Assistant Manager - Cash Management | Global Treasury Center | Corporate Services
JOB PURPOSE
As part of the Cash Management and Trade Finance (CMTF) vertical within the Global Treasury Center (GTC) based in Dubai, UAE, the Assistant Manager \xe2\x80\x93 Cash Management will support the Senior Manager \xe2\x80\x93 Cash Management in managing cash transactions across and on behalf of the Al Futtaim Group entities in the UAE, GCC, Singapore, Malaysia and Hong Kong, in compliance with treasury policies and procedures. The role is division agnostic, meaning that all activities will be performed on behalf of all the Al Futtaim Group entities, subject to certain exceptions.
KEY ACCOUNTABILITIES
Cash Management
Assist in determining Group and country cash levels.
Decide on necessary actions to be taken based on the daily cash position, facility utilization and headroom
Provide inputs and recommendation to Senior Manager \xe2\x80\x93 Cash Management to mobilize cash to manage liquidity efficiently (minimize interest costs)
Ensure efficient cash management on a daily basis by working closely with the Senior Manager \xe2\x80\x93 Cash Management, as well as the Invoice-to-Pay (I2P), divisions and business units\xe2\x80\x99 Financial planning and analysis (FP&A) teams.
Ensure that accounts are funded in right currency and on-time
Assisting in optimization of cash concentration at header level whilst ensuring the divisions\xe2\x80\x99 daily liquidity requirements
Assist in negotiation of group and country cash pooling arrangements
Regularly reviewing the structure and pricing of cash management solutions
Ensure proper records are maintained in Treasury Management Systems (TMS) for all transaction, working closely with Treasury Back Office Tower (TBOT)
Short term Cash Flow forecasts
Assist in setting group-wide cash forecasting guidelines
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\xe2\x80\x99 Financial planning and analysis (FP&A) teams
Assist in assessing the funding requirements for the Group and its subsidiaries
Consolidate and maintain cash flow forecasts in Anaplan
Perform regular variance analysis reports and discuss deviations with the divisions
Prepare and maintain consolidated short-term cash flow forecast as per the Senior Manager \xe2\x80\x93 Cash Management guidelines
In-house Bank
Assist in the Management of In-House bank (IHB) funding strategy
Assess in coordination with Senior Manager \xe2\x80\x93 cash management and Global Treasury Center - Financial Risk Management (GTC/FRM) whether short term cash requirements should be funded from internal or external sources
Assist in managing 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
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
Provide inputs into cash management strategy including IHB and treasury policies
Support all Treasury transformation projects, including further roll-out of TMS, and automated cash pooling strategies across the Group entities
Other Adhoc responsibilities
Support Trade Finance function as and when required
Prepare Adhoc reports as and when required
Bayt
Beware of fraud agents! do not pay money to get a job
MNCJobsGulf.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.