Bank Relation Manager
at 700Apps
Riyadh, منطقة الرياض, Saudi Arabia -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 24 Nov, 2024 | Not Specified | 28 Aug, 2024 | N/A | Financial Risk Management,Bank Relationship Management,Mitigation Strategies,Finance,Cash Flow Forecasting | No | No |
Required Visa Status:
Citizen | GC |
US Citizen | Student Visa |
H1B | CPT |
OPT | H4 Spouse of H1B |
GC Green Card |
Employment Type:
Full Time | Part Time |
Permanent | Independent - 1099 |
Contract – W2 | C2H Independent |
C2H W2 | Contract – Corp 2 Corp |
Contract to Hire – Corp 2 Corp |
Description:
ABOUT 700APPS:
700Apps is a leading technology company specializing in software development. We are currently seeking a Bank Relation Manager to join our team. As a Bank Relation Manager, you will be responsible for developing and maintaining strong relationships with banks and financial institutions to support the company’s financial needs. You will work closely with the finance team to manage banking relationships, negotiate loan terms, and ensure efficient cash flow and liquidity management.
REQUIREMENTS:
- Bachelor’s degree in Finance, Business Administration, or a related field. Master’s degree or professional certifications (e.g., CTP, CFA) is a plus.
- Proven experience of at least 5 years in bank relationship management, or a related field.
- Experience in managing bank accounts, cash flow forecasting, and cash management activities.
- Expertise in financial risk management and developing risk mitigation strategies.
- Excellent analytical and problem-solving skills, with attention to detail.
- Strong communication and negotiation skills.
- Proficiency in using treasury management systems and financial software.
- Ability to work well in a cross-functional team environment.
- Familiarity with banking regulations and compliance requirements.
Responsibilities:
- Develop and maintain strategic relationships with banks and financial institutions to secure favorable loan terms and financing options.
- Negotiate lending terms and conditions, including lines of credit, term loans, and other borrowing arrangements.
- Analyze the company’s financial position and needs to identify suitable financing options and evaluate terms offered by financial institutions.
- Ensure proper documentation and compliance with internal policies and regulatory requirements for loan applications.
- Monitor and analyze borrowing costs, repayment schedules, and adherence to loan covenants.
- Prepare reports for senior management on financing status and provide recommendations for optimizing financing approaches.
- Collaborate with the finance team to align financing strategies with overall corporate goals and cash management practices.
- Stay updated on market trends, interest rates, and competitor financing strategies to provide insights and recommendations.
- Address any issues or concerns that arise during the lending process and maintain positive working relationships with lending institutions.
REQUIREMENT SUMMARY
Min:N/AMax:5.0 year(s)
Financial Services
Accounts / Finance / Tax / CS / Audit
IT
Graduate
Finance business administration or a related field
Proficient
1
Riyadh, Saudi Arabia