Finance Manager | Al Futtaim
Company Name: Al Futtaim
Qualification: Masters & Bachelors
Location: Dubai, United Arab Emirates
Salary Range: 25,000 AED – 30,000 AED
Company Size: 500 – 1000 Employees
Other Benefits: Medical Insurance | Bonus
Employment: Full Time
About Company
This role will support the ALM manager of Al Futtaim Financial Services and be supporting the ALM function of the business, managing the relationship with Automotive Divisional FP&A and Group Treasury.
Job Description/Role
What you will do:
Asset and liability Management
- Assisting with assets and liabilities strategy (gapping) that optimizes the company’s return, in accordance with the ALM Committee guidelines/ recommendations.
- Preparing ongoing assessment of asset & liability mismatches and managing the implementation of required short- and medium-term financing structures
- Develop risk measures, scenario analysis and stress testing and mitigating actions, to ensure all material risks are identified, quantified, managed, and reported.
- Support the management for capital, liquidity, interest rate, and other balance sheet risks via reporting against appetite and modelling forward-looking impacts and solutions.
- Determine the Company’s goals and funding risk and interest rate risk tolerance
- Management and mitigation of Liquidity Risk (including risks emanating from placement of fixed deposits)
- Management and mitigation of Foreign Currency and interest rate Risk
Cash Management
- Preparation of biweekly cash flow of financials services entities for submission into automotive Anaplan system, ensuring necessary alignment with different stakeholders
- Partner with business team to improve liquidity, over deliver budget targets, and actively manage working capital.
- Managing daily cash balances, and surplus cash for other assets
- Deliver insightful analysis of actual and projected capital, liquidity and Funding resources and constraints, to the business.
Policies and Procedures
- Understand and manage appropriate accounting procedures and processes related to debt and equity funding
- Support preparation of fiscal records and financial plans, policies, and reports
- Ensure compliance with policies
- Evaluates capital expenditures, investment activities and portfolio management
Corporate Financing
Prepare, consolidate, and finalize Strategic Plan & Financial Implications (PL, BS, CF, Medium Term Funding Plan)
- Prepare, consolidate, and finalize Budget & Forecast
- Review and analyse monthly financial results (B/S, P&L and cash flow) and provide key observations / recommendations to Management
Governance, Financial Risk Control, Transformation
- Develop SLAs to govern treasury activities and key touch points with Divisions and Business Units
- Ensure compliance with DOA through review of documentation (for example banking mandates, dealing mandates, account opening and closing)
- Perform KYC duties and update relevant documents with the banks (for example trade license, passport copies, sanctions undertakings/questionnaires, FATCA, etc.) consultation with Legal and Tax where required
Required Skills to be successful:
- Automotive / leasing / rental experience
- Minimum of 6 years
- Certified accountant
- Good communications skills
About the Team:
You will be reporting to Sr. Financial Controller
What equips you for the role:
- Qualified in Finance or Accounting (CA, CPA, CFA)
- Understanding of forex and treasury accounting including FX, liquidity, cashflow and various financial instruments
- 2 to 5 years of Automotive and or banking experience preferable
- Strong understanding of cash flow concepts / principles and forecasting a must with particular focus on Direct Cash Flow.
- Experience in Managing balance sheet risks and mitigation strategy
- Excellent communication, analytical, written, and interpersonal skills, and proven ability to work with global finance teams.
- Understanding of financial markets, financial instruments and debt instruments
- Knowledge of banking relationships and covenants
- Established record in managing multiple and competing priorities. Ability to meet deadlines and work well under pressure in a fast-paced environment
- Strong capabilities in complex financial modelling
- Intermediate to advanced computer software skills, including Excel and other accounting packages
- Strong commercial experience and business understanding
- Knowledge of SAP BPC and Anaplan