Treasury Manager

Roles and responsibilities

Responsible for overseeing Aldar’s cash management operations, intercompany funding including cash pooling and netting. This role requires a deep understanding of banking products for collections and payments, and treasury management systems. Lead optimization of cash flows, improving operational efficiency, and managing cash trap risk within a complex real estate regulatory and joint venture environment.

Roles And Responsibilities

• Cash Pooling and Netting & In-house Bank: Implement and manage efficient cash pooling and netting strategies to optimize cash utilization and reduce transaction costs across multiple group entities.
• Payments and Collections: Advise and bring onboard improved collections and payments processes, minimizing costs and risks in O2C and P2P processes. Develop and implement solutions for internal customers for collections and payments.
• Cash Forecasting Advisory: Consult, guide and support various group entities in improving quality of short-term cash flow forecasting and optimize cash management.
• Risk Management: Identify, assess, and mitigate cash management risks, including liquidity risk, and operational risk. Implement and influence, as need be, appropriate controls and safeguards to protect the company's cash assets.
• Bank Relationship Management: Build and maintain strong relationships with banks and other financial institutions to negotiate favorable terms and conditions for cash management services and products.
• Treasury Management Systems: Select, implement, and manage treasury management systems to support efficient cash management operations and provide timely and accurate reporting.
• Regulatory Compliance: Ensure compliance with all relevant escrow regulations pertaining to treasury activities, including anti-money laundering (AML) and know-your-customer (KYC) requirements.
• Team Management: Lead and develop a team of cash management professionals, providing guidance, training, and support to ensure optimal performance.
• Intercompany funding management: Design and implement efficient I/C funding management while being compliant with applicable laws and regulations, and ensuring balanced outcome for Aldar and minority investors
• Bank account management (incl. escrow) to ensure optimal operational and counterparty risk management
• Lead RFPs/RFQs for various cash management and operational treasury products to drive best pricing and quality for Aldar Group
  
  

Qualification And Experience

• Bachelor’s degree/certificate in accounting, finance or economics from a reputable university, CFA is a plus.
  
  

RELATED YEAR OF EXPERIENCE:

• Min of 10+ years of experience in a corporate treasury environment. Multinational corporate treasury a plus.

Desired candidate profile

Min of 2+ years in a managerial position.

Technical And Interpersonal Skills

• Strong cash and short-term debt analysis and management skills
• Proficiency in MS Office and treasury software applications (Reval, other TMSs, SWIFT, Bloomberg, others)
• Negotiate with banks. Design RFPs/RFQs
• Operational risk management
• I/C loan documentation
• Proven track record in implementing cash management solution and treasury management system
• Team player, ability to work under pressure and independently, strong attention to details and problem-solving abilities
• Setting up supplier/contractor financing

• Cash Management: Overseeing daily cash management operations to ensure optimal liquidity and effective cash flow forecasting.

• Investment Strategy: Developing and implementing investment strategies for the organization’s excess cash, ensuring alignment with risk tolerance and financial goals.

• Debt Management: Managing the organization’s debt portfolio, including financing strategies, compliance with covenants, and refinancing initiatives.

• Risk Management: Identifying and mitigating financial risks, including interest rate, currency, and credit risks, through appropriate hedging strategies.

• Financial Planning: Collaborating with finance and accounting teams to develop long-term financial plans and budgets.

• Banking Relationships: Managing relationships with banks and financial institutions, negotiating terms, and overseeing bank services.

• Treasury Policies: Developing and enforcing treasury policies and procedures to ensure compliance and best practices.

• Reporting: Providing regular reports to executive leadership and the board on treasury activities, cash position, and financial performance.

• Team Leadership: Leading and mentoring the treasury team, fostering a culture of collaboration and professional development.

• Regulatory Compliance: Ensuring compliance with financial regulations and standards relevant to treasury operations.