• Finance Manager Treasury Jobs in Jeddah

  • AL-FUTTAIM GROUP
  • Jeddah

Job Description:

Finance Manager Treasury | FAMCO | Jeddah

Location Jeddah, SA

Company Al Futtaim Private Company LLC

Job Requisition ID 40120

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 Youll 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

ROLE PURPOSE

FM Treasury despite of very critical role is new to KSA Finance (historically outsourced to UAED) and is critical to drive business strategy going forward

KEY ROLE SPECIFIC ACCOUNTABILITIES Specify the output required from the role It is recommended to identify not more than 6-8 key tasks and their performance indicators NB Focus on outcomes not tasks

Foreign Currency exposure

To support Head of department in assessing foreign currency exposure of business units on a continuous basis and ensuring compliance of organizations hedge Policy
Develop robust foreign exchange and treasury management tool for underlying entities to ensure Minimal exposure to adverse foreign exchange currency movements
Minimal risk or the loss of any value in surplus funds

Proper assessment of all financial institutions group companies deal with
Effective and accurate cash flow forecasting including daily, monthly, quarterly and 12 months rolling basis and effective utilization of banking, other facilities and credit lines
Optimal management of all the inter-company funding and potential exposures

Cash flow and Liquidity Management

Responsible to review of cashflows results and forecast implement strong cashflows controls and early warning signals by continuous This include implementing a robust reporting system to enhance the divisional visibility of entity level cash position and forecast variances
Devise strategies and support Finance head and Divisional Finance team to implement the Groups strategy to move from a historical rest of the year cash flow forecasts to rolling 12 months forecasts
Continuously monitor bank balances and optimise effective utilisation of funds across underlying entities and optimize the finance/funding costs

Banking Operations

Review and restructure the banking & treasury operations across underlying entities including optimization of accounts structure, bank relations, etc
Devising and delivering the AFGs treasury strategy together with the Head of department & divisional finance team
Maintain and build relationships with banks in the region jointly with Group teams
Liquidity Management ensure most efficient and cost effective cash management tools are implemented
Manage macro-economic data to detect country and currencies exposures early on as well as determine the cash/banking landscape in future countries the company might enter into
Development, periodic review and implementation of adequate treasury processes

Banking facilities

Review & restructure all bank & supplier finance facilities including funded/non-funded facilities, LCs, Bank/Corporate Guarantees, etc and ensuring entity is appropriately funded with desired debt equity ratios
To support Head of department in Identifying and initiating fund based and non-fund based banking facility requirements with divisional teams as per business plan and reviews

Central Procurement/Trade instruments - Business support

Localize all the central procurement activities for KSA businesses
Reviewing the supplier financing arrangement and ensure the benchmarking in line with divisional expectations
Responsible for the improvisation of Inter-company policy, exposures and related diligence

Capital Re-structuring

Support Head of department for capital restructuring that include financial forecasts modelling, desired gearing and debt equity analysis, negotiation of financing deals/instruments through active involvement of Group Treasury/Legal
Supports the negotiation of financing deals, including cross-border structured financings, or other instruments in order to secure funds on terms and conditions that are advantageous to the Group
Improvise and roll-out EY financial modelling tool and develop best practices within the team in terms of developing and maintaining analytical tools to assess financing structures
Co-ordinate and consolidate regular cash, capital expenditure and financing cash flow forecasts

Others

Support Head of department to successfully roll-out the Groups Treasury Management System
Produce regular treasury reports

PERSON SPECIFIC

Education

Professional accounting or finance qualification or equivalent (at least Post Graduation Equivalent)

Minimum Experience and Knowledge

At least 6-7 years relevant experience within a large organization with Minimum of which 2 years in leadership role controlling treasury operations
Highly numerate
Excellent excel and financial modelling skills
Previous experience in an automotive, banking, private equity or similar industry
Good understanding of fleet financing principles desirable
Responsible and conscientious individual
Ability to work under pressure, to tight deadlines and deal with conflicting interests, both internally and with outside parties
Strong analytical and inter-personal skills
Motivated self- starter who can work under own initiative
Excellent team player who enjoys working in an international and multi-cultural environment
Arabic language skills desirable but not essential
Job-Specific/Technical Skills required to complete the tasks

Analytical, Process oriented, good communication skills, Analytical, process oriented, good communication skills, exposure to ERP The job holder should have strong documentation ability in development of policies and procedures

Were here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish

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

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Consumer Durables/FMCG, Retailing
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Audit & Risk
Salary : As per Industry Standards
Deadline : 15th Mar 2020

Key Skills:

Company Profile:

Company
AL-FUTTAIM GROUParfix

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