Treasury Analyst

Job description / Role

The Chalhoub Group historically had a decentralised approach to managing treasury attributes such as cash, debt and financial risks but has recently established a centralised Treasury department over the past 18 months. In parallel, the Group has also implemented various treasury systems, including Kyriba and Reuters FX All.

The Chalhoub Group Treasury function is responsible for setting uniform treasury policies and strategies for the Group and overseeing central execution. The function covers all key treasury requirements: cash management, FX risk management, treasury strategy and operations.

This is an exciting opportunity for an exceptional candidate who is ready to join this relatively new function that has immense growth opportunities and to be part of its evolving journey.

Requirements

Reporting to the Group treasurer, the Front Office Treasury Analyst will be a key resource in developing the Treasury function. The successful candidate will be expected to be proactive and dynamic.

The operational responsibilities will include participation in all the key Treasury workflows, including the following:
- Assist the Group Treasurer in managing bank accounts, credit facilities, intercompany loans and cash pools
- Front office role: bank communication and dealing of FX and money market deals
- FX risk management: coordinate, collect and review the FX exposure for the group
- Daily cash management of the group’s bank account balances
- Prepare or support the preparation of treasury reports
- Ensure all activities are carried out in line with approved Treasury Procedures and Risk Management Policies
- Support the Group Treasurer with analysis and reviews to ensure policies remain fit for purpose
- Take the lead in the administration of the banking relationships, working closely with group legal (renewals of facilities, corporate guarantees etc)
- Treasury Systems: ensure that information in the Group’s Treasury Management System (TMS) is up to date and accurate
- Treasury initiatives: assist in the delivery of any projects as identified by the Group Treasurer and CFO

About the Company

The Chalhoub Group is the leading partner for luxury across the Middle East since 1955. As an expert in retail, distribution and marketing services based in Dubai, the group has become a major player in the fashion, beauty and gift sectors regionally.

By blending its Middle East expertise and intimate knowledge of luxury, Chalhoub Group is building brands in the region, by offering service excellence to all its partners and a unique experience to its customers through its passionate teams.

With a growing workforce of more than 9,000 people, implemented in 14 countries, as well as the operating of over 470 retail outlets, the group's success is attributed to its most valued asset of highly skilled and dedicated teams. Professionalism and passion are what fuel the Chalhoub Group's competitive edge in today's market.

By being committed to implementing sustainable practices into their business, the Chalhoub Group has been awarded in 2013 the CSR Label from the Dubai Chamber of Commerce.