Treasury Senior Accountant

Job Purpose:

As a member of the Treasury Back Office team, the Senior Treasury Accountant supports the Al-Futtaim Global Treasury Centre (GTC) and Business Units through treasury accounting, liquidity reporting, payment operations, intercompany and external loan administration, deposits and investments, foreign exchange settlements, month-end closing, audit support, and treasury projects. The role ensures that treasury transactions are processed, accounted for, reconciled, and reported accurately and on time through SAP TRM/ERP and applicable banking platforms.

Key Accountabilities:

Daily Liquidity management:

• Prepare daily liquidity and cash position reports covering the Group’s bank accounts and treasury exposures.
• Prepare and verify transfer instructions, online payments, and funding movements in a timely manner.
• Monitor balances and highlight funding requirements or excess liquidity to the Senior Manager.

Loan and deposit operations:

• Maintain reporting for internal and external loan portfolios, including drawdowns, settlements, rollovers, and pre-settlements.
• Prepare loan and deposit request letters and submit them through manual or online banking channels.
• Maintain repayment, maturity, interest, and deposit placement schedules and match bank confirmations.

Inter Company Loans:

• Maintain full control over intercompany loans between Group entities.
• Perform reconciliations, interest calculations, accruals, FX revaluations, repayments, and closing entries.
• Support loan documentation, audit requests, issue resolution, and approved write-offs or settlements.

Forex and Treasury Settelments:

• Review bank confirmations and ensure foreign exchange transactions are confirmed, matched, settled, and accounted for.
• Investigate and resolve unmatched or failed treasury settlements with banks and internal stakeholders.

Accounting, Reconciliations, & Audit:

• Account for treasury transactions including loans, deposits, investments, treasury bills, FX, trade finance, bank charges, and interest through SAP TRM/ERP.
• Prepare bank reconciliations, treasury schedules, accruals, revaluations, and month-end journals.
• Support internal and external audit requests and maintain complete supporting documentation.

Treasury Projects and Process Improvement::

• Support treasury initiatives including SAP TRM enhancements, SWIFT and online banking rollouts, cash management, cash pooling, and process automation.
• Participate in solution design reviews, testing, training, SOP preparation, and process documentation.
• Identify control gaps and opportunities to improve efficiency and reduce manual work.

Banking Operations and Controls:

• Maintain bank account and signatory records and support KYC documentation and banking administration.
• Apply treasury controls, approval matrices, and segregation-of-duties requirements.
• Coordinate with Business Units, banks, Financial Reporting, Tax, Legal, and GTC to resolve operational matters.

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, Commerce, or a related discipline, with a minimum of 2 years of relevant experience in treasury, treasury accounting, banking operations, or financial reporting within a medium to large organization or bank. Professional treasury or accounting qualification is an advantage.
• Treasury accounting; liquidity reporting; bank reconciliations; internal and external loan administration; interest accruals and FX revaluation; deposits and investments; SAP ERP/SAP TRM exposure; advanced Excel; analytical and communication skills; audit support; and process documentation.
• Able to plan and prioritize multiple deadlines; self-motivated; detail-oriented; control-focused; proactive in resolving issues; strong stakeholder management; and a collaborative team player.