Senior Manager - Liquidity and Risk Management | 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 – Liquidity and Risk Management.

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.