Treasury Senior Analyst

Asiacell Communications

Kurdistan Region (Sulaimanyah City), Iraq

Ref: GP281-119

Job description / Role

Employment: Full Time

- Formulate liquidity management strategy
- Ensure that the cash flow plans and strategy are managed effectively on a daily basis.
- Place funds according to the approved strategy after negotiating best terms with relationship banks
- Formulate counterparty selection guidelines and manage the counterparty risks of the Company
- Negotiate financial terms of Letter of Credits and Letter of Guarantees with Suppliers and Banks. Obtaining best possible pricing for non-funded facilities with banks.
- Manage development and update of treasury policies and procedures to be guideline for financial and credit risk, payment, and collection strategic plan development
- Manage and control financial and credit risk, and payment and collection activities across the company to ensure compliance with financial policies and standards
- Manage and control risks related to credit line in order to ensure effectiveness in credit management
- Manage and control process of payment, collection, transfer of money, bank accounts and currency management, in order to ensure accuracy of transaction in a timely manner
- Manage and control process of managing financial risk of the company e.g. foreign exchange, interest rate and conduct hedging activities when needed in order to enhance financial stability
- Manage relationship with banks and other financial institutions, to enhance opportunity for gain optimal benefits to the company
- Manage and provide cash flow forecasting and support to Management.
- Manage and ensure compliance with existing policies and formulate/ amend the same where necessary.
- Manage and provide support for long term & short terms funding solutions. Review all aspects of cash flow and forecast short term and long term funding projections.
- Analyze any possible liquidity gap and ensure provision of sound advise to management on efficient financing decisions
- Manage and negotiate bilateral facilities, working capital requirements, syndication of loans and bank funding.
- Manage and control establishment & maintenance of the Account payables in order to ensure compliances
- Manage and Plan day to day cash & banking operations.
- Ensure quality & timeliness of vendor payment
- Handle foreign transactions & dividend distribution compliantly & diligently
- Drive towards automation of invoice and payment processing for faster vendor payment & Invoice tracking
- Provide management with options relating to sound Financial Investment of surplus funds.
- Prepare reports, presentations and information memo’s for the board of director (based on special requests), its relevant committees and the management with respect to cash flow status, working capital management, debt, dividend, financing requirements and related metrics.
- Ensure cash management teams continued adherence to the policies and procedures.
- Ensure compliances with relevant regulations in local and FX transactions.
- Ensure necessary support/data to internal and external auditors to review any of the components across the value chain.
- Ensure that all staff within the division are fully familiar with the business goals and objectives. Ensure the development of staff within the division to meet the current and future strategic needs of the business/division.
- Provide periodical effective review of team performance.
- Determine, advise and implement functional best practices within Treasury Operations to optimize process efficiency and continue to enhance client service within a controlled operating environment.
- Need to be familiar with the rules and regulation of the Central Bank of Iraq.
- Negotiate bank loans, vendor financing and full knowledge of LMA is required.
- Other ad-hoc financial works.

Requirements

- At least 8 years of experience in Treasury/ Accounting/Finance out of which 5 years are in corporate treasury of an international diversified company or relevant position in investment/commercial bank.
- Telecom experience would be preferred
- BA/MBA (Finance)/CMA/CFA/ACCA from recognized universities/professional institutions.
Special Skill Requirements
- Positive attitude and excellent team player
- Up to date functional and economic knowledge & skill
- Able to handle continuous change & renewal in positive manner
- Good communication skill
- Able to apply the control role as guided by policy & procedures
- Strong commitment to timely delivery
- Ability to handle work load and pressure
- Experience in development of treasury standards and policies
- Strong analytical and problem-solving skills
- Excellent communications skills with proficiency in English language, additional Arabic language skills would be a positive plus
- Strong leadership skills with a passion for the entire business.

About the Company

Asiacell is a leading provider of quality mobile telecommunications and data services in Iraq with a subscriber base of 14 million customers. Asiacell was the first mobile telecommunications provider in Iraq to achieve nationwide coverage, offering its services across all of Iraq’s 19 governorates including the national capital Baghdad and all other major Iraqi cities. Asiacell’s network covers 99.06% of the Iraqi population which makes its national coverage the widest among the mobile operators in Iraq.

Asiacell is also the best internet provider with its 3.9G data services, offering the best network coverage in the entire of Iraq since January 2015.

Asiacell provides prepaid mobile communications services that forms 99% of its subscribers (as of November 2016). Prepaid lines offers include some amended package offers to suit different sectors of the market, including young people and women, and an innovative service targeting millions of visitors to Iraq every year. Asiacell also provides post-paid services to companies and individuals.

Asiacell is also the value share leader in the market, the fact that indicates the trust and confidence of higher value and corporate segment customers.

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