Treasury Manager

Full time at a Laimoon Verified Company in UAE

Posted on December 25, 2024

Job details

Roles and ResponsibilitiesResponsible for overseeing Aldar's cash management operations, intercompany funding including cash pooling and netting. This role requires a deep understanding of banking products for collections and payments, and treasury management systems. Lead optimization of cash flows, improving operational efficiency, and managing cash trap risk within a complex real estate regulatory and joint venture environment.Cash Pooling and Netting & In-house Bank: Implement and manage efficient cash pooling and netting strategies to optimize cash utilization and reduce transaction costs across multiple group entities.Payments and Collections: Advise and bring onboard improved collections and payments processes, minimizing costs and risks in O2C and P2P processes. Develop and implement solutions for internal customers for collections and payments.Cash Forecasting Advisory: Consult, guide and support various group entities in improving quality of short-term cash flow forecasting and optimize cash management.Risk Management: Identify, assess, and mitigate cash management risks, including liquidity risk, and operational risk. Implement and influence, as need be, appropriate controls and safeguards to protect the company's cash assets.Bank Relationship Management: Build and maintain strong relationships with banks and other financial institutions to negotiate favorable terms and conditions for cash management services and products.Treasury Management Systems: Select, implement, and manage treasury management systems to support efficient cash management operations and provide timely and accurate reporting.Regulatory Compliance: Ensure compliance with all relevant escrow regulations pertaining to treasury activities, including anti-money laundering (AML) and know-your-customer (KYC) requirements.Team Management: Lead and develop a team of cash management professionals, providing guidance, training, and support to ensure optimal performance.Intercompany funding management: Design and implement efficient I/C funding management while being compliant with applicable laws and regulations, and ensuring balanced outcome for Aldar and minority investors.Bank account management (incl. escrow) to ensure optimal operational and counterparty risk management.Lead RFPs/RFQs for various cash management and operational treasury products to drive best pricing and quality for Aldar Group.Qualification and ExperienceBachelor's degree/certificate in accounting, finance or economics from a reputable university, CFA is a plus.RELATED YEAR OF EXPERIENCE:Min of 10+ years of experience in a corporate treasury environment. Multinational corporate treasury a plus.Desired Candidate ProfileMin of 2+ years in a managerial position.Technical and Interpersonal SkillsStrong cash and short-term debt analysis and management skills.Proficiency in MS Office and treasury software applications (Reval, other TMSs, SWIFT, Bloomberg, others).Negotiate with banks. Design RFPs/RFQs.Operational risk management.I/C loan documentation.Proven track record in implementing cash management solution and treasury management system.Team player, ability to work under pressure and independently, strong attention to details and problem-solving abilities.Setting up supplier/contractor financing.Cash Management: Overseeing daily cash management operations to ensure optimal liquidity and effective cash flow forecasting.Investment Strategy: Developing and implementing investment strategies for the organization's excess cash, ensuring alignment with risk tolerance and financial goals.Debt Management: Managing the organization's debt portfolio, including financing strategies, compliance with covenants, and refinancing initiatives.Risk Management: Identifying and mitigating financial risks, including interest rate, currency, and credit risks, through appropriate hedging strategies.Financial Planning: Collaborating with finance and accounting teams to develop long-term financial plans and budgets.Banking Relationships: Managing relationships with banks and financial institutions, negotiating terms, and overseeing bank services.Treasury Policies: Developing and enforcing treasury policies and procedures to ensure compliance and best practices.Reporting: Providing regular reports to executive leadership and the board on treasury activities, cash position, and financial performance.Team Leadership: Leading and mentoring the treasury team, fostering a culture of collaboration and professional development.Regulatory Compliance: Ensuring compliance with financial regulations and standards relevant to treasury operations.

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Treasury Manager

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