Treasury Operations Manager

Job purpose:

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, rollovers of loans post review of cash flow

Forex back office operations including confirmation processing, settlements etc.

Settlements and accounting journals for all treasury related transactions through SAP TRM/ERP

Month end closing activities and audit

Treasury related projects - identification and implementation including solution design, testing, training and process blueprint

Key accountabilities:

Daily liquidity management:

Preparation of daily liquidity report for all the group’s bank accounts and treasury exposures

Verification of all transfer letters manually/online in a timely manner to manage the funds appropriately

Loan and deposit operations:

Supporting GTC by the provision of necessary reporting in relation to the group’s 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

Inter company:

Ensuring full control on the inter company loans between entities in the group

Reconciliation of these loans

Fixing interest on all loans

Revaluation of inter company loans

Submission of audit requests

Closing out all required loans with regard to the project

Assisting with queries related to inter company loans

Resolving accounting issues relating to these loans

Forex and derivatives:

Ensuring that forex are confirmed and settled after reviewing bank confirmations

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

Treasury projects:

Supporting Senior Manager Treasury Operations in identifying and implementing various initiatives to improve productivity and mitigate risk in the Treasury Back Office

Supporting Senior Manager Treasury Operations, Global Treasury Centre in various strategic initiatives such as in-house banking/cash pooling projects, SAP TRM rollouts, SWIFT rollouts, online banking, SAP TRM upgrades

Qualifications & experience:

Master’s degree in commerce with a minimum of five years of experience within the treasury function of a medium to large organization or banks, CTP is a plus.

Analytical, process oriented, good communication skills, exposure to ERP.

Behavioural competencies:

Should be able to plan and prioritize tasks, self-motivated; and a strong team player.