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VAC4374 - Senior Manager/ Manager - Group Treasury

Secteur Group Treasury
Lieu Dubai, U.A.E.
Département DPW FZE DUBAI PORT INTL
Date de Fermeture 12-Nov-2019
About the Business

DP World is a leading enabler of global trade and an integral part of the supply chain. We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.

We have a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has long-lasting impact on economies and society and creates a better future for everyone.

Our dedicated team of over 37,000 employees from 110 countries cultivate long-standing relationships with governments, shipping lines importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow.

We make sure cargo keeps moving so people have the things they need, when they need them, helping economies grow and nations prosper. It’s an important job, and one that requires smart, proud, passionate people working all across the world – people who are not afraid to innovate and find new ways of driving our business forward. We foster a culture of collaboration, innovation and respect. Our global workforce is made up of 45,000 people with over 110 different nationalities who bring their experience and expertise together, allowing us to be a global leader.

By thinking ahead, foreseeing change and innovation we aim to create the most productive, efficient and safe trade solutions globally.

 

About the Role
  • Liaise with local and Group finance function to ensure financing, risk management and liquidity management transactions are fully understood and reported correctly.
  • Monitor cash position and conduct treasury transactions as required
  • Ensure compliance with Treasury policy and applicable accounting standards
  • Provide support to the treasury and regional teams in financing transactions

 

Key Accountabilities
  • Oversee the activities of the Assistant Manager Group Treasury and manage the tasks in the Assistant Manager’s absence
  • Enter into FX transactions with banks as per authority levels delegated by the Director, Group Treasury
  • Negotiate guarantee lines, with appropriate assistance from the legal team, with lenders and monitor the usage of these lines.
  • Ascertain the best usage of the guarantee lines based on the location to which the guarantee has to be issued and the charges associated thereof.
  • Review bank guarantees/bonds received from suppliers for compliance with standards and review counterparty credit limits against Treasury policy.
  • Manage intercompany loans and ensure appropriate agreements are put in place in coordination with the legal and tax functions.
  • Co-ordinate with the regional offices for new intercompany facilities and ensuring compliance with the terms of existing facilities
  • Monitor the cash position in various locations and ensure excess funds are paid up as dividends or used to manage funding requirements in the most tax efficient manner.
  • Assist group companies in understanding their hedging requirements and helping in putting hedges in place.
  • Ensure implementation and adherence to Treasury Policy at a Group, subsidiary and associate level companies.
  • Assist in preparation of the monthly CFO treasury report, including commentary on market conditions and expectations.
  • Ensure bank relationship summaries are recorded and up to date.
  • Reporting of cash balances and debt position.
  • Producing quarterly liquidity return information for rating agencies.
  • Prepare half year and year end accounting schedules for reporting purposes on treasury transactions at the Group as well as Terminal levels.
  • Collaborate with the auditors to ensure correct accounting of treasury transactions and put in place appropriate documentation to assist group companies with their accounting of treasury transactions.
  • Liaise with external, government and internal auditors with their queries on treasury transactions.
  • Liaise with the Management Accounting team during the annual budgeting exercise to ensure group cash flows are aligned with requirements and the corporate funding plan
  • Update and monitor the group funding plan on a quarterly basis and understand the reasons for variances against budgets and earlier reforecasts.
  • Applicable if role has direct reports - responsible for the management and leadership of an engaged team, promoting collaboration and ensuring that each is developed and evaluated against goals and objectives which are aligned, specific, measurable, attainable yet challenging, realistic and time bound.
  • Act as an ambassador for DP World at all times when working; promoting and demonstrating positive behaviours in harmony with DP World’s Founder’s Principles, values and culture; ensuring the highest level of safety is applied in all activities; understanding and following DP World’s Code of Conduct and Ethics policies
  • Perform other related duties as assigned 

 

Qualifications and Experience

In order to give credible support to the organisation and be successful in this role, the ideal candidate will have the following:

  • Bachelor degree in the finance field
  • Professional qualification in finance/treasury
  • Minimum of 7 years post professional qualification experience in an accounting/finance function including a minimum of 4 years practical treasury experience dealing in money market instruments, spot and forward foreign exchange, interest swaps, cross currency swaps and commodity swaps.
  • Strong understanding and proven application of IFRS with practical experience within the accounting function at a senior level
  • Good general understanding of financial markets and ability to advise DPW Group employees on related treasury issues.
  • Strong computer skills with specific knowledge of Word, Excel, relational databases, Bloomberg / Reuters and any Treasury Management Systems.
  • Excellent communication and negotiation skills with prior experience in documentation of financing agreements.
  • Effective presentation skills
  • Broad range of treasury experience gained either from within a bank or large multinational treasury department. 

 

Other Information

The employment benefits package is reflective of the location for this position.

 

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