Treasury Officer – GCC Countries

Cash flow management & Liquidity Support

• Collect, validate and consolidate periodical cash flow data from subsidiaries
• Highlight (after cashflow reviews) any needs for internal or external financing
• Monitor daily/ weekly liquidity positions and highlight shortfalls or excess cash for cash pooling

Banking Operations & Transactions

• Review payment processes and files and ensure proper approvals according to internal controls
• Liaise with banks for escalations on transaction processing, documentation, and issue resolution
• Track and follow up on Letters of Guarantees and Leases issued in favor of third party.
• Review bank matrices and highlight required changes
• Online Banking Administration of user entitlements and up-to-date matrices
• Administration of Evolve FX portal for managing onshore FX deals
• Semi-annual bank inventory review with all subsidiaries and JVs of the GCC
• Support banks on the annual KYC renewals and due diligence inquiries
• Support in Bank onboarding and activations
• Purchasing cards administration/ and regular update of Purchasing cards memo
• Assist in managing SWIFT/ SCORE portal

Treasury Administration:

• Maintain accurate treasury databases, reports, and dashboards
• Liaise with legal department to maintain an updated record of all subsidiaries POAs and bank resolutions
• Monthly review of all requested treasury reporting (TRESO, FX, FACT, Off Balance Sheet etc..)
• Access to Quantum Transactions and reports for all GCC entities, and DDA management
• Support the TMS deployment in the GCC entities.
• Monitor Saint-Gobain’s entities in the GCC foreign exchange exposures and streamline exchange risk by hedging the exposures in line with company policy.
• Ensure Mark-to-market accounting entries are booked monthly for all DTF hedging deals and annually for FX deals booked with external banks
• Monitor the reverse factoring transactions and ensure compliance with the approved limits by the DTF.
• Liaise with procurement to develop and expand the sustainable supply chain finance program
• Assist in managing the procedure and the flow of dividends distribution.
• Ensure all treasury activities comply with Local banking regulations across GCC countries and Group treasury policies and procedures
• Support on the annual Review of Treasury Policies (Main treasury management policy, petty cash policy, purchasing cards policy etc..)
• Participate in the preparation of the annual financial plan presentation.

             Insurance Management:

• Track and follow up local issuance and settlement of renewed global insurance programs (PDBI/ CGL/ EIL/ D&O and other applicable programs)
• Support in the management of the annual insurance data collection campaigns (review of sites and declared sums insured)
• Support in the review of the premium allocation by program and share with EMME CFOs the budgeted premiums by the DRA
• Administration of the Webrisk portal (inhouse insurance portal)
• Follow up on regional construction/ erection projects to initiate CAR policies
• Support operating companies with issuing local money, marine, auto, WC/ El Workmen Compensation & Employer’s Liability if needed
• Assist on the annual evaluation of local MARSH (Global brokers) relationship (Turkey/ Saudi/ Egypt/ UAE/ Qatar) and KYC-update management for local insurers by program
• Assist in claim management (data collection & communication with insurers)