Assistant Manager -Treasury

Seddiqi Holding is a Family-owned and managed company with a unique, diversified portfolio of businesses and brands across numerous sectors. The business includes Ahmed Seddiqi, Seddiqi Properties, Swiss Watch Services and Mizzen.

We are looking for an experienced Assistant Manager - Treasury who will be responsible for cash management and reporting, management of foreign exchange risks and products, management of borrowings and deposits of Seddiqi Holding Group.

• Support head of treasury & investments with formulation of policies and procedures of treasury function, implementation of cash pooling structures, in-house banking and centralized payments across the group.
• Drive adoption of Treasury management system and various digitization initiatives towards banking by all end users.
• Explore new banking products with various banks and financial institutions that suit group’s operational efficiencies.
• Lead project responsibilities towards implementation of cash pooling structures and in-house banking.

• Manage, structure and monitor Seddiqi Holdings’ treasury operations to maximize the earning potential through optimal liquidity management.
• Establish short-term and medium-term fund requirements by conducting detailed analysis of forecast deposit and loan maturities.
• Oversee treasury operations and tasks performed by treasury executive towards cash management, liquidity reporting, bank communications, maintenance of trackers and corporate card management.

• Enhance liquidity reporting to senior management.
• Manage the foreign exchange requirements for Retail business, monitor the risks associated and formulate pricing and strategies for the purchases based on the conversion rates outlook
• Review and manage group’s cash & liquidity position to ensure adequate cash flow to allow for effective operations
• Drive the structuring, negotiation, implementation of new debt facilities across the group (trade, acquisition, project facilities)
• Manage existing borrowing requirements of the group, ensure adequate hedges or propose new hedges where required.

In order to be successful in this role, you should have:

• 5-8 years job related experience in a similar position
• Bachelor Degree or equivalent in Financial or Business management, or a related field.
• Professional or Post graduate level degree or qualification such as CTP, MBA or CFA
• UAE/Middle East Holding company working experience
• Experience working with Senior Management within the Group and Subsidiaries