Treasury Assistant Manager
Cairo, EgyptPosted 2 months ago23People have clicked1 open position
Job Details
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Job Description
Job Description
Reporting:
Act as a primary business partner to other finance departments in supporting general accounting functions in:
Lead the recurring daily and monthly Reports:
Bank Facilities Management
Handling day to day operations:
COMMUNICATIONS & WORKING RELATIONSHIPS
Internal Communication:
External Communication:
Qualifications:
About Us
ABOUT SAVOLA
At Savola, we know who we are and we know what we are doing.
We are the leading strategic investment holding group in the food and retail sectors across the MENA (Middle East, North Africa) region. We are proud of our Saudi heritage, our current international presence and the ethical business model that sets us apart. We think that companies perform best when they play to their strengths. For us, this means focusing our resources on building a strong portfolio of assets in the food and retail sectors. Through companies under our two entities, Savola Foods and Savola Retail, we now operate large numbers of grocery stores and produce everyday household staples loved by consumers in 50 countries. Our profits also come from stakes we hold in other companies in our core sectors and other industries.
https://www.savola.com/en/about-us
About the Team
Life at Savola
Due to our reputation as one of the Kingdom's leading employers, we remain committed to ensure the welfare of all our employees, reflected in a wide range of programs designed to enhance career development; recognise and reward outstanding staff and their achievements and promote a positive, balanced professional environment.
Our People
At Savola, we are committed to adding value for all stakeholders, as our human capital philosophy does not only benefit employees, but also has a direct effect on business performance, and ultimately, the value we offer to our shareholders. That's why investing in human capital is one of our core strategic priorities. Therefore, Savola enables its employees to create professional value by acquiring and developing a highly skilled and competent workforce that will face, respond and lead challenges, while investing in a values-driven culture that promotes outstanding performance and fosters leadership.
Reporting:
Act as a primary business partner to other finance departments in supporting general accounting functions in:
- Monthly closing process and bank reconciliations
- IFRS Report
- Audit requirements
- Tax inspection assignments
- Any other ad hoc reports
Lead the recurring daily and monthly Reports:
- Cash Flow projections.
- Daily Cash Position
- HQ cash flow analysis
- Interest calculations
- Accruals analysis
- Financial Expenses variance analysis (Plan, Forecast and Last Year)
Bank Facilities Management
- Support the group Treasury manager in managing the authorized lines of credit with banks and reviewing facilities contacts.
- Maintain up-to-date reports for borrowings, bank facilities loans, overdraft accounts and control the Drawdowns and pay-off on it's due dates to secure the cash and minimize the interest rate
- Establish and maintain a strong and competitive working relationship with all banks to ensure achievement of company's goals related to growth.
Handling day to day operations:
- proceeding with all payments and following up with banks to ensure timely execution.
- Coordinate the issuance and renewal process of letters of credit, letters of guarantee and ensure compliance with company's policies and procedures.
- Reviewing all incoming / issuing letter of guarantee conditions / expiries to secure the company rights.
- Reviewing all incoming / issuing letter of credit conditions / terms to secure the company rights.
- Ensure that transactions in the treasury management system on ERP are recorded and maintain it up to date.
COMMUNICATIONS & WORKING RELATIONSHIPS
Internal Communication:
- All Finance team
- Purchasing
- Projects team
- HR
- Logistics
- Export department
External Communication:
- Banks
- Financial Institutions
- Suppliers
Qualifications:
- 5 years of treasury experience
- FMCG background
- CTP Is a plus
- LCs/LGs, bank facilities experience
About Us
ABOUT SAVOLA
At Savola, we know who we are and we know what we are doing.
We are the leading strategic investment holding group in the food and retail sectors across the MENA (Middle East, North Africa) region. We are proud of our Saudi heritage, our current international presence and the ethical business model that sets us apart. We think that companies perform best when they play to their strengths. For us, this means focusing our resources on building a strong portfolio of assets in the food and retail sectors. Through companies under our two entities, Savola Foods and Savola Retail, we now operate large numbers of grocery stores and produce everyday household staples loved by consumers in 50 countries. Our profits also come from stakes we hold in other companies in our core sectors and other industries.
https://www.savola.com/en/about-us
About the Team
Life at Savola
Due to our reputation as one of the Kingdom's leading employers, we remain committed to ensure the welfare of all our employees, reflected in a wide range of programs designed to enhance career development; recognise and reward outstanding staff and their achievements and promote a positive, balanced professional environment.
Our People
At Savola, we are committed to adding value for all stakeholders, as our human capital philosophy does not only benefit employees, but also has a direct effect on business performance, and ultimately, the value we offer to our shareholders. That's why investing in human capital is one of our core strategic priorities. Therefore, Savola enables its employees to create professional value by acquiring and developing a highly skilled and competent workforce that will face, respond and lead challenges, while investing in a values-driven culture that promotes outstanding performance and fosters leadership.