Role Title: Group Director – Treasury (Global Freight Forwarding)
Location: Dubai, UAE
Salary: Negotiable + Package
The Director Treasury is critical to our clients Freight Forwarding business always being able to meet its payment obligations while maintaining an efficient level of capital deployment. The position holder is managing the cash pooling systems and implements and approves the reporting and governance around those systems. He / She closely cooperates with various stakeholders within the business.
KEY ACCOUNTABILITIES
- Lead the development, implementation and management of a global treasury strategy for our clients freight forwarding business
- 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 intergroup 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 our client operated in.
- 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
QUALIFICATIONS
- Bachelor’s degree/University degree or equivalent experience in Finance & Banking
- Master’s degree preferred
EXPERIENCE
- At least [7 to 10] years’ experience in the management of a treasury function in logistics /freight forwarding business
- Background in banking
- Implementation of cash pool structure
Definite asset:
- Technical treasury experience (implementation of systems)
- Finance modules for ERP systems (Oracle/SAP)
We welcome all applications regardless of background, in line with our commitment to diversity, equality and inclusion.
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