Job Status: open

Position Title: Executive Treasury

Position Based In: Karachi - Pakistan 

Employer / Client’s Detail: Leading Steel Manufacturing Company

Gender: Equal Opportunity Employer

Professional Qualification: ACCA/ICAEW (Finalist)/B.Com.

Professional Experience: 10 Years (Finance & Accounts)

Job Descriptions / Responsibilities:

• Prepare daily cash position and receipt & payments forecast and circulate to the management.
• Sourcing, management and presentation of data for Treasury Committee meetings of the company.
• Negotiation of borrowing rates from all the banks of the company.
• Management of fund flow and liquidity requirements of the company.
• Optimum utilization of funds to reduce the borrowing costs of the company.
• Implementation, facilitation and review of cash management systems deployed by the company through various banks.
• Coordination and communication with banks to fulfill the banking requirements of the company.
• Preparation of hypothecation statements and circulate it to all banks of the company.
• Recording and reporting of markup expense of the company in Oracle & recording interbank fund transfers of the company in Oracle.
• Monthly reporting on borrowing cost of the company.
• Preparation of cash flow forecasts of the company at least monthly or when required by management.
• Preparation of financial charges forecasts of the company at least monthly or when required by management.
• Provide assistance in relevant disclosures for statutory and management accounts of the company.
• Provide data for Treasury related activities for Directors Report on quarterly basis.
• Variance analysis of financial charges of the company with budget and forecasts.
• Prepare monthly exchange gain/ loss on forward contracts & prepare and facilitate banking arrangement letters for the company.
• Coordinating with banks for Loan Maturities on regular basis.
• Customer deposit confirmation from all banks of the company.
• Coordinate with the external and internal auditors for reviews and audits.
• Markup payments for STF Financing & Calculation of Accruals of Markup and its reconciliation.
• Preparation of Finance Cost Sheet for the month & Carry out any other duty as and when assigned by management.