Treasury Director

22 hours ago


Dubai, Dubai, United Arab Emirates Decision Management Consultants Full time
About Our Client

Our client is a leading multinational logistics company based in Dubai, UAE. With a strong global presence, the company excels in providing comprehensive logistics solutions, including cargo handling, port terminal operations, maritime services, and the management of free trade zones worldwide.

Key Responsibilities
  • To lead the designing, implementation, and management of the cash management structures for the global freight forwarding business.
  • To develop and implement a treasury strategy with the aim to efficiently fund the working capital requirements of the freight forwarding business and manage cross-border funds flow.
  • To set up a cash management structure for the freight forwarding business that manages liquidity across the global branch network.
  • To implement, maintain, or improve the day-to-day treasury requirements for the freight forwarding business.
  • To manage the cash position to optimize return on capital employed.
  • To provide leadership, guidance, policies, and training to regional finance managers responsible for freight forwarding branches on how to effectively manage liquidity and currency finance that is based on thresholds in a delegated authority matrix agreed with Group Treasury.
  • To oversee inter-group funding structures and cash settlement.
  • To 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.
  • To manage bank guarantees where required.
  • To oversee and negotiate ABL structures (Factoring) where applicable.
  • To perform foreign currency and interest rate hedging in close collaboration with Head Office Treasury.
  • To support group treasury on funding processes within the region.
  • To report on cash positions, cash forecasts, and seeking funding for shortfalls.
  • To work with statutory auditors and internal auditors.
Requirements
  • Masters degree in finance.
  • 7 to 10 years of experience in the management of a treasury function in logistics/freight forwarding business.
  • Solid experience in the implementation of cash pool structures.
Benefits
  • Competitive salary package.
  • Other employee benefits as per UAE labour law.

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