Assistant Manager - Cash Management, Al Futtaim Private Company LLC, Dubai, UAE

Job Requisition ID: 154185 

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. 

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

 

 

 

Al Futtaim Global Treasury Center is currently seeking a treasury professional to join their team in the capacity of Assistant Manager - Cash Management.

 

JOB PURPOSE

As part of the Cash Management and Trade Finance (CMTF) vertical within the Global Treasury Center (GTC) based in Dubai, UAE, the Assistant Manager – Cash Management will support the Senior Manager – Cash Management in managing cash transactions across and on behalf of the Al Futtaim Group entities in the UAE, GCC, Singapore, Malaysia and Hong Kong, in compliance with treasury policies and procedures. The role is division agnostic, meaning that all activities will be performed on behalf of all the Al Futtaim Group entities, subject to certain exceptions. 

 

KEY ACCOUNTABILITIES

Cash Management

Assist in determining Group and country cash levels.

Decide on necessary actions to be taken based on the daily cash position, facility utilization and headroom

Provide inputs and recommendation to Senior Manager – Cash Management to mobilize cash to manage liquidity efficiently (minimize interest costs)

Ensure efficient cash management on a daily basis by working closely with the Senior Manager – Cash Management, as well as the Invoice-to-Pay (I2P), divisions and business units’ Financial planning and analysis (FP&A) teams.

Ensure that accounts are funded in right currency and on-time 

Assisting in optimization of cash concentration at header level whilst ensuring the divisions’ daily liquidity requirements

Assist in negotiation of group and country cash pooling arrangements

Regularly reviewing the structure and pricing of cash management solutions

Ensure proper records are maintained in Treasury Management Systems (TMS) for all transaction, working closely with Treasury Back Office Tower (TBOT)

Short term Cash Flow forecasts

Assist in setting group-wide cash forecasting guidelines

Report and analyse a short term 12-month rolling direct cash flow forecast on a bi-weekly basis in conjunction with divisions and business units’ Financial planning and analysis (FP&A) teams

Assist in assessing the funding requirements for the Group and its subsidiaries

Consolidate and maintain cash flow forecasts in Anaplan

Perform regular variance analysis reports and discuss deviations with the divisions

Prepare and maintain consolidated short-term cash flow forecast as per the Senior Manager – Cash Management guidelines 

In-house Bank

Assist in the Management of In-House bank (IHB) funding strategy

Assess in coordination with Senior Manager – cash management and Global Treasury Center - Financial Risk Management (GTC/FRM) whether short term cash requirements should be funded from internal or external sources

Assist in managing an in-house bank aimed at funding all short-term transactions on behalf of the Group companies from either pooled cash or utilizations of trade finance facilities provided by banks, optimizing net interest for Group and Group companies

Ensure proper records are maintained in TRM for all transaction, working closely with Treasury Back Office Tower (TBOT)

Governance and Transformation

Ensure compliance with Group treasury policies

Provide inputs to Global Treasury Center - Governance, Risk Control & Transformation (GTC/GRCT) team on all reporting aspects

Coordinate with TBOT to run daily cash position reports

Provide inputs into cash management strategy including IHB and treasury policies

Support all Treasury transformation projects, including further roll-out of TMS, and automated cash pooling strategies across the Group entities

Other Adhoc responsibilities

Support Trade Finance function as and when required

Prepare Adhoc reports as and when required

 

 

QUALIFICATIONS, EXPERIENCE, & SKILLS

Educational Qualification:

Bachelor’s degree in Finance/accounting or equivalent – Masters degree is a plus or a professional qualification in finance eg. CFA, FRM, ACT etc.

Minimum Experience and Knowledge: 

Three to five years of experience in a similar role with a large conglomerate or a large multinational corporation. Knowledge of banking products – Trade Finance

Job-Specific/Technical Skills required to complete the tasks:

Excellent skills and knowledge of Microsoft Office, knowledge of SAP TRM or equivalent is a plus, analytical skills

 

 

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

 

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

 

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

https://www.afuturewithus.com/job/Dubai-Assistant-Manager-Cash-Management-Global-Treasury-Center-Corporate-Services/925744101/

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