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. 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