Assistant Treasurer

Job Summary

• Handling the daytoday cash management activities of the company.
• Assisting the treasury team in monitoring and Followup of trade finance activities
• Assisting Senior treasurer in monthly and Quarterly Reporting
• Ensuring treasury KPIs are met.
• Reconciliations with group treasury

Role & Responsibilities

DAILY CASH MANAGEMENT

• Responsible for repatriation of funds promptly to group treasury
• Ensuring minimum cash balance locally and at every month's end with explanations of any

cash balance in the accounts.

• Petty cash / corporate cards/Edirhams cars handling and reconciliation.
• Ensuring Toyota Global netting system uploads every month in a timely manner.
• Daily integration of bank statements in Kyriba, correction of codification, and resolving any

issues identified daily.

• Reconciliation of treasury forecast with actual in Kyriba
• Saving and circulation of daily bank statements with the accounting team and

communication of receipts to the teams required internally.

• Preparation of payments to suppliers/ sending CFEs and payments in sign now

REPORTING AND FOLLOW-UP

• Preparation of monthly cash flow forecast and assist senior treasurer to gather information

for quarterly cash flow forecast.

• Reconciliation of actual cash balances v/s the forecast to understand variances and

improvements required in the cash flow forecast.

• Preparation of any other countrywise adhoc forecasts when required.
• Assisting senior treasurer with the preparation of quarterly HFM reports required by

consolidation.

• Updating interest rates such as Bank SOFR, JIBAR etc for reporting and interest calculation purpose
• Reconciliation of treasury current account balances and the relevant interest thereon with

group treasury.

• Assisting senior treasurer for preparation of treasury dashboard report
• Preparation of treasury KPIs report

TRADE FINANCE

• Supporting senior treasurer in collection of data such as open LCs, SBLCs for preparation

of trade finance report

• Daily monitoring of SBLC and credit limits consumption
• Act as a back of senior treasurer in case of his absence
• Supporting the other departments in any trade finance related query, follow up with banks.
• Support senior treasurer in coordinating with banks for the review of LCs terms and

conditions, finding relevant banking schemes for confirmation, advising of LCs/SBLCs.

• Preparation of related parts for cash management and trade finance for monthly treasury

meetings.

• Follow up of bank fees related to LCs and SBLCs and ensuring the charges are as per the

agreement with the banks.

70% - Cash management - Expert

• Cash managementrelated activities such as

handling of cash daily and improvement of overall

reporting related to cash.

• Cash forecast preparation as per group treasury

requirements and suggestions to improve the

forecasting method.

• Strong communication with relevant teams to

ensure minimum cash balances in the accounts

every month.

• Supplier payments as requested by the

accounting team and uploading in sign now

plus ensure funding related to payments.

• Repatriation of funds and ensure the

efficiency of cash pooling.

• Kyribarelated tasks for daily integration of

bank statements, and codification.

30% - Trade finance - High level

• Monitor the SBLCs and LCs to ensure no

excess as per the company rules.

• Assisting the senior treasurer in the

preparation of relevant reports related to

trade finance.

• Assisting the staff overall with any LCrelated

queries

• Close coordination with the supply chain

team to gather information required for

various reporting purposes.

• Suggest improvement in reports for smoother

reporting

Qualifications and Education Requirements

• Good interpersonal and communication skills.
• Good understanding of business functional matters.
• Ability to integrate constraints and challenges regarding needs and developments.
• Strong knowledge of cash management, trade finance, and other treasury verticals
• Bachelor's degree in finance and related field
• Thorough knowledge of Kyriba and ERP related to treasury.
• Strong knowledge of Microsoft products such as MS Excel, PowerPoints, Power BI
• Proven experience 2 3 years of experience related to treasury.

What we can offer you:

• Salary up to AED9,000/ monthly
• Full time position
• Employment visa
• Medical & life insurance
• Overtime pay.
• Annual leave
• Annual ticket
• Yearly bonus

Pay:
AED7, AED9,000.00 per month

Ability to commute/relocate:

• Jebel Ali: Reliably commute or planning to relocate before starting work (required)

Experience:

• Treasury: 2 years (required)

Application Deadline: 27/04/2024

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