Assistant Manager – Treasury | Al Futtaim Group Real Estate | Dubai

Location: Dubai, AE

Company: Al Futtaim Private Company LLC

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

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

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

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

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.

Interested candidates should send their CVs