Assistant Treasurer - Forex

About the role

A multinational company, working through its client, is looking for an Assistant Treasurer (Forex) in Dubai to support the management of foreign currency exposure and treasury operations. The role coordinates daily forex transactions, monitors hedging and forward contracts, reconciles forex positions, analyzes exchange gains and losses and ensures timely settlement. It works closely with Treasury, Finance, Accounting, Supply Chain, IT and other departments.

Key responsibilities

• Act as first point of contact for forex and treasury queries, monitor daily forex orders and raise spot orders for ad hoc hedging needs.
• Reconcile open forex portfolios against open contracts monthly and investigate variances and ageing items.
• Analyze monthly foreign exchange gains and losses, calculate forex rates used for pricing and prepare payoff analyses for forward contracts.
• Evaluate short- and long-term currency requirements with business departments and recommend improvements to Treasury and Finance Management.
• Take part in UAT for treasury ERP developments and work with IT on treasury workflows and reporting.
• Communicate bank statements to Accounting, support cash flow planning, petty cash and cash pooling, and track treasury KPIs.
• Manage current account activities with the group, reconcile current accounts and interest calculations monthly, and prepare monthly KPI reports.

Required profile

• Bachelor's degree in Finance, Economics, Accounting, Business Administration or a related field.
• 2-4 years of experience in Treasury, Forex, Cash Management or Finance.
• Good knowledge of FX, spot transactions, forward contracts, hedging, treasury operations, cash forecasting and treasury reconciliations.
• Strong analytical and numerical skills, good communication and coordination skills.
• Professional Treasury, Finance or Accounting certification is advantageous but not mandatory.

Required skills

• Strong Microsoft Excel skills.
• Experience with Microsoft Dynamics 365 or other ERP systems is an advantage.