Manager Treasury Full-time Job3 weeks ago Accounting & Finance Dubai 36 views Reference: 19525
11 13 Years of Industry Experience out of which 6-7 years should be in corporate Treasury in UAE.
Corporate Treasury Team, Finance team of SBU Units, Sales Team, Distributors.
Vendor, Banks, Financial Institution.
Responsible for Investments On short & long term products
Foreign Exchange To work on forward deal / Spot deal.
Borrowing Monitoring borrowing Movement.
To establish & maintain relationship with banks.
To look for opportunities for short term & long term investments.
To ensure efficient utilisation of funds at all IBD subsidiaries.
To review and reconcile all foreign exchange contracts, positions- including settlement instructions to the banks and internal teams.
To review the status of transactions, accounting and reconciliations for all forex exposure at a group level.
Review of Treasury
To monitor bank accounts and credit facilities (including pricing and other terms) with multiple banks, review all new facilities across all locations, execute direct action on unresolved and un-accounted items and reconciliations - with a view to streamline the process and resolve items in an orderly and process bound manner.
To work out alternate ways of hedging FX exposure for countries where forwards & Futures are not available.
To track currencies and taking preventive steps for any expected currency depreciation.
To ensure the FX hedging is done as per FOREX policy and to evaluate hedge effectiveness.
To arrange banking relationship for all subsidiaries.
To negotiate bank charges and the opening of new bank accounts to fulfil banking needs.
To get bank working capital limits and capex loans.
To analyse the Investments in lines with FX instruments to tap any forex arbitrage opportunities.
To explore Letter of Credit discounting opportunities which provide benefit of interest arbitrage.
To review MIS and reports prepared by Finance managers across subsidiaries and redesigning those MIS to address additional future requirement if any.
To manage related party receivables and exposure across all group entities
The determination and precision makes us the leaders in the field of recruiting process as we understand that what we do and how we do it castes a major impact on every client and on the lives of the people we recruit.