Treasury Manager - Jobs in Kuwait City, Kuwait

Job Description

(Job description)Cash management Oversee forecast cash flow positions, related borrowing needs and funds available for investment Ensure sufficient funds are available to meet ongoing operational and capital investment requirements Advise management on the liquidity aspects of its short- and long-range planning Oversee daily cash positioning activities including managing daily liquidity, cash position reconciliation and bank reporting Develop cash targets to support efficient liquidity management. Monthly cash flow comparison report with Actual vs Budget. Rollover cash budget for 12 monthsCredit Facilities and Finance Cost Preparation Knowledge of type of credit facilities (ST/MT/TL) available from Bank, additional Islamic finance products for facilities. Negotiation skills on bank spread rate and other charges. To develop facilities tracker to maintain and record all loan and their calculations as per bank and loan facilities. To monitor financial covenants To Review Facility contract and renewal process Risk management

• Develop and lead hedging procedures to mitigate risk from currency and interest rate fluctuation by applying advanced hedging strategies.
• Ctmthng bvMaintain broker database for trade clearance and counterparty risk
• Develop and enforce strong internal controls and financial management policies
• Managing counterparty risk by creating careful and considered policies regarding investments and deposits.
• Direct the FX exposure management through cash flow, balance sheet and net investment hedging programs
• Manage FX and interest-rate risk
• Detail knowledge of hedging program and implementation with company policy

Trade Finance (Letter of Credit and Bank Guarantees)

• Monitoring and managing bank relationships and liquidity management, Co-ordinate, and liaising with bank on the companys trade facilities.
• Manage the financial instruments (cash and derivative)
• Manage large number of L/C transactions, including the issuance, amendment, and acceptance of L/C.
• LC documentation through online i.e. Bank portal for same functions (Issuance/ Amendment/ Acceptance)
• Liaise closely with colleagues on the LC issuance and financing (i.e. preparing Letter of Credit format for their issuance).
• Ensure all work, transaction and process procedures, practices and service delivery standards are following regulatory and internal requirements
• Knowledge of Bank Guarantees and to know different types of guarantees which support to business operation. Finance Guarantees including Corporate Guarantees.

SAP ERP SYSTEM and TMS (Treasury Management System) Kyriba/FIS

• The automation of important financial operations using systems which facilitates communication between treasury departments and their banking partners.
• SAP treasury module implementation (LC flow through the system, cash flow, live cash flow position, payments process and bank reconciliation)
• The TMS knowledge and implementation of Treasury functions into the system I.e., Bank Account Management, Signatory Matrix, Debt Management and Cash Management.
• Technical information related to Bank swift i.e. (MT940/MT942). To integrate the system with bank and TMS.
• To prepare SOPs for each module as per implementation.

Qualifications / RequirementsKnowledge and Experience 8 to 10 years of experience in Finance & Treasury, with at least 4 years of experience in a Managerial position Education and Certifications

• A Bachelors Degree in Banking & Finance or Professional Certificate in treasury/cash management (preferred)
• Experience on SAP ERP system for treasury functions is a must.

Keyskills :
Sops treasury functions counterparty risk Trade Finance credit facilities Tms Cash Management Risk management

About Company

INSPIRE | EXHILARATE | DELIGHT For over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty, fashion, and art de vivre categories. More recently, the Group expanded its expertise into new categories of luxury watches, jewellery, and eyewear. Every step at Chalhoub Group is taken with the customer at heart. Be it constantly reinventing itself or focusing on innovation to provide luxury experiences at over 750+ experiential retail stores, online and through mobile apps, each touch point leads to delighting the customer. Today, Chalhoub Group stands for 14,000 skilled and talented professionals across seven countries, whose cohesive efforts have resulted in the Group being ranked third in the Middle East and first in Saudi Arabia as a Great Place to Work®. To keep the innovation journey going, the Group has set up "The Greenhouse", which is not just an innovation hub, but also an incubator space and accelerator for start-ups and small businesses in the region and internationally. This is just one of the several initiatives taken by the Group to reinvent itself, catalysed by forward thinking and future-proofing. The Group has also been embedding sustainability at the core of its business strategy with a clear commitment towards people, partners and the planet, and by being a member of the United Nations Global Compact Community and signatory of the Womens Empowerment Principles.