Finance Manager - Treasury - AFGRE

Job description / Role

Finance Manager - Treasury - Cairo Festival City - AFGRE - Cairo, Egypt

Spanning 3 million square metres Cairo Festival City is a visionary mixed use urban community strategically located just 15 minutes from Cairo International Airport, along the Cairo Ring Road. Cairo Festival City features Egypt's first indoor-outdoor retail and entertainment resort combined with luxury residential communities, prime office spaces, internationally renowned hotels, schools and an automotive park all set within a lush landscaped environment.

We are looking to recruit an expert Finance Manager - Treasury to manage all cash management functions including cash concentration, wires, account funding & to ensure adequate liquidity for working capital needs and invest short term excess cash, moreover, Manage inter-company cash, including inter-company lending, dividends, and capital injections in addition handling existing credit facilities, and managing relationship with banks, your job responsibilities will be including & not limited to:

* Ensure sufficient funds are available to meet on-going operational, debt service and capital investment requirements.
* Manage credit facility arrangements with banks, including ensuring company stays in compliance with debt covenants.
* Conduct and review a variety of appropriately authorized cash issuing transactions, e.g. internal expenses, 3rd parties/vendors payments, travel expenses and other payments
* Forecast daily cash requirements and execute daily financing decisions.
* Advise management on the liquidity aspects of short- and long-term planning.
* Prepare short-and medium term cash forecasts for the business.
* Perform daily cash management activities including execution of electronic payments and daily reconciliation of cash activity.
* Monitor bank charges and address quality issues.
* Evaluate opportunities to reduce banking and debt service fees.
* Maintain current inventory of bank accounts, authorized signatories and bank contacts.
* Prepare documentation of changes in bank account structures, including opening and closing of accounts.
* Assist GM Finance in negotiation deal pricing and terms and conditions with lenders to meet Group Treasury and AFGRE requirements and ensuring minimal financial, legal, and credit risk.
* Maintain a system of policies and procedures that impose an adequate level of control over treasury activities.
* Manage and control interest rate/currency risk in coordination with Group Treasury.

Requirements

As a Finance Manager - Treasury, you must demonstrate the following Qualifications, Skills & Experiences:

Minimum Qualifications and Knowledge:

* Bachelor Degree in Business / Finance.
* SAP knowledge is a must.

Minimum Experience:

* At least 5 years of experience preferred in business environment, including treasury supervision.
* Accounting, Treasury & Internal control experience.

Job-Specific Skills:

* Advanced Excel (formulas, pivot tables, V-Look-up, charts, graphs and macros).
* Knowledge of ERP is strongly preferred.
* Strong verbal and written communication skills in English.

Behavioural Competencies:

* Leadership.
* Training and Coaching.
* Encourages subordinates.
* Communication.
* Teamwork.

Applicants who do not meet the above criteria will unfortunately be declined this opportunity.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.