Cash Management Specialist

Roles and responsibilities

• Join a team of treasury experts in the Middle East, embedded in Dubai and other cities in the ME, where you will manage bank accounts, payment infrastructure and liquidity planning for several GCC countries.
• Handle day-to-day cash management operations, including inquiries from banks and Siemens subsidiaries regarding payment transactions and support internal audits.
• You will advise our group companies on the efficient design of their banking partner strategy, payment processing and management of banking services.
• You will participate in group treasury projects, e.g. in the context of M&A activities, transformational process automation and streamlining of procedures with the aim of implementing a 24/7 real-time cutting edge cash management system in the Middle East.
• You will manage the relationship with our bank partners and negotiate contracts (e.g. cash pooling contracts, banking fees, EBICS/API/SWIFT communication contracts), evaluate the bank and maintain the business relationship.
• You will advise our group companies on treasury specific controls, policies and procedures.
• You will monitor and execute liquidity planning and cash management transactions and advise on FX spot deals.
  

Your Qualifications

• Bachelor’s degree in Economics, Business Administration, Finance, Banking or IT with finance focus ideally supplemented by additional finance-related qualifications (e.g. MBA, CFA).
• Minimum of six years of professional work experience in Treasury / Corporate Finance, preferably in an international company, a consulting company or an international bank. Experience in cash management experience is a plus.
• Work experience in digital innovation and/or project management is desirable.
• Fluent in English. Arabic or German language skills would qualify you even more.
• Excellent analytical and communication skills, with the ability to influence relevant stakeholders. including bank partners, business controllers, CFO’s, accounting, legal, and tax departments.

Desired candidate profile

Cash Management involves the process of collecting, managing, and investing cash in a way that optimizes liquidity, minimizes costs, and maximizes returns. Here are key skills and qualifications essential for a role in Cash Management:

1. Financial Analysis: Ability to analyze cash flow statements, budgets, and forecasts to make informed decisions about cash management strategies.

2. Liquidity Management: Understanding of liquidity requirements to ensure sufficient cash is available for operational needs and investment opportunities.

3. Risk Management: Skills in identifying and mitigating financial risks associated with cash flow, market volatility, and interest rates.

4. Treasury Management: Familiarity with treasury operations, including cash positioning, bank relations, and short-term investing.

5. Investment Knowledge: Understanding of short-term investment vehicles and strategies to optimize returns on excess cash.

6. Banking Relationships: Ability to manage relationships with banks and financial institutions to negotiate terms and secure favorable rates.

7. Regulatory Compliance: Awareness of regulations and compliance requirements related to cash management and financial reporting.

8. Technology Proficiency: Experience with cash management software and tools for tracking, reporting, and forecasting cash flows.

9. Attention to Detail: Strong organizational skills to ensure accuracy in cash reporting and management activities.

10. Problem-Solving Skills: Ability to address cash flow issues and develop strategic solutions to optimize cash management processes.

11. Communication Skills: Effective verbal and written communication for collaborating with finance teams, stakeholders, and external partners.