Treasury Manager
TAQA Arabia
Total years of experience :16 years, 9 Months
• Assess, monitor, plan and manage the efficient utilization of cash and financial services in a manner consistent with the objectives of the Company;
• Understand, manage, and supervise all aspects of cash flow;
• Forecast daily cash requirements and execute daily financing decisions;
• Manage all aspects of In-house investment portfolios;
• Direct, monitor and trade investment portfolios including Working capital, High-Yield, Escrow, and other portfolios;
• Manage long-term and short-term investment strategies;
• Determine the Company’s goals and risk tolerance;
• Determine the Company’s tax position and the applicability of taxable/non-taxable instruments;
• Assess risk/return tradeoffs in guidelines;
• Assess performance benchmarks and recommend changes when warranted;
• Review and recommend changes to the investment policies based on the market conditions;
• Prepare and monitor company’s various cash flow forecasts and perform financial modeling;
• Evaluate, develop and implement cash management systems to optimize efficiencies;
• Understand and manage appropriate accounting procedures and processes;
• Manage relationships with financial service providers;
• Monitor bank service fees and address quality issues;
• Conduct benchmark studies of banks and their services to evaluate whether it fits TAQA requirements;
• Meet with cash management banks to plan cash management vs. TAQA’s needs;
• Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines;
• Manage, direct, and develop Treasury Management staff;
• Recommend, implement and maintain process improvements;
• Support and participate in TAQA’s Strategic Plan activities.
• Maximize Gas Group profitability through the various investment instruments (TB’s, Funds & TD’s);
• Monitoring Money Market Funds rates on daily basis;
• Obtaining most effective packages in market for Gas Group in (Financing, collections, Interest rates, Deposits, Bank Expenses/Charges & Payroll/Personal Benefits) with best competitive pricing rates;
• Preparing Monthly Information Report 'MIR' includes all Treasury activities and results on monthly basis;
• Monitoring LG’s & L/C’s process for Gas Group;
• Applying & Administering Internet Banking for all Gas Group companies in addition to apply any enhancements on recent systems to develop and enhance the accessibility and get benefits of internet banking for Gas group;
• Preparing, Monitoring, and updating Monthly Cash planning for Group;
• Monitoring the exchange rates of foreign currencies on daily basis and related fluctuation analysis;
• Improving and strengthen the relationship with operative banks to facilitate all operations and get a satisfactory service for the group;
• Dealing with the banks to get credit facilities to cover group needs according to the budget and actual needs;
• Communicate with all banks to solve and Handle any Treasury and banking issues;
• Negotiating and Managing the terms and method of payments with the procurement department to get optimum terms for the benefit of the whole group;
• Prepare daily bank position including historical balances and positions all over the year for Gas group;
• Monitoring cash surplus/deficit for Gas Group on daily basis;
• Monitoring Treasury Bills Auctions and analyze the results rates on weekly basis;
• Monitoring Treasury Bills/Time Deposits Maturity and get the tax certificates of matured T.Bills (Primary/Secondary Markets) for audit purposes;
• Make sure of applying the Treasury Policy and procedures of Group;
• Comparing Actual Interest vs. Budget for all companies on monthly basis.
• Ensure the company’s ability to meet current and future financial obligations in a timely and cost-effective manner;
• Preparing Monthly Treasury Report including monthly cash and facilities position;
• Preparing daily cash position report for all company’s banks including recent cheques disbursed and collected and executed transfers;
• Ensure the company’s ability to meet current and future financial obligations in a timely and cost-effective manner;
• Optimize Cash Resources to generate interest income, or pay down debt to reduce interest expenses;
• Maintain Access to Short-Term, Long-Term Financing
• Invest excess funds in a prudent manner for both short- and long-term needs.
• Prepare monthly cash flow forecasts;
• Identify, measure, analyze, and mitigate or remediate a company’s exposure to many types of financial risk;
• Collaborate with other internal divisions and departments to coordinate financial functions
• Manage relationships with external vendors, banks and other financial institutions, to make the most effective use of financial assets;
• Analyzing actual vs. monthly forecasts and identifying improvements to the forecasting.
• Performing negotiations with several banks to maintain and obtain the most effective packages in the market for cash collections, interest rates, bank charges, commissions, hedging, deposits and payroll benefits;
• Preparing Monthly Treasury Report including monthly cash and facilities position;
• Preparing daily cash position report for all company’s banks including recent cheques disbursed and collected and executed transfers;
• Preparing all bank wire transfers to local and foreign suppliers;
• Reviewing all deducted commissions and charges for LGs, LCs, cheques, and transfers;
• Verifying the validity of interest expense calculation debited to the company’s bank accounts as per the monthly bank statement;
• Monitoring the effective strategies to reduce the risk of Interest rates and FX exposure;
• Monitoring the trend of CBE & LIBOR interest rates;
• Following up on daily collection and remittance of cheques;
• Following up on credit facilities renewal;
• Preparing L\G’s and L\C’s monthly aging report;
• Monitoring the daily foreign exchange rates to avoid any losses on the monthly evaluation for our bank facilities and deposits;
• Analyzing actual vs. monthly forecasts and identifying improvements to the forecasting;
• Management of the company's different bank accounts;
• Issuing and following up for Letters of Credit and Letters of Guarantee (with effective conditions) for both local and foreign suppliers;
