Finance & Accounting & Audit ,
Our Client , A retail medical leader in Qatar that have a wholesale business, as well as, chain of retail outlets, is looking for Treasury & Cash Management Lead to be based in Doha – Qatar and reports to head of Finance
Purpose :
Cash Positioning & Cash Flows Forecasting, Liquidity Management, Bank Relationship Management, Investment and wealth Management.
Key Responsibilities :
• Produce and report cash position in order to monitor short-term inflows and outflows and to cover outgoing settlements with incoming receipts.
• Prepare rolling cash forecasts on a periodic basis to facilitate cash flow planning, decision making and to ensure proper control over disbursements and receipts.
• Develop cash flow variances report to compare the cash forecast with the actual flows.
• Develop a plan to avoid having unacceptable levels of idle cash.
• Check cash availability to fulfill unexpected investment opportunities.
• Follow up on clients bank transfers.
• Perform and record all bank transfer transactions within company’s bank accounts.
• Ensure ongoing adequacy of business processes and controls to safeguard funds
• Manage company’s bank accounts to service company’s operating and financing requirements.
• Evaluate bank services in terms of quality of services, technological sophistication, charge rates, reputation and financial.
• Analyze bank fees and interest charges.
• Coordinate with banks to issue bank transfers, LCs and Letters of Guarantee.
• Negotiate with banks their credit facilities, charges and commissions.
• Recommend banks’ limits depending on the banks’ evaluations.
• Maintain sufficient liquidity for current needs through obtaining short term borrowing / investment from relationship banks.
• Obtain and manage long-term financing / investments and ensure the effective control of funds once financing is obtained.
• Follow up on company’s cash flow needs and arranges finance/cash requirements for company’s operational and capital needs.
• Minimize interest paid on borrowed funds through dealing with the bank with the most favorable rates and monitor repayments.
• Review and maintain all loan and borrowing agreements and documentation.
• Manage and record all bank charges, monthly repayments and interest payments
• Invest company’s excess cash as per the investment mandates set by company’s management with a focus on minimizing risk, maximizing return, and ensuring liquidity.
• Identify short term investment opportunities, which shall be in accordance with policies.
• Hold the most profitable and least risky mix of money market instruments for the purpose of serving liquidity and currency needs of the company.
• Assist in the formation of the financial risk management policy.
Skills & Qualifications :
Skills: Audit, Legal Compliance, Documentation Skills, Attention to Detail, Reporting Research Results, Thoroughness, Presentation Skills, Financial Software, Corporate Finance, Advance Excel, Financial Modeling IFRS Rules, Objectivity.
Qualification: 5 years of relevant experience preferably in retail domain.