Cash and Treasury Manager

5 days ago

Karachi, Sindh, Pakistan beBeeFinance Full time 1,750,000 - 2,450,000

Job Title: Cash and Treasury Manager

Key Responsibilities:

  • To assess, monitor, plan, and manage the company's cash flows and financing matters.
  • To arrange borrowings from approved lending institutions in line with the prescribed policy to maximize liquidity.
  • Review and update sources of financing for long-term or short-term projects as needed.
  • Initiate funding and coordination with financial institutions to meet funds requirements and repay acquired loans.
  • Analyze financing models to evaluate the most suitable options for projects, considering interest rates, internal rates of return, installment plans, security requirements, and other key factors.
  • Prepare detailed reports for review and approval by senior management and the Board of Directors.
  • Support management in negotiating loans with financial institutions at competitive rates.
  • Monitor and reconcile finance accounts on a monthly basis.
  • Ensure no outstanding debts are overdue and settle dues within reasonable timeframes according to loan/debt agreements.
  • Review drafts of relevant agenda items for consideration and approval by the Board of Directors.
  • Review all documents before submission to the Board for disbursement of loans and creation of charges.
  • Monitor petty expenses of Cash Offices (O, Karachi Terminal, SITE, and Khadeji) after evaluating daily cash requirements.
  • Review Imprest Accounts of Transmission, LPG air mix plant, and Land Compensation and Liaison office – Islamabad.
  • Conduct regular reviews for Imprest account reconciliations.
  • Monitor processing of daily cheque arrangements and disbursements to contractors/suppliers/employees.
  • Review bank reconciliations periodically and resolve outstanding issues.
  • Review reconciliation reports generated from ERP – Account Receivable module.
  • Conduct regular reviews of Imprest statements and payment vouchers.
  • Arrange Letters of Credit through designated banks against Purchase Orders/contracts and ensure legal documents and requirements are fulfilled.
  • Ensure compliance with the terms and conditions of purchase orders.
  • Ensure accurate information in Letters of Credit is filled in accordance with foreign purchase orders/contracts and reviewed by the Purchase Committee.
  • Review monthly reconciliation of subsidiary accounts maintained in the general ledger including import control account.
  • Ensure compliance to the Enterprise Risk Management Framework and Business Principles and Ethics Policy/Code of Conduct.
  • Undertake any other task instructed by immediate supervisor.
Required Skills and Qualifications:
  • CA/ACMA with at least 6 years of post-membership experience or ACCA/MBA from HEC recognized university with at least 9 years of experience.
  • Functional and team lead experience of at least 4 years is mandatory.
Benefits:

Join our organization to leverage this opportunity.

Others:

The position is open for full-time employment and falls under the mid-senior level. The job function is in Finance and Sales, and the industry is Utilities.

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