Treasury Officer

DP World - UAE

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Job Description

About the Business:

DP World operates more than 60 terminals across six continents(sup1)/sup, with container handling generating around 80 of its revenue.  In addition, the company currently has 10 new developments and major expansions underway in 9 countries. 

DP World aims to enhance customers' supply chain efficiency by effectively managing container, bulk and other terminal cargo.  Its dedicated, experienced and professional team of more than 30,000 people serves customers in some of the most dynamic economies in the world. 

The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.

In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in st1:
cityDubai/st1:
city, which has been voted "Best Seaport in the st1:
placeMiddle East/st1:
place" for 18 consecutive years.

In 2011, DP World handled nearly 55 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 103 million TEU by 2020, in line with market demand.

About the Department:


The Finance Department at DP World is responsible for two key functions, management accounting and financial accounting.

The management accounting team is responsible for internal and external reporting's inclusive of budgeting and cost analysis, asset management and treasury management.

The financial accounting team is responsible for the accounts payable, accounts receivables and general ledgers.

Skills

About the Role:
This position reports to the Manager - Management Accounting and the main purpose of the role is to assist in effective management of cash management of the UAE Region and liaise with banks for daily transaction thereby ensuring smooth running of departmental functions.

Key accountabilities will include:
* To assist in the effective management of cash within the UAE Region by ensuring timely payments are made and funds invested.
* To coordinate with group companies to arrange inter- company funding as needed for organizational requirements.
* To prepare daily bank position reports for management review and decision making.
* To approve treasury related accounting entries and prepare supporting documents for the accounting group.
* To verify bank reconciliations and follow up with banks for rectification of errors in a proactive manner.
* To open new bank accounts for the group when required and liaise with banks for necessary documentation required.
* To maintain and update constitutional documents of all group companies, signatories list, passport copies of all signatories, Board Resolutions, Trade Licenses etc for future reference
* To verify policies and invoices for premium with agreed terms and conditions and co-ordinate approval and payment of invoices
* To handle bank guarantees issued by DP World UAE Region, renewals and cancellations.
* To handle letters of credit namely opening, amendments and follow up in an expedient manner.
* To alert user departments on expiry of Supplier's Bank Guarantee received in DP World UAE Region's favor to determine if further action required.
* To maintain Exchange Rates for accounting and circulate to all members within Group thereby ensuring all personnel are updated on current exchange rates.
* To assist the Treasurer on special assignments from time to time as required for smooth functioning of departmental operations.

About This Company

DP World is one of the largest marine terminal operators in the world, with 49 terminals and 9 new developments and major expansions across 31 countries(1). Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.

DP World aims to enhance customers' supply chain efficiency by effectively managing container, bulk and other terminal cargo. The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.

In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted "Best Seaport in the Middle East" for 16 consecutive years.

In 2010, DP World handled nearly 50 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 95 million TEU by 2020, in line with market demand.