Treasury Manager

ALDAR
Abu Dhabi
AED 200,000 - 400,000
Job description

Roles and Responsibilities

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.

  • 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.
  • 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.
  • Cash Forecasting Advisory: Consult, guide and support various group entities in improving quality of short-term cash flow forecasting and optimize cash management.
  • 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.
  • 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.
  • Treasury Management Systems: Select, implement, and manage treasury management systems to support efficient cash management operations and provide timely and accurate reporting.
  • Regulatory Compliance: Ensure compliance with all relevant escrow regulations pertaining to treasury activities, including anti-money laundering (AML) and know-your-customer (KYC) requirements.
  • Team Management: Lead and develop a team of cash management professionals, providing guidance, training, and support to ensure optimal performance.
  • 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.
  • Bank account management (incl. escrow) to ensure optimal operational and counterparty risk management.
  • Lead RFPs/RFQs for various cash management and operational treasury products to drive best pricing and quality for Aldar Group.

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 a plus.

Desired Candidate Profile

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).
  • Negotiate with banks. Design RFPs/RFQs.
  • Operational risk management.
  • I/C loan documentation.
  • Proven track record in implementing cash management solution and treasury management system.
  • Team player, ability to work under pressure and independently, strong attention to details and problem-solving abilities.
  • Setting up supplier/contractor financing.
  • Cash Management: Overseeing daily cash management operations to ensure optimal liquidity and effective cash flow forecasting.
  • Investment Strategy: Developing and implementing investment strategies for the organization’s excess cash, ensuring alignment with risk tolerance and financial goals.
  • Debt Management: Managing the organization’s debt portfolio, including financing strategies, compliance with covenants, and refinancing initiatives.
  • Risk Management: Identifying and mitigating financial risks, including interest rate, currency, and credit risks, through appropriate hedging strategies.
  • Financial Planning: Collaborating with finance and accounting teams to develop long-term financial plans and budgets.
  • Banking Relationships: Managing relationships with banks and financial institutions, negotiating terms, and overseeing bank services.
  • Treasury Policies: Developing and enforcing treasury policies and procedures to ensure compliance and best practices.
  • Reporting: Providing regular reports to executive leadership and the board on treasury activities, cash position, and financial performance.
  • Team Leadership: Leading and mentoring the treasury team, fostering a culture of collaboration and professional development.
  • Regulatory Compliance: Ensuring compliance with financial regulations and standards relevant to treasury operations.
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