Manager-Treasury

Job Summary

Roles & Responsibilities

• Work in close coordination with Director Treasury and develop / maintain strong banking relationships outside UAE
• Devise mechanisms to handle long term loans for projects with huge CAPEX requirement
• Ensure timely mobilisation of working capital and term funds on optimum terms
• Work in close coordination with Director Treasury to devise innovative financing options, negotiate with banks and use funds effectively to ensure savings in financial costs and bank charges
• Support the Director Treasury in all related activities like consolidation, analysis and forecast of IFFCO’s cash flow, maintain relationship with banking and credit rating agencies
• Support the Director Treasury in evaluating and managing of interest risk of IFFCO. Provide support in the evaluation and monitoring of any investment decisions
• Support the Director Treasury in Working Capital Management including short, medium-and long-term cash flow forecasting framework, strategic and operational cash flow forecasting, cash flow forecast performance analysis
• Assist in planning, organizing and controlling all operations of Cash Management. Monitor overall cash position including reporting of cash balances on a daily basis, review of aggregate cash position, identification of short term cash requirements or surpluses, identification of petty cash reconciliations
• Manage short term cash requirements and surpluses including determination of cash deficits and surplus
• Monitor group term loans and working limit and negotiate with different banks for a surplus cash pooling facility whenever necessary
• Calculate cost of funds for the group and devise mechanisms to reduce the working capital costs
• Conduct benchmark studies of banks and their services to evaluate as per IFFCO’s requirements
• Perform KYC to identify and verify the identity of the bank
• Work in close coordination with the Director Treasury and ensure that non-USD, non AED exposure is hedged in an effective and appropriate manner
• Develop relationships with new banks for trade financing and handle trade financing activities of the business units
• Ensure successful implementation of all new regulatory and statutory reporting requirements in respect of Treasury and ensure compliance with the credit policy for various banks
• Ensure all transactions related to cash and bank are posted in books of accounts and reconciled in a timely manner with a high degree of accuracy
• Understand leading practices and trends in terms of treasury management. Evaluate best practices and support the Director Treasury in implementation of the same across IFFCO

Kpis

• Cycle time for providing funds
• Relationship building with banks
• Deviation from projected cash flows
• Average returns on investments compared to last year
• Cost of funds
• Work experience requirement
• 8+ years of related experience preferably within a large group with exposure of handling huge volumes of cash

Qualification