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 A\xe2\x80\x9drab 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 world\'s most admired and innovative brands. Al-Futtaim Group\xe2\x80\x99s 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.
We are currently seeking an experienced treasury professional to join our Global Treasury Center in the capacity of Senior Manager \xe2\x80\x93 Cash Management.
Overview of the role
As part of the Cash Management and Trade Finance (CMTF) vertical within the Global Treasury Center (GTC) based in Dubai, UAE, the Senior Manager \xe2\x80\x93 Cash Management will establish internal capabilities and run a team in charge of 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.
What you will do Short Term Cash Flow forecasts

• Set group-wide cash forecasting guidelines
• Maintain a short term 12-month rolling direct cash flow forecast on a bi-weekly basis in conjunction with the divisions and business units\xe2\x80\x99 Financial planning and analysis (FP&A) teams
• Review, challenge, and analysis of short-term cash flow forecasts prepared by the divisions
• 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 for Group CFO and Group Treasurer review.

In-House Bank

• Management of In-House bank for the AFG divisions
• Assess in coordination with Global Treasury Center - Financial Risk Management (GTC/FRM) whether short term cash requirements should be funded from internal or external sources
• Manage 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)

Cash Management

• Manage cash efficiently across the group by managing a small team responsible for cash management activities as well as working closely with Invoice-to-Pay (I2P), divisions and business units\xe2\x80\x99 Financial planning and analysis (FP&A) teams.
• Negotiate group and country cash pooling arrangements
• Determine Group and country cash levels
• Assess the funding requirements for the Group and its subsidiaries.
• Decision to enter into cash & investment instruments based on group-wide requirements
• Decide on necessary actions to be taken based on the daily cash position, facility utilization and headroom
• Mobilize cash to manage liquidity efficiently (minimize interest costs) in coordination with Global Treasury Center - Financial Risk Management (GTC/FRM)
• Ensure that accounts are funded in right currency and on-time
• Optimize cash concentration at header level whilst ensuring the divisions\xe2\x80\x99 daily liquidity requirements
• 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)

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
• Monitor and report on Group cash portfolio
• Provide inputs into cash management strategy including IHB and treasury policies
• Support all Treasury transformation projects, in particular around:
• Bank account rationalization project
• Cash pooling projects (UAE and Global)
• Virtual accounts implementation
• TRM roll-out
• In house cash

Associate Development and succession planning

• Continuous development of associates on specialised skills required in managing cash management and trade finance products.

Required skills to be successful

• Knowledge of banking products \xe2\x80\x93 Trade Finance
• Strong interpersonal and communication skills.
• Knowledge of SAP TRM or equivalent, physical and notional pooling arrangements
• Strong analytical skills with an attention to details.
• Ability to work under pressure and meet tight deadlines

What equips you for the role

• Bachelor\xe2\x80\x99s degree in Finance/accounting or equivalent, Masters degree or equivalent, professional qualification in finance eg. CFA, FRM, ACT etc.
• Minimum 6+ years of experience in a treasury and cash management role of which 2+ in managerial positions preferably in a large conglomerate or large multi-national company

We\xe2\x80\x99re 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 \xe2\x80\x9capply\xe2\x80\x9d: 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.