No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.
As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.
Come join us to live well, work better, and be the best.
Job Title: Treasury Analyst
Job Location: Al Futtaim Engineering, Dubai, UAE
Reporting Line: Treasury Manager
Job Purpose: - To provide operational support to the organisation in terms of Treasury and Trade Finance Activities - LCs, Guarantees, Bank Account Management, Cash Management, Loan Management, Reporting etc.
- To operate independently under the guidance of the Treasury Manager.
- Achievement of Operational Budget Targets
- Supporting efforts to improve RAROC
- Supporting Automation of Trade Finance Products
Key Accountabilities: - Managing Bank Accounts as per Group's Policy Guidelines -
- Maintaining operating mandates, Account opening, signatory updates, KYC compliance, Review of dormant accounts, closing accounts and periodic reporting.
- Cash Pooling, forecasting, Transfers among member companies, preparation of cashflow forecast, consolidation and variance analysis
- Managing the complete lifecycle of Import Letter of Credits - Preparation of LC Applications as per PI and PO, following up with Banks for its processing, checking the transmitted copy, managing discrepancies, Retirement of documents, Checking the documents on arrival for its compliance, settlement value, charges and accounting
- Managing the complete lifecycle of Export Letter of Credit - Checking the incoming LC for its workability, seeking amendments, preparation of documents in compliance with terms and conditions of LC and applicable Rules, Negotiation, Discrepancy management, followup with Banks at various stages till final settlement and accounting.
- Managing the complete lifecycle of Bank Guarantees - Checking the request for Guarantees from Business units, preparation of Application and formats for various types of Guarantees (Tender, Advance Payment, Performance, Retention, Financial etc.), attending to queries and resolving all issues for approval and issuance. Retrieval of old guarantees on expiry or completion of purpose and maintain records etc. Risk avoidance and mitigation in guarantees is a primary task.
- Forecasting funds requirement and availing various loans - Import Loans, Short-term Loans, Invoice Discounting etc. monitoring and planning Settlements, Interest accruals, accounting, record maintenance etc.
- Preparation of various reports relating to Cash Position, Cashflow forecast, LCs, Guarantees, Bank borrowings etc.
- Preparing schedules for Interim and Final Audit and attending to queries raised by external auditors and resolving them to their satisfaction.
Qualifications, Experience & Skills:
Job-Specific Skills:
- Knowledge of Trade Finance Rules - UCP600, URDG 758, URC522 and Incoterms 2010
- Knowledge in Accounting / Finance
- Proficiency in MS Office
- Knowledge of Arabic is an added advantage
Minimum Experience: - 5 Years in Treasury & Trade Finance, preferably in Banks, Construction and Contracting companies
Minimum Qualifications and Knowledge:
- Graduate in Accounting / Finance / Banking
Behavioural Competencies: - Excellent Interpersonal skills
- Strong in problem solving and solution providing
REF: RJ
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