Treasury Specialist

تاريخ النشر 23-2-2021

نص متطلبات الوظيفة

Hitachi ABB Power Grids is a pioneering technology leader that is helping to increase access to affordable, reliable, sustainable and modern energy for all. We help to power your home, keep the factories running, and our hospitals and schools open. Come as you are and prepare to get better as you learn from others. Bring your passion, bring your energy, and plug into a team that appreciates a simple truth: Diversity + Collaboration = Great Innovation

Great opportunity for Saudis Treasury Specialist responsible for ETF (Letter of Guarantees / Letter of Credits) and Core Treasury activities at Front Office.

Your Responsibilities
  • ETF: Letter of Guarantees :
  • a) Maintain TFL tool access rights.
  • b) Complete bank guarantee application request in TFL tool by copying necessary information from approved bank guarantee application LN workflow.
  • c) Liaison with legal/regional ETF advisory for special bank guarantee texts, other than standard SAMA format.
  • d) Update TFL tool with information of bank guarantees requested manually, outside the Bolero system.
  • e) Process Bank guarantee amendments.
  • f) Arrange to deliver/collect documents to/from banks & business lines.
  • g) Process bank guarantee cancellations.
  • h) Maintain bank guarantee master data file.
  • i) Get Bank advice for letter of guarantee charges.
  • j) Reconciliation of outstanding bank guarantee with Bank guarantee master data, Bank records & TFL Tool.
  • Core treasury FO activities :
  • a) Receive payment request from GBS AP.
  • b) Get the approval from Hub Treasury manager for uploading payment requests into HSBC Net.
  • c) Upload payment requests in HSBC Net, print & file the requests for records.
  • d) Check SADAD(Govt. payments) bills for Custom Duty payments & utility bills etc. in HSBC Net whether it is appearing for payment. Custom duty payments must be settled within the same day.
  • e) Submit payment request documents to Authorized Finance Signatory for release in HSBC Net.
  • f) Follow-up with the second bank signatory for approval to complete the execution cycle of bank payments.
  • g) Follow-up emergency payment to be released.
  • h) Monitor Cash Balance against pending payment requests awaiting approval.
  • i) Arrange internal transfer of funds between. bank accounts upon instruction from Hub Treasury Manager.
  • j) Provide bank payment advise to vendors.
  • k) Handover payment request documents to GBS AP team for matching & Clearing.
  • l) Get collection /payment forecast from Business Controllers for liquidity planning.
  • m) Arrange reply to bank queries for additional documentation etc.
  • n) Manage manual transfers & other. correspondence with the bank.
  • o) Arrange to deliver/collect documents to/from bank.
  • ETF: Letter of Credits :
  • a) General awareness of UCP 600 operational knowledge.
  • b) LC Bills verification with reference to the LC Document.
  • c) Follow-up with business lines for missing documents, if any.
  • d) Verify that the documents are supported with VAT invoice from SAP.
  • e) Prepare Negotiation / presentation cover letter.
  • f) Prepare Bill of exchange.
  • g) Follow-up on Bills submitted for acceptance. of discrepancy, if any
  • h) LC Bills master file maintenance and status update.
  • i) LC Bills discounting.

Your background
  • Bachelor Degree in Commerce / Finance – Banking Trade Courses / Workshops attended.
  • Minimum 5 to 7 years experience in Treasury & Finance / banking at Trade Services Area is required in any Large Local or Multinational company.
  • Language for Job manage requirement major is English .
  • SAP Financial Modules, MS office.

More About Us

Hitachi ABB Power Grids is a global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries. Headquartered in Switzerland, the business serves utility, industry and infrastructure customers across the value chain, and emerging areas like sustainable mobility, smart cities, energy storage and data centres. With a proven track record, global footprint and unparalleled installed base, Hitachi ABB Power Grids balances social, environmental and economic values, and is committed to powering good for a sustainable energy future, with pioneering and digital technologies, as the partner of choice for enabling a stronger, smarter and greener grid. www.hitachiabb-powergrids.com
Business Function Finance

Seniority Level

Entry level

Industry

  • Marketing & Advertising 
  •  
  • Information Technology & Services 
  •  
  • Human Resources

Employment Type

Full-time

Job Functions

  • Finance 
  •  
  • Sales
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