Job Summary:
One of our clients in Dubai is looking for Manager – Treasury and Budgeting.
Key Responsibilities:
- Global cash management
- Ensure cash is available in right legal entity, in right currency and in right bank a/c without delays, disruption or distraction.
- Forecast free cash flow (FCF) monthly on a rolling 12 month period and identify risks / opportunities to FCF. Perform a variance analysis between actual forecast, and last year.
- Ensure efficient execution of payments, FX trades, and debt service. Ensure zero fraud or error on cash.
- Lead bank account strategy, documentation, KYC compliance, and fee negotiations. Minimize trapped cash and direct debits.
- Structuring of tax efficient inter-company loans
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- Financial Risk Management.
- Forecast all non-operating expenses of company (FX, interest, bank fees, etc.).
- Eliminate volatility in P&L and cash flows to financial risks e.g. FX, interest, counterparty, etc. through natural and synthetic hedging.
- Assess insurable risk exposure and negotiate insurance coverage (e.g., general liability, property, D&O, PI). Manage claims in coordination with insurers, brokers, and internal stakeholders.
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- Optimize non-operating costs
- Daily cash positioning and analysis of investment alternatives to optimize after tax net interest income.
- Minimize all transaction costs e.g. bank fees and taxes.
- Drive working capital through corporate cards, real time cash flow visibility, and planning
- Management of all company leases and debt contracts. Compliance to all capital market regulations
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- Enable global trade
- Leverage company bank group to negotiate services
- Own treasury systems, controls, and automation initiatives.
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- Budgeting
- Drive annual budgets, quarterly forecasts, and monthly budget vs actual reporting.
- Monitor and report on key financial and operational metrics.
- Build financial models to support investment decisions, pricing, cost optimization, and business cases.
- Support SAP digital transformation and data integration initiatives.
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- Treasury accounting
- Expert in Treasury related accounting and updates into SAP
- Ensure financials accurately reflects all treasury related transactions.
- Ensure compliance with internal controls and audit requirements. Create treasury policies and procedures. And enable treasury to evolve based on audit findings.
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- Debt Management
- Lead debt contract reviews, bank negotiations and structuring to minimize after-tax cost of debt
- Bank relationship mapping. Maintain strong partnerships with banking partners.
- Manage lease database and contingent liabilities from cradle to grave.
- Analyze buy vs lease using NPV framework
Requirements:
- 7 to 12 years of Treasury and Budgeting experience in a leadership capacity.
- Lead and manage the company’s global cash management, liquidity planning, banking relationships, and treasury systems.
- Ensure the optimization of cash resources, compliance with financial risk policies, and operational excellence across all treasury activities.
- Raise optimal debt
Qualifications Preferred:- •Master’s degree in accounting, Finance, or related field.
- •Familiarity with ERP systems (SAP).
- •10 years of experience in corporate finance
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