Summary
AVAR is seeking a Treasury Officer in Dubai to manage daily cash positions, cash flow forecasts, liquidity pooling, and intercompany loans. The role also covers banking relationships, bank accounts and facilities, foreign exchange exposure, regulatory compliance, and weekly treasury reporting. Applicants should have a bachelor’s degree in finance or accounting and 3–5 years of treasury experience in the UAE, with strong Excel skills and experience using online banking platforms and ERP modules. CFA Level I is highly desirable.
The posting
As published on avarglobal.com. Pulled from the employer's site and shown as they wrote it.
Key Responsibilities
1. Cash & Liquidity Management
- Daily Cash Positioning: Monitor and report daily cash balances across all group bank accounts.
- Cash Flow Forecasting: Prepare short and medium-term cash flow projections to ensure operational requirements are met without idle cash.
- Cash Pooling: Execute intercompany fund transfers and "pooling" strategies to move liquidity from cash-rich entities to those needing working capital.
2. Banking & Relationship Management
- Bank Liaison: Maintain and strengthen relationships with banking partners in the UAE and internationally.
- Account Governance: Manage the opening/closing of bank accounts and maintain the "Authorized Signatory" list.
- Facility Management: Monitor credit facilities, bank guarantees (LGs), and Letters of Credit (LCs).
3. Financial Risk & Compliance
- FX Management: Manage currency exposure, particularly for foreign operations, and execute hedging strategies if necessary.
- Interest Rate Monitoring: Track interest rates on group debt and optimize the cost of borrowing.
- Regulatory Compliance: Ensure all transfers comply with UAE Central Bank regulations, Anti-Money Laundering (AML) laws, and "Know Your Customer" (KYC) requirements.
4. Intercompany & Reporting
- Loan Administration: Maintain the schedule for intercompany loans, ensuring timely settlements and compliance with transfer pricing documentation.
- Treasury Reporting: Prepare weekly treasury reports for the Finance Manager, highlighting liquidity buffers and any upcoming funding gaps.
Required Skills & Qualifications
- Education: Bachelor’s degree in finance or accounting.
- Experience: 3–5 years in a treasury-focused role in the UAE.
- Technical Skills: * Mastery of Online Banking Platforms (HSBCnet, FAB, ENBD, etc.), strong Excel skills for cash flow modeling.
- Experience with ERP modules.
- Certifications: CFA level 1 is highly desirable.