Manager Treasury IFFCO Dubai

Manager Treasury at IFFCO will be responsible to support the Director Treasury in handling overall treasury operations including relationship management with banks, cash management and forex hedging. This is a mid level full time role. For this position salary can range between 15000 to 30000 AED/month.

Duties of A Manager Treasury

• Work in close coordination with Director Treasury and develop / maintain strong banking relationships outside UAE.
• Devise mechanisms to handle long term loans for projects with huge CAPEX requirement.
• Ensure timely mobilisation of working capital and term funds on optimum terms.
•  Work in close coordination with Director Treasury to devise innovative financing options, negotiate with banks and use funds effectively to ensure savings in financial costs and bank charges.
• Support the Director Treasury in all related activities like consolidation, analysis and forecast of IFFCO’s cash flow, maintain relationship with banking and credit rating agencies.
• Support the Director Treasury in evaluating and managing of interest risk of IFFCO.
• Provide support in the evaluation and monitoring of any investment decisions.
• Support the Director Treasury in Working Capital Management including short, medium-and long-term cash flow forecasting framework, strategic and operational cash flow forecasting, cash flow forecast performance analysis.
• Assist in planning, organizing and controlling all operations of Cash Management. Monitor overall cash position including reporting of cash balances on a daily basis, review of aggregate cash position, identification of short term cash requirements or surpluses, identification of petty cash reconciliations.
• Manage short term cash requirements and surpluses including determination of cash deficits and surplus.

What You’ll Do More

• Monitor group term loans and working limit and negotiate with different banks for a surplus cash pooling facility whenever necessary.
• Calculate cost of funds for the group and devise mechanisms to reduce the working capital costs.
• Conduct benchmark studies of banks and their services to evaluate as per IFFCO’s requirements.
• Perform KYC to identify and verify the identity of the bank.
• Work in close coordination with the Director Treasury and ensure that non-USD, non AED exposure is hedged in an effective and appropriate manner.
• Develop relationships with new banks for trade financing and handle trade financing activities of the business units.
• Ensure successful implementation of all new regulatory and statutory reporting requirements in respect of Treasury and ensure compliance with the credit policy for various banks.
• Ensure all transactions related to cash and bank are posted in books of accounts and reconciled in a timely manner with a high degree of accuracy.
• Understand leading practices and trends in terms of treasury management. Evaluate best practices and support the Director Treasury in implementation of the same across IFFCO.

Requirements For Manager Treasury

The eligibility requirements for role of a Manager Treasury are as under:

• CA or Masters in Business Administration with specialisation in Finance.
• 8+ years of related experience preferably within a large group with exposure of handling huge volumes of cash.

KPIs

• Cycle time for providing funds.
• Relationship building with banks.
• Deviation from projected cash flows.
• Average returns on investments compared to last year.
• Cost of funds.

Competencies

• Ownership & Result Orientation.
• Capital Markets Analysis.
• Hedging.
• Micro and Macro Economic Indicator Analysis.
• Fund Raising.
• Negotiation Skills.
• Self and Team Management.
• Planning & Decision Making.
• Strategic Thinking.
• Change Management.

Executive Shopper Marketing IFFCO UAE

Head of Government Relations IFFCO UAE