Job Details
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Job Description
Effective cash management:
- Proactively manage the bank balances throughout the company and use the latest cash forecast of each entity to:
- Ensure sufficient funds are available in the required currencies and ready for production & operating activities
- Minimize bank charges and maximize interest-earning opportunities
- Ensure the company is holding cash in the preferred entities and currencies, in line with company policy
- Follow, maintain, and improve the cash management control processes
Manage bank accounts:
- Maintain the company bank accounts register, keeping accurate records of bank details and access rights
- Maintain process notes for all bank account processes
- Prepare bank instructions for ongoing bank management for signatory approval
- Manage all changes to bank accounts (users, signatories, etc) as required
- Provide training to new users
- Act as the super-user & main point of contact for all banks.
Manage future dividend payments:
- Plan and execute the future dividend payments from all operations, writing board memos, arranging resolutions, and preparing payment instructions
- Apply for authorizations from the central banks as required
Construction funding :
- Plan and execute the transfer of shareholder funds from the company , on time, using correct loan/equity ratios and the correct governance
FX trades :
- Plan and execute FX trades with the FX provider. Procure all approvals and arrange payments
- Be the main point of contact & maintain relationships
- Perform annual benchmarking exercise
Local project finance support :
- Support the local finance teams with specific project finance obligations (eg DSCR calculations, DSRA/FXRA required balances & LTSA indexing)
- Quickly gain a comprehensive understanding of the project finance accounts agreements of each project to ensure project finance compliance is observed
Bonds and Letters of Credit :
- Support the Head of FP&A to arrange and renew bonds/LCs as required. The candidate will be expected to interact with colleagues from all levels of the organization from different cultures in all geographies (GCC, Cairo, etc..)
Job Requirements
- Part-qualified or newly qualified accountant (CIMA/ACA/ACCA)
- University degree essential
- Good verbal and written communication and good Microsoft Excel skills - the interview process will include a test to demonstrate basic Excel skills and communication
- Self-starter with a high level of enthusiasm and willingness to learn plan, and organize, and good attention to detail
- At least 3 years working in any finance role in any industry. Exposure to project finance would be beneficial
- Arabic or English language skills
- Average experience of 10 – 15 years in the Banking Industry.
- Relevant experience of a minimum of 3-5 years in Treasury.
- 4 to 6 years of senior/middle management experience (managing Treasury).
- Experience in managing large teams/units.
- Long terms association in delivering high standard quality of service.