Treasury Operations Specialist

Company Description ElReefy Trading Co. was founded in 2020 with a team of experts who have built a robust system for import and export deals, supported by a comprehensive supply chain network worldwide. Our product offerings include green coffee beans, coconut, spices, and nuts. Treasury Operations & Cash Management Monitor daily cash balances across bank accounts and ensure adequate funds are available to meet operational obligations. Execute daily cash management activities, including cash positioning, fund transfers, and bank transactions. Maintain and update daily cash flow forecasts based on expected collections, payments, and business requirements. Monitor daily cash inflows and outflows to ensure efficient utilization of available funds. Coordinate with Finance, Accounts Payable, Accounts Receivable, and other departments to ensure timely payments and collections. Banking Operations & Transactions Manage daily banking transactions, including deposits, withdrawals, transfers, and payment processing. Prepare and execute bank transfers, checks, and electronic payments in accordance with the approved authorization matrix. Maintain effective communication and coordination with banks regarding daily transactions and operational requirements. Follow up on bank transfers, payment confirmations, rejected transactions, and outstanding banking issues. Maintain and update bank account records, authorized signatories, and banking documentation. Bank Reconciliation & Financial Controls Perform daily or periodic bank reconciliations and investigate discrepancies or unidentified transactions. Ensure accurate recording and classification of treasury transactions in the accounting system. Monitor bank charges, commissions, and other financial expenses and report discrepancies when identified. Ensure compliance with company policies, internal controls, and approved financial procedures. Maintain proper documentation and records of all treasury transactions for audit purposes. Liquidity & Working Capital Support Monitor daily liquidity requirements and highlight potential cash shortages or funding gaps. Coordinate with Accounts Payable and Accounts Receivable to support effective cash flow management. Follow up on customer collections and supplier payment schedules to ensure optimal cash utilization. Support the preparation of short-term cash flow forecasts and working capital reports. Assist in monitoring financing requirements and utilization of available banking facilities. Treasury Reporting & Analysis Prepare daily cash position reports and periodic treasury performance reports. Provide accurate updates on bank balances, cash movements, outstanding payments, and expected collections. Analyze actual cash flows against forecasts and highlight significant variances. Maintain treasury transaction trackers, bank facility records, and cash flow schedules. Support the Finance Manager in preparing financial reports, cash flow analysis, and treasury-related information. Compliance & Risk Management Ensure all treasury transactions are processed in accordance with company policies and the approved Delegation of Authority (DOA). Maintain confidentiality and security of financial information, banking credentials, and payment instructions. Identify and escalate discrepancies, unusual transactions, and potential financial risks. Ensure compliance with applicable banking regulations and internal financial control requirements. Support internal and external audits by providing required treasury records and documentation. Loan & Banking Facilities Operations Monitor and maintain records of all outstanding loans, credit facilities, and banking arrangements. Track loan and facility repayment schedules and ensure timely settlement of principal installments, interest, and related fees. Coordinate with Finance and banks to ensure sufficient funds are available to meet upcoming loan and facility obligations. Prepare periodic reports on outstanding balances, upcoming installments, facility utilization, and repayment status. Follow up with banks regarding loan statements, repayment confirmations, interest calculations, and facility-related documentation. Monitor the utilization of approved credit facilities and ensure compliance with agreed repayment terms and conditions. Reconcile loan and facility balances with bank statements and accounting records, investigating and resolving discrepancies. Maintain an updated schedule of loan maturities, repayment dates, interest rates, and applicable banking charges. Ensure proper documentation and recording of all loan and facility transactions in accordance with company policies and financial procedur. Qualifications & Requirements Bachelor’s degree in Finance, Accounting, Economics, or related field. 2–3 years of treasury/finance experience. Proficiency in Treasury Management banking products, and Cash Management. Strong background supply chain industry is highly desirable. Proficiency in treasury management systems and MS Excel. Excellent analytical, negotiation, Finance expertise and communication skills. Ability to work under pressure and manage multiple priorities. Ability to work effectively in a fast-paced environment. Show more Show less