Manager - Treasury Back Office

**Job Requisition ID**:172736

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.

**Overview Of The Role**:
The Manager
- Treasury Operations plays a crucial role in supporting the Al Futtaim Global Treasury Centre by managing liquidity operations, loan and deposit activities, forex and derivative transactions, and accounting processes. This position is essential for ensuring smooth financial operations and compliance, providing strategic banking and accounting support to the Group's businesses. The jobholder will collaborate with Global Treasury Centre, business finance, and banks to ensure effective transaction management and will significantly contribute to treasury projects and initiatives.

**What You Will Do**:
**Liquidity Management**:

- Prepare daily liquidity reports for all Group bank accounts and Treasury exposures.
- Verify all transfer letters manually or online to manage funds appropriately.
- Review liquidity reports and share requests for intra-company transfers to cash management banks.
- Ensure all Treasury payments are executed smoothly.
- Pool funds to cash management banks to earn interest on credit balances.

**Loan and Deposit Operations**:

- Support GTC with necessary reporting for the Group's loan portfolio of internal and external loans.
- Prepare drawdown, settlement, rollover, and pre-settlement request letters.
- Submit deposit placement requests to banks and match bank confirmations.
- Update loan schedules timely.
- Prepare and submit loan requests to banks ensuring loans are received/repaid.

**Inter Company Transactions**:

- Control inter-company loans between Group entities and reconcile them.
- Fix interest and reevaluate inter-company loans.
- Submit audit requests and resolve accounting issues related to these loans.
- Rollover inter-company loans and update contracts with revised limits.
- Address all requirements related to inter-company loans, including meetings and loan write-offs.

**Forex and Derivatives**:

- Ensure confirmation and settlement of Forex, options, derivatives, and Interest Rate Swaps after reviewing bank confirmations.
- Complete confirmation matching and settlement processes accurately and timely.

**Accounting & Audit**:

- Account for all Treasury transactions in SAP TRM/ERP timely, including loans, liquidity, Forex, trade finance, charges, and interests.
- Prepare month-end treasury reconciliations, schedules, and audits promptly.
- Post all accounting journals for Treasury transactions accurately and timely.

**Treasury Projects**:

- Support Senior Manager Treasury Operations in identifying and implementing productivity improvements and risk mitigation initiatives in the Treasury Back Office.
- Participate in strategic initiatives such as In-House banking, cash pooling projects, SAP TRM rollouts, and SWIFT implementation.
- Contribute to solution design documentation, testing, and training strategies.
- Develop process documentation such as Process Blueprints and SOPs.
- Ensure adherence to project schedules.

**Required Skills To Be Successful**:

- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Experience with ERP systems, particularly SAP TRM/ERP.
- Ability to plan, prioritize tasks, and work effectively as part of a team.

**What Qualifies You For The Role**:

- Professional accounting qualification is required.
- Master’s degree in commerce, financial management, accountancy, or related professional qualification such as ACCA, CMA, ACT, etc.
- Minimum of five years experience within the Treasury function of a medium to large organization or banks.
- Proficiency in analytical and process-oriented tasks, with excellent communication skills and ERP exposure.