JOB PURPOSE

As a Lead Treasury Operations at Careem, your primary role is to ensure the efficient management of financial resources by assisting in monthly forecasting, fund allocation, and loan reconciliation at the console level. You will play a crucial role in maintaining accurate financial records, managing intercompany loans and interest, and coordinating repatriation efforts across local markets. Additionally, you will serve as a liaison between local markets and regulatory banks, ensuring compliance with local regulations. Your responsibilities extend to managing bank accounts, facilitating signatory updates, and aligning procurement and payroll teams on banking details. Your attention to detail and collaboration with cross-functional teams will contribute to the smooth operation of our treasury function, guarantee management, and financial reporting, ultimately supporting our financial stability and growth.

KEY ACCOUNTABILITIES

Key deliverables of this positions are:

Forecast and Fund Management:

• Assist in preparing monthly forecasts (MDD) and arrange funds at Careem FZ LLC at the console level.
• Provide funds to the markets in alignment with approved budgets.

Intercompany Loan Management:

• Record and reconcile all Intercompany loans at Careem console level and with Uber.
• Record and reconcile Intercompany Interest over the IC loan and Uber interest.
  Plan and execute IC Loan Repatriation from local markets.
  Liaison between local markets and respective regulatory banks for local regulation compliance on repatriation.

Banking Operations:

• Compile and maintain all master bank account data at one platform, including registered signatories and commercial aspects.
• Ensure timely updating of signatories with all banks.
• Open Citi bank accounts across all BU's and manage the closure of local bank accounts.
• Implement Uber signatory additions across the Careem accounts.
• Implement a Live balance view of 40+ bank accounts at Citibank portal.

Cross-functional Collaboration:

• Liaison between local finance, treasury, and Uber teams to update signatories.
• Collaborate with Citi team on the required BU file format.
• Align procurement and payroll teams on updating supplier and colleague banking details on Oracle.
• Ensure auto-generation of BU file in Oracle with the ERP team.
• Ensure the auto-generated BU File is transmitted to Citi bank without any manual intervention.
• Liaison between ERP, local finance, and Citi bank teams to ensure smooth H2H connectivity.

Risk Management and Reporting:

• Manage Bank Guarantees, including issuance, refunding, and overall management at the UAE level.
• Provide monthly Bank Guarantee schedule reporting to Uber.
• Handle console-level reporting for Post Dated Cheques.
• Conduct Bank vs. GL comparison reporting to ensure accurate closing balances.
• Clear GLs while considering audit points.
• Generate User Access Reports of all users and authorizers for Uber across all bank accounts within Careem.
• Oversee treasury-related Oracle transactions

QUALIFICATIONS AND EXPERIENCE

Qualifications:

• MBA Finance/ ACCA or CA Qualified / CIMA Qualified

Experience:

• 4-5 Years of experience in finance