Treasurer recruitment
Our key services include oil trading, tank-terminal storage, aviation fuelling, bunkering and renewable energies. Marquard Bahls and its subsidiaries in Europe, America, Asia and Africa employ more than 7,000 people worldwide.
Mabanaft is one of the largest independent wholesaler of Petroleum products in the UK. Our products include petrol, diesel fuel, gasoil and kerosene. We are also a leader in the development and marketing of Biofuels which are among the most important developments in green energy. Mabanaft are well positioned to capitalise on this accelerating growth.
Role:
Treasurer
Department:
Treasury/Finance
Reporting to:
Directly – Finance Director, Mabanaft Ltd
Duties and Responsibilities
- Monitoring and managing cash position and movements on a daily basis.
- Anticipate and propose solutions to problems arisen from cash management.
- Ensure Treasury Procedures meet Group Finance compliance standards.
- Be a custodian of Treasury Procedures of the company.
- Primary contact person with banks.
- Ensure we don’t miss monthly and quarterly deadlines of payments to HMRC.
- Key contributor in negotiating credit line facilities with UK banks.
- Issuing LC’s, guarantees and Letter of Indemnity and related amendments after discussion with Supplier/Bank.
- Checking shipping documents presented under LC’s.
- Checking Receivable LC’s.
- Reviewing monthly purchases programme prepared by supply team.
- Producing monthly cash forecast position based on sales plan and purchases programme.
- Discounting of supermarket invoicing.
- Execute forward foreign exchange deals.
- Execute daily FX-reconciliation
- Analysis of correctness of financing costs.
- Intercompany loans.
- Review new sales and purchases contracts.
- Liaising with suppliers on a daily basis.
- Approving Bank Guarantees to cover customer exposure.
- Develop an integrated finance policy for subsidiaries in the UK.
- Credit risk on customer’s banks when possible/needed
- Liaise with queries from external auditors.
- Revaluation of non Sterling bank accounts.
- Produce monthly treasury reports to different stake holders in London and head office.
- Creating and monitorising bespoke cash forecast for ad-hod projects, such as duty paid programme.
- Checking payments that been process by AP
- Preparing an interest for loans and deposits.
- Reviewing bulk sales deals and ensuring FO issue and send invoices asap.
- Responsible for preparing and providing financial data to the Accounting team as part of the month end process led by Accounting team (accruals, FX manual journals, etc).
- Keep abreast of changes and new financial products in the market.
- Supervise all of the above for the subsidiaries
Knowledge, Skills and Abilities
- Ability to work under pressure and meet tight daily deadlines.
- Ability to react in a satisfactory way to adverse and emergency situations, to propose solutions and ensure successful outcome.
- Ability to present financial information and make it understandable for non finance people.
- Strong communication and interpersonal skills.
- Diplomatic but persuasive attitude when dealing with colleagues from different departments (Supply, operations, marketing, back office).
- Attention to the detail.
- Sound judgment of business and financial risks.
- Ability to work unsupervised and to manage time and scheduling.
- Be able to programme work to meet deadlines.
- Analytical diligence in recording and reporting.
- Ability to liaise with and influence personnel both internally and externally at all levels of business.
Credentials and Experience
- Experience of cash management.
- Understanding of LC’s, bank guarantees, cash pooling.
Special Requirements
- Strong team player with good organisation, planning and leadership skills.
- Understanding of financial products (FX, Money markets).
- Good understanding of economics and financial markets is required to provide meaningful management information.
Salary Range
Salary will be reflective of experience and ability of successful candidate.
Please note you will receive an automated response advising you that we have received your CV.
Hudson is a leading provider of permanent recruitment, contract professionals and talent management solutions worldwide.