Treasury Manager
Afwaf Investment Holding Limited - DIFC
Total years of experience :19 years, 0 Months
Manage and supervise all aspects of cash flow and short term investments, Managing Assets and Liabilities to ensure adequate liquidity at all time, Developing key relationships with external parties including banks, clients, financing companies, government institutions and legal counsel.
• Manage and supervise credit facilities and Murabaha’s.
• Maintain a log for all the periodic payments for financing facilities.
• Making reports on bank positioning to control the borrowing costs.
• Prepare comprehensive reports for the Group Facilities and related assets.
• Prepare a mark to market valuation report on a daily basis for each holding.
• Review all agreements and transactions between the Company and external financial institutions.
• Adhere to Company policies and make timely suggestions to improve those policies.
- Supervising corporate treasury operations related to cash management, loan administration, letters of credit/guarantee, analysis, reporting and special projects. • Supervise all transactions and ensure necessary procedures to minimize operational risks. • Coordinate Group Treasury (GT)'s future cash movement plans and ensure availability of necessary liquidity required across different funds. • Verifying banking transactions (loans, letters of credit/guarantee, commission, bank transfer applications, etc.) • Supervising Loan administration, issuance of letters of credit/guarantee and subsequent administration. • Preparing the Group monthly cash forecast. • Review all bank documentation related to Facility Agreements, Bank Accounts and FATCA forms. • Preparing monthly reports (loans, letters of credits/guarantee, funds approval, receipts and payments). • Supervising issuance of letters of credit/guarantee with banks, beneficiaries and/or suppliers. • Supervising preparation of Journal vouchers and supporting documentation. • Processing and reviewing daily treasury reports. • Verify and approve daily data input reports related to disbursements, receipts, bank payments, loan transactions, LCs, LGs and reimbursements. • Liaising with banks and group companies. • Supervising staff of Cash Management & Loans officers, LGs, LCs and treasury accountants. • Performing analysis, supervising staff and other responsibilities assigned by the management.
- Manage relationships with financial service providers.
- Meet with cash management banks to plan cash management vs. All Group Activities needs.
- Prepare and monitor company’s various cash flow forecasts with received future needs and budgets from all group sectors.
- Prepare daily Actual Cash Position, expected weekly and monthly Cash Flow
- Meet with cash management banks to plan cash management vs. All Group sectors needs
- Manage banking relationships and other key service providers.
- contact with bankers and investors and maintaining positive working relationships & Manage relationships with financial service providers
- Facilitating the Company’s relationships with commercial banks
- Negotiate banking fees & expenses from time to time.
- Depend on Miscellaneous ways for cash inflows (borrowing & collecting)
- Evaluate alternative long-term borrowing strategies (Facilities) and make recommendations in accordance with the top management guidelines.
- Work as Credit Controller by monitor new (project progress payment, Short term and mobilization) loans and maturities of all group loans to can process the settlement of it.
- ensure all Group contractual requirements of loan agreements, including repayment, interest payments and maturities of loans.
- Implement new banking technologies, products and services to improve and expedite cash cycle and simplify company operations.
- Prepare all Letters of Credit and bank guarantees requirements.
- Manage and follow issuance, amendment or cancellation of Bid Bonds, performance guarantee and advance payment guarantee.
- Manage and follow issuance or amendment of Local and International letters of credit and follow up bank procedures.
- Have good experience of INCOterms.
- Reviewing and preparing all necessary schedules for the year-end external audit and quarterly reviews
- Support CFO as required on ad hoc treasury/financial and associated matters
- Prepare Financial statements and the net capital monthly to present it to CMA (Saudi capital Market Authority)
- Supervise Accounting Managers of all Co. Activities (Brokerage, Asset, Management).
- Establish procedures for custody and control of assets, records, loan, collateral, and securities, in order to ensure safekeeping.
- Develop and analyze information to assess the current and future financial status of The Co.
- Review reports of securities transactions and price lists in order to analyze market conditions.
- Evaluate financial reporting systems, accounting and collection procedures and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
-Review data about assets, net worth, liabilities, capital stock, surplus, income, and expenditures. -Report to management about asset utilization and audit results, and recommend changes in operations and financial activities. -Supervise auditing of establishments, and determine scope of investigation
- Passed the Saudi Capital Market Authority Exam (CME-1) - Authorized at Saudi CMA (Capital Market Authority) as a financial Manager - Have a good knowledge of Saudi Capital Market regulations and procedures.
