بتاريخ : 2019-10-09
انتهاء التقديم : 2019-12-08
As a diversified organisation, we bring the quality and reputation of more than 200 companies into your life. Al-Futtaim’s 42,000 dedicated employees are committed to helping you make the right choice – no matter your location or need – in sectors as varied as automotive, retail, real estate and finance.
البيع بالتجزئة/البيع بالجملة
Foreign Currency exposure:
To support Head of department in assessing foreign currency exposure of business units on a continuous basis and ensuring compliance of organizations hedge Policy.
Develop robust foreign exchange and treasury management tool for underlying entities to ensure:
Minimal exposure to adverse foreign exchange currency movements
Minimal risk or the loss of any value in surplus funds
Proper assessment of all financial institutions group companies deal with
Effective and accurate cash flow forecasting including daily, monthly, quarterly and 12 months rolling basis and effective utilization of banking, other facilities and credit lines.
Optimal management of all the inter-company funding and potential exposures
Cash flow and Liquidity Management:
Responsible to review of cashflows results and forecast implement strong cashflows controls and early wa
ing signals by continuous. This include implementing a robust reporting system to enhance the divisional visibility of entity level cash position and forecast variances.
Devise strategies and support Finance head and Divisional Finance team to implement the Group’s strategy to move from a historical rest of the year cash flow forecasts to rolling 12 months forecasts
Continuously monitor bank balances and optimise effective utilisation of funds across underlying entities and optimize the finance/funding costs.
Review and restructure the banking & treasury operations across underlying entities including optimization of accounts structure, bank relations, etc.
Devising and delivering the AFG’s treasury strategy together with the Head of department & divisional finance team
Maintain and build relationships with banks in the region jointly with Group teams
Liquidity Management – ensure most efficient and cost effective cash management tools are implemented
Manage macro-economic data to detect country and currencies exposures early on as well as determine the cash/banking landscape in future countries the company might enter into
Development, periodic review and implementation of adequate treasury processes
Review & restructure all bank & supplier finance facilities including funded/non-funded facilities, LCs, Bank/Corporate Guarantees, etc. and ensuring entity is appropriately funded with desired debt : equity ratios.
To support Head of department in Identifying and initiating fund based and non-fund based banking facility requirements with divisional teams as per business plan and reviews
Central Procurement/Trade instruments - Business support:
Localize all the central procurement activities for KSA businesses
Reviewing the supplier financing arrangement and ensure the benchmarking in line with divisional expectations
Responsible for the improvisation of Inter-company policy, exposures and related diligence
Support Head of department for capital restructuring that include financial forecasts modelling, desired gearing and debt : equity analysis, negotiation of financing deals/instruments through active involvement of Group Treasury/Legal.
Supports the negotiation of financing deals, including cross-border structured financings, or other instruments in order to secure funds on terms and conditions that are advantageous to the Group.
Improvise and roll-out EY financial modelling tool and develop best practices within the team in terms of developing and maintaining analytical tools to assess financing structures.
Co-ordinate and consolidate regular cash, capital expenditure and financing cash flow forecasts
Support Head of department to successfully roll-out the Group’s Treasury Management System
Produce regular treasury reports.
Professional accounting or finance qualification or equivalent (at least Post Graduation Equivalent)
Minimum Experience and Knowledge:
At least 6-7 years relevant experience within a large organization with Minimum of which 2 years in leadership role controlling treasury operations
Excellent excel and financial modelling skills
Previous experience in an automotive, banking, private equity or similar industry
Good understanding of fleet financing principles desirable
Responsible and conscientious individual
Ability to work under pressure, to tight deadlines and deal with conflicting interests, both inte
ally and with outside parties
Strong analytical and inter-personal skills
Motivated self- starter who can work under own initiative
Excellent team player who enjoys working in an inte
ational and multi-cultural environment
Arabic language skills desirable but not essential
Job-Specific/Technical Skills required to complete the tasks:
Analytical, Process oriented, good communication skills, Analytical, process oriented, good communication skills, exposure to ERP. The job holder should have strong documentation ability in development of policies and procedures.