Manager - Treasury Process Excellence

Agility Public Warehousing Company K.S.C.P.; Abu Dhabi; On-site; AED 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as a Treasury Specialist, where you'll play a crucial role in optimizing Treasury operations and enhancing financial processes. This dynamic position involves managing bank accounts, guarantees, and letters of credit, while also driving improvements in Treasury systems and reporting. You will work closely with various teams to ensure accurate financial transactions and compliance. If you have a passion for finance and a keen eye for detail, this is an exciting opportunity to make a significant impact in a collaborative environment that values innovation and excellence.

Qualifications

• Bachelor’s degree in finance or related field; ACT qualification preferred.
• 5+ years of relevant experience in Treasury operations.

Responsibilities

• Manage bank accounts, guarantees, and letters of credit for business needs.
• Support Treasury system enhancements and process improvements.

Skills

Attention to detail

Problem-solving skills

Due diligence

Numerical skills

Good working level of English

Education

Bachelor’s degree in finance/accounting/commerce/mathematics

ACT qualification or equivalent Treasury qualification

Tools

Treasury Management System (TMS)

SWIFT

MS Excel

Power BI

Word

Outlook

Job description

Job Brief:

Operational (35%): Responsible for the issuing and recording of guarantees/letters of credit. Managing the opening and closing of bank accounts. Verification of deal details and related confirmations to the bank. Providing back up for the back-office team as required.

Strategic (65%): Supporting the team on process improvements within Treasury operations, including but not limited to;

a) Treasury management system enhancement/new implementation, including Direct SWIFT connectivity for bank balance reporting and payments. Other modules for deal booking, cash forecasting, reporting, market data and intercompany loans.

b) Treasury reporting, including covenant compliance, risk management reporting and database management.

c) FX & MM dealing process, including confirmations and settlement

d) Trade finance process (BG &LC’s) and system utilization

e) Intercompany loan bookings, utilization tracking and interest calculations

f) Bank account structures, optimizing use of relationship banks and tracking share of wallet

g) Treasury policy & procedures and establishing ways of working for Agility subsidiaries.

Your Responsibilities

Treasury Management System (TMS)

• Assist with implementation and or upgrade of Treasury Systems including linking with SWIFT
• Investigate and identify ways to optimize use of TMS for various functions to drive automation
• Assist with connectivity for bank balance reporting, payments and bringing in market data into the TMS.

Deal confirmations & Settlements

• Responsible for verification of deal details and related confirmations to the bank

Bank Transfers

• familiar and has experience with setting up MT101/ISO20022 payment connectivity with banks via a TMS
• Understands the end-to-end Treasury payments process including appropriate controls and segregation of duties.

Guarantees & Letter of Credit

• Validate approval, documentation and manage issuance of guarantees and letters of credit in support of business units’ commercial needs
• Follow up with banks for timely issuance and/or amendments
• Ensure accurate recording of guarantees / letters of credit into the TMS
• Follow up with the business units on maturing guarantees / letters of credit on further action
• Supporting the enhancement of the overall trade finance processes.

Bank Account Management

• Manage the opening and closing of bank accounts for different purposes
• Implement signatory matrices on the accounts
• Provide the bank with necessary legal documents to facilitate account opening process
• Optimizing the overall banking landscape, migrating to relationship banks and tracking share of wallet.

Treasury Reporting development

• Review current reports on overviews of cash positions, FX exposure, external debt, intercompany loans, outstanding guarantees, money market operations, and automate their output such that they are straight from the system

Treasury Projects

• Deliver on the strategic requirements as above
• Undertake specific projects within the treasury team when necessary, including but not limited to updating Treasury policies and procedures, upgrading Treasury systems, etc, as per the strategic requirements above

Your Qualifications

• Bachelor’s degree in finance/accounting/commerce/mathematics, or other related field, higher studies an advantage
• An ACT qualification (or equivalent Treasury qualification) would be preferable
• Minimum 5 year relevant experience in Treasury

Your Proficiencies

• Accuracy and attention to detail
• Due diligence on transactions and confirmations
• Good working level of English required
• Good knowledge of Treasury Systems and technology, Treasury processes and SWIFT
• Advanced MS Excel skills, and proficiency in Word, Outlook and Power BI is an advantage
• Strong problem-solving and numerical skills