Treasury Manager – GCC Countries

Tasks and Responsibilities

Cash flow management and Liquidity Support

• Collect, validate and consolidate periodical cash flow data from subsidiaries
• Highlight (after cashflow reviews) any needs for internal or external financing
• Monitor daily/ weekly liquidity positions and highlight shortfalls or excess cash for cash pooling

Banking Operations & Transactions

• Review payment processes and files and ensure proper approvals according to internal controls
• Liaise with banks for escalations on transaction processing, documentation, and issue resolution
• Track and follow up on Letters of Guarantees and Leases issued in favor of third party.
• Maintain updated records of bank accounts, signatories, and mandates
• Review bank matrices and highlight required changes
• Online Banking Administration of user entitlements and up-to-date matrices
• Administration of Evolve FX portal for managing onshore FX deals
• Semi-annual bank inventory review with all subsidiaries and JVs of the GCC
• Support on Credit facilities annual renewals
• Support banks on the annual KYC renewals and due diligence inquiries
• Support in Bank onboarding and activations
• Purchasing cards administration/ and regular update of Purchasing cards memo
• Assist in managing SWIFT/ SCORE portal

Treasury Administration

• Maintain accurate treasury databases, reports, and dashboards
• Liaise with legal department to maintain an updated record of all subsidiaries POAs and bank resolutions
• Monthly review of all requested treasury reporting (TRESO, FX, FACT, Off Balance Sheet etc..)
• Access to Quantum Transactions and reports for all GCC entities, and DDA management
• Support the TMS deployment in the GCC entities.
• Monitor Saint-Gobain’s entities in the GCC foreign exchange exposures and streamline exchange risk by hedging the exposures in line with company policy.
• Ensure Mark-to-market accounting entries are booked monthly for all DTF hedging deals and annually for FX deals booked with external banks
• Monitor the reverse factoring transactions and ensure compliance with the approved limits by the DTF.
• Liaise with procurement to develop and expand the sustainable supply chain finance program
• Assist in managing the procedure and the flow of dividends distribution.
• Ensure all treasury activities comply with Local banking regulations across GCC countries and Group treasury policies and procedures
• Support internal/external audits by providing required treasury data
• Coordinate with SSC as needed
• Support on the annual Review of Treasury Policies (Main treasury management policy, petty cash policy, purchasing cards policy etc..)
• Participate in the preparation of the annual financial plan presentation.

Insurance Management

• Track and follow up local issuance and settlement of renewed global insurance programs (PDBI/ CGL/ EIL/ D&O and other applicable programs)
• Maintain an updated record of all local policies for EMME entities
• Support in the management of the annual insurance data collection campaigns (review of sites and declared sums insured)
• Support in the review of the premium allocation by program and share with EMME CFOs the budgeted premiums by the DRA
• Administration of the Webrisk portal (inhouse insurance portal)
• Follow up on regional construction/ erection projects to initiate CAR policies
• Support operating companies with issuing local money, marine, auto, WC/ El Workmen Compensation & Employer’s Liability if needed
• Assist on the annual evaluation of local MARSH (Global brokers) relationship (Turkey/ Saudi/ Egypt/ UAE/ Qatar) and KYC-update management for local insurers by program
• Request Certificates of Coverage on behalf of entities from SG broker as needed
• Assist in claim management (data collection and communication with insurers)

Qualifications

• Bachelor’s degree in business administration or Equivalent Degree.
• Professional qualification in accounting, e.g. CTP, CPA, CMA or CFA is a plus
• Minimum 8 years of experience in similar and Treasury function.
• Working knowledge of accounting principles, cash management, banking, and financial instruments and general and specific laws, rules and regulations and policies governing financial practices.
• Good Command of English (French is a plus).
• Experience working with TMS, ERP systems and Excel.
• Strong attention to detail and accuracy
• Good analytical and organizational skills
• Ability to manage multiple tasks and meet deadlines
• Strong communication and coordination skills
• High level of integrity and confidentiality
• Ability to work in a team environment and have a proactive attitude