Manager, Cash Management & Financing

ARASCO

Employer Active

Posted 3 hrs ago

Experience

6 - 11 Years

Job Location

Saudi Arabia - Saudi Arabia

Education

Bachelor of Arts

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

Responsible for overall banking activities to support operations.

Performs cash management activities including; monitoring cash flow, analyzing debt and liquidity position.

Prepares consolidated cash balances reports on a daily basis for ARASCO.

Ensures to shorten the cash collection cycle through introduction of innovative banking products.

Ensures to get highest possible return through investing the idle funds.

Manages all aspects of in-house investment portfolios.

Assists in developing and implementing short-term, mid-term and long-term investment plans to ensure liquidity.

Negotiate with banks to give FX rates at lowest margin possible.

Manage the overall Letter of Credit (LC), Cash against Documents (CAD) and Letter of Guarantees (LG) process.

Continuous evaluation & comparison of bank charges and try to bring them at lowest possible level.

Divert trade business between the banks in order to have bargaining power.

Reports any issues or discrepancies to the Group Treasurer.

Prepares reports timely as requested by Group Treasurer.

Prepares and reviews forecasted cash flow statements timely.

Provide innovative cash management solution whenever is possible to reduce dependence on physical cash such as POS, Cash deposit machines, etc., Structure and maintain cost effective financing facilities.

Internal:

Requesting information from Corporate & SBUs frequently to fulfil the requirements.

External:

Correspondence with banks and financial institutions.

Desired Candidate Profile

Minimum Bachelor s degree in Finance/ Accounting. Professional Certification (e.g. CMA, CPA, CFA, etc.) is a plus.

Minimum 6 years of experience in finance, treasury or corporate finance.

Problem-solving abilities

Decision Making

Planning and Organisation skills

Analytical skills

Good communication and negotiation skills

Company Industry

  • FMCG
  • Foods
  • Beverages

Department / Functional Area

  • Finance
  • Treasury

Keywords

  • Manager
  • Cash Management & Financing

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ARASCO

Responsible for monitoring and forecasting the cash for ARASCO, formulating and implementing a cash strategy to ensure that sufficient cash resources are available to meet financial obligations as they become due.

Assists the Group Treasurer in developing or improving the Group policies and procedures in accordance with the Finance Group strategies and ARASCO s overall objectives and directions.

Ensures adherence to the Treasury Function policies, procedures and processes.

Ensures adequate financial and internal controls are in place for all the cash management activities.

Manages overall ARASCO s cash management function.

Read More

https://careers.arasco.com/job/Manager%2C-Cash-Management-&-Financing/857001223/