Group Treasury Manager

Job description / Role

NTS Group are working alongside a leading multinational company in Dubai to recruit a Group Treasury Manager.

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)

Salary:
AED 25,000 to 30,000 per month inclusive of fixed allowances.
Additional benefits: Bonus, Flights & Insurance (Family Status)

Requirements

Skills, Experience & Qualifications

- Experience of working in a similar position within a global company for >7 years
- Experience of managing a team
- Strong Treasury knowledge especially on Cash management and Treasury operations
- Strong awareness of best practices on controls and system efficiencies
- Understanding on bank relationship management
- TMS experience including design and roll-out for back office processes.
- Treasury/Accountancy qualification (e.g. AMCT, MCT, CIMA, ACA OR ACCA or overseas equivalent) or degree in finance, economy or accountancy or equivalent

About the Company

NTS Group is a leading specialist recruitment firm and experts at recruiting skilled, qualified and professional people in the Middle East.

Our promise is simple. To provide our clients and candidates an expert, professional and bespoke service whilst maintaining the highest levels of integrity and honesty.

NTS Group specialise within contingency, retained and search based recruitment campaigns across the following sectors;

Finance & Accountancy Professional Office Support Sales & Marketing Operations

To our clients, we understand people are your biggest asset and the future of your business. This is why we focus on understanding not only your technical requirements, but your culture, values and vision in order to find the right people for your business first time.

To our candidates, we believe in honesty, integrity and supporting you throughout the entire process. We listen to what you want and proactively go to market to assist you in finding your dream job.