• Ensure the implementation of the Cash Management function’s objectives, plans, policies & procedures and assuring they serve as basis for all the function’s operations.

• Assist the Finance & Accounting Manager in the development of the annual budget and ensure cascading it down to the functional level and that all employees are working towards achievement of the department's goals and objectives within the assigned budget.

• Monitor the operating results of the Cash Management function, compare them to established goals and objectives, and report results to the Finance & Accounting Manager.

• Ensure compliance of Cash Management function operations to the company policies and regulations in order to avoid any discrepancies or unsatisfactory results.

• Establish and manage relationships with domestic and international financial institutions and banks.

• Coordinate cash management activities which cover reconciliation of bank accounts, clearing payment and receipts transactions within the system and depositing cash or cheques in the bank(s).

• Supervise and control the movement of cheque and re-order cheque when requested.

• Oversee the cash position of the company.

• Supervise all cash disbursement activities according to the agreed & approved policies and procedures.

• Perform the issuing function of Petty Cash for departments while following the proper policies, regulations, and approval process.

• Prepare cash management reports on a daily, weekly and monthly basis for the entire company.

• Prepare projected cash flow forecasts for the entire year and update on a monthly basis in coordination with other finance functions.

• Evaluate other borrowing options (Loans, overdrafts, and letters of guarantee) besides the company's Capital in order to choose ones that are beneficial to the company's interests.

• Manage and develop the financial risk management program in consultation with the Finance & Accounting Manager.

• Transfer funds between the bank accounts as requested by the Finance & Accounting Manager.

Job Details

Preferred Candidate

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