Treasury Manager

NicheHR LLP; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

An established industry player is seeking a Treasury Manager to oversee corporate treasury functions for its FMCG client in Dubai. This role involves managing investments, monitoring foreign exchange transactions, and establishing strong banking relationships. The ideal candidate will have significant experience in treasury management, particularly in the UAE market, and will be responsible for ensuring efficient fund utilization across subsidiaries. Join a dynamic team where your expertise will drive financial strategies and contribute to the company's growth in a vibrant market.

Qualifications

• 11-13 years of industry experience, with 6-7 years in corporate treasury in UAE.
• Strong knowledge of forex management and investment strategies.

Responsibilities

• Manage investments and monitor borrowing movements for subsidiaries.
• Oversee forex contracts and ensure compliance with hedging policies.
• Negotiate banking relationships and optimize bank charges.

Skills

Corporate Treasury Management

Foreign Exchange Management

Investment Analysis

Bank Relationship Management

Financial Reporting

Education

Chartered Accountant (CA)

Job description

We are looking for a Treasury Manager for one of our FMCG clients based in Dubai.

Experience : 11-13 Years of Industry Experience, out of which 6-7 years should be in corporate Treasury in UAE.

Education : CA, Chartered Accountant

Responsibilities :

1. General Responsibilities:
   • Responsible for investments on short & long term products.
   • Monitoring borrowing movements.
   • Establishing & maintaining relationships with banks.
   • Looking for opportunities for short term & long term investments.
   • Ensuring efficient utilization of funds at all IBD subsidiaries.
2. Forex Management:
   • Reviewing and reconciling all foreign exchange contracts, positions - including settlement instructions to the banks and internal teams.
   • Reviewing the status of transactions, accounting and reconciliations for all forex exposure at a group level.
3. Review:
   • Monitoring bank accounts and credit facilities (including pricing and other terms) with multiple banks, reviewing all new facilities across all locations, executing 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.
4. Hedging:
   • Working out alternate ways of hedging FX exposure for countries where forwards & futures are not available.
   • Tracking currencies and taking preventive steps for any expected currency depreciation.
   • Ensuring the FX hedging is done as per FOREX policy and evaluating hedge effectiveness.
   • Arranging banking relationships for all subsidiaries.
   • Negotiating bank charges and the opening of new bank accounts to fulfill banking needs.
   • Obtaining bank working capital limits and capex loans.
   • Analyzing investments in line with FX instruments to tap any forex arbitrage opportunities.
   • Exploring Letter of Credit discounting opportunities which provide the benefit of interest arbitrage.
5. Others:
   • Reviewing MIS and reports prepared by Finance Managers across subsidiaries and redesigning those MIS to address additional future requirements if any.
   • Managing related party receivables and exposure across all group entities.

Treasury Manager • Dubai, DU, United Arab Emirates