Treasury Executive

Dubai, United Arab Emirates

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Job Description

The Treasury Administrator plays a crucial role in managing the organization's daily cash flow and payment functions to ensure timely and accurate transaction processing. This position requires meticulous attention to detail and a good understanding of financial principles related to cash management, bank reconciliations, and electronic fund transfers
Key Responsibilities:

Electronic Fund Transfers: Execute and verify manual and electronic fund transfers, ensuring all transactions comply with internal controls.
Intercompany Transfers: Manage and record all intercompany cash movements, including necessary reconciliations and documentation.
Cheque Management: Handle tasks related to cheque warehousing requests, bounced cheque reports and follow-ups, including maintaining and updating cheque details in the system.
Bank Communications: Responsible for reviewing and confirming bank details, processing bank letter requests, and maintaining up-to-date contact details for all banking operations, Annual KYC Review, sending updated/renewed Trade License.
Financial Reporting: Assist in generating tax invoices, managing Cheque warehousing charges, and preparing ad-hoc payment requests for utilities, real estate, and other critical payments.
Payment Processing: Support the Payment Factory functions by preparing and executing payment runs, updating cheque registers, and ensuring compliance with payment schedules.
Record Keeping: Maintain accurate records of all transactions and communications related to the treasury functions.
Act as back up for the cash team in dealing with daily funding and reporting activities and Bank Account Opening

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Treasury Executive in Dubai - United Arab Emirates (UAE)

Experience: 2 - 3 yrs. | Opening: 1
Education:Bachelor of Commerce, Bachelor of Business Administration, Bachelor of Arts, MBA/PG Diploma in Business Mgmt(Finance), Chartered Financial Analyst(Finance)
Nationality: Any Nationality
Industry Type:General Trading / Export / Import
Salary: AED 8,000 - 9,000 ($2,161 - $2,431)
Functional Area:Finance / Treasury Apr 24,2024

Job Overview: The Treasury Administrator plays a crucial role in managing the organization's daily cash flow and payment functions to ensure timely and accurate transaction processing. This position requires meticulous attention to detail and a good understanding of financial principles related to cash management, bank reconciliations, and electronic fund transfers
Key Responsibilities:

Electronic Fund Transfers: Execute and verify manual and electronic fund transfers, ensuring all transactions comply with internal controls.
Intercompany Transfers: Manage and record all intercompany cash movements, including necessary reconciliations and documentation.
Cheque Management: Handle tasks related to cheque warehousing requests, bounced cheque reports and follow-ups, including maintaining and updating cheque details in the system.
Bank Communications: Responsible for reviewing and confirming bank details, processing bank letter requests, and maintaining up-to-date contact details for all banking operations, Annual KYC Review, sending updated/renewed Trade License.
Financial Reporting: Assist in generating tax invoices, managing Cheque warehousing charges, and preparing ad-hoc payment requests for utilities, real estate, and other critical payments.
Payment Processing: Support the Payment Factory functions by preparing and executing payment runs, updating cheque registers, and ensuring compliance with payment schedules.
Record Keeping: Maintain accurate records of all transactions and communications related to the treasury functions.
Act as back up for the cash team in dealing with daily funding and reporting activities and Bank Account Opening

Desired Candidate Profile

Qualifications:

Bachelors degree in Finance, Accounting, or related field.
At least 2 years of experience in a treasury or finance role, preferably in a corporate setting.
Proficiency in financial software and systems, such as SAP and Quantum.
Strong organizational skills and the ability to manage multiple tasks simultaneously.
Strong Excel skills needed to handle large amounts of data

Keyword: Treasury,Finance,Intercompany Accountant

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