Manager – Treasury and Budgeting

Job Title: Manager – Treasury and Budgeting

Reporting To: CFO

Location: Production City, Dubai

Qualifications Preferred

· Master's degree in accounting, Finance, or related field.

· Familiarity with ERP systems (SAP).

· 10 years of experience in corporate finance

· Hands-on mindset of a startup

Experience Preferred:

· 7 to 12 years of Treasury and Budgeting experience in a leadership capacity.

· Lead and manage the company's global cash management, liquidity planning, banking relationships, and treasury systems.

· Ensure the optimization of cash resources, compliance with financial risk policies, and operational excellence across all treasury activities.

· Raise optimal debt

· Experience in multi-entity, multi-currency environments is essential.

Language: Proficiency in Written and Spoken English

Duties and Responsibilities:

1. Global cash management

· Ensure cash is available in right legal entity, in right currency and in right bank a/c without delays, disruption or distraction.

· Forecast free cash flows (FCF) monthly on a rolling 12 month period and identify risks / opportunities to FCF. Perform a variance analysis between actual, forecast, and last year.

· Ensure efficient execution of payments, FX trades, and debt servicing. Ensure zero fraud or error on cash.

· Lead bank account strategy, documentation, KYC compliance, and fee negotiations. Minimize trapped cash and direct debits.

· Structuring of tax efficient inter-company loans

2. Financial Risk Management.

· Forecast all non-operating expenses of company (FX, interest, bank fees, etc.).

· Eliminate volatility in P&L and cash flows to financial risks e.g. FX, interest, counterparty, etc. through natural and synthetic hedging.

· Assess insurable risk exposure and negotiate insurance coverage (e.g., general liability, property, D&O, PI). Manage claims in coordination with insurers, brokers, and internal stakeholders.

3. Optimize non-operating costs

· Daily cash positioning and analysis of investment alternatives to optimize after tax net interest income.

· Minimize all transaction costs e.g. bank fees and taxes.

· Drive working capital through corporate cards, real time cash flow visibility, and planning

· Management of all company leases and debt contracts. Compliance to all capital market regulations

4. Enable global trade

· Leverage SYI bank group to negotiate services (e.g. corporate cards, bank guarantees, LCs, corporate guarantees, etc.)

·Own treasury systems, controls, and automation initiatives.

5*. Budgeting*

· Drive annual budgets, quarterly forecasts, and monthly budget vs actual reporting.

· Monitor and report on key financial and operational metrics.

· Build financial models to support investment decisions, pricing, cost optimization, and business cases.

· Support SAP digital transformation and data integration initiatives.

6*. Treasury accounting *

· Expert in Treasury related accounting and updates into SAP

· Ensure financials accurately reflects all treasury related transactions.

· Ensure compliance with internal controls and audit requirements. Create treasury policies and procedures. And enable treasury to evolve based on audit findings.

7. Debt Management

· Lead debt contract reviews, bank negotiations and structuring to minimize after-tax cost of debt

· Bank relationship mapping. Maintain strong partnerships with banking partners.

· Manage lease database and contingent liabilities from cradle to grave.

· Analyze buy vs lease using NPV framework

Skills:

· Communication: Excellent written and verbal communication skills for coordinating with various departments and external vendors.

· Problem-Solving: Analytical mindset to identify issues and provide effective solutions.

· Time Management: Ability to manage multiple tasks and deadlines efficiently.

· Attention to Detail: High level of accuracy in financial processes, from invoicing to reconciliations.

· SAP Knowledge: Expertise in using SAP for treasury transactions.

· Financial Acumen: Deep understanding of treasury and working capital principles.

Personal Attributes

· Represents SYI with integrity and upholds high standards of confidentiality, work and conduct.

· Professional and ethical in all dealings with employees, clients, and suppliers.

· Reliable, consistent, and deadline-oriented with a proactive attitude.

· Flexible and adaptable to changing business needs and departmental requirements.

· Able to work collaboratively within a diverse team and interact with multiple departments.

Working Conditions

· Full-time position, based at SYI's office locations within the UAE.

Job Type: Full-time

Pay: AED15, AED23,000.00 per month