Deputy Manager - Group Treasury

Job Purpose

Overall responsibility for managing all the investment related activities within the group, managing relationship with banks, and other internal and external stakeholders, leading working capital & cash flow management for all group companies, exploring innovative products on investments, risk management and automation.

Key Accountabilities & Performance Indicators 1/4

i.    To oversee origination, structuring and execution of all investment activities across the group

Group Investment Portfolio Management: ~PKR 100 Billion
i.    Constructing successful investment portfolios informed by market conditions, economic trends, earnings prospects, financial statements and various other indicators/factors
ii.    Reviewing new investment options/avenues offered by banks and mutual funds in order to recommend those that may be suitable for group companies
iii.    Recommending changes to optimize investment policies based on information about market conditions or potential gains from making adjustments
iv.    Developing strategic investment plans for group companies based on their risk tolerance and time horizon for their investments
v.    Management of buying and selling securities in individual (company’s) accounts to maintain specific investment strategy in line with investment objective.
vi.    Determination of acceptable risk levels for group companies based on time frames, risk preferences, return expectations and market conditions

Key Accountabilities & Performance Indicators 2/4

Group Investments Performance Management: ~PKR 10 Billion investment income
i.    Performance evaluation of investment portfolios and ensuring compliance with investment policies of each of the group companies
ii.    Review of performance reports from fund managers to ensure compliance with group standards for performance, benchmarks & asset allocation
iii.    Determination of benchmarks for investment performance management and analysis
iv.    Management of information disseminated to group companies including information related to market conditions, updates on investment research and economic trends, future cash flow requirements and updates on investment performance analysis
v.    Continuous monitoring of income tax environment enabling tax efficient investment decisions 
vi.    Management of information for presentation in entity board meetings and leadership teams
vii.    Risk Management
viii.    Develop strategies to maintain investment risk, interest rate risk and liquidity risk to acceptably low levels for group companies
ix.    Liaison with group company’s leadership teams on strategic fund management, investment performance reports and other deliverables

Key Accountabilities & Performance Indicators 3/4

Group Cash Flow Management: ~PKR 300 B
i.    Management of group cash flow requirements and forecasts
ii.    Efficient working capital management in line with cash flow requirements of individual group companies

Networking & Relationship Management
i.    Relationship management with Banks, Treasuries and Mutual Funds through frequent deliberations and networking with key management teams

Macro Economic Forecasts & Corporate Planning
i.    Analysis, management & dissemination of macro economic forecasts for financial planning and performance management to group companies
ii.    Review of corporate plans of each group company and suggest optimization strategies to enhance share holder value
iii.    Leadership

Leading Group Treasury Investment Team:
i.    Resource management through direction, administration and control of the day to day operations and activities of team members in their assigned area.
ii.    Providing leadership, support and guidance to team members
iii.    Management of staffing through appropriate hiring, resource backups and their growth in collaboration with HR.
iv.    Development of the area management team/succession planning through coaching, training, and leadership development.
v.    Implementation of a strong and robust communications process between all members within the team and across the division as needed by leading communications sessions and meetings.

Key Accountabilities & Performance Indicators 4/4

Future Projects
i.    Working Capital Optimization
a.    Analysis of working capital operating cycle for each group company for optimization strategies that enhance overall group value
b.    Implementation of optimization strategies in line with individual company’s cash operating cycle
ii.    Automation of Group Treasury Management 
a.    Lead the project for automation of group treasury management
b.    Work towards evaluation of Treasury Management Solutions/Systems currently offered in the market for centralized ERP integration
c.    Work towards the stewardship for implementation of Treasury Management System and its successful integration with SAP

Stakeholder Management
iii.    Proactive engagement with group companies to assess working capital and investment needs and ensure highest professional standard of customer service is provided to them 
iv.    Develop engagement plans for ECorp and subsidiaries senior management to meet regularly with bank treasuries, AMCs and other key stakeholders.
v.    Act as a coach and leader to the team and live the core values of Engro in line with the Central Idea and other critical frameworks implemented at Engro. 
vi.    Provide strategic and tactical direction to teams, ensure the team remains motivated, highly empowered, and performing at optimum standards while delivering the best quality of output.

Legal
i.    Supervise all investments and intercompany lending documentation for various kind of investments facilities

Leadership and Functional Competencies

Key Knowledge Areas

Education & Technical Qualifications

Certifications

Professional Experience

1.    8+ years of experience in investment banking and / or corporate treasury
2.    Extensive understanding of financial statements, capital structuring, corporate finance and financial modelling
3.    Expert level knowledge of all investments, financing and hedging products including deposits, government bonds, sukuks, Mutual Funds, LT Loans, foreign loans, project financing, debt syndicates and capital markets
4.    A working knowledge of corporate capital-raising methods like stocks, bonds, and securities may also be a critical function in this position. 
5.    Past experience with initial public offerings (IPO) of stock and issuing bonds to raise capital provides an advantage to anyone in this position.
6.    Relationships with local and foreign banks, multilaterals, AMCs, DFIs, regulators, associations and etc.
7.    Understanding of Prudential Regulations, SECP laws, financing and security documents