Senior Accountant

Job Role:
Loan operations which include drawdown, settlements, roll overs of loans post review of cash flow
Forex and derivative back office operations including confirmation processing, settlements etc.
Trade finance documentation review & issuance and coordination with banks
Settlements and Accounting journals for all treasury related transactions through SAP TRM/ERP
Month end closing activities and audit
As a member of Treasury Back office team, you will be supporting the Al Futtaim Global Treasury Centre (GTC) and the Business Units on the following:
Liquidity Management through reporting and payment operations

Job Responsibility:
Timely and accurate reporting of all Treasury exposures
Ensuring all Treasury payments are executed smoothly.
Loan and deposit operations
Preparation of daily liquidity report for all the Group’s bank accounts and Treasury exposures
Preparation of all transfer letters manually / online in a timely manner to manage the funds appropriately.
Ensuring timely preparation and submission of loan requests to banks and ensuring loans are received/ repaid
Forex and derivatives
Supporting GTC by the provision of necessary reporting in relation to the Group’s loan portfolio of both internal and external loans.
Preparation of /drawdown / settlement / rollover / pre-settlement request letters in a timely manner either manually / online
Preparation and submission of deposit placement requests to banks and ensuring the receipt and matching of bank confirmations
Timely updating loan schedules

Ensuring that Forex, options and derivative transactions are confirmed and settled after reviewing bank confirmations
Timely and accurate completion of the confirmation matching and settlement processes
Trade Finance instruments review & issuance
Preparation of LC discounting documents to discount and receive payment in a timely manner.
Preparation of monthly report on all outstanding guarantees & LCs and sending to business for closure of outstanding guarantees.
Timely issuance of trade finance instruments post review and approval in accordance with DOA.
Timely support on export LCs and guarantees received.
Timely updating & tracking all trade finance instruments and raising early warning signals on due dates & outstanding instruments.
Ensuring that requests received from GTC to issue trade finance instruments (Letter of credits, Advance payment guarantees, bid bonds, retention bonds, Stand by Letter of Credits etc) are acted in a timely manner after ensuring DOA compliance
Supporting with the back-office activities in relation to export letter of credits and bank guarantees received

Accounting & Audit
Ensuring all month end treasury activities of reconciliations, treasury schedules, audit schedules are prepared in a timely manner.
Timely & accurately posting all accounting journals for treasury transactions.
Timely closure of all month end activities being postings, reconciliations & schedules.
Ensuring that all treasury related transactions (Loans, liquidity, Forex, Trade finance, charges & Interests) are accounted in a timely manner through processes in SAP TRM or ERP

Required skills:
Good communication skills
Exposure to ERP
Analytical
Process oriented

What equips you for the role
A bachelor’s/master’s degree in commerce/financial management/ accountancy.
With three to five years of experience within the Treasury, function of a medium to large organization or banks.