We need a SENIOR OFFICER - TREASURY,
JOB PURPOSE
Ensure that the Company has access to funds it requires from Banks at the best rate and at lower cost. Also to ensure that Gulf Air's financial assets are soundly managed and adequately protected and idle funds minimized, negotiation and control of long and short-term debt.
Procedures for the safeguarding and efficient use of Gulf Air's financial resources, including authority limits, receipts, payments and cash flow planning and control.Repatriating surplus cash from Sales Collections bank accounts.
Design, implement and maintain each cash management system in order to plan and monitor Gulf Air's multi-currency cash balances.
Assist in planning and controlling use of the financial assets of Gulf Air according to the policies and procedures of the Company.
Obtain competitive line of credit be it Overdraft or Letters of Credit.
Meet the liabilities of the Company as they fall due, including long term and short-term loan repayment and aircraft leases expenses and meet the Headquarters payroll liability.
Review of multi-currency balances at different locations and supervisors and directs the sales and purchase deals to cover surplus/shortages.
Ensure that a healthy working relationship exists with Financial Institutions by supplying information and answering queries.
Assist in preparation of the annual Budget for the Company.
Assist the External Auditors and Internal Audit as required.
Exercise effective management of the section's staff in terms of selecting, training, motivating, evaluating and discipline of sub-ordinates in appropriate liaison with personnel function.
Maintaining and controlling all test keys between GF and its banking correspondence.
Controlling & posting the daily Treasury required GL entries for payments, receipts, deposits, FX & outstation transfers.
Reconciling outstation/Treasury suspense & loan accounts every end of month.
Bachelor's degree in Finance, accounting or equivalent.
Minimum of 2 years of relevant experienceSome exposure in the Airline industry is desirable.
DETAILS TO REGISTER FOR THIS JOB:
https://gulfairgroup.sniperhire.net/Vacancy/175332?ChannelID=3112
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