Position: Treasury Officer
Job Location: Dubai
Candidate location: UAE
Nationality: UAE national prefer
Job Responsibilities: • Assess the adequacy and availability of funds at minimum financing costs and risks to meet company’s short- and long-term cash requirements.
• Plan cash flow requirements for senior management approval.
• Maximize the returns on income from surplus funds through investments in fixed deposits.
• Prepare Foreign Exchange instruction letters to ensure appropriate foreign currency payments are made.
• Prepare monthly bank reconciliations for all bank accounts to identify any errors or omissions requiring adjustments for monthly closing purposes
• Independently handle all insurance matters including reporting outstanding bills payable, invoice payments, travel insurance and follow up claims with the insurers and declarations to analyze base information for annual renewals of insurance
• Maintain an updated position of the Foreign Exchange deals with the banks and brokers to calculate the effective Foreign Exchange rate for relevant projects
• Check confirmation from banks and brokers for all Foreign Exchange deals to highlight any errors, obtain approvals and effect settlement for all the deals based on the maturity dates
• Track and provide an update to the status analysis report for short- and medium-term loans and valuation repayment dates to ensure timely availability of funds
Job Requirement:
- Degree in Accounting or equivalent.
- Good knowledge of Treasury function with some training in financial analysis
- Good knowledge of computerized accounting packages.
- Ability to work independently in an ERP environment e.g., SAP
- Specialized training in Treasury Management Job Skills: Accounting skills, good communication, proficiency in spreadsheet analysis and interpretation Transparency, integrity, professionalism, passion for excellence, change management orientation
- Experience: 2 years of relevant accounting or financial management experience in the manufacturing industry (dealing with banks and insurers).
