Job Details
Type: Full Time
Post Date: 30+ days ago
Industry: Other
Job Description
Responsibilities
It is an end- to- end role with focus on Treasury operations of the Group.
Oversee forecast cash flow positions, related borrowing needs and funds available for investment
Use hedging to mitigate financial risks related to the currency and interest rates on the company's cash flows and borrowings, as applicable
Advise on the liquidity aspects of its short- and long-range planning
Maintain an efficient system of policies and procedures that impose an adequate level of control over treasury activities and provide support for regulatory reporting
Develop and execute a comprehensive cash management strategy to ensure the company's liquidity needs are met
Develop and maintain relationships with banks, investment brokers, and other financial institutions to ensure optimal cash management solutions and investment opportunities
Implement and manage risk management strategies to minimize the company's exposure to financial risk
Develop and maintain financial models to forecast cash flow and liquidity requirements
Ensure compliance with all financial regulations and reporting requirements
Monitor and analyze market trends and economic indicators to anticipate changes that may affect the company's financial position
Provide regular financial reporting and analysis to senior management and other stakeholders
Manage a team of treasury professionals, providing guidance and support as necessary
Participate in strategic planning initiatives and provide financial input to key business decisions.
Operational responsibility to efficiently manage day-to-day treasury operations and be responsible for Cash Management, FX dealing, Cash forecasting, and Treasury Projects
With the clear vision of creating an entrepreneurial legacy, Mr. Abdullah Saleh Al Mulla, the then Secretary of State of Kuwait, started a business trading in electrical appliances in downtown Kuwait City. With his keen business acumen, he was able to forge strong partnerships and utilize opportunities to create a network with reputed international brands. This determination paid off when he acquired the rights for General Electric in Kuwait. Since the company’s inception, Al Mulla Group has stood for unrivaled quality above all. This stemmed from the founder Mr. Al Mulla’s belief in enduring partnerships that stood the test of time. He believed that every successful business is built on mutual trust and respect, and that excellence and professionalism were key components of keeping pace with growth. Even today, these principles form the pillars of Al Mulla’s Groups business operations. Pioneering the Automotive Industry Prior to the oil boom era in the Middle East, Kuwait was a negligibly small automotive market. But as a man with a vision, Mr. Al Mulla identified an opportunity and seized it. In 1948, the Group signed on as the sole distributor for Chrysler, Dodge, and Plymouth automobiles in Kuwait – another partnership that has gone from strength to strength over the years. Diversifying the Business Seeing further opportunity beyond the notable achievements within the automotive sector, the Group looked towards expanding its portfolio with further acceleration. Being a family-run business rooted in ethics and values, the Group as a whole had no interest in garnering short-term profits – the goal was to create tangible and sustainable growth that could demonstrably keep pace with ever changing market demands and fluctuations. After substantial research and study, Al Mulla Group ventured into new domains that include engineering, financing, marine equipment, food products, insurance, and travel. Partnership with Mitsubishi With decades of automotive experience, in 1972, the Group clocked another milestone in its illustrious journey by becoming the sole distributor of Mitsubishi Motors in Kuwait. Even today, this exemplary partnership stands strong and has continued to blossom, with Al Mulla Group even successfully expanding the brand’s presence in Egypt by way of a joint venture. Different Arenas, One Brand Since it was first established, the Group has developed in structure and expanded exponentially. New subsidiaries were formed and exciting ventures were added to cater to the growing needs of the Group’s stakeholders and customers, with over 40 companies and subsidiaries currently under its umbrella. Among these are an office automation systems company, a manufacturing division, a financial services firm, a dedicated unit for security services, a money exchange service, as well as several other divisions – each of which is considered a leader in its sector in Kuwait. Throughout its journey, Al Mulla Group has staunchly abided by the principles of its founder and continues to honor its core values of excellence, professionalism, and innovation; which continue to be the cornerstone of our identity even today.
View All JobsJoin Our MuslimJobs Community
Join our community of professionals looking to grow in our careers and in our deen