AF25801 - Finance Manager - Treasury | Finance | Cairo Festival City | AFGRE | Cairo, Egypt

Department: Al Futtaim Real Estate
Country: Egypt
Location: Cairo I Egypt
Closing Date: 10-Apr-2017
Al-Futtaim

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.

Real Estate

Al-Futtaim Group Real Estate (AFGRE) is responsible for the development and operations of Al-Futtaim’s real estate businesses across the Middle East and North Africa which includes:

Dubai Festival City, a 520 hectare waterfront mixed use community, opened in 2005.

Cairo Festival City, a 290 hectare mixed use development, opened in December 2013.

Doha Festival City, comprising 433,847 sq m (land) + 250,000 sq m (GLA) opened in April 2017, IKEA opened in March 2013.

Al-Futtaim Real Estate

Al-Futtaim Real Estate offers comprehensive services from selection of site and feasibility studies to construction and property management. The range of properties administered and leased in the UAE includes warehouses, showrooms, workshops, offices, villas and apartment buildings. Al Futtaim's warehousing complex at Rashidia in Dubai, measuring over one million square feet, is by far the largest owned by any company in the Gulf. This is used as a central warehouse for the group, stocking vast quantities of electronic goods, automobiles, commercial vehicles, heavy equipment and inventories of spare parts. The company also has some 200,000 square feet of showroom space and 600,000 square feet of workshops in Dubai, Abu Dhabi, Fujairah, Sharjah, Ajman and Umm Al Quwain. Among the largest of these are the showrooms of Al Futtaim Panatech and Al Futtaim Motors in Dubai.

Residential properties in Dubai owned by Al Futtaim Real Estate, include some 900 apartments and villas like Al Garhoud, Safa village and Al Hamriya Villa Compounds, Dar Al Muteena, Dar Al Buteen, Dar Al Buteen II, Dar Al Khabeesi, and Dar Al Muragabat. These properties are characterised by a high standard of accommodation and leisure facilities. In keeping with the economic growth of the United Arab Emirates and Dubai, it is envisaged that Al-Futtaim Real Estate will concentrate its efforts and resources towards the development of prestigious real estate complexes to supplement the growing demand for commercial and residential properties.

About The Vacancy:

We are seeking to hire a Finance Manager - Treasury to control, and support other departments control the company’s financial resources for better utilization. Your Job responsibilities will be including but not limited to the following:

  • To plan and manage the efficient utilization of capital structure and debt in a manner consistent with the objectives of the Real Estate and AF Group
  • To investigate and recommend comprehensive strategies to structure and raise debt capital; including complex modeling and forecasts,

     

  • managing funds and investments, and preparing periodic comparative financial reports for the GM Finance.

     

  • To continually evaluate alternative long‐term, short – term and mezzanine borrowing strategies and make recommendations in accordance with the capital structure guidelines.

     

  • To develop, analyze and recommend the borrowing risk tolerance for the organization, as well as recommend performance benchmarks.

     

  • To evaluate, develop and implement cash management systems to optimize efficiencies.

     

  • To manage relationships with the organization’s financial service providers; including banks, Group, investments bankers, and other stakeholders.

     

  • To manage the due diligence and loan closings processes; creating effective process

 

About You:

As a Finance Manager, you need to demonstrate the following Qualities, Skills and Knowledge :

Education:

Finance related  degree / CFA preferred

 

Minimum Experience and Knowledge: 

8- 10 years’ Experience in Real Estate, mall management and hospitality treasury function.

Previous experience includes Contracting business is a plus

Financial modeling experience is essential.

Experience in a fast‐paced, highly analytical, entrepreneurial environment – with ability and desire to help shape a new role and flexibly shift responsibilities over time as the role and department evolve.

 

High tolerance for ambiguity, changing work priorities and deadlines, and a willingness to take on responsibilities and to prioritize work on multiple projects

 

Excellent interpersonal communication skills, including on sensitive topics

 

Advanced analytical, organization, and interpersonal skills.

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.