Overview of the role

As a member of Treasury Back office team, you will be supporting the Al Futtaim Global Treasury Centre (GTC) and the Business Units on the following:

• Liquidity Management through reporting and payment operations
• Loan operations which include drawdown, settlements, roll overs of loans post review of cash flow
• Forex and derivative back office operations including confirmation processing, settlements etc.
• Trade finance documentation review & issuance and coordination with banks
• Settlements and Accounting journals for all treasury related transactions through SAP TRM/ERP
• Month end closing activities and audit

What you will do

Daily Liquidity management

• Preparation of daily liquidity report for all the Group\xe2\x80\x99s bank accounts and Treasury exposures
• Preparation of all transfer letters manually / online in a timely manner to manage the funds appropriately.
• Timely and accurate reporting of all Treasury exposures
• Ensuring all Treasury payments are executed smoothly.

Loan and deposit operations

• Supporting GTC by the provision of necessary reporting in relation to the Group\xe2\x80\x99s loan portfolio of both internal and external loans.
• Preparation of /drawdown / settlement / rollover / pre-settlement request letters in a timely manner either manually / online
• Preparation and submission of deposit placement requests to banks and ensuring the receipt and matching of bank confirmations
• Timely updating loan schedules
• Ensuring timely preparation and submission of loan requests to banks and ensuring loans are received/ repaid

Forex and derivatives

• Ensuring that Forex, options and derivative transactions are confirmed and settled after reviewing bank confirmations
• Timely and accurate completion of the confirmation matching and settlement processes

Trade Finance instruments review & issuance

• Ensuring that requests received from GTC to issue trade finance instruments (Letter of credits, Advance payment guarantees, bid bonds, retention bonds, Stand by Letter of Credits etc) are acted in a timely manner after ensuring DOA compliance
• Supporting with the back-office activities in relation to export letter of credits and bank guarantees received
• Preparation of LC discounting documents to discount and receive payment in a timely manner.
• Preparation of monthly report on all outstanding guarantees & LCs and sending to business for closure of outstanding guarantees.
• Timely issuance of trade finance instruments post review and approval in accordance with DOA.
• Timely support on export LCs and guarantees received.
• Timely updating & tracking all trade finance instruments and raising early warning signals on due dates & outstanding instruments.

Accounting & Audit

• Ensuring that all treasury related transactions (Loans, liquidity, Forex, Trade finance, charges & Interests) are accounted in a timely manner through processes in SAP TRM or ERP
• Ensuring all month end treasury activities of reconciliations, treasury schedules, audit schedules are prepared in a timely manner.
• Timely & accurately posting all accounting journals for treasury transactions.
• Timely closure of all month end activities being postings, reconciliations & schedules.

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