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Senior Accountant - TrBOT

1.00 to 10.00 Years   Dubai, United Arab Emirates   31 Jan, 2024
Confidential Company
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

Overview of the roleAs 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:

  • Liquidity Management through reporting and payment operations
  • Loan operations which include drawdown, settlements, roll overs of loans post review of cash flow
  • Forex and derivative back office operations including confirmation processing, settlements etc.
  • Trade finance documentation review & issuance and coordination with banks
  • Settlements and Accounting journals for all treasury related transactions through SAP TRM/ERP
  • Month end closing activities and audit˙
˙What you will doDaily 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.
  • Timely and accurate reporting of all Treasury exposures
  • Ensuring all Treasury payments are executed smoothly.
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
  • Timely updating loan schedules
  • Ensuring timely preparation and submission of loan requests to banks and ensuring loans are received/ repaid
Forex and derivatives
  • Ensuring that Forex, options and derivative transactions are confirmed and settled after reviewing bank confirmations
  • Timely and accurate completion of the confirmation matching and settlement processes
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.
  • Timely issuance of trade finance instruments post review and approval in accordance with DOA.
  • Timely support on export LCs and guarantees received.
  • Timely updating & tracking all trade finance instruments and raising early warning signals on due dates & outstanding instruments.
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.
  • Timely & accurately posting all accounting journals for treasury transactions.
  • Timely closure of all month end activities being postings, reconciliations & schedules.

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