Key Responsibilities:
1. Forex management
•Be the first point of contact for forex related matters and attend to queries related to Treasury Management.
•Monitor daily forex orders on dynamics and coordinate with group treasury for anomalies or issues.
•Raise spot orders in ERP for the non-systematic or ad hoc hedging orders related to payment to suppliers and customer receipts in foreign currency.
•Perform monthly underlying reconciliation of open forex portfolios from ERP with open forex contracts with CFAO Group Treasury Department.
•Justify open forex orders balances, differences and ageing by coordinating with supply chain teams, ensuring proper documentations and timing of hedging and settlement.
•Update actual final rates in designated files to ensure timely and proper communication with accounting department and monitor the settlement of each contract for every supplier payment and customer receipt.
•Check and analyse the monthly forex exchange gains and losses calculated by the ERP and report any discrepancy, wrong rate, currency or system miscalculation.
•Calculate the forex rates used for pricing in specified markets, based on market forecasts and inventory-related currency rates.
•Preparation of forex payoff analysis to define and justify the duration of forward contracts requirements and modifications with the collaboration of each department.
•Identify short-term and long-term requirements by constantly collaborating with every department and performing continuous assessments of the existing processes, impacts of changes in supply chain flows, currencies, payments terms and conditions, late settlements of contracts etc…
•Identify loopholes, risks and improvements in the process (functional and technical) from creation of foreign currency orders to settlements. Report and propose to the Treasury Manager and Finance Manager for corrective actions.
•Collaborate with related departments for setting up new business flows and routes, identify treasury requirements and conduct User Acceptance Testing in the ERP.
•Collaborate with the ERP (Microsoft D365) IT Team to facilitate modifications and developments (process, workflows, design, reports) required on treasury-related matters.
2. Back up tasks
•Communicate bank statements and advices to accounting department.
•Assist the Treasury Manager in Treasury Forecasts.
•Assist Treasurer for petty cash management.
•Monitor bank conditions and charges.
•Monitor Treasury KPIs to adhere to CFAO Group requirements.
•Monitoring bank balances and manage the Cash Pooling and Treasury Current Account with Parent Company.
•Arrange monthly Treasury KPI review templates for the monthly Treasury meetings.
•Perform monthly reconciliations of the Treasury current account a