Assistant Manager - Treasury - Al Futtaim Group Real Estate - Dubai
Al Futtaim Private Company LLC, United Arab Emirates
Job Description
Come join us to live well, work better, and be the best.
About the Role
The primary purpose of this role is to assist AGM (Treasury)/GM (Treasury and Corporate) for Al Futtaim Real Estate entities in UAE, Egypt, Qatar and other countries as required by carrying out necessary background work and analysis related to the work stream in:
Fund raising
Loan refinancing
Managing debt portfolio
Cash and liquidity management
Risk management and
Capital structuring
About the Responsibilities
Treasury Strategy and Transformation
Be a key member of the team working on Treasury Strategy for Al Futtaim Group Real Estate by contribution ideas/inputs and working across different divisions and stakeholders to implement the same
Support in Treasury Transformational Projects and Strategic ad hoc analysis
Project Financing
Prepare and maintain Internal/Bank Financial Models and relevant supplementary documents to support and aid decision making to management
Preparing Bank information memorandums and arranging other documents required for Project Financing
Loan Operations and Monitoring
Periodic Covenant forecasting and monitoring based on cashflow inputs from Finance
Maintaining detailed loan schedules for loans in UAE and other regions along with debt service and reporting timetable
Updating SAP TMS with loan details
Handling communication and documentation with Banks related to loan operations (e.g. Interest Selection notices, Drawdown requests
Co-ordinating with Finance to prepare and review reports on Loan covenants and compliance\
Cash and Liquidity Management
Daily Cash and Debt Balance reporting for UAE and Egypt and highlighting key movements
Ensuring timely placement of deposits and minimisation of excess cash balances as per cash management strategy
Cash flow reporting and forecasting
Providing required treasury inputs to relevant finance teams during the time of budgets and bi-weekly/monthly cash flow forecasts
Identifying any liquidity issues based on cash flow forecasts
Bank Operations
Handling end-to-end process of Bank Account Opening and Closing including but not limited to
Initiating request in BAM
Arranging required Bank forms
Co-ordinating for signatures and delivery of documents
Ensure maintenance of Bank records
Timely updating of online access for different users
Provide external valuators with required data and information to conclude their valuation
Liaison with SSC-AP, Group Treasury, SSF and Business Finance and Banks to resolve any operational treasury issues
This position is extremely critical to ensure timely and smooth management of AFGRE cash and loan portfolio and has direct monetary impact. Organisational policy and other factors that have a critical impact on the job are:
Bank and EIT Security Policy
Cash Management and Risk Management Policy
Group Treasury Policy around Bank Mandates and relevant DoAs
Job Specification
About the Requirements
Minimum Qualifications and Knowledge:
Business degree in Accounting, Economics or Finance
Professional Qualification such as CFA / CMA will be an added advantage
Minimum Experience:
2-3 years’ experience in Treasury role involving and 5+ years of experience in the finance field with particular focus om financial modelling, bank operations and cash flow reporting
Job-Specific Skills:
Advanced excel based financial modeling skills with familiarity with debt structuring models
Familiarity with LMA loan documentation clauses and customary covenants
Outstanding skills in Microsoft excel and Microsoft Power point
Basic understanding of Bank operations and Banking product and services
Familiarity with Bloomberg or other Treasury tools will be added advantage
Experience in SAP TRM and TMS is preferable
Ability to communicate with all levels within the organisation
Ability to work across divisions and levels
Behavioural Competencies:
Superb team player
Superb communication, influencing and relationship-building skills
Problem solving
Commercial and Business Acumen
Systems thinking
Learning agility
Ability to deal with diversity
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