Treasury Specialist Treasury Specialist …

Robert Half International UAE
in Abu Dhabi, Abu Z aby, United Arab Emirates
Permanent, Full time
Last application, 29 Nov 20
Up to AED50000 per month + Family Benefits
Robert Half International UAE
in Abu Dhabi, Abu Z aby, United Arab Emirates
Permanent, Full time
Last application, 29 Nov 20
Up to AED50000 per month + Family Benefits
A leading Utilities business is looking to recruit a Treasury Specialist for their Abu Dhabi operation.

The Company
A leading Utilities business is looking to recruit a Treasury Specialist for their Abu Dhabi operation.

The Role
You will be accountable for liquidity planning and cash management of the organisation. The position is in charge to facilitate the Head of Treasury in implementation of online transaction banking and recommend initiatives to improve liquidity position through working capital solutions. The job holder shall also hold a key role in cash planning and forecasting for internal and external reporting.

Principal Duties & Responsibilities:

Cash Management

  • Follow up with finance business partners on collections and increase the visibility
  • Daily banking including receipts, preparing cash entries, payment release and reconciliations
  • Take proactive actions in liquidity management to ensure uninterrupted payments
  • Maintain banking relationship for smooth banking transactions and negotiate better rates
  • Maximise returns on cash pool in compliance with internal policies

Business Plan, Budget, forecast, Cash Flows and Liquidity

  • Define treasury assumptions to be included in the business plan, the regular forecast and the budget
  • Regularly monitor the evolution of these assumptions and provide monthly comparison to explain the gaps and take various actions to reduce them
  • Produce liquidity scenarios based on FCF, Liquidity available and projections.

Reporting

  • Prepare the daily, weekly and monthly treasury reports including but not limited to evolution of the debt/cash/contingent liabilities of the Company, bank positions, cash and liquidity projections, etc.
  • Prepare monthly forecast for cash and liquidity projections for the company

Bank account management

  • Lead bank accounts opening and closing and maintain bank account master data
  • Liaise with banks on updating KYC and Bank authorization matrix regularly; Also, to keep an internal track for any changes and send out a prompt notification
  • Develop, manage and review an assessment matrix for onboarding new banks and secure necessary internal approval for onboarding

Loan Management

  • Monitor credit facilities and liaison with facility agent on satisfying condition precedent, regular disbursement, repayments, quarterly compliance, and balance confirmation

System and process

  • Automize transactional banking and seek for continuous improvement to offer robust and secure transactional banking experience
  • Comply with cash management guidelines, liquidity policy and counter party risk management policy

The Candidate

  • Certified Treasury Professional (CTP), AMCT or comparable certification is preferred
  • Minimum of 5 years of post-qualified experience in treasury cash management
  • Required Industry experience / Preferred International experience
  • Good understanding of the Gulf region;
  • Degree level qualification in Accounting, Finance or related discipline
  • Proven working experience in treasury operations, including in a management capacity
  • Experience and knowledge of using Microsoft Office tools (PowerPoint, Word and Excel)
  • Experience in working with a Treasury Management System

Package

  • 50,000aed per DOE month plus Family Benefits
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