Treasury Manager - Retail Corporate

Job description / Role

Al-Futtaim's Retail Division holds a stable of world class brands operating in buoyant markets with huge growth prospects. Some of our brands are Marks & Spencer, Toys R Us, and IKEA as well as Robinsons with a range of smaller brands selected for their appeal to the markets in which we operate. We currently operate our Retail outlets across the Middle East and in South East Asia.

We have enjoyed phenomenal success throughout the UAE, Egypt and GCC countries. We are in the final stages of outline planning for massive growth and need to prepare for the next phase of this program.

Automotive Finance Shared Services is a department under Automotive handling the back officefunctions related to accounting for Automotive. AFSS handles Accounts Receivables, Accounts Payables, General Ledger Accounting, Reconciliations, Sales Accounting and annual closing and audits for the Automotive Division of Al-Futtaim.

Job Purpose

To ensure the management and effective utilization of funds, submission of accurate and timely management of information and initiating and maintaining of foreign exchange hedging for Retail business.

The role will consist of coordinating and centralizing all group demands, preparing status reports, supervising standards, procedures, policies, work instructions and methodologies adopted during the implementation phase.

Key Accountabilities

* Fund Management - Responsible for the effective utilization of funds with special emphasis on reduction of finance cost.
* Cash Flow Management -
* Consolidate Monthly Cash Forecast for Retail Division
* Prepare a Consolidated Variance analysis of Actual and Forecast on a monthly basis.
* Foreign Exchange Management - Responsible for the maintenance of foreign exchange contracts and recommend action on the contracts on due dates.
* Credit Card & Cash Collection & Change Delivery Services - Provide support and ensure the smooth operation for the Retail Business
* Reports to Group Treasury - Ensure the timely availability of group reports.
* Liaison with Banks and Accounts Receivable Department functions - Liaison with Banks, Supervising the Accounts Receivable Functions

Requirements

Minimum Qualifications and Knowledge: Ideally, this person must have a very strong financial background and should be familiar with of all business operations. Specialist qualification in Finance at Graduate level.

Minimum Experience:6 - 8 years

Job-Specific Skills: Analytical, Numeric, Microsoft Office, Knowledge of accounting policies of the group as well as IFRS.

Behavioural Competencies: Committed, Hardworking, Good communication skills.

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.