EAMEI Treasury Manager
Air Liquide · Cairo
How will you CONTRIBUTE and GROW?
The mission of the Treasury COE Team members is to manage bank relationships and group compliance with the support of local CFO / teams and ensure all affiliates have enough funds to run their operations. He/she will be the direct point of contact with local CFOs, GBS and clusters for treasury matters.He/she provides support to Corporate Finance for the ST/LT funding of the entities.
At the EAMEI / HHC GBU level, his/her role involves
- Leading Treasury Projects for EAMEI / HHC GBU
- Cashflow Forecast and Liquidity management responsibility for all entities in EAMEI / HHC GBU
- Corporate Finance CoE responsibility including funding and capital structure for EAMEI / HHC GBU
- Leading other treasury functions at EAMEI / HHC GBU as may be assigned
- Act as a back-up for other EAMEI / HHC CoE Treasury team members for their geographical scope
For the assigned geographical scope he/she will be leading treasury matters, in line with the main contributions highlighted below, and manage bank relationships and group compliance with the support of local CFO / teams and ensure all affiliates have enough funds to run their operations. He/she provides support to Corporate Finance for the ST/LT funding of the entities.
Manage all Treasury, Payments & Cash Management activities at an Entity/cluster/GBS/CoE/GBU/HO level. Also responsible for Financial Risk Management (Financing, Foreign Exchange, Banking, Cash flow...).
1. Financial Risk management & Insurance Management
- Executes hedges within financial policy principles in line with group policy
- Manage foreign exchange coverage, validate hedging strategy both FX and interest rate.
- Manage FX exposure across the scope.
- Ensure the implementation of the KTP Web tool and FX deals reporting when local hedging is performed due to local constraints (Aim, benefits, etc), soon to be Quantum (from FIS).
- Define BCP with support of the entity and ALEBS to ensure the continuity of treasury activity
2. Cash and Liquidity Management
- Own the full process of Cash and Liquidity management with the entities and ALEBS team.
- Maintain local cash pooling structure within the entities.
- Supervise and contribute to treasury processes: weekly cash flow forecast, monthly operational actual cash flow
- Ensure all reports related to Treasury and cash projection management are done on time
- Monitor working capital and assist affiliates in improving their DSO, DIO and DPO.
3. Funding and Financial Investment Management and Reporting
- Support short term, long term funding and customer financing projects.
- Ensure proper control at entity levels of bank covenants, bank loan maturing and guarantees.
- Drive implementation of factoring and supply chain financing solutions when applicable
- Support and ensure the deployment of any treasury project initiated by the CoE Treasury (encrypted payments, TMS, etc).
4. Performance, Quality & Conformity Management
- Ensure deliverables quality
- Ensure Service Level Agreement Compliance and report any dysfunction
- Ensure to implement the process improvements
- Manage and update Treasury procedures if needed.
- Manage Treasury Internal Control Reviews across EAMEI in coordination with Group Treasury and Head of COE
- Manage financial fraud and dispute cases
5. Bank Relationship Management and Treasury Administration
- Manage Bank relationships with the support of Local CFOs and Head of COE.
- Manage Defined KPIs, Ensure SLA compliance and reporting to the group, clusters and entities
- Bank Portals Administration (updating authorized signatories, banking access rights...etc.)
- Drive the reduction of the number of bank accounts across the entities, review the bank fees and decide on an action plan to reduce transaction costs.
- Schedule regular meetings with core and local banks if any to review their performance and if needed take action to improve the level of the service
- Provide information to answer queries from management & external parties jointly with Local and BSC teams
- Provide treasury information/documentations as required by banks/financial institutions
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Are you a MATCH?
- 1Master degree in Finance, Mgmt, etc. Formal qualification/diploma in treasury
7+ years experience - Fluent English is a must
- Treasury and cash management
- Experience in shared service center
- Experience in a multinational company desirable
- Good understanding of financial markets, financial instruments and debt instruments
Our Differences make our Performance
At Air Liquide, we are committed to build a diverse and inclusive workplace that embraces the diversity of our employees, our customers, patients, community stakeholders and cultures across the world.
We welcome and consider applications from all qualified applicants, regardless of their background. We strongly believe a diverse organization opens up opportunities for people to express their talent, both individually and collectively and it helps foster our ability to innovate by living our fundamentals, acting for our success and creating an engaging environment in a changing world.
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