Treasury Manager - For Jordanians only- ( Energy , Jordan )

• Posting Date: 21/05/2019
• Ref: 962067
• Position: Treasury Manager - For Jordanians only- ( Energy , Jordan )
• Location: Jordan
• City: Amman
• Sector: Industrial & Power Sector
• Years of Experience 10 plus
• Qualification: BA
• Salary: Attractive
• Workdays:
• Description:
  1. Treasury Operations
     1. Initiating payments, and daily reconciliation of payments, bank charges/fees. Maintain systems for accuracy and per Policy.
     2. Preparing the payment proposal in SAP system.
     3. Ensure Treasury management system data is accurate, and investigate and correct irregularities.
     4. Manage bank accounts (opening, closing, online payment systems, bank pricing, direct debits) and propose implements in utilization of accounts
     5. Credit cards - responsible for credit card holder set up, cancelation, posting credit card payments to the bank, and policy adherence.
     6. Preparing & parking bank interest income, loan interest (including IRS) and commitment fees journals, and other Treasury transactions.
     7. Implementation of online service with onshore banks and use all possible automation solution.

  1. Implementation of ERP (SAP) automation
  2. Daily communication with onshore and offshore banks
  3. Support the month/Qtr end close process to ensure all deadlines are met and produce month/Qtr end close reporting as specified by internal policies and procedures

  1. Routine Debt Compliance
     1. Read and understand reporting requirements in loan documents
     2. Understand compliance requirements and lead local efforts (including internal investigations and drafting responses to lender inquiries)
     3. Identify potential upcoming breaches in loan documents and recommend a solution
     4. Maintain and update Project Finance / Bank financial model to calculate the covenant ratios
     6. Develop strong working relationships with lenders
     7. Maintain and improve the Treasury debt database.
     8. Maintain and improve Treasury tickler
     9. Support the month/Qtr end close process to ensure all deadlines are met, and produce month/Qtr end close reporting as specified by common term agreement with lenders.

  1. Short-term cash forecasting and actuals comparison
     1. Liquidity – Take steps to ensure sufficient liquidity at our businesses

  i.Prepare accurate, reliable and timely cash flow forecasts (weekly)

  ii.Manage monthly funding

  iii.Drive improvements in the cash flow forecasting process

  iv.Develop working capital management processes for the businesses

  v.Drive investment decisions for surplus funds, in line with internal policies and finance agreements.

  1. Other
     1. Support internal and external Finance and Tax audit, provide information to auditors
     2. Support internal optimization projects
     3. Drive Treasury standardization and improvement initiatives
     4. Maintain Treasury policies and procedures that adequately control treasury activities
     5. Prepare Treasury budget

  Required Experience

  • Undergraduate degree with emphasis in finance, accounting, business administration, or relevant graduate degree
  • 5+ years’ experience in a corporate and international Treasury environment with great understanding of derivatives, hedging, investments, bank account management, project financing and international funds flows
  • Experience of financial control and budgeting
  • Financial modeling skills
  • Proficient with MS Office, excel, SAP. Any treasury systems (TWS, Sungard) experience will be considered as an advantage
  • Prior exposure to internal control environment and adherence to policies and procedures
  • Ability to work effectively without constant supervision / direction
  • Strong analytical with excellent communication and interpersonal skills.
  • Details oriented, organized and proactive
  • Ability to work in a multicultural environment
  More