Assistant Treasury Manager

IMKAN Properties; Abu Dhabi; On-site; AED 180,000 - 240,000; Full time

Job summary

A leading real estate development firm in Abu Dhabi is seeking an Assistant Manager, Treasury to oversee treasury operations, manage banking relationships, and ensure compliance with financial regulations. The ideal candidate will have at least 7 years of experience in Finance and Accounting, with solid background in treasury functions. Strong analytical skills and experience in real estate projects are essential. This role provides a great opportunity for career growth within a dynamic environment.

Qualifications

• Minimum of 7 years of experience in Finance and Accounting with a focus on Treasury.
• Experience in Real Estate, Construction, or Project Management.
• Knowledge of treasury systems and financial regulations.

Responsibilities

• Manage daily cash flow to ensure liquidity for operations.
• Optimize working capital by managing receivables and payables.
• Maintain banking relationships and negotiate loan agreements.
• Oversee escrow account management.
• Prepare and analyze treasury reports for management.

Skills

Cash flow management

Bank relationship management

Financial analysis

Risk management

Investment strategies

Education

Graduate degree in commerce/accounting/finance

Professional qualification (CA, ACCA, CPA)

Tools

ERP software

Treasury Financial Software

Job description

Kindly note that this position is strictly open to candidates who have prior experience with real estate development firms in UAE and are well-versed in handling Development Treasury Operations

The Assistant Manager, Treasury will play a critical role in managing the treasury operations of the company. This includes overseeing banking relationships, managing escrow accounts, ensuring efficient funding management, and supporting the company’s financial objectives. The ideal candidate will have a strong background in treasury operations, excellent analytical skills, and the ability to work in a fast-paced environment.

Treasury Operations & Cash Management:

Monitor and manage daily cash flow requirements to ensure adequate liquidity for operations and project financing.

Optimize working capital by overseeing receivables and payables.

Maintain cash forecasts and develop short-term and long-term cash flow projections.

Ensure proper execution of payments, bank reconciliations, and treasury transactions.

Banking & Financial Relationships:

Maintain strong relationships with banks and financial institutions to ensure efficient banking services.

Assist in negotiating loan agreements, bank facilities, and credit lines to support real estate project financing.

Monitor and ensure compliance with bank covenants and funding agreements.

Investment & Risk Management:

Manage surplus funds by recommending short-term investment strategies aligned with company policies.

Ensure compliance with treasury policies, financial regulations, and risk management protocols.

Debt & Financing Management:

Support the evaluation, structuring, and execution of debt financing for real estate projects.

Assist in preparing financial models and funding strategies to optimize capital structure.

Monitor loan drawdowns, repayments, and interest costs to ensure effective debt management.

Escrow Account Management

Oversee the management of escrow accounts, ensuring compliance with regulatory and contractual requirements.

Monitor fund inflows and outflows from escrow accounts and coordinate with AR team for periodic reconcile reconciliation.

Liaise with internal stakeholders (e.g., legal, Development, project management) and external parties (e.g., banks, clients) to ensure smooth escrow operations.

Prepare and submit periodic reports on escrow account activities.

Reporting & Compliance:

Prepare and analyse treasury reports, cash flow statements, and liquidity metrics for senior management.

Ensure compliance with financial reporting requirements, regulatory guidelines, and internal policies.

Systems

Assist in providing input to the development and enhancements of Treasury systems in coordination with other concerned department to meet the business objectives.

Minimum Qualifications and Knowledge:

• Graduate degree in commerce / accounting / finance. Knowledge of treasury systems.
• Professional qualification such as CA, ACCA, CPA
• Knowledge of ERP and Treasury Financial Software.

Minimum Experience:

• Minimum of 7 years of experience in the field of Finance and Accounting, - Treasury function
• Experience in Real Estate / Construction / Project Management industries.