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Assistant Manager – Accounts & Treasury

Confidential Company

Posted on July 28, 2020

7 - 10 years AED 11,500 - 13,000 ($3,105 - $3,511) United Arab Emirates - United Arab Emirates

Bachelor of Commerce(Commerce). Any Arabic National, Any European National, Indian, Filipino

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Job Description

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Reporting to Finance Manager

Managing and overseeing the day to day accounting along with intercompany transactions and accounting. Monitoring and analyzing accounting data and produce financial reports or statements. This position will have complete control on the accounting and entries. To process the documents for bank loans, OD, LC, BG & other negotiable instruments as required and operate the company’s bank accounts for depositing and withdrawing the funds and foreign exchange as per authorization & other related treasury functions of the group.

Key Responsibility Areas
• Responsible for managing and overseeing the day to day accounting along with intercompany transactions and reconciliations.
• Responsible for preparing and analyzing the accounting data and produce the financial report or statements.
• To ensure compliance with accounting methods, policies and principles.
• Responsible for monthly closing of books of accounts of all the companies of the group.
• To prepare for the monthly review meetings on accounts review with Group Finance Manager.
• Responsible for supervising all cheques and incoming payments including bank transfers.
• Open and renew bank guarantees, tender and performance bond and other sureties including negotiating bank charges and surrender promptly after the due date to release the funds blocked
• Responsible and accountable for arranging for transfer of funds from different accounts to match the requirements of each account and organize overdraft wherever required.
• Responsible for recording all the cheques issued by the company, decide the schedule of encashment under each account and determine the quantum of cash required in each account to meet all the commitments and submit this information to superiors and verify adequate cash
• Use short term and long-term loans, overdraft facility as negotiated by the superiors and repay in instalments as agreed by the superiors
• Operate all fixed deposits and other financial investments as assigned by superiors.
• Review the various bank charges & optimize them, negotiate with banks for increased facilities as and when required
• Prepare all the necessary documents required for invoice factoring, discounting or other facilities enjoyed by the group.
• Prepare daily & weekly reports as requested by the Management.
• Completely responsible for the timely completion of all the Bank reconciliations, cash reconciliations & other treasury related reconciliations.
• Responsible for the daily/weekly/monthly & yearly cash count & cash reconciliation.
• Support with all the banking requirements as and when required.
• Maintain strong professional relationship with banks & other financial institutions.
• Actively support the internal & external audits.

Accounts / Taxation / Audit / Company Secretary

Desired Candidate Profile

Key Performance Indicators
• Keeping the issues open for long time without closing them.
• Delay in monthly closing the books of accounts.
• Keeping the accounts upto date along with intercompany reconciliation.
• Delay in surrendering the expired bank guarantees, performance and tender bonds and letters of credit to release the blocked funds
• Internal customer satisfaction survey
• Promptness in opening L/C’s, bank guarantees, performance and tender bonds vs benchmark
• Adequate knowledge of the accounting along with relevant methods, policies and principles.
• Ability to maintain the accounts of 2 or more companies and manage the intercompany transactions.
• Adequate knowledge of INCO terms, LC, BG, bank charges for various services
• Ability to compile data needed to prepare the project feasibility reports for bank financing
• Basic knowledge of foreign exchange including forecasting, fluctuations and forward booking
• ERP knowledge in banking area (Preferably Oracle)

Education Professional Accounting qualification
Experience 7-10 years of relevant experience


Assistant Manager Accounts & Treasury Assistant Manager Accounts Treasury Management Day to day accounting transactions accounting Monitoring analyzing accounting data

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