The Role
The Assistant Treasurer manages daily trade finance activities, handles cash management, supports the senior treasurer in reporting, and ensures treasury KPIs are met.
Summary Generated by Built In
A multinational Jebel Ali free zone company is recruiting an Assistant Treasurer.
Job Summary Summary
- Handling day-to-day trade finance activities (such as Letters of credit review, and monitoring) of the company.
- Assisting Senior treasurer in monthly and Quarterly Reporting.
- Handling the day-to-day cash management activities of the company.
- Ensuring Treasury KPI are met
- Reconciliation with Group Treasury.
Role & Responsibilities
Trade Finance
- Supporting the senior treasurer in the review of the LCs, bank guarantees or SBLCs.
- Supporting senior treasurer in the collection of data such as open LCs, and SBLCs for preparation of trade finance report.
- Daily monitoring of SBLC and credit limits consumption.
- Act as a back for the senior treasurer in case of his absence.
- Supporting the other departments in any trade finance-related query, following up with banks
- Support senior treasurer in coordinating with banks for the review of LCs terms and conditions, finding relevant banking schemes for confirmation, and advising of LCs/SBLCs.
- Follow up on bank fees related to LCs and SBLCs and ensure the charges are as per the agreement with the banks.
Daily Cash Management
- Responsible for repatriation of funds promptly to group treasury.
- Ensuring minimum cash balance locally and at every month's end with explanations of any cash balance in the accounts.
- Petty cash / corporate cards/E-dirhams cars handling and reconciliation.
- Ensuring Global netting system uploads every month promptly.
- Daily integration of bank statements in Kyriba, correction of codification, and resolving any issues identified daily.
- Reconciliation of treasury forecast with actual in kyriba.
- Saving and circulation of daily bank statements with the accounting team and communication of receipts to the teams required internally.
- Preparation of payments to suppliers/ sending CFEs and payments in sign now.
Reporting and Followup
- Assisting senior treasurer with the preparation of quarterly HFM reports required by consolidation.
- Updating interest rates such as Bank SOFR, JIBAR, etc for reporting and interest calculation purposes.
- Reconciliation of treasury current account balances and the relevant interest thereon with group treasury.
- Preparation of treasury KPIs report.
Skills Required
- Experience in trade finance activities
- Knowledge of cash management processes
- Familiarity with reporting standards and KPIs
Am I A Good Fit?
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.
Success! Refresh the page to see how your skills align with this role.
The Company
What We Do
Genesis Executive Search is a leading recruitment and executive search firm based in Dubai, specializing in headhunting C-level executives and top talent. They provide retained and contingent human resource solutions to multinational corporations.
