• Manage the adoption and utilization of systems and ERP in the treasury function.
• Monitor daily cash balances and forecasts to ensure liquidity.
• Optimize cash flow through effective cash management strategies.
• Prepare weekly and monthly cash flow reports.
• Manage the day-to-day responsibilities of the team in accordance with the company’s policies and procedures and meeting the approved budget.
• Manage timely execution of authorized payments for corporate functions and projects.
• Manage and control all treasury operational aspects to ensure efficiency and speed of execution and monitor collections with continuous follow up and updated related reports.
• Ensure that all transaction processing is in compliance with regulatory and bank policies and requirements, and intervenes promptly to resolve problems and concern areas and implement control measures.
• Manage relationships with banks and financial institutions.
• Negotiate terms for banking services and financing arrangements.
• Monitors the use of credit facilities granted to SISCO in order to minimize costs.
• Reviews reports on the credit facilities, and highlight the needed actions.
• Propose to the CFO any necessary amendment (such as increase / decrease in credit limits) upon renewal of banking facilities.
• Monitor settlements of LCs maturities and review LC and LG applications.
• Prepare and present regular (weekly/monthly) reports on cash management, cash flow forecasting, investments, and risk exposure to the CFO and senior management.
• Ensure compliance with financial regulations and internal controls.
• Maintain accurate records of all treasury activities.
• Manages opening and closing of accounts.
• Reviews and issues reports on the insurance policies and highlights the needed actions.
• Oversee short-term and long-term investment portfolios.
• Analyze investment performance and recommend adjustments as necessary.
• Collaborate with external advisors on investment strategies.
• Proposes to CFO any necessary amendment to existing insurance policies.
• Identify and analyze financial risks related to currency, interest rates, and investments.
• Develop and implement strategies to mitigate financial risks.
• Ensure compliance with relevant regulations and internal policies.
• Supervise and mentor treasury staff.
• Foster a collaborative team environment to achieve departmental goals.
• Provide training on treasury operations and best practices.