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IFS - Finance - Treasury and Bank - Senior Associate

Job Description and Requirements

Job description / Role

IFS - Finance - Treasury and Bank - Senior Associate - Beirut

Line of Service
Internal Firm Services

Industry/Sector
Not Applicable

Specialism
IFS - Finance

Management Level
Senior Associate

Job Description & Summary
The Treasury and Bank Team is a key team within the Finance function in PwC ME. The role ensures all day to day activities are completed on time and according to approved process. Ensures adherence of the function to PwC approved accounting principles, established procedures, departmental guidelines, and regulatory requirements applicable to the work. 
Responsible for relationships for the region. Optimises available cash balances across the region, transfers balances to /from territories according to need.

Responsibilities

Financial 
- Conduct all activities with a view to optimising ME resources, with the aim to minimise interest and bank charges 
- Support development of forward looking cash plan, anticipating changes in cash balances and planning coverage by facilities 
- Support management of all regional bank accounts, supports opening and closing of accounts across the region and manages data within appropriate systems 
- Processes bank guarantee requests from LoS Finance Partners or Client Staff 
- Reviews outstanding guarantees and flag to where reclaims are overdue 
- Collate and report on weekly cash position review from each territory 
- Consolidate all surpluses and deficits for each territory, with all surpluses transferred to central, and all deficits covered by central 

Customer
- Support treasury activities for all territories, ensuring that they are able to conduct local activities e.g. payroll efficiently each month 
- Support Leader in working closely with LoS Finance Partners as appropriate on any LoS related Treasury / cash issues 
- Work closely with other Finance & Accounting Teams (.e.g. AP) to understand their activities and to ensure the correct accounting treatment is applied to their activities 
- Contribute to ensuring the provision of high quality treasury services 

Internal Process
- Ensure adherence to PwC approved accounting standards and principles 
- Coordinate activities with other departments and workgroups as needed 
- Support analysis of Treasury & Bank processes efficiency, identifying improvement initiatives 
- Assist in developing treasury reports on a periodic basis for senior management as needed 
- Monitor financial and economic market trends including interest rates, foreign exchange rates, etc. 

Learning & Growth 
- Ensures adherence to PwC approved accounting standards and principles; ensures maintenance of proper audit trails and verification and reconciliation actions for all processed work 
- Responsible for management of workloads as appropriate 
- Responsible for the continuing professional development of self 
- Establish a healthy work environment for employees on the team 
- Act as a key resource and liaison to other functional areas of the business, building cross-functional relationships as needed

Requirements

Education
- Bachelor's Degree in Business Administration, Accounting, Finance or related field required 

Language
- Fluency in spoken and written English and Arabic is essential 

Overall Experience
- 2+ years of experience in a treasury function 

Specific Experience
- Experience with treasury operation 
- Experience with funds allocation, working capital, foreign exchange management and bank guarantees 

Knowledge and Skills
- Knowledge of capital structures management 
- Knowledge of liquidity analysis and optimization techniques 
- Knowledge of financial risk management and hedging tools 
- Excellent financial, statistical and analytical skills 
- Exposure to financial market trends (e.g. current risks, interest rate risks) and treasury products 
- Understanding of general/international accounting standards and practices 
- Organization, thoroughness, eye for detail, time management skills and proactivity 
- Strong verbal and written communication skills 
- Ethical Conduct