We’re recruiting ‘Group Director - Treasury’ for one of our client based in Dubai, UAE.
About Our Client:
Our client is a leading multinational logistics company based in Dubai, UAE. With a strong global presence, the company excels in providing comprehensive logistics solutions, including cargo handling, port terminal operations, maritime services, and the management of free trade zones worldwide.
Key Responsibilities:
To lead the designing, implementation and management of the cash management structures for the global freight forwarding business
To develop and implement a treasury strategy with the aim to efficiently fund the working capital requirements of the freight forwarding business and manage cross border funds flow
Set up a cash management structure for the freight forwarding business which manages liquidity across the global branch network
Implement, maintain or improve the day to day treasury requirements for the freight forwarding business
Manage the cash position to optimize return on capital employed
Provide leadership / guidance / policies / training, to regional finance managers responsible for freight forwarding branches on how to effectively manage liquidity and currency finance that is based on thresholds in a delegated authority matrix agreed with Group Treasury
Oversee inter group funding structures and cash settlement
Working closely with Group Tax and Group Legal to ensure that funding structures are tax efficient and compliant with local laws and regulations in the geographies where branch network operates
Manage bank guarantees where required
Oversee and negotiate ABL structures (Factoring), where applicable
Perform foreign currency and interest rate hedging in close collaboration with Head Office Treasury
Support group treasury on funding processes within the region
Reporting on cash positions, cash forecasts and seeking funding for shortfalls
Working with statutory auditors and internal auditors
Requirements
Master's degree in finance
7 to 10 years' experience in the management of a treasury function in logistics /freight forwarding business
Solid experience in Implementation of cash pool structure
