Job Description

Job Title:

Manager - Treasury and Budgeting

Reporting To:

CFO

Location:

Production City, Dubai

Qualifications Preferred

Master's degree in accounting, Finance, or related field.

Familiarity with ERP systems (SAP).

10 years of experience in corporate finance

Hands-on mindset of a startup

Experience Preferred:

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

Experience in multi-entity, multi-currency environments is essential.

Language:

Proficiency in Written and Spoken English

Duties and Responsibilities:

1. Global cash management

Ensure cash is available in right legal entity, in right currency and in right bank a/c without delays, disruption or distraction.

Forecast free cash flows (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 servicing. 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

2. 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, counterparty, 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.

3. 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

4. Enable global trade

Leverage SYI bank group to negotiate services (e.g. corporate cards, bank guarantees, LCs, corporate guarantees, etc.)

Own treasury systems, controls, and automation initiatives.

5

. 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.

6

. 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.

7.

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

Skills:

Communication:

Excellent written and verbal communication skills for coordinating with various departments and external vendors.

Problem-Solving:

Analytical mindset to identify issues and provide effective solutions.

Time Management:

Ability to manage multiple tasks and deadlines efficiently.

Attention to Detail:

High level of accuracy in financial processes, from invoicing to reconciliations.

SAP Knowledge:

Expertise in using SAP for treasury transactions

.

Financial Acumen:

Deep understanding of treasury and working capital principles.

Personal Attributes

Represents SYI with integrity and upholds high standards of confidentiality, work and conduct.

Professional and ethical in all dealings with employees, clients, and suppliers.

Reliable, consistent, and deadline-oriented with a proactive attitude.

Flexible and adaptable to changing business needs and departmental requirements.

Able to work collaboratively within a diverse team and interact with multiple departments.

Working Conditions

Full-time position, based at SYI's office locations within the UAE.

Job Type: Full-time

Pay: AED15,000.00 - AED23,000.00 per month