Manager 1 Treasury

2 weeks ago


Dubai, Dubai, United Arab Emirates Concentrix Full time
About the job

JobTitle:

Manager 1,Treasury

JobDescription

Will mainly handleand manage the day to day cash management operations ofTreasury

Cash Management

  • Manage the day to day cash andliquidity position across Treasuryoperations.
  • Coordinate the opening and closingof bank accounts. Work with internal teams to set up accounts withdesired options
  • Review daily cash balances,projections, and coordinate cash transfers across various accountsto ensure funds availability for all scheduled disbursementactivity
  • Prepare a cash forecast summarizingcash inflows and outflows (e.g., AP, payroll and employee relatedpayments, tax and governmentremittances)
  • Coordinate intercompany fundsmovements consistent with Corporate objectives; manage individualentity requirements and identify means to maximize internal cashand minimize external borrowingrequirement
  • Ensure and manage banking activitycompliance with local statutory and central bankrequirements
  • Initiate transfers within banksystem as necessary to support Treasury Cash Managementobjectives
  • Address periodic bank transactionalissues and work with functional teams (e.g., A/P, A/R, Payroll,etc.) to address root cause andresolve.
  • Periodically reassess and design anefficient cash management banking structure to meet businessrequirements, minimize bank fees, minimize bank accounts, managecounterparty risk and optimize / leverage relationships with globalbanking partners. Prepare and analyze RFP questions and responsesas required.

BankSystems:

  • Manage, maintainand ensure availability of banking systems and platforms; enhancefunctionalities as required and put in place new set-ups whereneeded to ensure efficiency of transactions (ex. Payroll upload,online payments)

ForeignExchange:

  • Execute spottrades as necessary to support cash management objectives. Activelysolicit the market to ensure conversion rates maximize localcurrency received. Determine best practice for currency conversion– both timing and process while achieving other cashmanagement objectives

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