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, roll overs 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 a 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.
