Senior Manager - Cash Management

Job Description

Senior Manager - Cash Management | Group Treasury | DubaiJOB PURPOSE:As part of the Cash Management and Trade Finance (CMTF) vertical within the Global Treasury Center (GTC) based in Dubai, UAE, the Senior Manager ? Cash Management will establish internal capabilities and run a team incharge of 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.KEY ACCOUNTABILITIES:Short Term Cash Flow forecasts

• Set group-wide cash forecasting guidelines
• Maintain a short term 12-month rolling direct cash flow forecast on a bi-weekly basis in conjunction with the divisions and business units? Financial planning and analysis (FP&A) teams
• Review, challenge, and analysis of short-term cash flow forecasts prepared by the divisions
• 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 for Group CFO and Group Treasurer review.

In-House Bank

• Management of In-House bank for the AFG divisions
• Assess in coordination with Global Treasury Center - Financial Risk Management (GTC/FRM) whether short term cash requirements should be funded from internal or external sources
• Manage 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)

Cash Management

• Manage cash efficiently across the group by managing a small team responsible for cash management activities as well as working closely with Invoice-to-Pay (I2P), divisions and business units? Financial planning and analysis (FP&A) teams.
• Negotiate group and country cash pooling arrangements
• Determine Group and country cash levels
• Assess the funding requirements for the Group and its subsidiaries.
• Decision to enter into cash & investment instruments based on group-wide requirements
• Decide on necessary actions to be taken based on the daily cash position, facility utilization and headroom
• Mobilize cash to manage liquidity efficiently (minimize interest costs) in coordination with Global Treasury Center - Financial Risk Management (GTC/FRM)
• Ensure that accounts are funded in right currency and on-time
• Optimize cash concentration at header level whilst ensuring the divisions? daily liquidity requirements
• 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)

Governance and Transformation

• Ensure compliance with Group Treasury policies
• Provide inputs to Global Treasury Center - Governance, Risk Control & Transformation (GTC/GRCT) team on all reporting aspects
• Monitor and report on Group cash portfolio
• Provide inputs into cash management strategy including IHB and treasury policies
• Support all Treasury transformation projects.

Associate Development and succession planning

• Continuous development of associates on specialized skills required in managing cash management and trade finance products.

Keyskills :