Cash & Treasury Operation Manager

Purpose of role:

• Reporting to CEO, this role is responsible for all Treasury operations, Cash and liquidity management.
• This includes but not limited to daily cash positioning, liquidity management including debt repayments, supplier payments and relevant controls, cash forecasting (short/long term), Letters of guarantee, treasury reporting, bank mandate management, E-banking running and static data management.

Duties and Responsibilities

1. Daily cash and liquidity management:

• Overseeing the gathering of closing and reporting daily bank balances.
• Forecasting payments and receipts going through these accounts.
• Update relevant reports to derive the closing position, including reconciliations.
• Purchasing foreign currencies to make overseas payments when required.
• Advise on cash deposits, repaying/drawing debt to optimise interest income/expense.
• Report on credit facilities split and/or currency mix among banks.

2. Payment Process:

• Control and ensure all supporting documents are in place and matching with due payments prior to processing.
• Verifying payments and overseeing the approval process.
• Ensure that bank mandates are in compliance with all payment transactions.
• Secure proper filling of payments transactions.

3. Cash forecasting:

• Supervise and review short & long-term cash forecasting to aid forward planning of the cash position and debt payments.
• Provide and/or support treasury and finance with ad-hoc required reports related to treasury operations.

4. Bank relationship management:

• Manage bank accounts open/close process as well as banking services.
• Monitor, review and correct interest and banks charges.
• Review bank documentation in relation to banks credit facilities.
• Review term sheets, covenants, documentation and reply to banks credit queries.
• Participate in regular banks meetings.

5. Bank guarantees/LC’s/Forum 4:

• Ensure timely issuance of bank guarantees and form 4.
• Monitor bank guarantee expiries for cancellation or extension.
• Strong liaising with the sales teams on the above.
• Review and supervise initiating Bank Guarantees and/or Forum 4.

• Bachelor’s degree in Finance or Accounting. (Certified CTP is Preferred)
• 7 – 10 years of progressively responsible treasury experience for Preferably experience in industrial field .
• Working knowledge of treasury processes including pooling, working capital management and hedging.
• Should have a thorough understanding of investments and bank account management.
• Good Ability use to ERP Systems.
• Advanced analytical, organization, and interpersonal skills.
• Excellent collaboration, verbal and written communication skills.
• Very Good in English.
• Must be accurate and good at self review with the ability to prioritize effectively.
• Demonstrable experience of timely and accurate delivery of executive level reporting.
• Residents of Alexandria are preferred