Website AL FUTTAIM
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
Required Skills to be successful:
• Automotive / leasing / rental experience
• Minimum of 6 years
• Certified accountant
• Good communications skills
To apply for this job please visit www.afuturewithus.com.