Job Details
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Job Description
Job Summary:
- Assessing, monitoring, planning, and managing corporate liquidity, investments, and financial risks related to the activities and objectives of the Company.
Duties:
Cash and Liquidity Management
- Cash and liquidity management, forecasting cash flow positions, related working capital, borrowing needs and available funds for investment
- Ensuring that sufficient funds are available to meet ongoing operational and capital investment requirements
- Advising management on the liquidity aspects of its short- and long-range planning
- Evaluating, developing and implementing cash management systems
- Investing and monitoring funds in short-term and long-terms tools
Funding
- Building and maintaining local banking relationships
- Forming and implementing corporate banking strategy, arranging for the Company’s debt financing
- Managing bank debt, monitoring covenants, terms, conditions and contractual requirement
- Conducting benchmark studies of banks and their services to evaluate whether they fit the Company’s requirements
- Evaluating long-term borrowing sources and making recommendations in accordance with the capital structure guidelines
- Providing guidance on special financing products (e.g. Lease models, Export Programs) and liaising with related financial service providers
Risk Management
- Undertaking risk management activities to protect Company’s financial well-being
- Planning, using and monitoring hedging strategies as a means of mitigating financial risks related to the interest rates on the Company's borrowings, as well as to the Company’s foreign exchange positions
- Maintaining a system of policies and procedures that impose an adequate level of control over treasury activities (working capital/ investment/ collection monitoring procedure)
Customer & Supplier Credit Management
- Implementation and maintenance of a set of comprehensive Credit Risk/Limit Policies and Procedures
- Establishing credit limits for customers and monitors new accounts based on current financial information, business history and current credit reports
- Managing cash payments, monitoring DPO and anticipating challenges arising from target DPO
- Monitoring collections, determining DSO, tracking overdue customers and advising on ways to mitigate collection overdue
- Interacts with credit insurance company to ensure proper coverage and limit Company’s risk exposure
Treasury Operations
- Supporting management in conducting presentations to the Company’s Board of Directors
- Cooperating with internal and external auditors and following-up on audit recommendations
- Providing advice to other departments on payment instruments (e.g. L/C) and collaterals
- Any other tasks that are related to the main job responsibilities an maybe required by the direct manager
Job Requirements
- Minimum 7 years of progressively responsible treasury experience in a corporate or banking environment
- Bachelor of Business Accounting or Finance. MBA / Treasury Professional Designation is a plus
- Strong analytical, financial and systems skills
- Strong communication skills, oral and written, with the ability to lead a team of finance professionals and cross-functional teams
- Strong interpersonal and leadership skills
- Strong attention to detail
- High level of organizational and planning skills
- Ability to prioritize deliverables and drive results
- Ability to apply finance and treasury principles and policies to day-to-day responsibilities
- Strong work ethic, willingness and ability to work effectively independently or as part of a team
- Ability to multi-task, meet deadlines and adapt quickly to changes
- An active listener and good communicator with an aptitude to interact with all levels of people
- Good command of English and Arabic (written and oral)
