Assistant Manager - Dubai, United Arab Emirates - al futtaim group

Description

• Assist in determining Group andcountry cash levels.
• Decide on necessaryactions to be taken based on the daily cash position, facilityutilization and headroom
• Provide inputs andrecommendation to Manager – Cash Management to mobilizecash to manage liquidity efficiently (minimize interestcosts)
• Ensure efficient cash management on adaily basis by working closely with the Manager – CashManagement, as well as the Invoice-to-Pay (I2P), divisions andbusiness units' Financial planning and analysis(FP&A) teams.
• Ensure that accounts arefunded in right currency and on-time
• Assistingin optimization of cash concentration at header level whilstensuring the divisions' daily liquidityrequirements
• Assist in negotiation of group andcountry cash pooling arrangements
• Regularlyreviewing the structure and pricing of cash managementsolutions
• Ensure proper records are maintainedin Treasury Management Systems (TMS) for all transaction, workingclosely with Treasury Back Office Tower(TBOT)
• Short term Cash Flowforecasts
• Assist in setting group-wide cashforecasting guidelines
• Report and analyse ashort term 12-month rolling direct cash flow forecast on abi-weekly basis in conjunction with divisions and businessunits' Financial planning and analysis (FP&A)teams
• Assist in assessing the fundingrequirements for the Group and itssubsidiaries
• Consolidate and maintain cash flowforecasts in Anaplan
• Perform regular varianceanalysis reports and discuss deviations with thedivisions
• Prepare and maintain consolidatedshort-term cash flow forecast as per the Manager – CashManagement guidelines
• Assist in the Managementof In-House bank (IHB) funding strategy
• Assessin coordination with Senior Manager – cash management andGlobal Treasury Center - Financial Risk Management (GTC/FRM)whether short term cash requirements should be funded from internalor external sources
• Assist in managing anin-house bank aimed at funding all short-term transactions onbehalf of the Group companies from either pooled cash orutilizations of trade finance facilities provided by banks,optimizing net interest for Group and Groupcompanies
• Ensure proper records are maintainedin TRM for all transaction, workiing closely with Treasury BackOffice Tower (TBOT)
• Ensure compliance withGroup treasury policies
• Provide inputs toGlobal Treasury Center - Governance, Risk Control &Transformation (GTC/GRCT) team on all reportingaspects
• Coordinate with TBOT to run daily cashposition reports
• Provide inputs into cashmanagement strategy including IHB and treasurypolicies
• Support all Treasury transformationprojects, including further roll-out of TMS, and automated cashpooling strategies across the Groupentities
• Support Trade Finance function as andwhen required
• Prepare Adhoc reports as and whenrequired
• Excellent skills and knowledge ofMicrosoft Office
• Knowledge of SAP TRM orequivalent is a plus
• Analyticalskills
• Knowledge of banking products– Trade Finance