Manager Treasury Back Office

Job description / Role

Job Type
Full Time

Job Location
Dubai, UAE

Nationality
Any Nationality

Salary
Not Specified

Gender
Not Specified

Arabic Fluency
Not Specified

Job Function
Accounting & Audit

Company Industry
Finance, Investment & Asset Management

About the company

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 Arab 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 worlds 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 Groups 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 Groups 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

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.

Candidate experience

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our values of respect, integrity, collaboration, and excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.