AF24745 - Treasury Accountant | Corporate Office

Department: Corporate Office
Country: United Arab Emirates
Location: Dubai | UAE
Closing Date: 24-Oct-2016

Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates.

Al-Futtaim employs in excess of 44,000 people, operates through more than 200 companies and represents more than 225 international brands across industries as diverse as retail and wholesale trading, distribution, real estate development, leisure and hospitality, insurance and financial services. The group has significantly expanded its business operations in recent years through a strategic acquisition plan and has entered a number of new territories, increasing its footprint beyond the GCC and Greater Middle East to encompass Africa, South East and North Asia, Australasia, East Africa and Europe.

Entrepreneurship and rigorous customer focus has enabled Al-Futtaim to grow its business by responding to the changing needs of the customers and societies in which it operates. Al-Futtaim is committed to offering customers an unrivalled choice of the world’s best brands with exceptional standards of customer service and after sales support.

Structured into four operational divisions; automotive, financial services, real estate and retail, Al-Futtaim maintains a decentralised approach, giving individual businesses flexibility and versatility to maintain a competitive stance. This benefits employees, providing a clearly defined work culture where individuals are empowered with authority and responsibility for their work.

The success of Al-Futtaim is attributed to proactively managing change whilst upholding the values of integrity, service and social responsibility. The majority of businesses, built on a portfolio of world leading brands, dominate their sector.


Al-Futtaim is regarded as a pioneer in the region’s automotive industry. The company imported the first consignment of Toyota vehicles to the UAE and established Al-Futtaim Motors in 1955.

Al-Futtaim represents 44 automotive brands across 16 countries and encompasses every aspect of the business:

  • Passenger and commercial vehicles sales
  • Manufacturing agricultural vehicles
  • Construction equipment sales and service
  • Used car sales
  • Rental and leasing
About the Position:

As a member of the Al Futtaim Shared Services team the Treasury Accountant will have to support the Automotive Business Units on preparation of Actual & forecast Cash flow, ensuring day to day fund management and ensuring day to day operating and accounting controls.

You will be responsible for transfer of funds to various bank accounts to meet vendor payment obligations, loan settlements and other expenses. You will be required to draft and review LC terms & bank guarantee terms and advise the business and stake holders. You will be required to timely report the daily bank balance reports, prepare treasury reports, calculate the Overdraft, short term interest costs and other bank charges and liaise with banks for resolving business queries.

You will also be responsible for supporting the Finance Manager on projects like online banking, Cards, new banking relations for overseas entities.

About You:

The ideal candidate will possess a professional accounting qualification along with relevant experience within a large organization.

You will also possess an analytical & process oriented approach, good communication skills and exposure to an ERP.

Note: you will be required to attach the following: 1. Resume/CV
Al-Futtaim offers highly engaging and supportive work environments in a culture that values, recognises and rewards quality performance.