Treasury Operations Manager

3 weeks ago

Dubai, United Arab Emirates Al Khayyat Investments (AKI) Full time

We are seeking a skilled Treasury Operations Manager to join our team. If you thrive in a dynamic environment and have a passion for financial operations, we want to hear from you

The Treasury Operations Manager is a key position within the Finance department. The primary responsibility is to manage the financial activities and transactions related to the Treasury function. This involves overseeing the company's payment flows , liquidity management and Trade Finance activities

KEY ACCOUNTABILITIES:

  • Cash Management: Managing the organization's exposure & reporting on weekly basis, cash position, including monitoring and forecasting cash flow, bank settlements, ensuring adequate liquidity, and optimizing cash balances across various accounts. Analyzing cash flow patterns, identifying areas of improvement, and implementing strategies to enhance cash management efficiency.
  • Banking Relationships Management: maintaining relationships with banks and financial institutions to facilitate banking services, such as opening and closing accounts, negotiating fees, and coordinating banking transactions.
  • Payment Processing: Overseeing payment processes, including vendor payments, payroll disbursement, and customer receipts, while ensuring compliance with internal controls and regulatory requirements.
  • Trade Finance: Manage and control Trade Finance banking facilities such as Trust Receipts, Short Term Loan, Term Loans, Letter of Credits, Invoice Financing, and liaising with the Treasury team members to ensure 24/7 coverage is in place. Managing Bank Guarantees opening and closing flows including coordination with BU Finance teams and third party government clients (DHA, MOH etc).
  • Letter of Credits: Track, process and reconcile Letters of Credit and issue corresponding quarterly reports. Review reconciliations and maintain all treasury files, Bank account management, including open/close bank accounts, update/track bank account changes, signing mandate and assist with the administration of online banking platforms.
  • Risk Management: Identifying and managing financial risks, including interest rate risk, foreign exchange risk, credit risk, and liquidity risk. Implementing hedging strategies to mitigate these risks and safeguard the organization's financial position.
  • Compliance and Reporting: Ensuring compliance with financial regulations and reporting requirements, such as assisting with the sections related to Treasury within the financial statements for auditors, Treasury schedules at the year end, bank balance confirmations, Trade Finance reconciliations, Interest Rates Swap workings, banking interest provisions and the banks borrowings reconciliations towards regulatory filings.
  • Accounting & Auditing: Ensure the system and team are functioning according to policy and procedures, accounting standards, and are an accurate representation of company current standings.
  • Manage and improve internal policies, procedures and controls based on company needs, targets, and regulatory requirements.
  • Treasury Policies and Procedures: Developing and maintaining treasury policies, procedures, and controls to ensure adherence to best practices, internal policies, and external regulations.
  • Collaboration and Communication: Collaborating with cross-functional teams, including finance, accounting, legal, and risk management, to support strategic initiatives, provide financial insights, and facilitate effective decision-making.

MINIMUM QUALIFICATION AND EXPERIENCE:

  • Bachelor's degree in Finance or Accounting or equivalent required, MBA preferred.
  • 7+ years of experience in Corporate Treasury and at least 3+ years in a similar role.
  • A Certified Treasury Professional (CTP) or an Accounting Qualification.
  • Experience of using a Treasury Management System (TMS) and implementing Digital Treasury solutions in a diversified environment.

SKILLS, KNOWLEDGE & ABILITIES

  • Excellent communication and presentation skills.
  • Strong understanding of financial markets, banking operations, risk management, and cash management practices.
  • Ability to work under pressure.
  • Strong analytical and problem-solving skills to identify issues, evaluate alternatives, and make sound decisions in complex financial situations.
  • Ability to analyze data, perform financial modeling, and generate meaningful insights to support strategic Treasury decisions.
  • Excellent interpersonal and communication skills to build and maintain relationships with banks, financial institutions, and internal stakeholders. Ability to negotiate banking services, manage bank accounts, and monitor banking relationships effectively.
  • Strong knowledge of Treasury operations procedures, policies, and best practices. Ability to develop and implement effective treasury controls, processes, and workflows to ensure accuracy, compliance, and efficiency.
  • Ability to work in a fast-paced environment, handle multiple priorities, and meet deadlines. Flexibility to adapt to changing market conditions, regulatory requirements, and organizational needs.

WORK ENVIRONMENT: AKI Office, DIP

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