Overview of the role
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:
- 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 do
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.
- 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.
Skills
Required skills to be successful
- Analytical
- Process oriented
- Good communication skills
- Exposure to ERP
What equips you for the role
- A bachelor’s/master’s degree in commerce/financial management/ accountancy.
- With three to five years of experience within the Treasury, function of a medium to large organization or banks.