Senior Vice President Treasury Cash Management

JOB PURPOSE
Responsible for overseeing Aldar's cash management operations, intercompany funding including cash pooling and netting. This role requires a deep understanding of banking products for collections and payments, and treasury management systems. Lead optimization of cash flows, improving operational efficiency, and managing cash trap risk within a complex real estate regulatory and joint venture environment.

ROLES AND RESPONSIBILITIES

1. Cash Pooling and Netting & In-house Bank: Implement and manage efficient cash pooling and netting strategies to optimize cash utilization and reduce transaction costs across multiple group entities.
2. Payments and Collections: Advise and bring onboard improved collections and payments processes, minimizing costs and risks in O2C and P2P processes. Develop and implement solutions for internal customers for collections and payments.
3. Cash Forecasting Advisory: Consult, guide and support various group entities in improving quality of short-term cash flow forecasting and optimize cash management.
4. Risk Management: Identify, assess, and mitigate cash management risks, including liquidity risk, and operational risk. Implement and influence, as need be, appropriate controls and safeguards to protect the company's cash assets.
5. Bank Relationship Management: Build and maintain strong relationships with banks and other financial institutions to negotiate favorable terms and conditions for cash management services and products.
6. Treasury Management Systems: Select, implement, and manage treasury management systems to support efficient cash management operations and provide timely and accurate reporting.
7. Regulatory Compliance: Ensure compliance with all relevant escrow regulations pertaining to treasury activities, including anti-money laundering (AML) and know-your-customer (KYC) requirements.
8. Team Management: Lead and develop a team of cash management professionals, providing guidance, training, and support to ensure optimal performance.
9. Intercompany Funding Management: Design and implement efficient I/C funding management while being compliant with applicable laws and regulations, and ensuring balanced outcome for Aldar and minority investors.
10. Bank Account Management: Manage bank accounts (including escrow) to ensure optimal operational and counterparty risk management.
11. Lead RFPs/RFQs: Drive best pricing and quality for Aldar Group for various cash management and operational treasury products.

QUALIFICATION AND EXPERIENCE
Bachelor's degree/certificate in accounting, finance or economics from a reputable university; CFA is a plus.

RELATED YEAR OF EXPERIENCE:
Min of 10+ years of experience in a corporate treasury environment. Multinational corporate treasury experience is a plus.

YOE IN MANAGERIAL POSITION:
Min of 2+ years in a managerial position.

TECHNICAL AND INTERPERSONAL SKILLS:
Strong cash and short-term debt analysis and management skills. Proficiency in MS Office and treasury software applications (Reval, other TMSs, SWIFT, Bloomberg, others). Ability to negotiate with banks and design RFPs/RFQs. Operational risk management expertise. Experience with I/C loan documentation. Proven track record in implementing cash management solutions and treasury management systems. Team player with the ability to work under pressure and independently, strong attention to detail, and problem-solving abilities. Experience in setting up supplier/contractor financing.