Treasury Manager

We are looking for a Treasury Manager for one of our FMCG clients based in Dubai.

Experience : 11-13 Years of Industry Experience, out of which 6-7 years should be in corporate Treasury in UAE.

Education : CA, Chartered Accountant

Responsibilities :

1. General Responsibilities:
   • Responsible for investments on short & long term products.
   • Monitoring borrowing movements.
   • Establishing & maintaining relationships with banks.
   • Looking for opportunities for short term & long term investments.
   • Ensuring efficient utilization of funds at all IBD subsidiaries.
2. Forex Management:
   • Reviewing and reconciling all foreign exchange contracts, positions - including settlement instructions to the banks and internal teams.
   • Reviewing the status of transactions, accounting and reconciliations for all forex exposure at a group level.
3. Review:
   • Monitoring bank accounts and credit facilities (including pricing and other terms) with multiple banks, reviewing all new facilities across all locations, executing direct action on unresolved and un-accounted items and reconciliations - with a view to streamline the process and resolve items in an orderly and process-bound manner.
4. Hedging:
   • Working out alternate ways of hedging FX exposure for countries where forwards & futures are not available.
   • Tracking currencies and taking preventive steps for any expected currency depreciation.
   • Ensuring the FX hedging is done as per FOREX policy and evaluating hedge effectiveness.
   • Arranging banking relationships for all subsidiaries.
   • Negotiating bank charges and the opening of new bank accounts to fulfill banking needs.
   • Obtaining bank working capital limits and capex loans.
   • Analyzing investments in line with FX instruments to tap any forex arbitrage opportunities.
   • Exploring Letter of Credit discounting opportunities which provide the benefit of interest arbitrage.
5. Others:
   • Reviewing MIS and reports prepared by Finance Managers across subsidiaries and redesigning those MIS to address additional future requirements if any.
   • Managing related party receivables and exposure across all group entities.

Treasury Manager • Dubai, DU, United Arab Emirates