AJYAL HR Solutions & Services Hiring for Head of Treasury at مسقط مسقط عمان Full Time

Nationality: Open Key Responsibilities:

• Compliance with ALCO TOR and taking the role of Secretary of ALCO.
• To monitor the balances in the bank, monitor surplus funds and arrange for transfers, keep track of payments to banks on due dates, provide information to the bank, renewals of facilities, find out the prevailing rates in the market, preparation of daily cash flow.
• To prepare a daily cash flow by calling the banks on a routine basis to find out the balance and arrange for fund transfers.
• To find out the prevailing rates for the dollar, interbank market, etc., and appropriately prepare papers for availing the same.
• To develop a Deposit-raising plan and present the same to the ALCO. Thereafter, present updates to the plan at quarterly intervals.
• Reach out to potential customers to raise deposits at competitive rates.
• Propose newer plans and marketing schemes to raise deposits.
• Ensure employee’s awareness with respect to the deposits
• To arrange for payment to banks with respect to term loans or facilities availed by arranging for a timely payment and avoid any default risk. The necessary papers are to be kept ready beforehand.
• To calculate the interest charged by the bank and verify that the bank has not overcharged, and the charge is as per the agreed terms and in the event of variations, to bring the same to the attention of the management.
• To account for all bank charges after verifying that the charges are genuine and is actually required to be paid as per agreed terms.
• To post entries in the books for bank transfers done by the company as well as by the clients to our account for monthly installments.
• To monitor transfer of funds from the branches and pass necessary entries for the same.
• To monitor currency exchange risk.
• To ensure all regulatory and risk compliances with respect to the Treasury function.

Requirements:

• 5 years in treasury management and treasury back-office activities.
• Graduate / Postgraduate in Finance / Treasury / Accounting.
• Any recognized certification program in Treasury management will be an added value.

Note: We thank all applicants for their interest however only those candidates who are shortlisted will be contacted.