Treasury Officer
Dubai, United Arab Emirates
Full timeOn-site
Job description
Key Responsibilities
1. Cash & Liquidity Management
- Daily Cash Positioning: Monitor and report daily cash balances across all group bank accounts.
- Cash Flow Forecasting: Prepare short and medium-term cash flow projections to ensure operational requirements are met without idle cash.
- Cash Pooling: Execute intercompany fund transfers and "pooling" strategies to move liquidity from cash-rich entities to those needing working capital.
2. Banking & Relationship Management
- Bank Liaison: Maintain and strengthen relationships with banking partners in the UAE and internationally.
- Account Governance: Manage the opening/closing of bank accounts and maintain the "Authorized Signatory" list.
- Facility Management: Monitor credit facilities, bank guarantees (LGs), and Letters of Credit (LCs).
3. Financial Risk & Compliance
- FX Management: Manage currency exposure, particularly for foreign operations, and execute hedging strategies if necessary.
- Interest Rate Monitoring: Track interest rates on group debt and optimize the cost of borrowing.
- Regulatory Compliance: Ensure all transfers comply with UAE Central Bank regulations, Anti-Money Laundering (AML) laws, and "Know Your Customer" (KYC) requirements.
4. Intercompany & Reporting
- Loan Administration: Maintain the schedule for intercompany loans, ensuring timely settlements and compliance with transfer pricing documentation.
- Treasury Reporting: Prepare weekly treasury reports for the Finance Manager, highlighting liquidity buffers and any upcoming funding gaps.
Required Skills & Qualifications
- Education: Bachelor’s degree in finance or accounting.
- Experience: 3–5 years in a treasury-focused role in the UAE.
- Technical Skills: * Mastery of Online Banking Platforms (HSBCnet, FAB, ENBD, etc.), strong Excel skills for cash flow modeling.
- Experience with ERP modules.
- Certifications: CFA level 1 is highly desirable.