing. • Oversee
administration of banking websites and bank services, corporate Treasury
databases and record-keeping, responsible for day-to-day execution and
maintenance. • Conduct regular benchmark studies of banks and their services.
• Monitor bank service fees and address quality issues. • Monitoring and
managing the organization's bank relationships and liquidity management.
Reporting and Audit • Managing internal and External audit queries • Providing
support to accounting team for monthly closing • Supporting the month end
process wherever necessary Qualifications: - Education • ‎4 years Bachelor's
degree in Treasury/Accountancy qualification (e.g. AMCT, MCT, CIMA, ACA OR
ACCA or overseas equivalent) or degree in finance, economy or accountancy or
equivalent - Experience: • Minimum ‎3 years' experience in corporate Treasury
role and ‎5+ years of experience in the finance field e • Proven experience in
Treasury role with experience in the working capital financing, , bank
reconciliations and cash flow reporting and working capital management •
Professionals having experience in Big ‎4 audit fits shall be given preference
and should have handled similar role for a better fitment of this role. •
Fluent in English (communicating, writing and speaking) & Arabic is preferred.
• Proficient in office management software like MS Office (MS Excel and MS
Word, etc.) must have Advance excel based financial modeling skills with
familiarity of debt structuring models • Strong Treasury knowledge: -
especially on Cash management and Treasury operations with LMA loan
documentation clauses and customary covenants/ Bloomberg or other Treasury
tools will be added advantage • Basic understanding of Bank operations and
Banking product and services • Proven experience in SAP and TMS is preferable
- Training: Key Competencies: • In terms of competency, you are highly result
oriented with strong sense of accountability & ownership. • Must have a
solution centric mind to understand issues and solve them within a stipulated
time frame, ability to understand new issues quickly and make decisions. •
Strong analytical skills with an attention to details and accuracy. • Must
have excellent negotiation skill as the job is centered on communication with
external authorities. • Superior mathematical and monitoring skills required
for the success of this role. • Strong communication, interpersonal, and
collaboration skills required. • Able to develop strong, cooperative
relationships with Department HODs. • Ability to work under pressure, plan
personal workload effectively and delegate. • Motivated and highly organized
professional and should be able to juggle competing priorities. Technical
Competencies: