Manager Treasury Back Office

Department Icon Treasury & Forex
82+ Applicants
Posted: 2 weeks ago
0-15 years
Dubai, UAE
full time

Posted: 2 weeks ago
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Applicants: 84+
Job Description
About Company
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Job Description

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
Retail
Company Overview

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
  • 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

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  • 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.

    About the Company

    Established in the 1930s, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940s and 50s saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

    The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

    The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.

    Skills

    ForexTreasuryTreasury OperationsAccountsCash ManagementFinancial OperationsGlobal TreasuryLiquidityInterest Rate SwapsLiquidity ManagementSwapsSwiftTrade FinanceTradingTransaction ManagementSenior Manager Treasury

    If an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.

    About Company

    Al-Futtaim Group, a diversified conglomerate operating across the Middle East, is renowned for its dynamic involvement in various sectors, including automotive, retail, real estate, and finance. Al-Futtaim Group careers offer a world of opportunities for professionals seeking to develop their skills in an innovative and supportive environment. The Group prides itself on a culture of excellence, integrity, and customer focus, striving to make a positive impact in the communities it serves. Working with Al-Futtaim Group means joining a team dedicated to delivering exceptional service and value, fostering a sense of belonging and growth. The company’s commitment to professional development, sustainability, and innovation offers a unique pathway for individuals aiming to advance their careers while contributing to meaningful projects.

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    Important dates & deadlines?

    Application Deadline

    30 Mar 26, 03:20 PM IST

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