Job Description
ABB Egypt is currently seeking a Treasury Specialist who will be responsible for supporting ENCA Treasurer in all treasury related activities of ABB’s operating entities in Egypt and across oversight countries.
Duties and Responsibilities
Working closely with ENCA Treasury CoE Head to implement Group Treasury strategy and support in the proper application of group directives and guidelines.
Initiating, following up and executing initiatives to improve Treasury processes as per ENCA Treasury CoE priorities and guidelines
Identifying processes with potential for harmonization and improvement.
Ongoing review of treasury activities in Egypt and OC Countries to identify and define process for the shift of treasury activities to be executed from the CoE.
In line with Group treasury strategy, identify and coordinate the move of transactional treasury activities to the GBS.
Having operational and transactional treasury responsibilities across ENCA countries.
Reviewing and identifying the financial risks relating to Treasury and impacting countries in scope (e.g. if applicable cash management, foreign exchange (FX) management, insurance risk management, export and trade finance, pension management).
Designing the appropriate risk mitigation strategies.
Reviewing risk management policies to confirm it is in line with Group Instructions, with the aim to protect adverse impact on the company's results and to support the business achieving their targets.
Handling daily operational cash transactions and ensure efficient cash management processes are in place.
Preparing weekly and monthly cash flow forecasts with close coordination with the BUs and relevant stakeholders to ensure accurate and timely reporting of the figures.
Driving continuous initiatives and process improvements in Treasury to keep abreast of the latest developments in this area.
Enhancing the execution of all treasury activities and ensuring stream lined process in execution across operating entities in scope.
Supporting in coordination/rollout of Group Treasury function initiatives and projects across the region.
Assisting in the formulation of financial strategies and negotiates financial agreements with financial institutions, while ensuring solid and sustainable relationships across financial institutions, and compliant with local market regulations and ABB group directives.
Supervising Treasury operations, across all operating entities in scope and ensure each have the required level of financial sources to support current and future business requirements.
Defining strategy and guidelines for the investment of available cash, review the bank accounts structure and propose optimal cash flow hedging solutions.
Acting as a business partner to all relevant counterparts in finance and business community within the organization.
Working closely with the Business Units to ensure all related risks are mitigated.
Providing treasury advisory/trainings in most efficient manner and ensure proper knowledge is communicated.
Handling all related trade finance topics for countries in scope and ensure efficient execution and control across all activities.
Ensuring that internal controls over financial reporting processes are performed effectively and efficiently in the respective areas of responsibility.
Your main responsibilities in this role will include:
Treasury coverage for ENCA oversight countries:
ENCA Treasury CoE responsibilities:
Risk management:
Cash Management:
Process improvement:
Relationship with financial institutions:
Financing, investment and liquidity:
Business partnering/Advisory:
Trade Finance:
Internal control/compliance:
Job Requirements
Bachelor’s degree in Finance, Accounting or Economics with at least 4-5 years of experience in corporate treasury.
MBA/ Chartered Financial Analyst (CFA) is a plus.
Good knowledge of financial instruments and markets, including funding, cash management and derivatives coupled with good understanding of accounting, controlling and tax.
Proficiency in both spoken & written English & Arabic language is required. French is a plus.
Candidate should be willing to travel.
Job Details
Company/Organization: ABB Egypt
Vacancy Type: Full-time Job
Job Functions: Analyst/Finance
Location: Cairo, Egypt
Application Deadline: N/A
In case you have inquiries or face difficulties in applying, contact ABB at careers@eg.abb.com
NB: No CVs allowed on emails.
Apply on ABB website
