Assistant Treasury Manager

Responsibilities:

1. Preparation of daily cash flow and cash flow forecast, guide and follow-up with individual units and stores in reporting the daily cash flow.
2. Monitoring all Carrefour GCC bank accounts and banking operations.
3. Cheques signatures verification and authorizing issued cheques through S2B.
4. Follow up and monitor all bank transfers.
5. Evaluate the requirements of foreign currency, and coordinate with INT treasury to provide the needed requirement of foreign currency.
6. Optimization of cash within GCC. Ensure there are no sleeping funds in accounts; all surplus funds to be deposited with INT treasury.
7. Change of signatories, updating bank’s information, renewing guarantees and facilities.
8. Closing/opening new accounts with bank.
9. Support Business units in preparing proper cash flow forecast.
10. Support and monitor bank reconciliation of HO and stores.
11. Support units on all credit cards issues.
12. Coins cash flow management and maintaining coins availability.
13. Manage operational day-to-day relationships with Banks.
14. Monitor bank service fees and address quality issues.
15. Implement new projects at all GCC stores and countries.
16. Perform any other task assigned by the management i.e. Group Treasury, Country’s management.

Qualifications:

1. University qualifications: Bachelors in Finance
2. Previous experience: 0-2 years
3. Specialist knowledge: Financial Analysis, Reports creation
4. Gender Preference: Male
5. Nationality Preference: Emirati
6. Language Skills: Arabic and English
7. Current Residence: Dubai

Language Proficiency:

Arabic - Fluent / Excellent
English - Fluent / Excellent

Own a Car

Any

Have Driving License

Any

About The Company:

Recognized as one of the most active shopping concept developers throughout the region, the Group first introduced the hypermarket model to the Middle East in 1995. Majid Al Futtaim Retail manages Majid Al Futtaim Hypermarkets, a joint venture company with the world’s second largest retailer Carrefour, and offers shoppers the same quality, variety and value-for-money that have made the brand a household name to millions over the world.

In the last 3 years, Majid Al Futtaim Hypermarket has opened 14 new Stores. In the expansion of Carrefour across the region currently there are 37 hypermarkets in the Middle East. In the coming year of 2010, Majid Al Futtaim Retail expects to open 10 new stores.