Senior Manager

3 يناير، 2023

0 1 3 دقائق

Senior Manager

الوصف الوظيفي

Senior Manager – Cash Management | Global Treasury Center | Corporate Services

Overview of the role

As part of the Cash Management and Trade Finance (CMTF) vertical within the Global Treasury Center (GTC) based in Dubai, UAE, the Senior Manager – Cash Management will establish internal capabilities and run a team in charge of managing cash transactions across and on behalf of the Al Futtaim Group entities in the UAE, GCC, Singapore, Malaysia and Hong Kong, in compliance with treasury policies and procedures. The role is division agnostic, meaning that all activities will be performed on behalf of all the Al Futtaim Group entities, subject to certain exceptions.

What you will do

Short Term Cash Flow forecasts

Set group-wide cash forecasting guidelines
Maintain a short term 12-month rolling direct cash flow forecast on a bi-weekly basis in conjunction with the divisions and business units’ Financial planning and analysis (FP&A) teams
Review, challenge, and analysis of short-term cash flow forecasts prepared by the divisions
Consolidate and maintain cash flow forecasts in Anaplan
Perform regular variance analysis reports and discuss deviations with the divisions
Prepare and maintain consolidated short-term cash flow forecast for Group CFO and Group Treasurer review.

In-House Bank

Management of In-House bank for the AFG divisions
Assess in coordination with Global Treasury Center – Financial Risk Management (GTC/FRM) whether short term cash requirements should be funded from internal or external sources
Manage an in-house bank aimed at funding all short-term transactions on behalf of the Group companies from either pooled cash or utilizations of trade finance facilities provided by banks, optimizing net interest for Group and Group companies
Ensure proper records are maintained in TRM for all transaction, working closely with Treasury Back Office Tower (TBOT)

Cash Management

Manage cash efficiently across the group by managing a small team responsible for cash management activities as well as working closely with Invoice-to-Pay (I2P), divisions and business units’ Financial planning and analysis (FP&A) teams.
Negotiate group and country cash pooling arrangements
Determine Group and country cash levels
Assess the funding requirements for the Group and its subsidiaries.
Decision to enter into cash & investment instruments based on group-wide requirements
Decide on necessary actions to be taken based on the daily cash position, facility utilization and headroom
Mobilize cash to manage liquidity efficiently (minimize interest costs) in coordination with Global Treasury Center – Financial Risk Management (GTC/FRM)
Ensure that accounts are funded in right currency and on-time
Optimize cash concentration at header level whilst ensuring the divisions’ daily liquidity requirements
Regularly reviewing the structure and pricing of cash management solutions
Ensure proper records are maintained in Treasury Management Systems (TMS) for all transaction, working closely with Treasury Back Office Tower (TBOT)

Governance and Transformation

Ensure compliance with Group Treasury policies
Provide inputs to Global Treasury Center – Governance, Risk Control & Transformation (GTC/GRCT) team on all reporting aspects
Monitor and report on Group cash portfolio
Provide inputs into cash management strategy including IHB and treasury policies
Support all Treasury transformation projects, in particular around:
Bank account rationalization project
Cash pooling projects (UAE and Global)
Virtual accounts implementation
TRM roll-out
In house cash

Associate Development and succession planning

Continuous development of associates on specialised skills required in managing cash management and trade finance products.

المهارات

Required skills to be successful

Knowledge of banking products – Trade Finance
Strong interpersonal and communication skills.
Knowledge of SAP TRM or equivalent, physical and notional pooling arrangements
Strong analytical skills with an attention to details.
Ability to work under pressure and meet tight deadlines

What equips you for the role

Bachelor’s degree in Finance/accounting or equivalent, Masters degree or equivalent, professional qualification in finance eg. CFA, FRM, ACT etc.
Minimum 6+ years of experience in a treasury and cash management role of which 2+ in managerial positions preferably in a large conglomerate or large multi-national company