Senior Manager - Cash Management & Trade Finance

Overview of the role

Identifying Egypt cash levels based on the daily cash position, facilities utilization to ensure efficient cash management activities.

Handling trade finance transactions on behalf of the Al-Futtaim Egypt entities in compliance with treasury policies and procedures.

What you will do

• Determining country cash levels through cash flows and positions.
• Managing country liquidity efficiently through maximize applied credit interest and minimize any costs.
• Managing cash investment opportunities i.e. T-Bills
• Ensure that accounts are funded in right currency and on-time
• Reviewing the pricing of cash management products
• Ensure proper records are maintained in Treasury Management Systems (TMS) for all transaction, as well as support treasury transformation projects, including further roll-out of TMS workstreams.
• Managing bank accounts rationalization to reduce number of bank accounts across Egypt.
• Analyse direct cash flow forecast on a bi-weekly basis in conjunction with divisions and business units (FP&A) teams
• Ensure compliance with group treasury policies
• Provide inputs to Governance, Risk Control & Transformation (GTC/GRCT) team on all reporting aspects.
• Coordinate with TBOT to run daily cash position reports & the execution of trade operations.
• Oversee all aspects of trade finance transactions (Letter of Guarantees, Letter of Credits, Documents for Collection, Working Capital Short Term Loans, etc.) on behalf of Egypt businesses.
• Select the most competitive quotes from the banks for trade finance transactions.
• Handling intercompany loans covering trade finance transaction with local banks in terms of documentation and settlement of drawdowns against the shipments.
• Liaison with business, principles, and banks to structure trade finance instrument terms.