Treasury Senior Specialist
Egypt Full-Time Finance
Treasury Senior Specialist Founded in 2018, MaxAB is a rapidly growing food and grocery B2B e-commerce and distribution platform that serves a network of traditional retailers (mom-and-pop stores) across the MENA region. Using proprietary technology, MaxAB offers a transformative pull-driven supply chain and a tech-product that empowers both traditional retailers and suppliers. MaxAB offers traditional retailers the simplicity of dealing with one supplier, transparent pricing, on-demand delivery, and a range of value-added and embedded finance solutions. Suppliers benefit from MaxAB’s end-to-end supply chain solutions and business intelligence tools that allow them to accurately predict, monitor, and control the impact of their strategies in real time.
Our MaxAB talent are dedicated to uphold the MaxAB culture and values all while continuing to grow and improve services for our clients. They are innovating new ways to help improve the quality of life of the Egyptian retailer and soon to other retailers globally.
If you are passionate about working hard to make an impact and innovate new solutions, MaxAB is looking for top talent.
Job Summary:
We are looking for a Senior Treasury Specialist who will be responsible for executing the day-to-day treasury activities for all business units in MEA ensuring that Business Units are support for their treasury needs and meet their treasury obligations.
Responsibilities:
Treasury Operations
Initiate bank payments, recording collections and preparing bank reconciliation statements. Manage e-banking administrations, including initiating user set-up and ensuring approvals are obtained in a timely manner.
Manage troubleshooting and resolution with Service teams of Banks.
Liquidity Management
Collate inputs and prepare cash flow forecast from all units within prescribed timelines to support timely internal investment and internal borrowing decisions.
Ensure the cash forecast accuracy improvement of all units in-country. Continuous monitoring of idle cash, especially at each period end and devise actions to minimize idle cash. Lead continuous operational efficiency in liquidity management structure (e.g. enhance investment yield, reduce financing cost). Ensure surplus cash is placed in deposits with banks with acceptable credit rating in line with investment principles of Security, Liquidity and Yield.
Ensure bank deposits are redeemed and re-invested on a timely basis.
Internal Financing
Provide inputs to Treasury Manager for preparing internal financing requests.
Execute drawdown and repayment of facilities in accordance with loan documents. Ensure interest calculations and payments are accurate and these are recorded and paid in a timely manner. Ensure loan balances are reconciled on a periodic basis with the counterparty.
Treasury Reporting
Execute timely and accurate reporting. Drive efficiency improvements for Treasury reporting processes and systems.
Qualifications:
Bachelor’s degree in Finance, Accounting or any equivalent; treasury certification is a plus. Analysis and use of financial statements and business plans for preparing cash flow forecasts. Good knowledge of banking products as applicable to Corporate Treasury. Attentive to details* Possess multi-tasking, proactivity, and analytical skills.
