Treasury Manager

Full time at a Laimoon Verified Company in UAE

Posted on September 1, 2024

Job details

Responsibilities:Effective cash management:Proactively manage the bank balances throughout the IPH group (>50 entities & >150 bank accounts using >5 banks) and use the latest cash forecast of each entity to:Ensure sufficient funds are available in the required currencies and ready for construction & 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 IPH group bank account 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 dividend payments:Plan and execute the dividend payments from all operating wind and solar farms, up through the holding companies to the IPH TopCo, 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 IPH TopCo down to the wind/solar construction projects via the holding companies, 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 (e.g., 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 (London, Dubai, Cairo, Cape Town, Dakar).Minimum Qualifications:Part-qualified or newly qualified accountant (CIMA/ACA/ACCA).Minimum grade B in A-level maths (or equivalent qualification) & grade B (new grade 6) in GCSE English, or equivalent international qualifications.University degree preferred but not 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 French language skills would be beneficial.

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Treasury Manager

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