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Requirements :

Treasury Operations

• Review and supervise global cash management operations including, but not limited to, funding strategies, banking operations, cash flows, foreign exchange execution, and interest optimization) as per the corporate finance strategy.
• To serve as the single point of contact for internal stakeholders of the business unit\'s cash and bank account processes.
• Prepare reports and presentations related to fixed deposits, bank guarantees, bank borrowing, land bank, escrow balances & releases, finance income and cost, tasks performed by Treasury team etc. on a weekly/monthly basis or as and when needed.
• Management and overview of various day-to-day treasury tasks including, but not limited to, escrow account management, placement and renewal of new FDs, escrow releases & escrow top-ups, Brokerage reimbursement, review of finance income and expenses, daily / weekly / monthly/ quarterly cash flows, opening of corporate and escrow bank accounts, periodic KYC & review of bank accounts, issuance and release of bank guarantees, monitoring cash margins placed with banks, brokerage reimbursement etc.
• Oversee cash functions, reporting & forecasting, short-term investing & borrowing, wire payments, FX management etc.
• Reviewing monthly BRS & ensuring the integrity and accuracy of fund records.
• To ensure optimum utilization of cash.
• Cash and liquidity management through managing treasury operations (Bank accounts, bank signatories, FD placements & renewals etc.) and controls (cash pooling/sweeping, etc).
• Ensure sufficient funds are available to meet ongoing operational and capital investment requirements.
• Complete special projects as assigned for presentation to senior management.
• Manage excess operating cash to obtain optimum interest revenue.
• Review, approve and release electronic disbursements.
• Effectively work with and support internal business partners including FSS, AR, AP, Legal, Tax, Sales, CRM & IT.
• Prepare and maintain schedules for loans, Sukuks & Land purchases and ensure all committed payments towards interest and principal are made on time as per agreed terms.
• Preparation of reports to see possible Escrow releases (Profit, Retention, Brokerage & Guarantees) and accordingly initiate and complete the whole process.
• Tracking releases from escrow, bank guarantees and to ensure they are withdrawn as and when eligible.

Financial Reporting

• Oversee the bank account reconciliation, finance income & expense verification with the general ledger on a periodic basis and ensure the resolution of open items.
• Review the Treasury department\'s financial statements and required reports regarding the status of the cash and bank balances for the Month End and annual closing.
• Support internal, external, and regulatory auditors in their examination of accounting records related to cash and bank balances.
• Lead the treasury month-end close process including the review and accurate recording of cash activity, finance income and expenses to the general ledger.
• Develop, monitor, and upgrade treasury department budget.

Banking Facilities

• Manging bank facility documentation for new term loans/overdraft/bank guarantee/ LCs etc. for the Group which includes review of commercials, legal review, and execution of financing documents.
• Actively involved in negotiations of renewal of existing banking facilities.
• Compliance with financial covenants of all banking facilities of Group.
• Prepare forecast in co-ordination with MIS team on cash flow, project launches and completion and accordingly ensure to have sufficient facilities in place well in advance as per forecast / budget (funded & non funded both).

Continuous Improvement

• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes, and practices considering global standards, productivity improvement, and cost reduction.
• Lead the streamlining and enhancement of the cash flow process by directing the proactive identification of areas for performance improvement to achieve organization\'s financial objectives.

People Management

• Support in the management of the effective achievement of assigned objectives of the Treasury Department by setting individual objectives, managing performance, developing, and motivating staff to maximize sectional performance.

Policies, Systems, Processes & Procedures

• Support the reporting line to 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.

Systems & Qualifications

• Oracle working knowledge and good excel skills
• CA with 8+ Years of Experience

DAMAC Properties