Job description
Reports to: FM / AGM (MIS and Treasury Manager)Direct Reports: None
Department: Automotive Finance Shared Services
Locations: Dubai
JOB PURPOSE:
As a member of AFSS Treasury team - to support the Automotive Business Units - on
(a) Cash flow forecast and liquidity management
(b) Forex exposure and managing the hedge process
(c) Managing funded & unfunded limits requirements and optimal utilisation
(d) Ensuring uninterrupted supply chain
(e) Ensuring day to day operating and accounting controls
DESCRIPTION:
Foreign Currency exposure
- To support FM Treasury in assessing foreign currency exposure of business units on an continuous basis and ensuring adequate hedge process in place in consultation with management and Group treasury.
Banking facilities
- To support FM treasury in Identifying and initiating fund based and non-fund based banking facility requirements for the business units with group treasury as per business plan and reviews
- To ensure banking faculties of the Automotive Division are optimally utilized, by minimizing cost of funding.
Cash flow and Liquidity Management
- Prepare cash flow forecasts and build early warning signals to ensure cash equilibrium is maintained at all times.
- Continuously monitor bank balances and optimise effective utilisation of funds and at optimal costs.
Supply chain - Business support
- To ensure timely opening of import letters of credit as per automotive principal requirements and based on purchase plans of the business.
- Continuous monitoring of inbound shipments and effect payment on due date to ensure uninterrupted supply chain.
- Advise business units on bank guarantee requirements of the business units and ensure timely action.
Supply chain - Payment accounting and controls
- To ensure all principal vendor payments are accounted and validate the SAP inbound processes are completed by the business correctly and principal vendor accounts are reconciled at all times.
- Ensure inventory accounting is complete and accurate including Goods in transit accounting.
External Audit
- To coordinate external Audit of the automotive entity by providing relevant explanations and schedules to Auditors and ensure smooth completion.
PERFORMANCE INDICATORS:
- Preparation of timely, accurate foreign currency exposure forecast to management / group treasury for decision making.
- Preparation of banking limits requirements based in business plan and execution.
- Build early warning signals in the plans and reviews with business.
- Timely monitoring of funded and unfunded limits utilisation and ensuring availability of sufficient limits, raising timely alerts with group treasury for arranging additional limits.
- Improved supply chain visibility with business and provide process support.
- Timely reconciliation of vendor balances and escalation with business units for deviations if any.
- Timely completion of external audit within the timelines and address agreed improvement plans
JOB CONTEXT:
The position provides Banking / hedging and supply chain support to Automotive business entities. The jobholder constantly co-ordinaties with Group Treasury, Group Finance, business finance and Marketing teams carrying out reviews, analysis and validation.
About you
Minimum Qualifications and Knowledge: Professional accounting qualification.
Minimum Experience: At least 5 years relevant experience within a large organization in a supervisory level
Job-Specific Skills: Analytical, process oriented, good communication skills, exposure to ERP
Behavioural Competencies: Should be able to plan and prioritize tasks, persuasive skills, Kaizen attitude, Self-motivated; and a strong team player.
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