Assistant Manager - Treasury

Seddiqi Holding; Dubai; On-site; AED 60,000 - 120,000; Full time

Job summary

A diversified family-owned company in Dubai seeks an experienced Assistant Manager - Treasury. The role involves managing cash, foreign exchange risks, and borrowings while supporting strategic treasury initiatives. Candidates should have 5-8 years of relevant experience, preferably in the UAE, and a Bachelor's degree in Finance or Business Management. This position also entails enhancing liquidity reporting and working closely with senior management to maximize operational efficiencies.

Qualifications

• 5-8 years job related experience in a similar position.
• UAE/Middle East Holding company working experience is preferred.
• Experience collaborating with Senior Management in the Group.

Responsibilities

• Support the head of treasury with policy formulation and cash pooling structures.
• Drive technology adoption for the treasury management system.
• Manage and monitor treasury operations for optimal liquidity.
• Enhance liquidity reporting to senior management.

Skills

Financial management

Cash management

Foreign exchange risk management

Liquidity management

Treasury operations

Education

Bachelor Degree in Finance or Business Management

Postgraduate qualification (CTP, MBA, CFA)

Job description

Seddiqi Holding is a Family-owned and managed company with a unique, diversified portfolio of businesses and brands across numerous sectors. The business includes Ahmed Seddiqi, Seddiqi Properties, Swiss Watch Services and Mizzen.

We are looking for an experienced Assistant Manager - Treasury who will be responsible for cash management and reporting, management of foreign exchange risks and products, management of borrowings and deposits of Seddiqi Holding Group.

Key Responsibilities:

Strategic

• Support head of treasury & investments with formulation of policies and procedures of treasury function, implementation of cash pooling structures, in-house banking and centralized payments across the group.

System Integration & Technology Enablement

• Drive adoption of Treasury management system and various digitization initiatives towards banking by all end users.
• Explore new banking products with various banks and financial institutions that suit group’s operational efficiencies.
• Lead project responsibilities towards implementation of cash pooling structures and in-house banking.

Treasury Operations and Controls

• Manage, structure and monitor Seddiqi Holdings’ treasury operations to maximize the earning potential through optimal liquidity management.
• Establish short-term and medium-term fund requirements by conducting detailed analysis of forecast deposit and loan maturities.
• Oversee treasury operations and tasks performed by treasury executive towards cash management, liquidity reporting, bank communications, maintenance of trackers and corporate card management.

Liquidity Management

• Enhance liquidity reporting to senior management.
• Manage the foreign exchange requirements for Retail business, monitor the risks associated and formulate pricing and strategies for the purchases based on the conversion rates outlook
• Review and manage group’s cash & liquidity position to ensure adequate cash flow to allow for effective operations
• Drive the structuring, negotiation, implementation of new debt facilities across the group (trade, acquisition, project facilities)
• Manage existing borrowing requirements of the group, ensure adequate hedges or propose new hedges where required.

In order to be successful in this role, you should have:

• 5-8 years job related experience in a similar position
• Bachelor Degree or equivalent in Financial or Business management, or a related field.
• Professional or Post graduate level degree or qualification such as CTP, MBA or CFA
• UAE/Middle East Holding company working experience
• Experience working with Senior Management within the Group and Subsidiaries