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Treasury Officer

2.00 to 6.00 Years   Al Kuwait, Kuwait   25 Oct, 2022
Beyout Investment Group
1 Jobs Openings
Job LocationAl Kuwait, Kuwait
EducationNot Mentioned
SalaryNot Mentioned
IndustryInvestment, Securities & Funds
Functional AreaNot Mentioned

Job Description

Position Purpose (Scope):The role of a treasury officer is to manage the financial resources of the company. This includes tasks such as cash management, investment planning, and risk management.Also, his duties include budget planning, financial reporting, record-keeping, and managing incoming and outgoing funds.Tasks, duties and responsibilities (TDR):Below is a list of material responsibilities and essentials duties which must be completed to achieve the objectives of this position.

  • Managing credit facilities contracts
  • Follow up on the banking transaction processes
  • Preparing corporate treasury reports and update the related weekly/monthly reports and handling the Facilities Management System
  • Insure that all finance requests are tally with the budget
  • Allocates finance cost among the subsidiaries
  • Providing and updating dues reports for all subsidiaries regularly.
  • Following up the banks installments for BIG and its subsidiaries to assure ?no past dues? and recommend & proceed the required actions to transfer cash among BIG treasury banks? accounts.
  • Hedging activities: negotiating for better rates, paying early and save banking costs.
  • Reconciles financial discrepancies by collecting and analyzing account information.
  • Preparation of LGs and LCs applications on time. In addition, following up with BIG treasury internal and external clients to assure the high quality services.
  • Cash management: insure the payment and settlement of all dues on time by proper communication and planning with subsidiaries.
  • Issuing of LCs taking in consideration all related terms, conditions, and trading rules and incoterms (FOB, CIF, etc...).
  • Secures financial information and banking transactions.
  • Knowing of KYC, Ci-net and related banking forms and opening new accounts.
  • Assist in the processing of balance sheets, income statements, cash flow budgeting for BIG holding and its subsidiaries and other financial statements according to legal and group accounting and financial guidelines.
Assist in the preparation of monthly/yearly closings.

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