Assistant Manager

2 weeks ago


Dubai, United Arab Emirates al futtaim group Full time
  • 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


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