The Group is a leading diversified privately held business group based in Kuwait. With over 15,000 employees and 40 different Group companies, spread across 8 different countries. The group has affiliations with over 200 international brands across its major verticals of Automotive, Rental and Leasing, Financial Services, Engineering, and Trading & Manufacturing.
They are looking for Group Head of Treasury who will play a critical role in setting the strategic direction/develop strategy for the Group Treasury function and will be responsible in raising funds in line with business plan and growth strategy for existing and new lines of businesses, raising fund at competitive rates from domestic & international sources and for the management and efficient execution of treasury transactions, reporting, controls and treasury accounting activities.
Duties and Essential Job Functions
Manage, control and regulate the liquidity & borrowing of the Group and ensure fund requirements are readily met for ongoing operational and capital investments
Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the Group's capital structure guidelines
Treasury analysis, Forecast cash flow positions, related borrowing needs and available funds for investment.
Responsibility for the execution, booking and accounting for all treasury transactions including funding, liquidity management and derivative transactions.
Build and maintain strong relationships with banks and Financial Institutions
Responsibility for the development of an appropriate risk management framework to ensure effective management of key treasury risks including liquidity risk, FX risk, interest rate and counterparty credit risk.
Establishing and maintaining the appropriate organization structure and control environment for the management of treasury activities.
Direct management of a centralized team performing all treasury activities of the Group.
Direct and control the development of treasury systems to ensure appropriate infrastructure exists to support the treasury activities of the business.
Develop, implement & maintain treasury policies and procedures that impose an adequate level of control over treasury activities.
Strong experience in Asset Liability management, Debt market, Capital market
Experience in building relationship with financial institutions for fund raising
Strong understanding of regulatory policies & guidelines
Experience in Treasury accounting in line with Accounting Standards
Experience in cash flow forecast & risk management
Strong negotiation & influencing skills
Strong communication and interpersonal skills
Problem solving and decision-making skills
People Management & Networking skills
Education & Qualifications
CA/CPA/ICWA/CIMA/MBA in Finance
10+ years' experience in treasury management in a reputed Multi National Bank/NBFC or Big conglomerate in the region
Exposure to GCC and Islamic products is an advantage
Arabic is a plus (Not Manadatory)
Candidates are expected to attach an updated copy of their CV when applying for considertaion.