Finance Manager

at  AlFuttaim

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 Arab 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 organization 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

REQUIRED SKILLS TO BE SUCCESSFUL:

• Automotive / leasing / rental experience
• Minimum of 6 years
• Certified accountant
• Good communications skills

OVERVIEW OF THE ROLE:

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.

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

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