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- Proactively manage the bank balances throughout the ( 50 entities & 150 bank accounts using 5 banks) and use the latest cash forecast of each entity to:
- Ensure sufficient funds are available in the required currencies and ready for construction & operating activities
- Minimize bank chargesand maximizee interest-earningg opportunities
- Ensure the company is holding cash in the preferred entities and currencies, in line with company policy
- Follow, maintain, and improve the cash management control processes
- Maintain the bank account register, keeping accurate records of bank details and access rights
- Maintain process notes for all bank account processes
- Prepare bank instructions for ongoing bank management for signatory approval
- Manage all changes to bank accounts (users, signatories, etc) as required
- Provide training to new users
- Act as the super-user & main point of contact for all banks. 37.5
- Plan and execute the dividend payments from all operating wind and solar farms, up through the holding companies to TopCo, writing board memos, arranging resolutions, and preparing payment instructions
- Apply for authorizations from the central banks as required
- Plan and execute the transfer of shareholder funds from TopCo down to the wind/solar construction projects via the holding companies, on time, using correct loan/equity ratios and the correct governance
- Plan and execute FX trades with the FX provider. Procure all approvals and arrange payments
- Be the main point of contact & maintain relationships
- Perform annual benchmarking exercise
- Support the local finance teams with specific project finance obligations (eg DSCR calculations, DSRA/FXRA required balances & LTSA indexing)
- Quickly gain a comprehensive understanding of the project finance accounts agreements of each project to ensure project finance compliance is observed
- Support the Head of FP&A to arrange and renew bonds/LCs as required. The candidate will be expected to interact with colleagues from all levels of the organization from different cultures in all geographies (London, Dubai, Cairo, Cape Town, Dakar)
- Part-qualified or newly qualified accountant (CIMA/ACA/ACCA)
- Minimum grade B in A-level maths (or equivalent qualification) & grade B (new grade 6) in GSCE English, or equivalent international qualifications
- University degree preferred but not essential
- Good verbal and written communication and good Microsoft Excel skills - the interview process will include a test to demonstrate basic Excel skills and communication
- Self-starter with a high level of enthusiasm and willingness to learn plan, and organize, and good attention to detail
- At least 3 years working in any finance role in any industry. Exposure to project finance would be beneficial
- Arabic or French language skills would be beneficial
Treasury Manager - Dubai, United Arab Emirates - SSC Egypt
Description
Responsibilities:Effective cash management: