Manager – Treasury and Budgeting

Job Summary

One of our clients in Dubai is looking for Manager – Treasury and Budgeting.

• Global cash management
  • Ensure cash is available in right legal entity, in right currency and in right bank account without delays, disruption or distraction.
  • Forecast free cash flow (FCF) monthly on a rolling 12 month period and identify risks / opportunities to FCF. Perform a variance analysis between actual forecast, and last year.
  • Ensure efficient execution of payments, FX trades, and debt service. Ensure zero fraud or error on cash.
  • Lead bank account strategy, documentation, KYC compliance, and fee negotiations. Minimize trapped cash and direct debits.
  • Structuring of tax efficient inter-company loans
• Financial Risk Management
  • Forecast all non-operating expenses of company (FX, interest, bank fees, etc.).
  • Eliminate volatility in P&L and cash flows to financial risks e.g. FX, interest, counter party, etc. through natural and synthetic hedging.
  • Assess insurable risk exposure and negotiate insurance coverage (e.g., general liability, property, D&O, PI). Manage claims in coordination with insurers, brokers, and internal stakeholders.
• Optimize non-operating costs
  • Daily cash positioning and analysis of investment alternatives to optimize after tax net interest income.
  • Minimize all transaction costs e.g. bank fees and taxes.
  • Drive working capital through corporate cards, real time cash flow visibility, and planning
  • Management of all company leases and debt contracts. Compliance to all capital market regulations
• Enable global trade
  • Leverage company bank group to negotiate services
  • Own treasury systems, controls, and automation initiatives.
• Budgeting
  • Drive annual budgets, quarterly forecasts, and monthly budget vs actual reporting.
  • Monitor and report on key financial and operational metrics.
  • Build financial models to support investment decisions, pricing, cost optimization, and business cases.
  • Support SAP digital transformation and data integration initiatives.
• Treasury accounting
  • Expert in Treasury related accounting and updates into SAP
  • Ensure financials accurately reflects all treasury related transactions.
  • Ensure compliance with internal controls and audit requirements. Create treasury policies and procedures. And enable treasury to evolve based on audit findings.
• Debt Management
  • Lead debt contract reviews, bank negotiations and structuring to minimize after-tax cost of debt
  • Bank relationship mapping. Maintain strong partnerships with banking partners.
  • Manage lease database and contingent liabilities from cradle to grave.
  • Analyze buy vs lease using NPV framework

• 7 to 12 years of Treasury and Budgeting experience in a leadership capacity.
• Lead and manage the company’s global cash management, liquidity planning, banking relationships, and treasury systems.
• Ensure the optimization of cash resources, compliance with financial risk policies, and operational excellence across all treasury activities.
• Raise optimal debt

• Master’s degree in accounting, Finance, or related field.
• Familiarity with ERP systems (SAP).
• 10 years of experience in corporate finance