- Participate in implementing treasury policies and procedures applicable to the department.
- Ensure that work procedures for various activities within the department are documented and followed.
- Monitor receiving accounting entries from the accounting department to be entered on the Access sheet and then on the Finance system application for records.
- Determining the opening bank account balances.
- Identifying the daily cash flows from varied transactions.
- Making adjustments based on seasonal and monthly financials.
- Determine whether the payments should be paid by bank transfer or checks depending on the nature of the request itself and the agreement for each case.
- Determine the appropriate bank for any payment based on the timing and amount and some other technical parameters.
- Supervise writing all checks and Swifts.
- Ensure distribution and delivering all checks to suppliers in a timely manner to prevent late penalties due to late delivery.
- Update Finance department with the latest status of payment transactions to update their monthly bank account balances.
- Reconcile all bank statements for the company after delivering signed checks to all external parties.
- Negotiate with the suppliers or the procurement department the request for an open letter of credit or letter of guarantee.
- Review the letter of credit or letter of guarantee in order to obtain clearance from the construction side and the requested department.
- Ensure that all letters of credit or letters of guarantee are approved and signed by the corporate treasury in order to be sent to the bank.
- Coordinate with the accounting team how they will record this transaction to facilitate the cost allocation.
- Keep track and reconcile all letters of credit or letters of guarantee commissions to minimize the cost.
- Ensure that work procedures for various activities within the section are documented and followed.
- Prepare periodical reports of the status of the LCs/LGs
From 2 to 4 years of experience.Automotive manufacturing industry experience.BSc degree in Accounting, Finance.Proven work experience as a Treasury Accountant, Cost Analyst, Accountant, or similar role.Good understanding of Microsoft office products strong analytical and problem-solving skills, with the ability to communicate effectively with various stakeholders.