A multinational Jebel Ali free zone company is recruiting an Assistant Treasurer. Job Summary Summary
Handling day-to-day trade finance activities (such as Letters of credit review, and monitoring) of the company.
Assisting Senior treasurer in monthly and Quarterly Reporting.
Handling the day-to-day cash management activities of the company.
Ensuring Treasury KPI are met
Reconciliation with Group Treasury.
Role & Responsibilities Trade Finance
Supporting the senior treasurer in the review of the LCs, bank guarantees or SBLCs.
Supporting senior treasurer in the collection of data such as open LCs, and SBLCs for preparation of trade finance report.
Daily monitoring of SBLC and credit limits consumption.
Act as a back for the senior treasurer in case of his absence.
Supporting the other departments in any trade finance-related query, following up with banks
Support senior treasurer in coordinating with banks for the review of LCs terms and conditions, finding relevant banking schemes for confirmation, and advising of LCs/SBLCs.
Follow up on bank fees related to LCs and SBLCs and ensure the charges are as per the agreement with the banks.
Daily Cash Management
Responsible for repatriation of funds promptly to group treasury.
Ensuring minimum cash balance locally and at every month's end with explanations of any cash balance in the accounts.
Petty cash / corporate cards/E-dirhams cars handling and reconciliation.
Ensuring Global netting system uploads every month promptly.
Daily integration of bank statements in Kyriba, correction of codification, and resolving any issues identified daily.
Reconciliation of treasury forecast with actual in kyriba.
Saving and circulation of daily bank statements with the accounting team and communication of receipts to the teams required internally.
Preparation of payments to suppliers/ sending CFEs and payments in sign now.
Reporting and Followup
Assisting senior treasurer with the preparation of quarterly HFM reports required by consolidation.
Updating interest rates such as Bank SOFR, JIBAR, etc for reporting and interest calculation purposes.
Reconciliation of treasury current account balances and the relevant interest thereon with group treasury.
