Senior Manager - Cash Management & Trade Finance

Job description / Role

Senior Manager - Cash Management & Trade Finance | Global Treasury Center | Corporate Services

Job Requisition ID: 162276

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A"rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

We are currently seeking an experienced treasury professional to join our Global Treasury Center team in the capacity of Senior Manager - Cash Management & Trade Finance.

Overview of the role
Identifying Egypt cash levels based on the daily cash position, facilities utilization to ensure efficient cash management activities.

Handling trade finance transactions on behalf of the Al-Futtaim Egypt entities in compliance with treasury policies and procedures.

What you will do
- Determining country cash levels through cash flows and positions.
- Managing country liquidity efficiently through maximize applied credit interest and minimize any costs.
- Managing cash investment opportunities i.e. T-Bills
- Ensure that accounts are funded in right currency and on-time
- Reviewing the pricing of cash management products
- Ensure proper records are maintained in Treasury Management Systems (TMS) for all transaction, as well as support treasury transformation projects, including further roll-out of TMS workstreams.
- Managing bank accounts rationalization to reduce number of bank accounts across Egypt.
- Analyse direct cash flow forecast on a bi-weekly basis in conjunction with divisions and business units (FP&A) teams
- Ensure compliance with group treasury policies
- Provide inputs to Governance, Risk Control & Transformation (GTC/GRCT) team on all reporting aspects.
- Coordinate with TBOT to run daily cash position reports & the execution of trade operations.
- Oversee all aspects of trade finance transactions (Letter of Guarantees, Letter of Credits, Documents for Collection, Working Capital Short Term Loans, etc.) on behalf of Egypt businesses.
- Select the most competitive quotes from the banks for trade finance transactions.
- Handling intercompany loans covering trade finance transaction with local banks in terms of documentation and settlement of drawdowns against the shipments.
- Liaison with business, principles, and banks to structure trade finance instrument terms.

Required skills to be successful
- Good knowledge of trade finance documentation
- Comfortable with using SAP, TMS
- Anaplan for liquidity monitoring purposes
- excellent communication and interpersonal skills
- Fact-based approach towards daily deliverables

What equips you for the role
- Bachelor's degree minimum required
- Ideal candidate would 10+ years' experience in treasury cash management and trade finance

We're here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click "apply": Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

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.