Monitoring Breadfast’s cash flow and controlling money transmission tools. Including managing bank accounts, maintaining financial records, performing banking operations, and handling the cash management system.
Roles and Responsibilities:
Cash & Liquidity Management:
- Prepare the daily cash positions and forecast short-term funding needs.
- Optimize cash flow by managing receivables, payables, and investments.
- Execute / Follow up intercompany fund transfers and reconcile it with bank GLs.
- Manage the company excess cash on T Bills, FDs, bearing interest A/Cs.
Debt, Facilities & Intercompany Loans Management:
- Assist in managing bank facilities (loans, credit facility lines, LGs & IDCs).
- Track interest payments, covenants & validate recorded interest expense transactions on GL before closing.
- Monitoring the company bank facilities utilization ODA, LGs & IDCs, submit the monthly utilization reports.
- Mange the Corporate Credit Cards Issuance process & monthly settlements.
Payment Cycles:
- Execution of Vendors & Custodies weekly payment cycles, share payments proof with related departments along with single debit payment batches details.
Cash Flow Reports:
- Work on preparing the Daily & Monthly Cash Flow reports Actual & Forecast.
Banking Relationship:
- Manage bank relationships and negotiate fees/services pricing.
- Responsible for fulfilling bank requirements by submitting KYC, Bank Declaration,
- Related parties & prepare for lending bank quarterly business reviews.
- Managing the company signatories with banks by adding, removing & changing limits or groups.
- Monthly Closing, Bank & Sales Reconciliations Support:
- Support Accounting team by sharing required details for solving discrepancies on the unreconciled items.
- Support on enhancing & improving the reconciliations existing process.
- Support on Month-end & Year-end process when needed.
Digital Transformation:
- Support on the Department plan to Digitize all banking instruments & cash payments cycles for smooth daily operations.
Monthly Interest Income / Expense analysis:
- Check that the interest Income / Expense figures were calculated using the agreed upon rates with banks.
- Send monthly interest reports for accounting team for booking purposes.
- Reconcile booked amounts at Income Statement before monthly closing period.
Required Education, Knowledge and Skills:
- Bachelor's degree in commerce / finance or related field.
- 3-4 years of experience in a similar role.
- 2+ years in Retail Business is highly recommended.
- Excellent command of English language
- Professional MS Office skills.
- Preferably Odoo User
- Excellent written and verbal communication skills
- Excellent organizational and time management skills.
- Perfect problem-solving skills.
- Enjoying a proactive approach.
- Very Good Communication, interpersonal, Negotiation & Presentation skills.
- Detail oriented.