UAE National_Treasury Accountant | Corporate Services | Dubai

2.00 to 5.00 Years Dubai, United Arab Emirates 29 Dec, 2021

About the RoleAs a member of Automotive Treasury team, you will be supporting the Automotive Business Units on the following:

Daily Liquidity Management of Automotive entities
Loan operations which include drawdown, settlements, roll overs of loans post review of cash flow
Forex booking based on agreed hedging strategy & recording, computing swaps & tracking hedge v/s unhedged positions.
Trade finance documentation review & issuance and Liasoning with business and banks
Accounting journals for all treasury related transactions
Month end closing activities and audit?
Treasury related project support

?About the ResposnisibilitiesDaily Liquidity management:

Preparation / review of daily liquidity report and managing the funds to ensure bank accounts are adequately funded to meet all payment obligations (salaries, customs, Vendor payments etc), Forex, Loans & other treasury settlements
Preparation of all transfer letters manually / online in a timely manner to manage the funds appropriately.

?Loan Operations:

To Support FM ? Treasury in reviewing the loans portfolio for taking decisions on loan settlements, drawdown, roll overs.
To support FM ? Treasury in taking decision on internal loans & deposit portfolio.
Preparation of /drawdown / settlement / rollover / pre-settlement request letters in a timely manner either manually / online and getting it approved for execution.
Preparation of deposit requests to group treasury / banks.
Tracking and updating all loan schedules and ensuring loans are drawn within the banking agreed facilities and the agreed interest rates.

?Forex booking:

Ensuring that Forex orders are raised with group treasury in accordance with the hedge policy and hedging strategy.
Tracking all Forex orders, hedge & unhedged positions
Accounting for all Forex utilization and computation of Swap gains / losses.

?Trade Finance instruments review & issuance:

Ensuring that requests received from business to issue trade finance instruments (Letter of credits, Advance payment guarantees, bid bonds, retention bonds, Stand by Letter of Credits etc) are reviewed, approved in accordance with DOA and issued in a timely manner.?
Preparation & Review of all export letter of credit documentation to ensure it is in line with the terms of LC.
Preparation of LC discounting documents to discount and receive payment in a timely manner.
Preparation of monthly report on all outstanding guarantees & LCs and sending to business for closure of outstanding guarantees.

?Accounting & Audit:

Ensuring that all treasury related transactions (Loans, liquidity, Forex, Trade finance, charges & Interests) are accounted in a timely manner.
Ensuring all month end treasury activities of reconciliations, treasury schedules, audit schedules are prepared in a timely manner.

?Project Support:

To support FM ? Treasury in all treasury related projects (Treasury & Risk Management, Cash Management & Automation initiatives)

Keyskills :

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