Treasury Accountant - Shared Services Finance - Al Futtaim Group

Al Futtaim Group

UAE

Ref: HP698-10439

Job description / Role

Employment: Full Time

Treasury Accountant - Shared Services Finance - Al Futtaim Group - Dubai, UAE

Al-Futtaim is a trusted name in the financial services sector with over 30 years experience in the UAE.

Al-Futtaims financial services sector operations include insurance, banking and financial management through 11 companies operate in 5 countries.

About the Position:
- Preparation of inter-company fund transfer and fixed deposit placement and roll over letters to banks
- Follow up with bank to ensure the payment is executed on time. Obtain swift copy for the same. Also, follow up with bank for FD receipts and verification of the same.
- Preparation of transfer letters to other banks in case of maturity of FDs
- Issue of Commercial Paper and related fund transfer letters to and from EIB.
- Bank Account Administration for entities under Corporate, DFC, AFRE & AFGRE.
- Tracking of LCs/LGs for Corporate and reporting outstanding to GT on a monthly basis.
- Input of foreign exchange rates in SAP monthly/adhoc as required by business.
- Online banking administration for enquiry access/keep track of users/liasioning with Mashreq bank
- Online System Administration for existing corporate accounts as well as new accounts.
- CFC/DFC Weekly reporting including deposits.
- Weekly/Monthly/Annual reporting for all of the above.
- Manage GL accounting for 2186
- Support Corporate Tax in taxation related matters with regards to Compliance reporting and various tax registers.

Requirements

Al-Futtaim is a trusted name in the financial services sector with over 30 years experience in the UAE.

Al-Futtaims financial services sector operations include insurance, banking and financial management through 11 companies operate in 5 countries.

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.

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PRO salaries in Saudi Arabia

Average monthly compensation
SAR 20,000

Breakdown available for industries, cities and years of experience