Manager - Cash Management

2 weeks 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

    4 weeks 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...

  • Assistant Manager

    4 weeks 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 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

    4 weeks 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, 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...


  • 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. -...

  • Assistant Manager

    3 weeks ago


    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 headroomProvide 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...


  • dubai, United Arab Emirates Dautom Full time

    Minimum 7+ years of experience in the Transaction Banking industry - Cash ProductsDomain experience in corporate banking web based and mobile platforms with exposure to accounts, deposits, loans, payments, H2H functions across the global transaction banking portfolio.Knowledge of GCC payment gateways.Understanding business objectives, and strategic plans...


  • Dubai, United Arab Emirates ZC Consultant Full time

    **_Job Details:_**: **_ _** *** - _Execute the billing process for the services provided to clients, in order to receive the corresponding money from sales._ - _Make daily money remittances to authorized financial institutions, for the certification of cash processing, whether in check or cash._ - _Collect invoices and advance payments from clients for any...

  • Group Cash Controller

    2 weeks ago


    dubai, United Arab Emirates Subsea 7 Full time

    At Subsea 7, we take pride in being recognized globally as a leader across the Energy Industry. For 5 decades our people have delivered over 1,000 projects in all water depths across our energy hubs and we continue to do so, adapting and evolving in an ever-changing world. Our success and sustainability are only made possible by continuing to develop our...

  • Product Manager

    4 weeks 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...


  • dubai, United Arab Emirates Clinic Manager Full time

    1- Clinic ManagerJob: Full TimeLocation: Dubai, UAEDescription:To manage and monitor Clinic operations and enhance the Clinic service offering by building a strong referral base aimed at sustainable business growth and developmentJob Responsibilities:To effectively and efficiently manage the teamManage all financial processes and practices within the Clinic...


  • dubai, United Arab Emirates Citi Full time

    Cash Management Sales Officer Jobs In Dubai UAE | CitiFor More Top Organization Jobs Click HereCiti Commercial Bank (CCB) partners with mid-market and fast growth businesses across the world, especially with clients with international presence and aspirations. The Middle East & Africa cluster covers the U.A.E., Bahrain, and Jordan, Turkey, Israel, and...


  • dubai, United Arab Emirates Dubai Parks & Resorts Full time

    The job posting is outdated and position may be filledReconciles cash sheets from each store with monthly bank records.Reports variations to store manager and supervisor.Attempts to resolve differences and, if unable to do so, reports situation to supervisor, company auditors, and security service manager for further investigation.Oversees petty cash fund at...


  • Dubai, United Arab Emirates Recruits Management Consultancy Full time

    **Job Summary**: **Responsibilities**: - Develop and execute financial planning strategies, including budgeting, forecasting, and variance analysis. - Monitor and analyze financial performance, identifying trends and providing recommendations for improvement. - Conduct financial modeling and scenario analysis to support decision-making processes. -...

  • Finance Manager

    4 weeks ago


    Dubai, United Arab Emirates Taqseem Marketing Management Co. LLC Full time

    Job Description: Finance Manager - Supermarket Sector (UAE) ( SO*TH IN*IAN ONLY) Should be : ( SO*TH IN*IAN ONLY) only & Finance experienced in Supermarket only. Please don't applay if you're not a ( SO*TH IN*IAN ONLY), and no supermarket related experience. Position Summary: **Responsibilities**: Financial Planning and Analysis: Develop and manage...


  • dubai, United Arab Emirates IT GRC Manager Full time

    IT GRC Manager | ENOC UAE Job Vacancy 2022Description:Manages the enterprise governance practice for IT and OT. Manage the design and implementation of the governance framework to enable effective delivery of objectives, support optimized performance and ensure all statutory and other legal requirements and obligations are met.Responsibilities:Manages the...


  • Dubai, United Arab Emirates Al Mamzar project management Full time

    Cash custodian ( security Guards ) Height 170cm Weight 70kg Salary 2000 Visa Transportation Accommodation Medical insurance English must be excellent in writting / speaking and with confident Nationality: Nepal / Bangladesh and Srilanka. Education certificate is must. No need sira **Salary**: AED2,000.00 per month Ability to commute/relocate: - Dubai:...


  • dubai, United Arab Emirates Transguard Group Full time

    Manager Cash Technical Solutions Jobs In Dubai UAE 2023 | Transguard GroupFor More Top Organization Jobs Click HereWhat Do We Offer AtTransguard Group?We operate in a variety of industries, including security services, facilities management, cash management, hospitality and manpower supply. Company provides a range of services to clients across the UAE and...

  • Accounting Manager

    4 weeks ago


    Dubai, United Arab Emirates KHALES PROJECT MANAGEMENT & ENGINEERING CONSULTANCY Full time

    **Job brief** We are looking for an Accounting Manager to supervise, track and evaluate day-to-day activities. Accounting Manager responsibilities include establishing financial status by developing and implementing systems for collecting, analyzing, verifying and reporting information. We are also looking for someone to work closely with our financial...