Treasury Manager
Job Description
On behalf of a leading retailer with showrooms across the GCC markets, we are seeking a Treasury Manager for their Kuwait operations.
- Cash Budgeting – Preparing Quarterly Cash Budgets (In coordination with Supply Chain, HR, IT & After Sales), Comparing the Budget with Actuals & Analysing the Variances
- Annual Finance Cost Forecasting
- Monthly Interest Cost Calculation
- Preparing Daily/ Monthly Cash Flow
- Updating Daily Cash Position Report
- Optimization & Reduction of Finance Costs
- The Candidate should have knowledge of Working Capital Cycle
- The Candidate should have experience in Islamic & Conventional Financing
- Keeping Track of Foreign Exchange Fluctuations & booking Forward Contracts, if necessary
- Keep Track of Dues of Financial Institutions & ensure availability of cash at all times to honor our commitments
- Suggesting & Arranging Loan Facilities from Banks, in consultation with CFO & CEO, whenever necessary.
- Should have knowledge about the prevailing market charges of various banking services.
- Planning Daily, Weekly & Monthly Payments
- Monitoring all payments processed.
- Monitoring letters of Credits & letters of Guarantees
- Solving the Queries / Doubts of the GL & Payable Team
- Handling all bank dealings and maintaining cordial relationships with Bank officials
Skills
- Bachelor in Banking / Finance
- Professional Certificate in treasury/cash management (preferred)
- Proven work experience in cash management
- 10+ years of overall combined experience
- 7+ years of relevant experience
- Strong knowledge of bank products
- Strong tactical skills
- Good accounting knowledge
- Excellent knowledge of MS Office – especially Excel
- Fluent in English (Bilingual preferred)
