Treasury Executive

Overview

Key Responsibilities

• Banking and treasury operations
•  Maintain relationships with banks to facilitate seamless fund transfers,cash pooling, and cost-effective banking solutions.
•  Conduct periodic reviews of bank charges, interest rates, and service quality, negotiating improvements where necessary.
•  Safeguard sensitive financial data, particularly supplier and bank account details, against unauthorized access.
• Cashflow forecasting and liquidity planning
•  Perform short-term and long-term cash flow forecasting, providing actionable insights to the Group Finance Manager.
•  Monitor fund requirements for projects, operational expenses, and debt obligations, advising on optimal fund allocation ensuring compliance covenants and other financial obligations tied to project financing.
•  Identify opportunities to improve cash flow efficiency and reduce financial risks through process enhancements.
• Cash management
•  Perform daily reconciliation between bank records and accounting records to ensure that receipts and payments are accurately reflected in company's books as well as bank records.
•  Prepare daily cash position reports for the owner, business unit heads and BU Finance Executives, providing insights into cash flow status and liquidity levels.
•  Monitor cash inflows and outflows to ensure alignment with operational and strategic needs.
•  Propose and maintain minimum cash reserve levels for business continuity.
•  Work closely with BU Finance Executives in:
• Tracking and timely presentation of post-dated cheques to bank
• Monitoring and tracking bank guarantees, performance bonds, etc. collected in connection with tenders / projects
• Payment processing
•  Update supplier bank account details in the AP master database, ensuring accuracy and security.
•  Establish batch payment processing and prioritization criteria for streamlining payments.
•  Work closely with AP team and BU Finance Executives in prioritizing payments.
•  Handle disbursements for land department fees and other statutory payments, maintaining strict adherence to timelines.
•  Process all disbursements adhering to batch payment & prioritization criteria, ensuring minimum cost of capital, while adhering to BU specific needs and timing.
•  Ensure all payments comply with internal controls, financial policies, and regulatory requirements.
•  Ensure there are no duplicate payments to suppliers against the same invoice.

Requirements

• Bachelor's degree in accounting, finance or related field. Professional certifications (e.g., Certified Treasury Professional, Chartered Financial Analyst) are desirable
• 5+ years of treasury experience, preferably in real estate or allied sectors with proven expertise in cash management and working capital optimization.
• Proficiency in ERP systems, bank payment platforms, and advanced Excel
• Excellent communication skills
• Knowledge of Arabic language would be an added advantage
• Technical competencies
• Expertise in cash flow management and working capital optimization
• Strong understanding of banking systems, treasury tools, and ERP platforms
• Advanced analytical skills for cash flow forecasting and financial modeling
• Knowledge of real estate and allied sectors
• Knowledge of financial risk management

Benefits

• Competitive salary of AED 5,000 per month
• Opportunity to work in a dynamic and growing organization
• Professional development and career growth opportunities
• Supportive team environment