Treasury Director

Position Overview

As the Treasury Director at DACO, you will play a pivotal role in shaping and executing the financial strategies that underpin the organization’s operational and strategic objectives. This senior leadership position is responsible for overseeing all treasury functions, including cash flow management, capital optimization, and cash collection processes, while ensuring strict adherence to regulatory requirements and maintaining the highest standards of financial integrity. Your expertise will be instrumental in driving operational excellence, fostering stakeholder relationships, and leading a high-performing treasury team across DACO’s three airports: DMM, HOF, and AQI.

Key Responsibilities

Strategic Leadership and Financial Governance

The Treasury Director will develop and implement robust treasury strategies that align with DACO’s vision, mission, and long-term goals. This involves:

• Designing and executing treasury strategies that ensure financial stability, liquidity, and capital efficiency across all three airports.
• Coordinating cash, capital, and cash collection initiatives to support organizational objectives while complying with regulatory frameworks.
• Establishing and monitoring key performance indicators (KPIs) to evaluate treasury operations, identify areas for improvement, and drive continuous enhancement.

Operational Excellence and Financial Management

In this role, you will oversee critical treasury operations to ensure seamless financial transactions and compliance:

• Lead the preparation and processing of payment documents, including payroll for employees, with unwavering accuracy and adherence to regulatory standards across DMM, HOF, and AQI.
• Manage bank accounts, review bank statements, and ensure compliance with Ministry of Finance (MoF) requirements, including the preparation of statistical reports.
• Supervise the execution of payment transfer instructions to banks, ensuring efficient cash allocation and liquidity management.
• Oversee the transfer of all revenues to the General Authority of Civil Aviation (GACA) and maintain optimal liquidity levels to support DACO’s operations.
• Manage the issuance, review, and lifecycle tracking of bank guarantees, including monitoring validity and expiry dates for all three airports.
• Ensure precise recording and management of various deposit types and associated documentation, including insurance-related deposits.

Insurance and Risk Management

The Treasury Director will also play a key role in managing insurance-related activities to mitigate financial risks:

• Coordinate with insurance providers to secure optimal coverage terms tailored to DACO’s operational needs.
• Oversee the claims process, ensuring timely and accurate resolution to minimize financial exposure.
• Monitor trends and external factors that may impact DACO’s risk profile, providing strategic recommendations to senior management.

Stakeholder Engagement and Team Leadership

Building and maintaining strong relationships with internal and external stakeholders is essential to this role:

• Cultivate collaborative partnerships with regulatory authorities, financial institutions, and the Holding Company to ensure seamless treasury operations.
• Communicate effectively with cross-functional departments to implement and reinforce treasury best practices.
• Work closely with Commercial and other departments to identify opportunities for improving cash collection processes and ensuring accurate revenue recognition.
• Lead, mentor, and develop the treasury team by setting clear performance expectations, providing regular feedback, and fostering a culture of accountability and continuous improvement.
• Develop and deliver training programs to enhance the technical and operational skills of the treasury team.

Budgeting, Financial Planning, and Compliance

The Treasury Director will also be responsible for financial planning, risk mitigation, and regulatory compliance:

• Assist in developing and managing the treasury department’s budget, ensuring efficient resource allocation and cost optimization.
• Monitor financial performance, identify cost-saving opportunities, and implement measures to achieve financial targets across all three airports.
• Prepare comprehensive budget reports for senior management, offering actionable insights and recommendations for financial planning and treasury operations.
• Manage DACO’s financial resources, including cash flow, investments, and capital expenditures, to ensure optimal utilization and alignment with strategic goals.
• Drive the automation and continuous improvement of financial processes to enhance scalability, efficiency, and accuracy.
• Evaluate and implement long-term financial plans and investment strategies to support DACO’s growth and sustainability.
• Ensure full compliance with all regulatory requirements and industry standards governing treasury operations, including risk management and financial reporting.