Cash Management Supervisor

Job description / Role

JOB PURPOSE:
Cash management Supervisor is responsible for overseeing an organization’s daily, weekly, and monthly cash flow. Furthermore, monitoring disbursement float and practice precise data collection and invoicing in order to ensure that payment and disbursement records are correct and in compliance. He is also responsible for the actual disbursement of funds, investments, cash operation, cash facilities and funding analysis. Moreover, responsible to adjust cash flow processing procedures, analyse and address trends and variances, and inform higher management with cash progress reports and investment analysis reports.

Policies & Procedures:
- Direct the development and oversee the implementation of cash operational policies covering all areas of reporting functional activity so that all relevant procedural/legislative requirements are fulfilled and to ensure efficient, effective deliverables at all times

Organisation Development:
- Define an optimum organisation for the function overseen to ensure that work if optimally organised, resources are optimally utilised and communication can take place in an efficient and effective manner.

Financial Management:
- Oversee all aspects of the cash management function, including the development and management of systems for the effective collection of revenues and payment of obligations.
- Responsible for providing leadership and direction to ensure designated cash processing, reconciliation and reporting functions are completed in a timely manner while in compliance with policy and regulations
- Directs cash management operations to include daily cash administration, management of current accounts and bank relations.
- Reviews and drives improvements in cash management, ensuring financial obligations are met in accordance with Company policies and procedures.
- Completes all cash management set-up documentation for new and existing department processes; prepares correspondence and proposals directed to and for cash management.
- Timely reconciles cash application and disbursements.
- Monitors cash transactions to ensure that bank account balances to the report and any unusual items are investigated.
- Forecasts, monitors and tracks cash flow (daily, weekly, monthly, quarterly etc.).
- Prepares cash flow reports, and identifies and evaluates variances.
- Receives incoming wire transfers and processes outgoing wire transfers. Posts wires.
- Assists with project assignments and financial reporting.
- Supervise the financial Oracle implementation and on-going support and control in cash management.
- In charge of bank accounts monthly reconciliations
- In charge of year end bank accounts confirmation
- Directs, motivates and trains Treasury staff and ensures effective departmental operations, both currently and in the future, through the selection and deployment of competent accountants
- Manage the external & internal audit enquiries regarding cash.
- Accountable for and has the authority over department’s unit to validate the adherence to policies, procedures and short term plans.

People Management:
- Direct the development of functional staff and motivate personnel to ensure that all functions are staffed with individuals of the required calibre, and that there is adequate succession planning provision for future demands.

Requirements

- University degree in Accounting.
- SOCPA or post-graduate qualification in accounting.
- Requires 5-8 years experience in Finance or Accounting, with a strong background in Treasury

COMPETENCIES:
- Directiveness
- Strong numerical analysis capabilities
- Capability to organize the reporting workload and regularly meet reporting timetable
- Good understanding of commercial and operational aspects
- Professional Accounting qualification preferred (SOCPA or CPA)
- Teamwork and cooperation

About the Company

Saudi Networkers Services, incorporated in 2001 with an aim to provide the world class business and consulting services through a combination of market insight, technical excellence and unrivalled agile methodology.

Our success stems from building strong relationships and trusted partners, which enabled us delivering exceptional services to public sector, as well as some world's leading organizations, in Telecommunication, Information Technology, Cyber Security, Banking, Energy, Utilities and various other industry arenas.

We collaborate closely, ideate that how the work gets done, while working alongside businesses to collaborate on growth and applying breakthrough innovations, that drive exponential impact, managed by teams specialized in their assigned industry sectors.