Assistant Manager - Cash Management

؜ - ؜دبي ؜ -

تفاصيل الوظيفة

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 Group treasury department 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.

ملخص الوظيفة

  • المُعلن : Al-Futtaim
  • تاريخ الإعلان : 10/06/2022
  • نوع العمل : -
  • مستوى الخبرة : -
  • المستوى التعليمي : -
  • مكان العمل : دبي
  • الراتب : -
  • الهاتف : -

وظائف أخرى مثل هذه الوظيفة

دبي
02/12/2023

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 …

دبي
13/10/2023

#### **_Job Details:_** _Oversee the day-to-day management of liquidity and cash flow._ __ _Develop accurate cash flow forecasts to facilitate short- and long-term financial planning._ __ _Manage relationships with banking institutions and negotiate advantageous credit conditions._ __ _…

القاهرة
14/06/2022

The Mkt Segments & Svcs Specialist is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined a…

دبي
14/12/2023

* **_Facilities ' Operations Management: _** * Take full ownership of the operation & maintenance of all facilities and infrastructure within the designated area. * Oversee day-to-day activities, including preventive maintenance, repairs, cleaning etc. of all MEP, Civil and soft services to gu…

دبي
01/07/2022

Department Description: The Transaction Banking ServicesTBS unit provides a fullfeatured product suite covering Trade and Supply Chain Finance Cash Management and Payment Solutions which enables clients to optimize their working capital and also build efficiency and automation in their daytoday b…

دبي
17/02/2023

**POSITION SUMMARY** When you think Nestle, what's the first thing that comes to mind? We might be known as the world's biggest food and beverages company, but much more goes into the DNA that makes us who we are. You will act as the Head of Sales right hand and will coordinate, manage and update t…

دبي
22/07/2022

### **_Job Responsibilities:_** * _Accompany Wealth Managers in the commercial relationship and the operational support of our clients, in order to discover the management of a client portfolio as a whole._ * _Participate on a daily basis in the management and monitoring of our clients ' accoun…

دبي
17/01/2023

### **_Job Information:_** _Coordinate and perform various tasks outside - within the organization_ _Preparation of purchase/employment requisition documents Supervise and record the disbursement of project office equipment._ _Follow up on the progress of work, prepare documents, record data, ma…

دبي
09/02/2023

### **_Job Information:_** _Develop and implement indicators, dashboards, management and monitoring tools, procedures as well as verification of their proper use;_ _Break down/analyze cost prices, costs;_ _Preparation of budgets;_ ### **_Job Experience:_** * _Produce regular reports on activit…

دبي
23/03/2023

### **_Job Description:_** * _Assist the Area Management in administrative needs._ * _Manage the agenda of the Area Management, for the organization of meetings, trips and activities in general._ * _Process the payment of invoices or services generated by the different departments of the M…

Language: English