Treasury Analyst

Job description / Role

Purpose: To assist Group Treasury in various analysis and reporting on operational and Strategic requirements.

Principal Accountabilities
- Preparing monthly, quarterly and annual forecasts and budgets with detailed analysis
- Prepare cash flow reports and other treasury related reports for AGI Corporate and co-ordinate submissions from business units. Consolidate, analyze and prepare reports in appropriate format for HO Finance team, GCFO, GCEO, EXCOM and BOARD
- Perform Sensitivity analysis/ what-if analysis and any other ad-hoc reports as required by the management
- Monitor continuous compliance with covenants, maintain appropriate records to track and ensure timely submission of information to the banks
- Prepare agreements for Intercompany loans and maintain up to date records
- Keeping record of balances under pooling arrangement, Daily Cash Position and maintain loan position for the Group, coordinating with the Business Units to obtain the Bank's Weekly facility utilization and monitor excess cash position across the Group. Coordinate with relevant business unit for cash pooling with the objective to minimize external interest costs for the Group as a whole
- Maintain up to date records of interest rates, FOREX rates and any other market benchmarks. Carry out required calculations of average / blended rate as required by the management. Regularly share these information with the relevant stakeholders
- Identify the matters for the attention of management, recommend corrective actions and track execution of agreed action plan
- Coordinating with AGI Corporate Finance Team in executing day-to-day operational activities (for eg. preparing funds transfer advice etc.)
- Working closely with other functions (IT, Risks, Reporting teams) in executing system implementation/ enhancements, process improvement initiatives, performing analysis and reporting
- Ensure maintenance and implementation of Treasury policies and procedures at Corporate and across all BUs. Report internal control non-compliance with policies and procedures on a timely basis. Track execution of corrective actions to comply with policies and procedures

Requirements

- Over all 4-5 year experience in the Finance function, at least 2 years in Treasury operations
- Bachelor in Finance, Accounting, Economics or related fields
- Strong analytical skills
- Good understanding of Banking and treasury matters
- Good understanding of internal control requirements (COSO Framework)

About the Company

Al Ghurair is a diversified industrial group based in Dubai with operations spanning more than 50 countries globally. With a rich history of pioneering businesses and technologies, this heritage of innovative success is built upon values of excellence in the products developed and the processes followed. Our Core Areas of Expertise are Foods, Commodities, Construction and Properties. And furthermore, our additional areas of focus include Energy, Printing, Retail and Education.