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Treasury Accountant | Corporate Services | Dubai

1.00 to 10.00 Years   Dubai, United Arab Emirates   29 Dec, 2021
Al Futtaim Group
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

About the RoleThe position provides Banking, Forex and Accounting support to the Global Treasury Centre and all the Group?s businesses. The jobholder constantly co-ordinates with Global Treasury Centre, business finance & banks to provide this support.?As 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:

  1. Liquidity Management through reporting and payment operations
  2. Loan operations which include drawdown, settlements, roll overs of loans post review of cash flow
  3. Forex and derivative back office operations including confirmation processing, settlements etc.
  4. Trade finance documentation review & issuance and coordination with banks
  5. Settlements and Accounting journals for all treasury related transactions through SAP TRM/ERP
  6. Month end closing activities and audit?
  7. Treasury related project support
?Daily Liquidity management:
  • Preparation of daily liquidity report for all the Group?s bank accounts and Treasury exposures
  • Preparation 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
Forex and derivatives:
  • Ensuring that Forex, options and derivative transactions are confirmed and settled after reviewing bank confirmations
Trade Finance instruments review & issuance:
  • Ensuring that requests received from GTC to issue trade finance instruments (Letter of credits, Advance payment guarantees, bid bonds, retention bonds, Stand by Letter of Credits etc) are acted in a?timely manner after ensuring DOA compliance?
  • Supporting with the back-office activities in relation to export letter of credits and bank guarantees received
  • Preparation of LC discounting documents to discount and receive payment in a timely manner.
  • Preparation of monthly report on all outstanding guarantees & LCs and sending to business for closure of outstanding guarantees.
?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
Project Support:
  • To support the implementation of all treasury related projects (Treasury & Risk Management, Cash Management & Automation initiatives)

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