Treasury Supervisor

Long Description

Job Summary

The Treasury Supervisor is responsible for the all the fund requirements of the Kirby MEA and coordinates with all the banks Kirby has account in Kuwait, UAE and KSA as well as liaise with central treasury in getting better Forex deals and transfer of excess cash available in Kirby bank accounts. He or she needs to liaise closely with the Accounting, Credit, and the payroll team to fulfil all the fund requirements of the organisation. 

Job Responsibilities

For Kirby MEA (Kuwait, KSA and RAK)
•    Cash Management + Forex
o    Preparing the Daily Cash Position, forecasting daily cash requirements and execute daily financing decisions (Fund Transfer & Approvals)
o    Reporting of Fund requirements and prepare Cash forecast.
o    Monitoring bank positions and do FX deals to honour all payment requests and LC settlements.
•    Trade Finance 
o    Monitoring Trade facilities 
o    Opening and Settlement of import Letter of Credit, Shipping guarantees
o    Coordinate with Purchasing with Opening Letters of Credit, amendments, clearing bank documents on timely basis to avoid demurrage.
o    Coordinate with Banks for Letters of Credit and sorting out any issues 
o    Taking adequate measures to monitor the inflow / Import financing, optimum utilization of available funds.
•    Reporting
o    Daily Cash flow reporting- Review of all Bank balances with bank statement and SAP.
o    Preparation monthly bank reconciliation schedules for Kuwait, KSA and RAK
o    Monitoring and monthly reporting of bank charges
o    Monitoring and monthly reporting of Trade Utilization (Letters of Credit and Guarantees)
•    Projects
o    Manage banking relationship for smooth operations (funding + trade)
o    Coordinate with banks to pay the suppliers on time for all discounted Letters of Credit. (Usance Payable at Sight)-UPAS
o    Drive cashflows - Coordinate with credit on all collections and Cheque clearing
 

Candidate Requirements

• University degree in accounting with a strong business acumen. 
• More than 15 years’ experience in dealing with banks, handling treasury function and accounting of bank related transactions. 
• Excellent knowledge in using Microsoft Excel
• Strong structuring and numerical skills
• Good negotiation skills

Education