Treasury Section Head

About Us: "Novochem" is a factory for manufacturing and marketing chemical and petrochemical construction materials that used in building and construction industries and backed-by a group of companies and investors.

Our products are manufactured according to the most recent recognized standards worldwide with consulting of Egyptian and European Expertise.

Job Summary The Treasury Section Head is responsible for managing and overseeing the Novochem’s daily treasury operations, ensuring effective cash and liquidity management, timely execution of payments, and proper control over banking activities. The role ensures accurate cash flow monitoring and forecasting, maintains strong banking relationships, and supports the company’s financial stability through effective treasury planning and internal controls. The position leads the Treasury team and works closely with Finance, Accounting, Procurement, and senior management to ensure efficient utilization of cash resources, compliance with treasury policies, and accurate and timely treasury reporting. Key Responsibilities Lead and supervise daily treasury activities and treasury team members.

Monitor daily cash positions and ensure adequate liquidity to meet business requirements.

Manage bank accounts, cash transactions, deposits, transfers, and payments.

Prepare and monitor short-term cash flow forecasts and liquidity requirements.

Ensure timely and accurate execution of approved payments.

Review bank reconciliations and ensure timely resolution of discrepancies.

Maintain effective internal controls over cash, banking, and payment activities.

Manage day-to-day banking relationships and coordinate banking facilities, guarantees, transfers, and related requirements.

Ensure accurate recording and reporting of treasury transactions through the ERP system (Odoo).

Develop, implement, and continuously improve treasury procedures and controls.

Prepare periodic cash position, liquidity, and treasury reports for management.

Support internal and external audits by ensuring proper documentation and compliance.

Coordinate with Finance, Accounting, Procurement, and other relevant departments to ensure smooth cash and payment processes.

Identify opportunities to improve treasury efficiency, cash utilization, and banking processes.

Strong experience in cash and bank management.

Bank reconciliation and daily cash position monitoring.

Payment planning and execution.

Cash flow monitoring and forecasting.

Banking relationships and facilities.

Internal controls and treasury policies.

ERP systems (Preferably Odoo) and advanced Excel.

Experience supervising treasury staff.

Strong coordination with Finance, Accounting, Procurement, and senior management.

Preferably experience in a manufacturing or industrial environment.