Manager – Treasury

Job Description

<strong>Designation <br><br></strong>Manager Treasury ( 6A/6B)<br><br><strong>Department<br><br></strong>Treasury – Finance<br><br><strong>Location<br><br></strong>Dubai, UAE<br><br><strong>Reports to<br><br></strong>DGM Finance<br><br><strong>Supervising<br><br></strong>NA<br><br><strong>Education<br><br></strong>CA Batch of (2010 -2011)<br><br><strong><u>Experience<br><br></u></strong>11 13 Years of Industry Experience out of which 6-7 years should be in corporate Treasury in UAE.<br><br><strong><u>Primary Interactions<br><br></u></strong>Internal<br><br>External<br><br>Corporate Treasury Team, Finance team of SBU Units, Sales Team, Distributors.<br><br>Vendor, Banks, Financial Institution.<br><br><strong>Responsibility Area<br><br></strong><strong><u>Functions<br><br></u></strong>Primary Responsibilities<br><ul><li>Responsible for Investments On short &amp; long term products</li><li>Foreign Exchange To work on forward deal / Spot deal.</li><li>Borrowing Monitoring borrowing Movement.</li><li>To establish &amp; maintain relationship with banks. </li><li>To look for opportunities for short term &amp; long term investments.</li><li>To ensure efficient utilisation of funds at all IBD subsidiaries.<br></li></ul>Forex management<br><ul><li>To review and reconcile all foreign exchange contracts, positions- including settlement instructions to the banks and internal teams.</li><li>To review the status of transactions, accounting and reconciliations for all forex exposure at a group level.<br></li></ul>Review of Treasury<br><ul><li>To monitor bank accounts and credit facilities (including pricing and other terms) with multiple banks, review all new facilities across all locations, execute direct action on unresolved and un-accounted items and reconciliations – with a view to streamline the process and resolve items in an orderly and process bound manner.<br></li></ul>FX Hedging<br><ul><li>To work out alternate ways of hedging FX exposure for countries where forwards &amp; Futures are not available. </li><li>To track currencies and taking preventive steps for any expected currency depreciation.</li><li>To ensure the FX hedging is done as per FOREX policy and to evaluate hedge effectiveness.<br></li></ul>Bank Limits<br><ul><li>To arrange banking relationship for all subsidiaries. </li><li>To negotiate bank charges and the opening of new bank accounts to fulfil banking needs.</li><li>To get bank working capital limits and capex loans.<br></li></ul>Arbitrage Opportunities<br><ul><li>To analyse the Investments in lines with FX instruments to tap any forex arbitrage opportunities.</li><li>To explore Letter of Credit discounting opportunities which provide benefit of interest arbitrage.<br></li></ul>Others<br><ul><li>To review MIS and reports prepared by Finance managers across subsidiaries and redesigning those MIS to address additional future requirement if any.</li><li>To manage related party receivables and exposure across all group entities</li></ul>