Job Description

We are looking for an Accountant cum Cashier who will oversee the organization's treasury operations, including cash management, forecasting, liquidity management, financial risk analysis, and banking relationships. This role ensures that the fashion retail business maintains sufficient liquidity, minimizes financial risk, and optimizes the use of financial resources. The position requires strong analytical skills, attention to detail, and knowledge of treasury and cash management in the retail industry.

Key Responsibilities:

• Monitor daily cash positions across various accounts, ensuring the company has enough liquidity to meet daily operational needs.
• Manage cash flow forecasts, working closely with other departments (e.g., accounts payable and receivable) to predict cash inflows and outflows.
• Optimize the company's cash reserves and ensure appropriate allocation of funds to meet immediate financial obligations while maximizing returns on excess cash.
• Manage relationships with banking partners, financial institutions, and credit providers to negotiate favorable terms for loans, credit lines, and other financial products.
• Oversee bank accounts, ensuring that all transactions are recorded accurately and reconciled regularly.
• Ensure the company has sufficient liquidity to support ongoing operations, investments, and any necessary capital expenditures.
• Develop strategies to optimize working capital management, including managing short-term funding requirements and seasonal cash flow fluctuations typical in retail.
• Ensure compliance with internal policies and external regulations regarding financial transactions and investments.
• Prepare accurate and timely cash flow reports, forecasts, and financial models to help senior management make informed decisions regarding financial planning.
• Provide regular updates on cash position, treasury activities, and any emerging financial risks.
• Ensure compliance with local, state, and federal financial regulations, including treasury regulations and tax laws.
• Prepare and submit necessary treasury reports to senior management, the finance department, and external auditors as required.
• Assist with external audits by providing relevant treasury data and documentation.
• Collaborate with the retail operations and merchandising teams to understand the cash requirements related to inventory purchases, sales seasonality, and supply chain needs.

Qualifications:

• Bachelor's degree in Finance, Accounting, Economics, or related field.
• 5-7 years of experience in treasury or finance
• Experience with cash flow management, financial analysis, and risk management is essential.
• Knowledge of the retail industry's financial cycle, including inventory financing, seasonal sales fluctuations, and supply chain funding.
• Strong understanding of financial regulations in GCC countries

Job Type: Full-time

Pay: AED4,000.00 - AED6,000.00 per month

Application Question(s):

• Visa status & validity
• How much is your expected salary?

Experience:

• Fashion Retail: 3 years (Required)