Assistant Manager - Finance & Treasury

RAK Properties

UAE

Ref: QP868-21

Job description / Role

Employment: Full Time

Reporting to: CFO

Job Objective:
The role of Assistant Manager- Finance & Treasury is to participate in the development and formulation of the Finance / Treasury policies and procedures; to supervise the processing and maintenance of all finance /Treasury documents and computer applications and ensures timely generation of consistent and accurate reports.

Key Responsibilities:
1. Grow and strengthen existing bank relationships to provide deeper content and mechanism to provide innovative solutions.
2. Scan horizon for better tie up all the time.
3. Structure and maintain cost effective and quality financing facilities.
4. Custodian of company cash, ensures liquidity for entire business at all times.
5. Ensure efficient and risk controlled cash management. Prepare periodic rolling cash flow projection and present solutions to manage the funds effectively.
6. Recommend suitable hedging policy and hedge financial risks cost.
7. effectively employing sound instruments.
8. Provide management information, in close co-operation with other departments to enable CFO and other management staff to make decisions and take action to achieve corporate and divisional goals.
9. Develop and maintain efficient back office with good internal controls for all Treasury dealings and ensure compliance with internal controls, which ensure that the company resources are appropriately utilized and safeguarded.
10. Monitor residual business risks and hedge them by running adequate insurance program.
11. Provide quality banking and Insurance support services to divisions, associated entities, and stakeholders.
12. Ensure observance of the Finance and other policies, procedures and standards to provide a consistent, high standard of financial and information services.
13. Contribute to the development of superior systems using the opportunities for new information technology to provide more timely, accurate and relevant information.
14. Manage Treasury personnel, in close co-operation with HR Department to ensure a suitable staff structure developing competence of staff to execute the current and emerging management requirements.
15. Participate in Finance Department initiatives and information requirements to meet the requirements of the wider integrated organization.
16. Ensure Financial Accounting activities are completed on time as per the Accounting Policies and Procedures and IFRS.
17. Assist in the Internal and External Audit.
18. Prepare financials presentation and forecast.
19. Liaise with other departments to ensure optimum performance.

Requirements

Should be a Graduate in Commerce (BCom) with Professional qualification like CA/ACCA/CPA/MBA(FINANCE)/Certified Treasury Professional(CTP) or similar qualification.
Must have treasury/banking experience.
Desired Qualification - Certification in IFRS and treasury management.
10 plus years of experience in handling similar financial & treasury/banking activities in managerial position with a large organization preferably in real estate/construction/engineering sector.
Computer skills, Excel, Words, Power Point, knowledge of IFRS, FIDIC, UAE corporate and labour laws etc., work experience in ERP environment is an advantage.
Advanced communication and negotiation skill.
Multi-tasking, people management.
Timely deliveries.

About the Company

RAK Properties is one of the leading property development and tourism infrastructure firms in the UAE.

With proven excellence in a wide range of projects including mixed-use community developments, strategically placed retail shops, health spas and hotels, RAK Properties Public Joint Stock Company (PJSC) plays a central role in shaping the lifestyle of residents of the United Arab Emirates.

Founded in 2005 from the vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties delivers high-quality and professionally managed projects that provides its customers with the highest level of service, while maximizing the value of their investments.

RAK Properties has sound capital of AED 2 Billion. The Initial Public Offering (IPO) of RAK Properties in early 2005 was over subscribed by almost 57 times. In its mission to lead the development of real estate and tourism infrastructure in Ras Al Khaimah. RAK Properties aims to attract foreign investors of repute to launch state of the art projects, including luxurious hotels, resorts and malls. In doing so, RAK Properties serves as a catalyst for a dynamic property market in both Ras Al Khaimah and the wider United Arab Emirates.

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Finance Manager salaries in UAE

Average monthly compensation
AED 21,500

Breakdown available for industries, cities and years of experience