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Accounts Executive - Treasury | Automotive| Dubai (New role)

Date: 11-Feb-2021

Location: Dubai, AE

Company: Al Futtaim Private Company LLC

Job Requisition ID: 80881 

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.

As a member of AFSS Treasury team – to support the Automotive Business Units on:

  • Cash flow forecast and liquidity management
  • Forex exposure and managing the hedge process
  • Managing funded & unfunded limits requirements and optimal utilization
  • Ensuring day to day operating and accounting controls

 

Key Responsibilities:

Foreign Currency exposure

  • To support FM Treasury in assessing foreign currency exposure of business units on a continuous basis and ensuring adequate hedge process in place in consultation with management and Group treasury.
  • Banking facilities
  • To support FM treasury in Identifying and initiating fund based and non-fund based banking facility requirements for the business units with group treasury as per business plan and reviews
  • To ensure banking faculties of the Automotive Division are optimally utilized, by minimizing cost of funding.

Cash flow and Liquidity Management

  • Prepare cash flow forecasts and build early warning signals to ensure cash equilibrium is maintained always.
  • Continuously monitor bank balances and optimize effective utilization of funds and at optimal cost.

Supply chain - Business support

  • To ensure timely opening of import letters of credit as per automotive principal requirements and based on purchase plans of the business.
  • Advise business units on bank guarantee requirements of the business units and ensure timely action.

 

External Audit

  • To coordinate external Audit of the automotive entity by providing relevant explanations and schedules to Auditors and ensure smooth completion.

Qualifications, Experience & Skills:

  • Minimum Qualifications and Knowledge: Professional accounting qualification.
  • Minimum Experience: At least 5 years relevant experience within a large organization in a supervisory level
  • Job-Specific Skills: Analytical, process oriented, good communication skills, exposure to ERP
  • Behavioral Competencies: Should be able to plan and prioritize tasks, persuasive skills, Kaizen attitude, Self-motivated; and a strong team player.

 

 

AW

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Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

 

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.