Act as the focal point of contact between financial institutions (Banks, leasing companies, Mortgagee companies .....) and MUs and FSS in Treasury related matters.
Support Treasury Manager in rolling out PEP Treasury policies and procedures for Egypt.
Play an active role in SAP optimization for the cash & banks area.
In charge of preparing Egypt Treasury reports.
Evaluate funding needs for all Egypt MUs and propose optimum funding structure for each taking into consideration various Tax/Treasury/Control parameters
Actively monitor material non-functional currency exposure and report on regular basis
Plays an active role in Egypt cash management activities and Continuously leverage PEP banking groups to support working capital management. Take care of communication & day to day operations
In charge of preparing/coordinating audit requirements related to Treasure
Key Accountabilities:
Coordinates cash pick up activities for MUs; communicate with service providers, banks and MUs to ensure efficient cash pick process (covering 56 DCs, coordinating an average daily collection volume of EGP 24Million daily).
Conduct annual review of collection process to ensure best pricing and value date.
In charge of the day to day communication with banks to solve daily issues and support in resolving un-reconciled items (Dealing with four banks).
In charge of preparing monthly cashflow forecast for each MU.
In charge of maintaining Treasury data base; bank reconciliations, intr exp calculation, bank charges, ....).
Review advance payment guarantees.
Review import Letters of Credit.
Support export business for Egypt; review export Letters of Credit and coordinate with Treasury Manager bank approvals.
Coordinates FX transaction execution after obtaining the necessary approvals (annual FX volume of around $200Million).
Generate daily/weekly/monthly Treasury reports of key indicators as per MU/BU, region and Corporate Treasury requirements.
Give support to MU Controllers with respect to long un-reconciled items at banks to be resolved on timely basis (Dealing with four banks and 24 account)..
Negotiate with banks commission and fees (4 banks)
Request bank confirmations based on PI policy and external audit requirements
Good understanding of the finance markets particularly how the credit and FX markets function.
Good understanding of the banking environment and knowledge of key financial applications including, Hyperion, Treasury Management System, Treasury Vision....
Good understanding of PEP operations to ensure Treasury can add value to enhance the daily operations in the area of cash management, supplier financing, .....etc.
Good accounting background and knowledge of SAP application.
Language Skills: Fluent in English and Arabic.
Relocation Eligible: Not ApplicableJob Type: Regular
