Tower Head – Treasury Back Office

Tower Head – Treasury Back Office

Date: 14 Aug 2023

Location: Dubai, AE

Company: Al Futtaim Private Company LLC

Job Requisition ID: 156330

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world’s most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

We are currently seeking an experienced finance professional to join our Finance Shared Service Center in the capacity of Tower Head – Treasury.

Overview of the role
As a member of FSSC management team– The role involves leading a treasury back-office team and ensuring the efficient execution of treasury transactions, reconciliations, reporting, and compliance processes while working closely with the Group Treasury Center (GTC).

He/she will also be responsible to support projects initiated by GTC as well as manage treasury back office processes for all AF Group companies (200+ entities) across 10 different geographies supporting all divisions viz. Automotive, Retail, Real Estate, Construction, Healthcare, Group Services etc. with major emphasis on:

Ensuring compliance with company policies and SOPs
Periodical and accurate monthly closing and reporting with emphasis on accurate postings
Substantiation of treasury GL balances and misstatement values
Drive discussions around bank reconciliation open items
Ensure all inter-co loans are managed in TMS system, reconciled and interest accruals/expenses are properly accounted
Manage internal and external Audits
Drive continuous improvements and automation within Treasury processes
Ensure SLA compliances

What you will do

Service Delivery – Treasury Process

Spearhead end-to-end Treasury processes including bank account administration, treasury master data management, treasury operations and bank reconciliation of all Al Futtaim companies supporting different divisions like Auto, Real estate, Contracting, Retail, Corporate functions etc.
Monitor compliance with relevant regulatory guidelines and internal policies. Implement and maintain controls to mitigate operational and financial risks.
Ensure accurate and timely reconciliation and reporting of treasury transactions, positions, and cash balances. Also ensure timely circulation of treasury reports for management and regulatory purposes.
Schedule discussion with business counterparts (Group Treasury, CFOs & Finance Controllers) to address open issues related to processes supported by the treasury back-office.
Facilitate internal/external audits and ensure timely response, documentation and information.
Work collaboratively with all stakeholders by developing impactful working relationship.
Ensure delivery of agreed service levels (SLAs)
Governance & Reviews

Monthly reviews of Treasury GLs and misstatement values with Treasury team leads.
Review open line item and ageing in General ledger and design plan of action for timely clearance.
Review and resolve pre and post close issues related to bank reconciliation, inter-company loans and other treasury products.
Process Improvements

Improve overall TAT of Treasury processes including significant reduction in bank open items.
Partner with Group Treasury and other stakeholders to implement various group initiatives.
Establish clear timelines and ownership.
Standardization of Treasury GL schedules and implement quality review process.
Support Process improvement team & IT in driving various quality and process automation initiatives
People Management

Assist management with career development activities for team lead and team members, including performance management and feedback.
Ensure adequate guidance and training of team members to meet service delivery targets.
Responsible for attrition management and timely backfills

Required skills to be successful

Excellent stakeholder management skills
Significant experience of process improvement in a large global organization
Excellent written and verbal communication and interpersonal skills. Ability to communicate and interact well.
Organisation: Work independently and ensure service delivery within defined SLAs
Leader: solid individual who thrives when working in a fast-paced, high energy and project-oriented environment
Stakeholder management: excel in developing strong client relationships, drive client dialogue both at finance manager and at CFO level, and in originating, shaping and delivering value-led finance projects

What equips you for the role

ACA / ACCA / CIMA Qualified Accountant or equivalent
12-15 years of similar experience, with a good knowledge of ERP systems (Preferably SAP).
Good accounting and treasury back office knowledge, preferably worked with MNCs, analytical mindset, process oriented, well organized, with excellent communication and stakeholder management skills, ability to work to tight deadlines

We’re 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.