Senior Accountant Treasury & Cash
Abu Dhabi, UAE
Basic Function:
• Transactional responsibility for the activities of Treasury Section.
• Maintain control all cash/bank transactions, and reconciles cash and bank ledgers, preparation of short term cash flow forecasts, Cash calls, Payment Runs, buying and selling for currencies and various cash Management functions.
Worked Performed:
• Operates the Company's bank accounts ensuring effective cash management and compliance with the Company's regulations governing credit limits and risks.
• Maintain the reconciliation of the Company records with bank statements on regular basis, and ensures all outstanding items are resolved with the banks concerned with regular follow up.
• Maintenance and recording of foreign exchange transaction. Coordination with bank on foreign exchange rates and their maintenance in the company ERP system
• Buying and selling of foreign currencies to ensure economical rates to meet the cash requirements of foreign currencies.
• Obtains information from various sources to compile monthly and annual cash-flow forecast, with assistance on developing cash call to Joint Venture Partners. Regularly monitors cash flow forecast in order to update and analyses variance between forecast and actual performance.
• Operates Company Impress Accounts (petty cash funds) being administered by Finance Division and other divisions of the Company such as general services, human resources, and public relations, etc.
• Administers the preparation of monthly Cash Calls to ensure adequate funds are available to meet day to day demand and ensure optimal level of cash available.
• Initiate Payment Runs/batch relating to payments to Vendors and employees in addition to payments relating to off-cycle and monthly Payroll payments.
• Co-ordinate with account payable for ensuring availability of necessary funds for monthly payment cycles
• Maintains all Company received and issued bank guarantees, performance bonds and/or advance payment guarantees and initiates the required register of control. Monitors timely extension and release of bank guarantees.
• Ensures availability of all data relating to monthly treasury report and management report.
• Performs other related or similar duties as assigned.
• Provides opportunities for training and development of employees under his direction (with emphasis on UAE Nationals) and assesses their progress, this includes on-the-job training, counseling and proper work delegation.
Minimum Requirements:
• Bachelor in Accountancy or equivalent with a Professional certificate.
• 6 years’ experience in accounting work preferably related to computerized accounting systems in large organization.
• Good knowledge of written and spoken English.
Kindly send your updated CV to fivecont@emirates.net.ae and mention in the subject the position you are applying for or click here to apply.
