Manager - Treasury Back Office

  • Cairo
  • Permanent
  • Full-time
  • 15 days ago
Job Requisition ID: 171103Established 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 finance professional to join our Finance Shared Service Center in the capacity of Manager- Treasury Operations.Overview of the roleAs a member of Treasury Back-office team, you will be supporting the Al Futtaim Global Treasury Centre (GTC) and the Business Units on the following: * Liquidity Management through reporting and payment operations
  • Loan operations which include drawdown, settlements, roll overs of loans post review of cash flow
  • Forex back-office operations including confirmation processing, settlements etc.
  • Settlements and Accounting journals for all treasury related transactions through SAP TRM/ERP
  • Month end closing activities and audit
f. Treasury related projects- identification and implementation including Solution design, testing, training and process blueprintsWhat you will doPerforming a diverse range of Treasury transactions listed above covering multiple businesses in Egypt.Daily Liquidity management:
  • Preparation of daily liquidity report for all the Group's bank accounts and Treasury exposures.
  • Verification of all transfer letters manually / online in a timely manner to manage the funds appropriately.
Loan and deposit operations:
  • Supporting GTC by the provision of necessary reporting in relation to the Group's loan portfolio of both internal and external loans.
  • Preparation of /drawdown / settlement / rollover / pre-settlement request letters in a timely manner either manually / online.
  • Preparation and submission of deposit placement requests to banks and ensuring the receipt and matching of bank confirmations.
Inter Company:
  • Ensuring a full control on the Inter company loans between entities in the Group
  • Reconciliation of these Loans
  • Fixing interest on all loans
  • Revaluation of Inter company Loans
  • Submission of Audit requests
  • Closing out all required Loans with regard to the Project
  • Assisting with queries related to Inter company loans
  • Resolving accounting issues relating to these Loans
Forex and derivatives:
  • Ensuring that Forex are confirmed and settled after reviewing bank confirmations.
Accounting & Audit:
  • Ensuring that all treasury related transactions (Loans, liquidity, Forex, Trade finance, charges & Interests) are accounted in a timely manner through processes in SAP TRM or ERP
  • Ensuring all month end treasury activities of reconciliations, treasury schedules, audit schedules are prepared in a timely manner.
Treasury Projects:
  • Supporting Senior Manager Treasury Operations in identifying and implementing various initiatives to improve productivity and mitigate risk in the Treasury Back Office
  • Supporting Senior Manager Treasury Operations, Global Treasury Centre in various strategic initiatives such as In-House banking/ cash pooling projects, SAP TRM rollouts, SWIFT rollouts, Online banking, SAP TRM upgrades.
Required skills to be successfulA master's degree in commerce with a minimum of five years of experience within the Treasury function of a medium to large organization or banks, CTP is a plus.What equips you for the role
  • Analytical, process oriented, good communication skills, exposure to ERP
  • Should be able to plan and prioritize tasks, Self-motivated; and a strong team player
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.

Al-Futtaim