Assistant Treasury Manager

Parker Consult; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading management consultancy in Dubai seeks a Cash Management Specialist. This role involves daily cash management, forecasting, and establishing banking relationships. Candidates should possess strong analytical skills, proficiency in financial modeling, and a background as a Chartered Accountant. A minimum of 3-6 years of experience in a relevant field, preferably in retail, is required.

Qualifications

• 3-6 years in a relevant field, preferably with a retail group.
• Ability to communicate effectively at different levels.
• Experience in financial modeling and data warehousing is essential.

Responsibilities

• Responsible for daily cash management activities and monthly cash reporting.
• Review and establish LCs, TR, Term Loans, and fund arrangements.
• Manage facility utilization from different banks to minimize interest costs.

Skills

Analytical and Planning Skills

Strong communication and interpersonal skills

Sound knowledge of standard banking practices

Time management skills

Attention to detail and accuracy

Interest in process improvement

Proficiency in financial modeling in Excel

Education

Chartered Accountant / Cost & Management Accountant

Tools

Excel

JD Edwards

Navision

Job description

Responsibilities

• Responsible for daily cash management activities and monthly cash reporting, including preparing daily cash position, cash forecasting and ensure all payments are made on time in coordination with Finance Managers of different divisions.


• Understand thoroughly the different sources of cash inflows and outflows of the group, prepare monthly, quarterly and annual cash forecasts


• Review and establish LCs, TR, Term Loans and other short and mid - term fund arrangement from bank as per group’s requirements


• Manage facility utilization from different banks efficiently to minimize interest cost of the group


• Establish strong banking relation with relationship managers and their teams to ensure smooth movement of day to day transactions


• Review bank facility terms and conditions for the group and its subsidiaries and ensure they are in line with group’s requirements and policies. Maintain a list of bank covenants as per the facility sanction conditions and ensure group’s financials are in line with them.


• Actively participate in negotiation with different banks on facility structure and pricing along with Finance Director


• Work in line with group’s MIS requirements and ensure treasury department’s functions are updated to meet strict deadlines.


• Establish Forex deals at best possible rates, book forward deals whenever required and keep track of the currency market movements.


• Review, implement and monitor the electronic ways of doing banking offered by different banks from time to time


• Understand and manage appropriate accounting procedures and processes.


• Prepare or monitor company’s various cash flow forecasts and perform financial modeling


• Actively participate in annual budgeting process of the group and prepare annual budgeted cash flow.


• Review, recommend and implement process improvement in treasury department.

Qualifications and Skills

• Analytical and Planning Skills


• Strong communication and interpersonal skills. Ability to communicate to people at different levels both internally and externally. Willing to aggressively and professionally confront challenging situations.


• Sound knowledge of the standard banking practices, Incoterms and UCP 600.


• Time management skills and ability to handle pressure of a robust business environment with non - negotiable deadlines


• Attention to detail and accuracy


• Interested in process improvement


• Proficiency in financial modeling in Excel is a must. Familiarity in working in data warehousing/ data mining is also essential. Exposure to ERPs like JD Edwards & Navision would be an advantage.

Experience: 3-6 years in relevant field. Experience in working with a retail group would be preferred

Qualification: Chartered Accountant / Cost & Management Accountant

About The Company

Parker Consult is the fastest growing Management Consultancy in the Middle East. We provide world class services such as Executive Search and Selection, Consultancy and Training through our centrally located office in Dubai, United Arab Emirates. Ever since starting operations, the organization has witnessed rapid growth purely achieved through firm business relations and quality service delivery. Our market knowledge in the region put together with quality consultants and excellent infrastructure has enabled us to build a strong portfolio of clients which include MNC's and local firms.