Treasury & Banking Manager

Job Description

Duties & Tasks

Duty 1: Proposal building

• Provide insights about cash flow regarding suppliers and customers for the finance manager

Duty 2: Bank Management

• Elicit and analyze proposals for banking and financing services.
• Manage bank statements on continuous basis
• Plan the credit situation of all coming project with the finance manager
• Manage the different projects financial planning with the banks regarding credit coverage and loan management through Managing credit lines, letters of credit and other guarantees.
• Develop, monitor and upgrade Treasury department budget.

Duty 3: Cash and treasury Management

• Provide everyday cash position, estimate and analysis.
• Maintain correct estimate of cash/CP balances.
• Supervise and manage all cash balances efficiently.
• Present monthly cash situation
• Develop everyday cash position report comprising of forecasting every week cash receipts plus disbursements.
• Support to manage short-term investment balances along with interest recording.
• Making informed financial recommendations and decisions
• Managing Credit situations with different banks
• Handle daily operation with Banks through monitoring the implementation of cash transactions, plus recording on the oracle system.
• Ensure that all bank transactions recorded & maintained in the system.
• Assist in the closing of accounts during month-end at the company and divisional level within stipulated timelines.
• Update cash out and Cash in.
• Perform monthly and annual bank reconciliation.
• Process all cash transactions related to deposits, withdrawals & foreign currency exchanges in line with business needs.

Duty 4: Suppliers Management

• Coordinate with the Payables accountant regarding the suppliers’ and vendors’ payment schedule
• Verify different payments to suppliers and vendors
• Prepare cashflow report for the supplier’s section

Duty 5: Customers Accounts’ Management

• Coordinate with the Receivables accountant regarding the payment schedule from customers
• Verify different payments from different customers
• Prepare cashflow report for the customers’ section

Duty 6: General Accounting

• Manage the withdrawals of the general, admin, legal and marketing costs from the bank to maintain a positive cashflow
• Prepare cashflow reports regarding different costs

Internal & External Communication

Internal Communication

• All employees

External Communication

• Banks and other Financial Institutions
• Sub-contractors and contractors
• Suppliers
• Governmental Institutions
• Customers