Director Corporate Finance & Treasury
UAE, United Arab Emirates
Job Description
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KEY ACCOUNTABILITIES: Treasury Management
- Review and supervise DAMAC\'s global cash management operations including, but not limited to, funding strategies, fixed deposits, banking operations (including overdraft, guarantees and LCs), cash flows across DAMAC\'s businesses, foreign exchange execution, and interest optimization as per the corporate finance strategy.
- Ownership of cash transactions processes including cash payments to both external and internal parties.
- Formulating efficient payment schedules for Purchase Orders and contracts, with close collaboration with SVP/VP Finance, to obtain maximum benefits.
- To serve as the single point of contact for internal stakeholders of the business unit\xe2\x80\x99s cash and bank account processes.
- Review cash-flow analysis and forecasting of the daily cash demands at DAMAC for effective funds management.
- Prepare reports and presentations, to be reviewed by the upper management, for allocating cash flows for uses including bank accounts, long and short-term loans, and investment management to ensure DAMAC\'s financial sustainability.
- To be able to manage performance within Treasury management system
- Maintain good relations with bank officials for ease in attaining bank services including credit facilities, letters of credits, etc. along with the efficient resolution of transactional issues, if any.
- Develop and maintain strong client relationships within the sector to support business growth.
- Ensure effective implementation of the Treasury department policies, procedures, and controls covering all areas of the department activity so that all relevant procedural/legislative requirements, are fulfilled while delivering a quality, cost-effective service.
- Oversee the bank account reconciliation and expense verification with the general ledger on a periodic basis and ensure the resolution of open items.
- Review the Treasury department\xe2\x80\x99s financial statements and required reports regarding the status of the cash and bank balances for the Month End and annual closing.
- Ensure that the appropriate internal controls and accounting standards, laws, and regulations are complied with in the cash flow process.
- Support internal, external, and regulatory auditors in their examination of accounting records related to cash and bank balances.
- Minimum Bachelor\xe2\x80\x99s degree in Accounting, Finance, or related field.
- Certified qualification in CA/CPA/ACCA/CFA.
- Post\xe2\x80\x93graduation/MBA in Finance or equivalent is preferred.
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Job Detail
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Job IdJD1514475
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationUAE, United Arab Emirates
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EducationNot mentioned