Assistant Manager

1 week ago


Dubai, Dubai, United Arab Emirates al futtaim group Full time
  • 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 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 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 Manager – Cash Management guidelines
  • 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, workiing closely with Treasury Back Office Tower (TBOT)
  • 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
  • Support Trade Finance function as and when required
  • Prepare Adhoc reports as and when required
  • Excellent skills and knowledge of Microsoft Office
  • Knowledge of SAP TRM or equivalent is a plus
  • Analytical skills
  • Knowledge of banking products – Trade Finance


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