Group Director - Treasury Freight Forwarding
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Job Description
- To lead the designing implementation and management of the cash management structures for the global freight forwarding business
- To develop and implement a treasury strategy with the aim to efficiently fund the working capital requirements of the freight forwarding business and manage cross border funds flow
- Set up a cash management structure for the freight forwarding business which manages liquidity across the global branch network
- Implement maintain or improve the day to day treasury requirements for the freight forwarding business
- Manage the cash position to optimize return on capital employed
- Provide leadership / guidance / policies / training to regional finance managers responsible for freight forwarding branches on how to effectively manage liquidity and currency finance that is based on thresholds in a delegated authority matrix agreed with Group Treasury
- Oversee inter group funding structures and cash settlement
- Working closely with Group Tax and Group Legal to ensure that funding structures are tax efficient and compliant with local laws and regulations in the geographies where branch network operates
- Manage bank guarantees where required
- Oversee and negotiate ABL structures (Factoring) where applicable
- Perform foreign currency and interest rate hedging in close collaboration with Head Office Treasury
- Support group treasury on funding processes within the region
- Reporting on cash positions cash forecasts and seeking funding for shortfalls
- Working with statutory auditors and internal auditors
Requirements
- Masters degree in finance
- 7 to 10 years experience in the management of a treasury function in logistics /freight forwarding business
- Solid experience in Implementation of cash pool structure
Benefits
- Competitive salary package
- Other employee benefits as per UAE labour law
Employment Type
Full Time
Company Industry
Freight and Package Transportation / Transportation / Logistics /
