Treasury Manager
Location: Abu Dhabi
About The Role
The Treasury Manager is a senior leadership position within the Group Finance Division, responsible for leading all treasury activities across the Group's construction, real estate development, architecture, and design businesses. The role is accountable for ensuring optimal liquidity, funding, capital allocation, and financial risk management while supporting the Group's strategic growth across the GCC and wider MENA region.
Working closely with the Senior Group Finance Director, executive leadership, and banking partners, the Treasury Manager will establish treasury governance, optimize financing structures, safeguard cash resources, and ensure compliance with regulatory and corporate treasury standards.
Key Responsibilities
1. Treasury Strategy & Governance
- Develop and implement the Group's treasury strategy, policies, and governance framework aligned with the overall financial strategy.
- Establish and maintain treasury policies covering liquidity management, investments, funding, banking relationships, and counterparty risk.
- Serve as the principal treasury advisor to the Senior Group Finance Director and Executive Leadership on capital structure, funding strategy, and treasury-related matters.
- Continuously review treasury policies to ensure alignment with market developments and business growth.
2. Liquidity & Cash Management
- Lead daily treasury operations, ensuring sufficient liquidity across multiple legal entities, business units, and currencies.
- Oversee Group-wide cash positioning, cash pooling, intercompany funding, and working capital optimization.
- Develop robust short-, medium-, and long-term cash flow forecasts to support operational and strategic decision-making.
- Optimize returns on surplus cash through appropriate investment instruments while maintaining capital preservation and liquidity objectives.
- Monitor banking positions and ensure efficient cash utilization across the Group.
3. Debt & Capital Financing
- Lead the structuring, negotiation, and execution of financing arrangements, including:
- Project finance
- Revolving credit facilities
- Bilateral and syndicated loans
- Islamic finance facilities (Murabaha, Ijara, Sukuk)
- Corporate financing transactions
- Manage relationships with local and international banks, financial institutions, development finance institutions (DFIs), and capital market participants.
- Monitor debt covenants, financing obligations, and lender reporting requirements.
- Identify refinancing opportunities and recommend capital structure improvements to optimize funding costs and financial flexibility.
4. Financial Risk Management
- Identify, assess, and manage the Group's exposure to foreign exchange, interest rate, liquidity, and commodity price risks.
- Develop and execute approved hedging strategies using appropriate financial instruments, including forwards, swaps, and options.
- Monitor market conditions and provide strategic recommendations on interest rate and foreign exchange movements affecting the Group.
5. Project & Development Finance Support
- Partner with project teams to provide treasury and funding support for major development and construction projects.
- Coordinate financing drawdowns, repayments, and lender compliance throughout project lifecycles.
- Assess treasury implications of new investments, acquisitions, partnerships, and joint ventures.
- Support financial close activities for large-scale development projects.
6. Banking & Stakeholder Management
- Develop and maintain strategic banking relationships while negotiating competitive banking terms and pricing.
- Manage all banking facilities, including:
- Performance guarantees
- Letters of credit
- Bank guarantees
- Surety bonds
- Coordinate KYC, AML, and banking documentation with Legal and Compliance teams.
- Regularly evaluate banking partners to ensure optimal service levels and cost efficiency.
7. Treasury Systems, Controls & Reporting
- Lead the administration and continuous improvement of Treasury Management Systems (TMS).
- Ensure integrity, accuracy, and security of treasury data and reporting.
- Prepare monthly, quarterly, and annual treasury reports for executive management, the Board, and Audit Committee.
- Strengthen treasury controls, automation, and reporting capabilities through process improvement initiatives.
- Ensure compliance with applicable IFRS requirements, UAE regulatory standards, and internal governance policies.
8. Leadership & Cross-Functional Collaboration
- Lead, mentor, and develop the treasury team through coaching, performance management, and succession planning.
- Foster a culture of accountability, collaboration, and continuous improvement.
- Work closely with FP&A, Financial Reporting, Tax, Legal, Procurement, Project Finance, and Operations to support business objectives.
- Contribute to broader finance transformation initiatives and strategic projects.
Qualifications & Experience
- Bachelor's degree in Finance, Accounting, Economics, or a related discipline.
- MBA, MSc Finance, or professional qualification such as ACT, CFA, CPA, or ACCA is highly preferred.
- 12–15+ years of progressive treasury and corporate finance experience, including at least 5 years in a treasury leadership role.
- Proven experience within construction, real estate development, infrastructure, engineering, or another capital-intensive industry.
- Strong knowledge of GCC banking markets, UAE financial regulations, and Islamic financing structures.
- Demonstrated success in structuring and executing complex financing transactions, including project finance and syndicated lending.
- Experience managing treasury activities across multiple legal entities and currencies.
Technical Skills
- Strong knowledge of treasury operations, liquidity management, and financial risk management.
- Experience with foreign exchange hedging, interest rate management, and derivative instruments.
- Proficiency with Treasury Management Systems (TMS); experience with Oracle Fusion, SAP Treasury, Kyriba, or similar platforms is advantageous.
- Advanced Excel and financial modelling capabilities.
- Experience with Power BI or other business intelligence tools is desirable.
- Solid understanding of IFRS (including IFRS 9), corporate finance principles, and UAE regulatory requirements.
