Manager-treasury - Dubai, United Arab Emirates - IFFCO

IFFCO
IFFCO
Verified Company
Dubai, United Arab Emirates

1 week ago

Ahmed Al-Mansouri

Posted by:

Ahmed Al-Mansouri

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Description

Job Summary:

To support the Director Treasury in handling overall treasury operations including relationship management with banks, cash management and forex hedging


Roles & Responsibilities:


  • Work in close coordination with Director Treasury and develop / maintain strong banking relationships outside UAE
  • Devise mechanisms to handle long term loans for projects with huge CAPEX requirement
  • Ensure timely mobilisation of working capital and term funds on optimum terms
  • Work in close coordination with Director Treasury to devise innovative financing options, negotiate with banks and use funds effectively to ensure savings in financial costs and bank charges
  • Support the Director Treasury in all related activities like consolidation, analysis and forecast of IFFCO's cash flow, maintain relationship with banking and credit rating agencies
  • Support the Director Treasury in evaluating and managing of interest risk of IFFCO. Provide support in the evaluation and monitoring of any investment decisions
  • Support the Director Treasury in Working Capital Management including short, mediumand longterm cash flow forecasting framework, strategic and operational cash flow forecasting, cash flow forecast performance analysis
  • Assist in planning, organizing and controlling all operations of Cash Management. Monitor overall cash position including reporting of cash balances on a daily basis, review of aggregate cash position, identification of short term cash requirements or surpluses, identification of petty cash reconciliations
  • Manage short term cash requirements and surpluses including determination of cash deficits and surplus
  • Monitor group term loans and working limit and negotiate with different banks for a surplus cash pooling facility whenever necessary
  • Calculate cost of funds for the group and devise mechanisms to reduce the working capital costs
  • Conduct benchmark studies of banks and their services to evaluate as per IFFCO's requirements
  • Perform KYC to identify and verify the identity of the bank
  • Work in close coordination with the Director Treasury and ensure that nonUSD, non AED exposure is hedged in an effective and appropriate manner
  • Develop relationships with new banks for trade financing and handle trade financing activities of the business units
  • Ensure successful implementation of all new regulatory and statutory reporting requirements in respect of Treasury and ensure compliance with the credit policy for various banks
  • Ensure all transactions related to cash and bank are posted in books of accounts and reconciled in a timely manner with a high degree of accuracy
  • Understand leading practices and trends in terms of treasury management. Evaluate best practices and support the Director Treasury in implementation of the same across IFFCO

KPIs:


  • Cycle time for providing funds
  • Relationship building with banks
  • Deviation from projected cash flows
  • Average returns on investments compared to last year
  • Cost of funds

Work experience requirement:

8+ years of related experience preferably within a large group with exposure of handling huge volumes of cash


Qualification:

CA or Masters in Business Administration with specialisation in Finance


Competencies:


  • Ownership & Result Orientation
Capital Markets Analysis
Hedging
Micro and Macro Economic Indicator Analysis
Fund Raising
Negotiation Skills
Self and Team Management
Planning & Decision Making
Strategic Thinking
Change Management

  • Business Unit: Corporate-

Group Treasury Business Group:
Finance (234)
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