الوصف الوظيفي
Company DescriptionEmirates Electrical & Instrumentation Company LLC is a proud member of the Ghobash Group. For almost 20 years, we have made vital contributions to the Oil & Gas sector of the UAE, executing both onshore and offshore projects. Abu Dhabi National Oil Company (ADNOC) is one of our main clients along with Tier 1 and Tier 2 EPC contractors in this sector. We have the expertise to carry out full EPC&M services for electrical and instrumentation works and bring our intrinsic knowledge to measure and automate exploration, production, separation, refining processes, and distribution through our localized services.Job DescriptionJob Purpose:To assist the finance department in managing the company’s financial resources including cash management, liquidity management, foreign exchange, risk management and regulatory compliance.To handle the trade finance transactions (mainly letters of credit and bank guarantees).To reconcile bank statements and maintain banking relationships.Treasury ManagementMonitor and analyse the company’s daily cash position to cover cash commitments and coordinate/optimize the short-term and long-term borrowingManage cash flow, income, liability obligations and assetsPool cash from all secondary bank accounts when necessaryAdhere to month-end cut-off schedules for reconciliations of all cash-related accounts, all month-end processes, and all related journal entriesPrepare daily, weekly and monthly reports on the cash positionAssist with the company’s hedging programAssist with risk management by identifying/recommending strategies to minimize foreign currency, interest rateAssist with short- and long-term intercompany settlements and transactionsMonitor and analyse bank fees and interest chargesMaintain positive relationships with the banksAssist other departments (e.g., audit, accounting) with month-end and ad-hoc information requests as neededWork with company’s business units to prepare weekly/monthly/annual cash forecasts and other cash and borrowing projection models and establish metrics/key performance indicatorsRecommend and implement solutions to strengthen operational controls and incorporate best practices.Trade Finance Preparation of banking documentation for letter of credit (LC) and collection bills, Amendments, TRsChecking of documents negotiated under LC.Process documentation required to be presented to banks for negotiationFollow up on all discrepancies, acceptance payment and any disputesEnsuring Bills under Usance LC paid on due date by applying TR or requesting the same to be included in daily cash planning.Checking of Bank Charges pertaining to LCs / TR Interest Rates.Vetting texts for bank guarantees (both internally and with the relevant banks) and concluding on the acceptable text with the suppliers/customers.Processing the bank guarantee requests, collection of guarantees from the banks and delivery of guarantees to the beneficiariesMaintaining a track record of all open trade finance itemsEnsuring the collection and cancellation of all bank guarantees after expiry (whenever the guarantees cease to be required)Annual BudgetAssist Senior FM in Preparation of Cash Budget.Banking FacilitiesReview banking facilities documentation (renewals) for the Company and ensure in line with the Company’s requirements.Manages the requirements of the banks for compliance with financial conditions / covenants.QualificationsBachelor’s degree in Finance, Banking, or any relevant field from a recognised University or InstitutionAdditional InformationSkills & Professional Requirements:Good MS Office skills particularly strong capabilities in MS Excel.Working experience Knowledge on Oracle ERPAble to work independently and highly meticulous.Experience Requirements:Minimum 3 years’ similar experience in a financial institution or a private entityAttributes and Behaviours:Excellent strategic planning skills and able to interact with all levelsAccuracy and attention to detailAptitude for numbers and quantitative skills
