Job Description

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.

Skills Required