Manager – Treasury (Head of Treasury) - Karachi
Job Status: open
We, Executive Search Worldwide are inquest of suitable candidates for Manager – Treasury (Head of Treasury) for one of our clients.
Position Title: Manager – Treasury (Head of Treasury)
Position Based In: Karachi - Pakistan
Employer / Client’s Detail: Leading Steel Manufacturing Company
Gender: Equal Opportunity Employer
Professional Qualification: CA qualified
Professional Experience: 6-8 years of experience in Treasury
Skills: Good network/contacts within banks, hands-on experience of Dealing with banks, working knowledge of LC, export and Related documentation and SOPs.
Job Descriptions / Responsibilities:
- Prepare and review daily cash position & receipt and payment forecast.
- To review and sign the E-form.
- Review and sign export documents and export payment negotiable the exchange rates.
- Receive bill of landing and follow up customers on payment for exports.
- Review and sign the cost sheet and send to accounts for cost updations.
- Review and sign import related PJs.
- Get copies of all imports related POs from purchase department and discuss with purchases about payments details. Review and sign LC document and receive LC documents and makes payment according to LC terms.
- Forward import document to clearing agent and purchase department.
- Prepare and issue LG, IB and PDC for concerned department for forward to signing authority.
- Follow up with banks and keep update foreign exchange rates, interest rates etc.
- Discuss financing requirement with CFO and make agreements for acquiring loans. Negotiate on terms and markup so that cost of borrowing is minimized.
- Forecast funds requirement and allocate excess funds forinvestment so that income is maximized.
- Monitor all collections, payments, bank reconciliation and bank documents.
- Review all LCs and financing documents and coordinate with banks for documentation and payments.
- Review payment custom/ shipping companies form, process and verify the same and arrange payment accordingly.
- Review and sign SBP, ERF local loan documents and export statement for verification from Banks/SBP.
- Review bank offer letter and financing documents and negotiate financing rates short term (PKR/ Foreign currency) and midterm financing.
- Sign cheque, payment vouchers and verify/sign bank payments voucher.
- To monitor the KIBOR and LIBOR based borrowings and capitalize the advantage in company’s favor.
- To monitor long term/short term loans and quarterly accrued interest thereon.
- To supervise the monthly banks reconciliation statement and ensure to clear time reconciling items.
- Liaise with banks officials and relevant public agencies and follow up on any company compliance issue and communicate the status to relevant stakeholders as and when required.
- Preparation and verification of management report relating to bank facilities, long term/short term loan on a timely basis to keep management informed about the borrowings.
- Coordinate with internal and external auditors for review and audits.
