- Post Date:16th April 2018
- Career Level OthersExperience 2-5 Years
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.
Job Title: Accounts Supervisor – Treasury
Reports to: Treasury Manager
Department: Retail Finance
Location: Retail HO, Dubai
To ensure the management and effective utilization of funds, submission of accurate and timely management of information and maintaining of foreign exchange hedging for Retail business in MENA and SEA regions.
Due to the Impact of the financial crisis, all business around the globe has started to put more emphasis on Treasury Management. It was noticed that those organizations with an efficient and effective Treasury Management were able to sustain the impact of the financial crisis. Al Futtaim has always being a pioneer in the industry has significantly increased its emphasis on Treasury Management. As a part of a conglomerate, there are several new requirements from Group apart from regular reporting needs.
High pressure environment
High level of accuracy required
Co-ordination with brands and stores
The famous phrase “CASH IS KING” mentions why Treasury and Accounts Receivable are the key functions within the businesses in today’s time.
Bank Reconciliation to review the bank reconciliations done by the Accounts Executive on a monthly basis and ensure this is done as per SOP.
To monitor and review the cash clearing and card clearing reconciliation report on a monthly basis.
To ensure all postings relating to banks are done properly in SAP
Cash Management Services and POS Services Ensure all the Retail stores are provided unhindered Cash Management Services and POS Services (Credit card acquiring) within the stipulated time and proper documentations are maintained.
Coordination with banks for support services required by the retail stores
Treasury Reports To review and submit the Treasury Reports with Treasury Manager to CFO- Retail and to the Group Treasury and ensure it is submitted within the stipulated time.
Daily bank position summary on a daily basis for MENA and weekly basis for SEA regions
Consolidated Cash Forecast of Retail Division on a monthly basis in BIW System and inform Group Treasury of the updation within the stipulated time.
Preparation of new dashboard region wise to highlight the Retail business cash requirements , availability , facility utilisation , cash forecast etc.
Non funded facilities utilization and the collection summary on a monthly basis to Group Treasury within the stipulated time.
Liquidity Management report on a monthly basis to Group Treasury within the stipulated time.
Intercompany and FX Exposure reporting
Treasury Projects/Initiatives To assist Treasury manager in the implementation of new initiatives
Automation of payments, receivables and bank reconciliation
Managing Treasury Management System(TMS)
QUALIFICATIONS, EXPERIENCE, & SKILLS:
Minimum Qualifications and Knowledge: Graduate (Commerce) or MBA (Finance) or ACCA or CA [an advantage].
Minimum Experience: 3-4 years
Job-Specific Skills: Analytical, Numeric, Microsoft Office, Knowledge of accounting policies of the group as well as IFRS.
Behavioural Competencies: Committed, Hardworking, good communication skills.
We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.
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