Job purpose:
As a member of the Treasury Back Office team, the Senior Treasury Accountant supports the Al-Futtaim Global Treasury Centre (GTC) and Business Units through treasury accounting, liquidity reporting, payment operations, intercompany and external loan administration, deposits and investments, foreign exchange settlements, month-end closing, audit support, and treasury projects. The role ensures that treasury transactions are processed, accounted for, reconciled, and reported accurately and on time through SAP TRM/ERP and applicable banking platforms.
Key accountabilities:
Daily liquidity management:
Prepare daily liquidity and cash position reports covering the Group’s bank accounts and treasury exposures.
Prepare and verify transfer instructions, online payments, and funding movements in a timely manner.
Monitor balances and highlight funding requirements or excess liquidity to the Senior Manager.
Loan and deposit operations:
Maintain reporting for internal and external loan portfolios, including drawdowns, settlements, rollovers, and pre-settlements.
Prepare loan and deposit request letters and submit them through manual or online banking channels.
Maintain repayment, maturity, interest, and deposit placement schedules and match bank confirmations.
Inter company loans:
Maintain full control over intercompany loans between Group entities.
Perform reconciliations, interest calculations, accruals, FX revaluations, repayments, and closing entries.
Support loan documentation, audit requests, issue resolution, and approved write-offs or settlements.
Forex and treasury settlements:
Review bank confirmations and ensure foreign exchange transactions are confirmed, matched, settled, and accounted for.
Investigate and resolve unmatched or failed treasury settlements with banks and internal stakeholders.
Accounting, reconciliations, & audit:
Account for treasury transactions including loans, deposits, investments, treasury bills, FX, trade finance, bank charges, and interest through SAP TRM/ERP.
Prepare bank reconciliations, treasury schedules, accruals, revaluations, and month-end journals.
Support internal and external audit requests and maintain complete supporting documentation.
Treasury projects and process improvement:
Support treasury initiatives including SAP TRM enhancements, SWIFT and online banking rollouts, cash management, cash pooling, and process automation.
Participate in solution design reviews, testing, training, SOP preparation, and process documentation.
Identify control gaps and opportunities to improve efficiency and reduce manual work.
Banking operations and controls:
Maintain bank account and signatory records and support KYC documentation and banking administration.
Apply treasury controls, approval matrices, and segregation-of-duties requirements.
Coordinate with Business Units, banks, Financial Reporting, Tax, Legal, and GTC to resolve operational matters.
Qualifications & experience:
Bachelor’s degree in Accounting, Finance, Commerce, or a related discipline, with a minimum of 2 years of relevant experience in treasury, treasury accounting, banking operations, or financial reporting within a medium to large organization or bank. Professional treasury or accounting qualification is an advantage.
Treasury accounting; liquidity reporting; bank reconciliations; internal and external loan administration; interest accruals and FX revaluation; deposits and investments; SAP ERP/SAP TRM exposure; advanced Excel; analytical and communication skills; audit support; and process documentation.
Able to plan and prioritize multiple deadlines; self-motivated; detail-oriented; control-focused; proactive in resolving issues; strong stakeholder management; and a collaborative team player.