Senior Manager Treasury.mtn Globalconnect
Dubai, United Arab Emirates
Job Description
Mission/ Core purpose of the Job
With the rapid growth of business in GlobalConnect (GC) and incorporation of FibreCos across African Markets resulting in higher volume and complexity of our treasury responsibilities, GC Finance seeking a dynamic and experienced Senior Manager Treasury to set up treasury function in Dubai and various FibreCo operations in Africa, provide advice on optimal capital structure for the business, deliver strategic targets, embed controllership for funding and support operational cash management, and drive for operational excellence. The role reports to GM Finance & FibreCos. This position requires a self-starter who will work to continuously improve treasury processes while maintaining a rigorous control environment. The role requires working with multiple internal teams within the GC, Group Treasury as well as external parties that include banks and financing partners. It involves day-to-day oversight of cash operations, FX and funding management, and financial risk management in GC Dubai and FibreCo incorporated countries. The role will also involve in design and implementation of a scalable bank account structure, develop and to document necessary administrative and reporting procedures to align with the Group Treasury operational excellence. Key Performance Areas: Core, essential responsibilities / outputs of the position (KPA\'s) Key Tasks:
Education:
- Adopt Group treasury policies and standards within GC and FibreCos and ensure proper controls in place
- Oversees general cash management, liquidity management and treasury Operations, and continuously drives for operational improvement & risk control in scope
- Build and manage all banking relationships with all financial institutions in Dubai and Africa to support GC and FibreCo operations in Africa
- Responsible for arranging debt financing for GC and FibreCos to support various capex intensive projects
- Determine short to long term financing strategy and identify funding options and impact on financials based on proposed capital structure
- Review and negotiate term sheets, covenants, documentation and reply to banks credit facility queries
- Regular follow up on covenants testing to ensure compliance with all facilities
- Review and approve Bank recons prepared by GC & FibreCo Finance teams
- Approve payments loaded in the banking portal by Finance team
- Prepare and review actual weekly cash flows of GC and FibreCos
- Prepare monthly cash flow forecast and present to GM Finance
- Prepare presentation for GC Exco, Board and audit committee on cash flow projections, financial risk management, bank covenants and various treasury related queries
- Prepare presentations to banks to update performance of GC, FibreCo and GC group
- Assist GM and CFO in reducing the financing cost and increased returns from excess cash surplus
- Stays abreast of current trends and changes in financial market and regulations and prepare strategic operations recommendations and assessments of impact of changes to GC and FibreCo operations
- Provide input related to treasury on various financial reporting for Group and annual financial statements
- Manages external debt capital market relationships incl. rating agencies
- Custodian of corporate credit card, cheque books and petty cash of GC
- Prepare board papers for any new banking relationship, funding arrangements
- Evaluate various investment opportunities to maximize return on excess funds
- Defines performance parameters and measurements for area under supervision
- Manages liquidity risk and cash flows of the FibreCo business over short, medium and long term
- Manage stress testing for treasury related risks
- Review various banking contracts, internal contracts of business, T&Cs
- Maintain loan amortization schedule and provide accounting entries to GC Finance and FibreCo Opcos finance team
- Maintain Online Banking Systems and updating delegation of authorities and internal controls
- Support digital transformation and implementation Oracle system
- Analysing and performing appropriate hedging and funding activities (Forex, swaps, loans, deposits, etc.)
- Expertise in accounting for derivatives, hedges, swaps and options in line with IFRS
- Contribute to the identification of areas and opportunities for continuous improvement in the operating procedures and functional processes
Education:
- Minimum 4-year Bachelor\'s degree in finance, Business or Economics
- Qualified CA, ACCA
- MBA would be a plus
- Any other professional qualification related to Treasury
- Minimum of 10+ years of Treasury experience with Multi-National Corporations at managerial position for minimum 5 years.
- Must possess thorough understanding of a wide range of finance activities, including banking, cash management systems, treasury instruments, enterprise risk management, and FX transactions
- Must be a self-starter who is able to work independently and interface with all relevant internal teams and external business partners as needed
- Proven track record in exceptional financial performance
- Strong interpersonal skills, including written and oral communication skills
- Critical Finance thinking
- Strategic thinker
- Accounting standards, policies and procedures
- Genuine interest and shows initiative in own professional development i.e. keeping up with best practices, digitalization
- Exceptional presentation skills including Executive level presentations
- Advanced Excel skills
- Ability to work multiple priorities in parallel
- Ability to develop relationships and influence
- People management
- Organizational Agility
- Dealing with ambiguity and complexity
- Regional and international travel (if required)
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Job Detail
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Job IdJD1507421
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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 LocationDubai, United Arab Emirates
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EducationNot mentioned