Group Director - Treasury Freight Forwarding

• 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