Cash Management Expert

14 hours ago


Al Muharraq, Muharraq, Bahrain AVANA Companies Full time

AVANA Companies Overview

We are a dynamic organization committed to delivering exceptional results and creating a better future for our clients, partners, and employees. With a strong focus on teamwork and collaboration, we strive to enrich the lives of our team members as much as we enrich the lives of our clients and partners.

The Role

We are seeking a talented Junior/Senior Accountant to join our team and lead our financial operations. As a key member of our organization, you will be responsible for overseeing daily treasury operations, cash management, and ensuring compliance with financial regulations.

Your Key Responsibilities

Cash and Liquidity Management:

  • Monitor daily cash positions and forecast short-term and long-term cash requirements.
  • Execute cash management strategies to optimize liquidity while minimizing idle cash balances.
  • Coordinate with internal departments to ensure timely funding for operational needs.
  • Evaluate investment opportunities and recommend investment strategies to maximize returns while managing risks.

Banking Relationships:

  • Manage relationships with banks and financial institutions.
  • Negotiate banking services, fees, and terms to optimize banking relationships.
  • Evaluate and recommend changes in banking partners as necessary.

Cash Flow Forecasting:

  • Develop accurate cash flow forecasts to support operational and strategic decision-making by collaborating with people across the organization.
  • Analyze variances between forecasted and actual cash flows and provide explanations and recommendations.
  • Identify, assess, and mitigate financial risks, including interest rate risk, foreign exchange risk, and credit risk.
  • Develop risk management strategies to protect the organization's financial health.
  • Maintain compliance with regulatory requirements and internal policies related to treasury operations.

Financial Reporting and Analysis:

  • Prepare accurate and timely reports on treasury activities, including cash balances, investments, and debt.
  • Develop dashboards to provide in-depth financial analysis to support strategic decision-making and identify opportunities for cost reduction, revenue enhancement, or process improvement.
  • Collaborate with internal and external auditors to ensure compliance with financial reporting standards.
  • Communicate financial information effectively to stakeholders, including senior management, board of directors, investors, and external partners.

Internal Controls and Process Improvement:

  • Establish and maintain internal control procedures to safeguard company assets, prevent fraud, and ensure compliance with policies and regulations.
  • Identify opportunities to streamline treasury processes and enhance efficiency, accuracy, and scalability.
  • Implement best practices and automation tools to improve accuracy and effectiveness.
  • Lead or participate in treasury-related projects to support business objectives.

Requirements:

  • A bachelor's degree in accounting, finance, or a related field.
  • A master's degree or professional certification such as CPA (Certified Public Accountant), ACCA (Association of Chartered Certified Accountants), or CMA (Certified Management Accountant) may be preferred.
  • 3+ years of relevant experience in accounting, finance, or auditing. Knowledge on Islamic finance or Shariah-compliant lending a plus.
  • Understanding of regulatory requirements and guidelines governing finance operations, including US accounting standards and local regulatory frameworks.
  • Excellent strategic thinking and problem-solving skills and attention to detail.
  • Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
  • Strong business acumen and a deep understanding of organizational dynamics.
  • Outstanding communication and interpersonal skills, with the ability to build relationships and influence others.
  • Demonstrated ability to work effectively with diverse teams and across all levels of an organization.
  • Proven track record of driving change and leading successful transformation initiatives.

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