Roles & Responsibilities :
1. Cash and Bank Management
- Monitor daily bank balances across multiple company bank accounts and currencies to ensure sufficient funds are available for business operations.
- Review daily bank transactions, deposits, withdrawals, transfers, and other financial activities.
- Reconcile bank balances with internal accounting records and investigate any discrepancies.
- Coordinate with banks regarding account-related matters, transactions, statements, and banking services.
- Monitor cash positions and ensure proper allocation of funds across different company accounts.
2. Cash Flow Management and Forecasting
- Prepare and maintain daily, weekly, and monthly cash flow reports to ensure adequate working capital.
- Monitor incoming and outgoing cash flows, including customer collections, supplier payments, payroll, and operational expenses.
- Forecast short-term cash requirements and highlight potential cash shortages or excess balances.
- Coordinate with Finance and Accounts teams to ensure timely availability of funds for business requirements.
- Identify opportunities to improve cash flow management and optimize the utilization of available funds.
3. Treasury Operations
- Manage daily treasury activities, including bank transfers, fund allocations, cash deposits, and payment processing.
- Ensure timely execution of approved payments and fund transfers across company bank accounts.
- Monitor foreign currency balances and transactions and assist in managing currency-related requirements.
- Maintain accurate records of treasury transactions and ensure proper documentation for audit purposes.
- Support the Finance Manager in managing banking relationships and evaluating banking service requirements.
4. Compliance and Internal Controls
- Ensure all treasury activities comply with company policies, internal financial controls, and applicable UAE regulatory requirements.
- Follow established approval procedures for bank transfers, payments, and other financial transactions.
- Maintain proper authorization and supporting documentation for all treasury activities.
- Identify and report unusual transactions, financial discrepancies, or potential risks to the Finance Manager.
- Support internal and external audits by providing required bank records, reconciliations, and treasury reports.
5. Reporting and Coordination
- Prepare regular treasury reports covering bank balances, cash positions, fund movements, and cash flow forecasts.
- Provide accurate financial information to management to support cash management and business decisions.
- Coordinate with Accounts Payable, Accounts Receivable, Payroll, and other departments to ensure smooth financial operations.
- Maintain organized records of bank statements, payment confirmations, and treasury-related documents.
- Perform other finance-related and ad-hoc duties as assigned by the reporting manager.
Education and Experience Requirements
- Bachelor's degree or diploma in Accounting, Finance, Banking, or a related field.
- Minimum 3–5 years of relevant experience in treasury, cash management, or banking operations, preferably within the retail sector in the UAE.
- Good knowledge of banking operations, cash flow management, bank reconciliations, and financial reporting.
- Proficiency in Microsoft Excel, including financial reporting and data analysis, and experience with accounting software or ERP systems.
- Familiarity with UAE banking procedures and applicable financial compliance requirements.
- Strong numerical, analytical, and problem-solving skills with high attention to detail.
- Ability to manage multiple bank accounts, transactions, and financial deadlines accurately.
- Good communication, coordination, and organizational skills.
- Ability to handle confidential financial information with integrity and professionalism.
