Assistant Manager - Treasury

Who we are:

GMG is a global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, everyday goods, health and beauty, properties and logistics sectors. Under the ownership and management of the Baker family for over 45 years, GMG is a valued partner of choice for the world's most successful and respected brands in the well-being sector. Working across the Middle East, North Africa, and Asia, GMG has introduced more than 120 brands across 12 countries. These include notable home-grown brands such as Sun & Sand Sports, Dropkick, Supercare Pharmacy, Farm Fresh, Klassic, and international brands like Nike, Columbia, Converse, Timberland, Vans, Mama Sita's, and McCain.

Reporting to the Manager - Treasury, you will be responsible for:

Key Responsibilities:

● Detailed Cashflow Forecasting for the Sports Division to ensure positive working capital – and plan the gaps, if any.
● Understanding of Banking facilities and liaise with banks for account opening as required
● Well versed with LC’s & Guarantees (APG, Performance Bonds, etc.) and vetting standard terms.
● Analyze Group Banking Facilities; visit Financial Covenants periodically to support Manager and collate information for Annual Renewals after comparison with prior years and best practices
● Evaluate the Existing Treasury Processes across all BU’s and drive Evolution of outdated processes
● Maintaining banking relationships representing the Group Level Treasury Function
● Provide support on implementation of Automation of processes and use of BI Tool for creating Dashboards; Implementation of Host to Host Across all Group entities.
● Supporting TM in negotiations of Commercials for Banking/ Cash Management providers/ Exchanges – Maintaining Relations with these parties.
● Manage and drive Daily /Weekly/ Monthly End Reports for the Group as per agreed timelines
● Oversee bank reconciliations and daily transactions.
● Well versed with Account opening processes and KYC documentation requirements and SAP entries for CC and Cash.
● Verification of Treasury Related Documents from other territories/ Business Units at the Group Level
● Bookkeeping of Banking Charges, Interest Charges, etc on the ERP (SAP experience would be a plus) as per the month-end closing timelines (as required)
● Understand and manage appropriate accounting procedures and processes
● Monitor bank service fees and address quality issues (as required)
● Initiate vendor payments, bill payments, fund transfers, and batch uploads on banking portals (as required)
● Serve as a reliable backup by providing support and assistance whenever necessary, ensuring smooth operations and continuity in the absence or unavailability of the Manager - Treasury.

Basic Qualifications:

● Minimum of 4+ years of Treasury experience
● Bachelors degree in Finance or any related qualification
● Must be a self-starter who is able to work independently and interface with all relevant internal teams (management/ cross functions) and external business partners (Auditors, Banks, Suppliers) as needed
● Analytical skills and the ability to get into the details, while also seeing and understanding the big picture
● Ability to work in a fast-moving industry with many dimensions, stringent timelines
● Ability to successfully manage multiple competing priorities simultaneously
● Excellent interpersonal and communication skills, presentation, and writing required in English
● Comfortable to Interact with stakeholders at all levels in the organization.