Assistant Manager - Cash Management

Job Description

Assistant Manager - Cash Management | Global Treasury Center | Corporate ServicesOverview of the roleAs part of the Cash Management and Trade Finance (CMTF) vertical within the Global Treasury Center (GTC) based in Dubai, UAE, the Assistant Manager ? Cash Management will support the Manager ? Cash Management in managing cash transactions across and on behalf of the Al Futtaim Group entities in the UAE, GCC, Singapore, Malaysia and Hong Kong, in compliance with treasury policies and procedures. The role is division agnostic, meaning that all activities will be performed on behalf of all the Al Futtaim Group entities, subject to certain exceptions.ÿWhat you will doCash Management

• Assist in determining Group and country cash levels.
• Decide on necessary actions to be taken based on the daily cash position, facility utilization and headroom
• Provide inputs and recommendation to Manager ? Cash Management to mobilize cash to manage liquidity efficiently (minimize interest costs)
• Ensure efficient cash management on a daily basis by working closely with the Manager ? Cash Management, as well as the Invoice-to-Pay (I2P), divisions and business units? Financial planning and analysis (FP&A) teams.
• Ensure that accounts are funded in right currency and on-time
• Assisting in optimization of cash concentration at header level whilst ensuring the divisions? daily liquidity requirements
• Assist in negotiation of group and country cash pooling arrangements
• Regularly reviewing the structure and pricing of cash management solutions
• Ensure proper records are maintained in Treasury Management Systems (TMS) for all transaction, working closely with Treasury Back Office Tower (TBOT)
• Short term Cash Flow forecasts
• Assist in setting group-wide cash forecasting guidelines
• Report and analyse a short term 12-month rolling direct cash flow forecast on a bi-weekly basis in conjunction with divisions and business units? Financial planning and analysis (FP&A) teams
• Assist in assessing the funding requirements for the Group and its subsidiaries
• Consolidate and maintain cash flow forecasts in Anaplan
• Perform regular variance analysis reports and discuss deviations with the divisions
• Prepare and maintain consolidated short-term cash flow forecast as per theÿManager ? Cash Management guidelines

• Assist in the Management of In-House bank (IHB) funding strategy
• Assess in coordination with Senior Manager ? cash management and Global Treasury Center - Financial Risk Management (GTC/FRM) whether short term cash requirements should be funded from internal or external sources
• Assist in managing an in-house bank aimed at funding all short-term transactions on behalf of the Group companies from either pooled cash or utilizations of trade finance facilities provided by banks, optimizing net interest for Group and Group companies
• Ensure proper records are maintained in TRM for all transaction, working closely with Treasury Back Office Tower (TBOT)

• Ensure compliance with Group treasury policies
• Provide inputs to Global Treasury Center - Governance, Risk Control & Transformation (GTC/GRCT) team on all reporting aspects
• Coordinate with TBOT to run daily cash position reports
• Provide inputs into cash management strategy including IHB and treasury policies
• Support all Treasury transformation projects, including further roll-out of TMS, and automated cash pooling strategies across the Group entities

• Support Trade Finance function as and when required
• Prepare Adhoc reports as and when required

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