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Group Treasury Manager

Client of NTS Group

Posted on April 19, 2019

2 - 3 years Dubai - United Arab Emirates

Any Graduation. Any Nationality

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Job Description

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Reporting to the Group Treasurer, this role is responsible for all Treasury operations and liquidity management for Head office and other territories across the region. This will include, but not limited to daily cash positioning, liquidity management including debt repayments, payments and the relevant controls process, cash forecasting (short/long term), covenant management, letters of gaurantee, rreasury reporting, bank mandate management, E-banking administration and static data management. The role will have 1 direct report to support the completion of the above tasks.
Daily cash and liquidity management:
- Gathering closing and current balances from HQ accounts
- Forecasting payments and receipts going through these accounts
- Ensure territories pay in a timely manner
- Update relevant spreadsheets to derive the closing position
- Purchasing FX required to make relevant payments
- Depositing surplus cash or repaying debt to optimise interest income/expense
Payment process:
- For Treasury transactions ensure timely settlement of FX deals, inter-account transfers and deposits
- The weekly 3rd party payment process is to ensure the correct supporting documents have been received before inputting into the e-banking systems
- Verifying and gathering approvals for payment release
- Notifying the businesses once the payment has been made
- Ensuring that correct controls and e-banking security is maintained at all times
Cash forecasting:
- Roll-out of a short term forecast to the territories, to aid forward planning of the centralised cash position and payment runs.
- Collating the territories submissions on a regular basis so debt drawdowns/repayments can be managed
- A longer term forecast is also to be rolled out with territory input for more accurate covenant management and longer debt profiling.
Bank guarantees:
- Timely issuance of bank guarantees to customers and Mantrac territories
- Tracking of the bank guarantee expiries for cancellation or extension
- Strong liaising with the sales teams on the above
Treasury reporting:
- Daily cash positioning report
- Cash forecast reporting
- Wider Mansour Group reporting
- Regular input into the monthly Treasury pack
- Providing input for internal/external presentations
Bank mandates/e-banking:
- Ensuring bank mandates are up to date with new joiners and leavers updated immediately
- Assisting Legal with the drafting of board resolutions associated with the above
- System admin responsibilities in the e-banking systems for e-banking mandate updates, template approval as well as system controls
Static data/Centralised database:
- Maintaining a centralised Group database for the following
- Bank accounts
- Bank mandates
- E-banking mandates
- Bank facilities (FX, LC, LG, OD etc)


Finance / Treasury

Keywords

Group Treasury Manager

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Client of NTS Group

Headquartered in Dubai, UAE, NTS Group is one of the leading specialist Executive Search and HR Consultancy firms in the Middle East. The company also has its operations in Europe and caters to a wide variety of clients across industries, including Finance & Accountancy, HR Professional Office Su pport, Sales & Marketing Operations, and Supply Chain & Logistics. Its portfolio of services includes Executive & Retained Search Assignments, Contingency Recruitment Campaigns, Talent & Market Mapping, Outsourcing, Competitor Benchmarking, and Executive Career Counselling.





The NTS Group aims to become the first choice for clients/candidates for their job/candidate search needs. Towards this end, the company is committed to combining its market expertise with exemplary service to deliver tangible results to its clients/customers.





As an employer, NTS Group considers its people as its biggest assets who are responsible for driving the company in the desired future direction. With its growing popularity, the company is looking forward to adding more passionate individuals to its existing employee base.

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