Your tasks as a Treasury Specialist - Center of Expertise (CoE), will include the following :
1. Treasury coverage for ENCA (Egypt North & Central Africa) oversight countries :
Work closely with ENCA Treasury CoE Head to support Group Treasury strategy and support in the proper application of group directives and guidelines.
Initiate, follow up and execute initiatives to improve Treasury processes as per ENCA Treasury CoE priorities and guidelines
2. ENCA Treasury CoE responsibilities :
Identify processes with potential for harmonization and improvement. Review treasury activities in the CoE and OC Countries to identify and define process for the shift of treasury activities to be executed from the CoE.
In line with Group treasury strategy, identify and coordinate the move of transactional treasury activities to the GBS, also have operational and transactional treasury responsibilities in the oversight countries
3. Risk management :
Review and Identify the financial risks relating to Treasury and impacting oversight countries (e.g. if applicable cash management, foreign exchange (FX) management, insurance risk management, export and trade finance, pension management) also designs the appropriate risk mitigation strategies.
Review risk management policies to confirm it is in line with Group Instructions, with the aim to protect adverse impact on the company's results and to support the business achieving their targets.
4. Cash Management
Handle daily operational cash transactions and ensure efficient cash management processes are in place. Prepare weekly and monthly cash flow forecasts with close coordination with the BUs and relevant stakeholders to ensure accurate and timely reporting of the figures.
5. Process improvement
Drive continuous initiatives and process improvements in Treasury to keep abreast of the latest developments in this area.
Segregate the treasury activities in the OC Countries that can be moved to the CoE, ensuring a stream lined process in execution also coordinates Group Treasury function initiatives and projects in the oversight countries.
6. Relationship with financial institutions
Assist in the formulation of financial strategies and negotiates financial agreements with financial institutions.
7. Financing, investment and liquidity
Supervise country Treasury operations, to ensure oversight countries have the required level of financial sources to support current and future business requirements.
Define strategy and guidelines for the investment of available cash, review the bank accounts structure and propose optimal cash flow hedging solutions.
8. Business partnering / Advisory
Act as a business partner to all relevant counterparts in finance and business community within the organization. Work closely with the BU (Business Unit) to ensure all related risks are mitigated.
Provide treasury advisory / trainings in most efficient manner and ensure proper knowledge is communicated
9. Trade Finance
Handle all related trade finance topics for countries in scope and ensure efficient execution and control across all activities.
10. Internal control / compliance
Ensure that internal controls over financial reporting processes are performed effectively and efficiently in the respective areas of responsibility.
Ideally the person for this role should possess :