Group Director - Treasury (Global Freight Forwarding) - UAE

Full time at Kariera Group Recruitment Services . Energy (integral part of Oil and Gas Job Search) in UAE

Posted on December 26, 2024

Job details

About the Role: Kariera Group recruitment services are seeking to secure a Director of Treasury with commercial Freight experience, to join a leading Global Freight forwarding Business. This role will involve relocation to the UAE on a permanent basis. This role will be responsible for developing and implementing a treasury strategy with the aim to efficiently fund the working capital requirements of the freight forwarding business and manage cross-border funds flow. This strategy will need to ensure that cash is available to meet the working capital requirements of a rapidly growing business operating in multiple geographies while ensuring over-capitalisation does not result in a drag on ROCE. The strategy will also need to consider the management of foreign exchange risk and efficient sources of financing. Furthermore, the role is expected to provide support to the new regional and country-level freight forwarding business units in various geographies through training, policies and procedures, and best practice treasury governance. The cash management/pooling is expected to be key to the efficient operation of the freight forwarding business as it allows efficient management of cash across a wide range of branches. Key Responsibilities:

Lead the development, implementation, and management of a global treasury strategy for a leading World freight forwarding business.
Set up a cash management structure for the freight forwarding business which manages liquidity across the global branch network.
Implement, maintain, or improve the day-to-day treasury requirements for the freight forwarding business.
Manage the cash position to optimize return on capital employed.
Provide leadership, guidance, policies, and training to regional finance managers responsible for freight forwarding branches on how to effectively manage liquidity and currency finance based on thresholds in a delegated authority matrix agreed with Group Treasury.
Oversee intergroup funding structures and cash settlement.
Work closely with Group Tax and Group Legal to ensure that funding structures are tax-efficient and compliant with local laws and regulations in the geographies where the branch network operates.
Manage bank guarantees where required.
Oversee and negotiate ABL structures (Factoring), where applicable.
Perform foreign currency and interest rate hedging in close collaboration with Head Office Treasury Support group treasury on funding processes within the region.
Report on cash positions, cash forecasts, and seek funding for shortfalls.
Work with statutory auditors and internal auditors.

Requirements: QUALIFICATIONS

Bachelor’s degree/University degree or equivalent experience in Finance & Banking
Master’s degree preferred

EXPERIENCE

Solid experience in the management of a treasury function in logistics/freight forwarding business.
Background in banking implementation of cash pool structure.
Technical treasury experience (implementation of systems).
Finance modules for ERP systems (Oracle/SAP).

SKILLS

Strong communication skills - You are able to understand and address stakeholder’s needs and communicate change requirements.
Problem-solving - You enjoy solving problems and getting to the root cause. You love taking on difficult challenges and finding creative, innovative solutions.
Detail-oriented - You pay strong attention to details while keeping the bigger picture in mind.
Solid understanding of compliance requirements to protect the company’s assets.
Strong collaborator - You can work independently but also enjoy collaborating across dynamic and multi-cultural teams.
Results-oriented - Proactive in handling competing priorities and meeting deadlines.
Confidentiality - You consider and protect the confidentiality of company data at all times.
IT skills - You have a clear interest in systems and can define actionable tasks for the IT team.
Flexibility to travel - You are ready to travel between 10-20% of the time across Europe.
Languages - You speak and write fluent English; additional languages are a bonus, particularly German or Dutch.

Benefits:

Competitive tax-free expat package

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Group Director - Treasury (Global Freight Forwarding) - UAE

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Kariera Group Recruitment Services . Energy (integral part of Oil and Gas Job Search)

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Group Director - Treasury (Global Freight Forwarding) - UAE

Job details

Apply safely

Hiring company

Kariera Group Recruitment Services . Energy (integral part of Oil and Gas Job Search)

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