Manager - Treasury & Banking

Job Description

Space
42 (ADX: SPACE
42) is a UAE-based AI-poweed Space Tech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Established in 2024 following the successful merger between Bayanat and Yahsat, Space
42's global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities.

Our vision is to pioneer beyond today for humanity to experience a better tomorrow. Space
42 challenges traditional approaches with advanced AI and cutting-edge satellite technology, making space more accessible and redefining how data from space can be used on Earth. We aim to achieve this by connecting people to rewire potential, informing decisions to reimagine impact and enabling action to redefine tomorrow.

For more information visit: www.space
42.ai, follow us on X and Instagram@Space
42ai

As the Manager of Treasury and Banking at Space
42, you will be responsible for overseeing the organization's cash management, liquidity, treasury activities and banking relationships. This role requires strategic oversight of treasury operations to optimize financial performance and ensure compliance with relevant regulations. You will collaborate closely with various departments to support financial objectives and enhance operational efficiency.

• Cash Management:
  Manage short-term and long-term cash flow and liquidity to ensure that the organization can meet its financial obligations and optimize cash usage.
• Debt & Funding Facilities:
  Support the execution and ongoing management of corporate funding facilities (including term loans, bridge loans and ECA-backed facilities), including documentation, covenant compliance, drawdowns and bank coordination.
• Trade Finance:
  Manage day-to-day trade finance activities including the issuance and administration of bank guarantees, letters of credit (LCs) and advance payment guarantees, ensuring timely processing, compliance with agreed terms and effective coordination with banks and internal stakeholders.
• Banking Relationships:
  Develop and maintain relationships with banks and financial institutions, negotiating terms and services to benefit the organization.
• Cap Ex Program Management:
  Perform monthly reviews of major CapEX programs to monitor delivery and spend against approved budget; investigate and explain key deviations, and coordinate with project owners to support timely corrective actions.
• Financial Analysis:
  Conduct financial analysis and forecasting to support decision-making regarding treasury operations and cash management strategies.
• Policy Development:
  Implement and maintain treasury policies and procedures, ensuring compliance with regulatory requirements and internal controls.
• Risk Management:
  
  Identify and assess financial risks associated with treasury operations (including FX and interest rate exposures), recommend and execute hedging strategies to mitigate these risks, and support quarterly hedge effectiveness testing.
• Team Leadership:
  Manage and mentor the treasury team, fostering a collaborative environment that encourages professional development.
• Reporting:
  Prepare and present regular reports on cash position, banking activities, and treasury performance to senior management.
• Cross-Department
  
  Collaboration:
  
  Work closely with accounting, finance, and operations teams to support overall financial strategies and initiatives.
• KYC & Regulatory Compliance:
  Oversee initial and ongoing bank KYC processes, including documentation refreshes, regulatory questionnaires, and coordination with internal stakeholders.
• Satellite Insurance:
  Liaise with insurance brokers as required and report directly to the CFO on…