Group Director - Treasury Freight Forwarding

Job Description

We’re recruiting ‘Group Director - Treasury’ for one of our clients based in Dubai, UAE.

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:

1. To lead the designing, implementation and management of the cash management structures for the global freight forwarding business.
2. 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.
3. Set up a cash management structure for the freight forwarding business which manages liquidity across the global branch network.
4. Implement, maintain or improve the day to day treasury requirements for the freight forwarding business.
5. Manage the cash position to optimize return on capital employed.
6. Provide leadership / guidance / policies / 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.
7. Oversee inter group funding structures and cash settlement.
8. Working 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 branch network operates.
9. Manage bank guarantees where required.
10. Oversee and negotiate ABL structures (Factoring), where applicable.
11. Perform foreign currency and interest rate hedging in close collaboration with Head Office Treasury.
12. Support group treasury on funding processes within the region.
13. Reporting on cash positions, cash forecasts and seeking funding for shortfalls.
14. Working with statutory auditors and internal auditors.

Requirements:

• Master's degree in finance.
• 7 to 10 years' experience in the management of a treasury function in logistics / freight forwarding business.
• Solid experience in Implementation of cash pool structure.

Benefits:

Competitive salary package with other employee benefits as per UAE labour law.