Job Description

Manager Treasury Operations - Al-Futtaim Group - Dubai, UAE
Position Overview
The Manager Treasury Operations role at Al-Futtaim Group in Dubai supports the Global Treasury Centre by managing liquidity, loans, deposits, forex, derivatives, and treasury accounting activities. This position plays a critical role in ensuring smooth treasury operations, regulatory compliance, and effective banking relationships while contributing to strategic treasury transformation projects across the Group.
Job Details
Country: UAE
City: Dubai
Industry: Financial Services
Function: Finance
Salary: 30000-45000 monthly (Market estimated)
Gender: Any
Candidate Nationality: Any
Job Type: Full-time
Key Responsibilities

• Prepare and review daily liquidity reports covering all Group bank accounts and treasury exposures
• Execute and verify treasury payments, transfer letters, and fund movements through banking platforms
• Coordinate intra-company cash transfers and pool funds with cash management banks to optimize interest income
• Support reporting and administration of internal and external loan portfolios
• Prepare and process loan drawdowns, settlements, rollovers, and pre-settlement requests
• Manage deposit placements with banks and reconcile confirmations
• Maintain and update loan schedules accurately and on time
• Control and reconcile inter-company loans, including interest calculations, revaluations, rollovers, and contract updates
• Support audits and resolve accounting issues related to inter-company financing
• Ensure confirmation, settlement, and accounting of forex, derivatives, options, and interest rate swaps
• Record all treasury transactions in SAP TRM and ERP systems, including loans, liquidity, forex, trade finance, charges, and interest
• Prepare month-end treasury reconciliations, schedules, and audit support documentation
• Post treasury-related accounting journals accurately and within reporting timelines

Treasury Projects and Process Improvement

• Support treasury transformation initiatives such as in-house banking, cash pooling, SAP TRM rollouts, and SWIFT implementation
• Contribute to solution design, testing, training, and documentation activities
• Develop and maintain treasury process documentation, SOPs, and process blueprints
• Identify opportunities for productivity improvement and risk mitigation within treasury back-office operations

Ideal Profile

• Professional accounting qualification is mandatory
• Master's degree in commerce, financial management, accountancy, or related discipline
• Certifications such as ACCA, CMA, ACT, or equivalent are highly preferred
• Minimum five years of experience within treasury operations in a medium to large organization or banking environment
• Strong exposure to liquidity management, loans, inter-company financing, and treasury accounting

Skills Set

• Strong analytical and problem-solving capabilities
• Excellent communication and stakeholder coordination skills
• Proficiency in SAP TRM and ERP systems
• High attention to detail with strong process and control orientation
• Ability to plan, prioritize, and manage multiple treasury activities under deadlines

Why Join Us

• Central role within a Global Treasury Centre supporting a diversified regional group
• Exposure to complex treasury operations across multiple geographies
• Opportunity to contribute to large-scale treasury transformation and automation projects
• Competitive compensation and long-term career growth within Al-Futtaim Group

About the Company
Al-Futtaim Group is one of the Middle East's most diversified and established privately held organizations, headquartered in Dubai. Operating across automotive, financial services, real estate, retail, and healthcare, the Group employs more than 35000 people across over 20 countries. Through a centralized Global Treasury Centre, Al-Futtaim ensures strong financial governance, liquidity optimization, and risk management to support sustainable growth across its businesses.
Job Title Manager Treasury Operations - Al-Futtaim Group - Dubai, UAE
Manager Treasury Operations - Al-Futtaim Group - Dubai, UAE
Position Overview
The Manager Treasury Operations role at Al-Futtaim Group in Dubai supports the Global Treasury Centre by managing liquidity, loans, deposits, forex, derivatives, and treasury accounting activities. This position plays a critical role in ensuring smooth treasury operations, regulatory compliance, and effective banking relationships while contributing to strategic treasury transformation projects across the Group.
Job Details
Country: UAE
City: Dubai
Industry: Financial Services
Function: Finance
Salary: 30000-45000 monthly (Market estimated)
Gender: Any
Candidate Nationality: Any
Job Type: Full-time
Key Responsibilities

• Prepare and review daily liquidity reports covering all Group bank accounts and treasury exposures
• Execute and verify treasury payments, transfer letters, and fund movements through banking platforms
• Coordinate intra-company cash transfers and pool funds with cash management banks to optimize interest income
• Support reporting and administration of internal and external loan portfolios
• Prepare and process loan drawdowns, settlements, rollovers, and pre-settlement requests
• Manage deposit placements with banks and reconcile confirmations
• Maintain and update loan schedules accurately and on time
• Control and reconcile inter-company loans, including interest calculations, revaluations, rollovers, and contract updates
• Support audits and resolve accounting issues related to inter-company financing
• Ensure confirmation, settlement, and accounting of forex, derivatives, options, and interest rate swaps
• Record all treasury transactions in SAP TRM and ERP systems, including loans, liquidity, forex, trade finance, charges, and interest
• Prepare month-end treasury reconciliations, schedules, and audit support documentation
• Post treasury-related accounting journals accurately and within reporting timelines

Treasury Projects and Process Improvement

• Support treasury transformation initiatives such as in-house banking, cash pooling, SAP TRM rollouts, and SWIFT implementation
• Contribute to solution design, testing, training, and documentation activities
• Develop and maintain treasury process documentation, SOPs, and process blueprints
• Identify opportunities for productivity improvement and risk mitigation within treasury back-office operations

Ideal Profile

• Professional accounting qualification is mandatory
• Master's degree in commerce, financial management, accountancy, or related discipline
• Certifications such as ACCA, CMA, ACT, or equivalent are highly preferred
• Minimum five years of experience within treasury operations in a medium to large organization or banking environment
• Strong exposure to liquidity management, loans, inter-company financing, and treasury accounting

Skills Set

• Strong analytical and problem-solving capabilities
• Excellent communication and stakeholder coordination skills
• Proficiency in SAP TRM and ERP systems
• High attention to detail with strong process and control orientation
• Ability to plan, prioritize, and manage multiple treasury activities under deadlines

Why Join Us

• Central role within a Global Treasury Centre supporting a diversified regional group
• Exposure to complex treasury operations across multiple geographies
• Opportunity to contribute to large-scale treasury transformation and automation projects
• Competitive compensation and long-term career growth within Al-Futtaim Group

About the Company
Al-Futtaim Group is one of the Middle East's most diversified and established privately held organizations, headquartered in Dubai. Operating across automotive, financial services, real estate, retail, and healthcare, the Group employs more than 35000 people across over 20 countries. Through a centralized Global Treasury Centre, Al-Futtaim ensures strong financial governance, liquidity optimization, and risk management to support sustainable growth across its businesses.
Post Details
Job Start Date
Salary from 30000.00
Salary to 45000.00
Number of Vacancies 1
Location -
Location City Dubai
Desired Candidate's Profile
Gender No Preference
Nationality
Candidate Current Location

Skills Required