Manager - Cash Management

5 months ago


Dubai, United Arab Emirates Al-Futtaim Full time

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.

We are currently seeking an experienced finance professional to join our Global Treasury Center team in the capacity of Manager - Cash Management.

**Overview of the role**
As part of the Cash Management and Trade Finance (CMTF) vertical within the Global Treasury Center (GTC) based in Dubai, UAE, the Manager - Cash Management is responsible for overseeing Al Futtaim cash pooling arrangement and ensuring smooth daily treasury operations in UAE for the Group and on behalf of the Al Futtaim Group entities in the UAE.

**What you will do**

**Cash Management**

For Group entities and subsidiaries participating in the automated physical cash pooling arrangements:

- Manage and optimize the cash pooling arrangements in UAE.
- Ensure timely funding of the header account to prevent overnight overdrafts and maintain adequate liquidity levels by working closely with his/her direct reports, the Senior Manager - Cash Management, Treasury Back Office Tower (TBOT), as well as the Invoice-to-Pay (I2P), divisions and business units’ Financial planning and analysis (FP&A) teams.
- Determine Group cash levels in UAE and ensure a minimum cash buffer is maintain at the Group level.
- 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)
- Proactively identify potential risk and implement appropriate controls to mitigate them.
- Assist in negotiation of group and country cash pooling arrangements
- Regularly review the structure and pricing of cash management solutions.

For entities not participating in the automated physical cash pooling arrangement:

- Determining subsidiaries cash levels in UAE and ensure a minimum cash buffer is maintain at the Group and subsidiary level.
- Optimize cash concentration at header level whilst ensuring the divisions’ daily liquidity requirements are addressed.
- Ensure timely funding of the subsidiary account to prevent overnight overdrafts and maintain adequate liquidity levels by working closely with his/her direct reports, the Senior Manager - Cash Management, Treasury Back Office Tower (TBOT), as well as the Invoice-to-Pay (I2P), divisions and business units’ Financial planning and analysis (FP&A) teams.
- Ensure proper records are maintained in Treasury Management Systems (TMS) for all transaction, working closely with his/her team and Treasury Back Office Tower (TBOT)

**Short term Cash Flow forecasts**
- 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
- Prepare Group 12 months direct cash flow forecast report on a monthly basis.
- Perform regular review sessions with Divisions and provide bi-weekly updates.
- Perform regular variance analysis reports and discuss deviations with the divisions
- Assess the funding requirements for the Group and its subsidiaries
- Consolidate and maintain cash flow forecasts in Anaplan.

**In-House Bank**
- Assist in the Management of In-House bank (IHB) funding strategy
- Decide 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
- Manage 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 and SOPs
- 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
- Pro


  • Assistant Manager

    6 months ago


    Dubai, United Arab Emirates Al-Futtaim Full time

    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...


  • Dubai, United Arab Emirates Gulf International Bank Full time

    Job Description Meet assigned sales goals/targets related to GTB Cash Management business activity. Actively work closely with the Relationship Managers to increase share of wallet from existing and new clients by providing them GTB products and services according to their business needs. Effectively channeling customer feedback and market competition to...


  • Dubai, United Arab Emirates Nestle Operational Services Worldwide SA Full time

    **Cash Management Analyst** *** Joining Nestlé means you are joining the largest food and Beverage Company in the world. At our very core, we are a human environment - passionate people driven by the purpose of enhancing the quality of life and contributing to a healthier future. In this role, you will be responsible for managing cash management...

  • Cash Finance Manager

    6 months ago


    Dubai, United Arab Emirates CharterHouse Full time

    **Job description**: Charterhouse are undertaking a live search, to source a Cash Finance Manager, for a client within the commodities and supply chain sector. This role, with a reporting Line to a Head of Treasury, shall take overall responsibility for the cash flow management and controllership across the organisation. **About the role** This role shall...


  • Dubai, Dubai, United Arab Emirates Gulf International Bank Full time

    Job Title: Cash Management Sales ManagerKey Responsibilities: Meet assigned sales goals and targets related to GTB Cash Management business activity. Actively work closely with Relationship Managers to increase share of wallet from existing and new clients by providing them GTB products and services according to their business needs.Key Skills: Strong skills...


  • Dubai, United Arab Emirates Leading Edge Full time

    We are seeking a highlyexperienced Senior Cash Management Product Manager with at least 15years of experience and a strong expertise in cash managementproducts specifically in notional pooling and sweeping for ourclient. The ideal candidate will have a proven track record ofdeveloping and implementing cash management products as well as adeep understanding...


  • Dubai, United Arab Emirates Xad Technologies LLC Full time

    **Job description** Job description Experience: Miniman 3 years of experience as a Cashier/ Accountant. Job description: To provide support to the accounts department in processing transactions, issuing cheques, and updating ledgers, budgets, Good knowledge in SAP - To handle banking transactions of company with different banks. - Responsible to maintain...

  • Business Analyst

    7 months ago


    Dubai, United Arab Emirates Expleo Group Full time

    Overview: Cash Management - Liquidity Management/Factoring/Payments **Responsibilities**: - **Business Requirement Analysis**: Gather and analyze business requirements for enhancements and new features within GTB - ** Stakeholder Collaboration**: Working closely with various stakeholders, including clients, product managers, and development teams, to...

  • Portfolio Manager

    7 months ago


    Dubai, United Arab Emirates Emirates NBD Full time

    Financial planning; budgeting and financial performance monitoring and tracking - Achieve stretch revenue goals in liabilities and cash management products - Conduct portfolio analysis to run targeted campaigns, launch new propositions to improve cross sell - Conduct periodic review to identify market and competitive trends on liability and cash management...


  • Dubai, Dubai, United Arab Emirates Leading Edge Full time

    Position: Senior Cash Management Product StrategistContract: 3 MonthLocation: KearneyWe are seeking a highly experienced Senior Cash Management Product Strategist with at least 15 years of experience and a strong expertise in cash management products, specifically in notional pooling and sweeping for our client. The ideal candidate will have a proven track...


  • Dubai, Dubai, United Arab Emirates Unique Taj HR Consultancy Full time

    Unique Taj HR ConsultancyAbout the Role:We are seeking a highly skilled Treasury Professional to join our team at Unique Taj HR Consultancy. As an Assistant Treasurer, you will play a crucial role in handling day-to-day cash management activities and assisting the treasury team in monitoring and following up on trade finance activities.Daily Cash...


  • Dubai, United Arab Emirates Barclays Full time

    **Barclays Corporate Banking** For more than 50 years, Barclays has been a member of the Middle East business community offering clients best-in-class services and solutions in Corporate and Investment Banking, as well as Private Banking. We offer corporate banking solutions to financial institutions and multinational corporations, supporting them fulfil...


  • Dubai, United Arab Emirates Cooper Fitch Full time

    **Responsibilities**: - The primary focus will be on generating revenue. You will be working closely with the team to manage Trade & Cash sales for both existing and new clients. - A fundamental understanding of Trade & Cash products is essential for successful product and solution sales. - Keeping up with market trends and understanding competitors'...


  • Dubai, United Arab Emirates Dubai Government Full time

    Key Accountabilities (Statements that describe the main responsibilities of the job) Accounts Receivables: - Develop and implement effective credit and collection strategies to optimize cash flow and minimize bad debt risk. - Collaborate with BU and customer service teams to resolve billing and payment discrepancies and ensure customer satisfaction. -...


  • Dubai, United Arab Emirates Barclays Full time

    Barclays Overview Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company...

  • Middle East

    6 months ago


    Dubai, United Arab Emirates Talent Pal Full time

    **Cash Product Manager** **Dubai** As a Barclays Cash Product Manager for the Middle East region, this is an exciting opportunity to be working closely with the Head of Cash Management UAE and the wider Transaction Banking in designing, building, and managing Cash Management products on an end-to-end basis. You will be responsible for generating sustainable...

  • Product Manager

    6 months ago


    Dubai, United Arab Emirates Miracle Cash&More Full time

    As a Product Manager with a strong background in marketing and product management, you will play a critical role in driving the success and adoption of our cryptocurrency token. With 5-7 years of relevant experience, you will be responsible for shaping the product strategy, overseeing its development, and implementing marketing strategies to ensure its...

  • Ba Cash Management

    6 months ago


    Dubai, United Arab Emirates Virtusa Full time

    **Role: Business Analyst** **Skill: BA Cash Management** **Experience : 12-14 Years** **JD**: - Minimum of 12+ years' experience as Business Analyst. - Minimum 7+ years of experience in the Transaction Banking industry, Open Account Trade Products, and 10+ experience in banking. - Domain experience in Supply Chain Finance and Receivables Finance. -...


  • Dubai, Dubai, United Arab Emirates Leading Edge Full time

    Job Summary:We are seeking a seasoned Senior Leader in Cash Management Product Development to join our team at Leading Edge. The ideal candidate will have a deep understanding of cash management products, specifically in notional pooling and sweeping.Key Responsibilities:Develop and implement cash management products with a focus on notional pooling and...

  • Petty Cash Accountant

    5 months ago


    Dubai, United Arab Emirates Elsewedy Electric Full time

    **About 3W Networks An Elsewedy Company**: **Job Title: Petty Cash Accountant** **Location: Dubai, UAE** **Duration: Full Time** **Description**: - We are on the looking for Accountant reporting directly to the finance manager, an exciting role which will require a well-rounded individual handling a variety of tasks. - The Petty Cash Accountant keeps...