Al-Futtaim Jobs in Dubai, Finance Manager - Cash Forecasting

Al-Futtaim Jobs in Dubai, Finance Manager - Cash Forecasting


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. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, 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.

Department Description:

The Automotive FP&A Department within Al Futtaim Group are responsible for overseeing the preparation and understanding of all funding requirements or surplus funding transfers to and from group. This is undertaken in partnership with group Treasury and individual entities within the Automotive division.

The Finance Manager will primarily be responsible for helping entities preparing and analyzing the direct cashflow and reporting to group treasury via the consolidated forecast, budget and actual cash flow package to senior management. The ideal candidate will become involved in global cash flow planning and analysis, supporting executive level presentations and performing ad hoc projects.

Detailed Job Description/ Responsibilities:

  • Coordinate the submission and consolidation of business unit monthly cash flow forecasts, annual budget and interim short term liquidity report into Group system (Anaplan)
  • Partner with the local finance teams and shared services team to improve liquidity, over deliver budget targets, and actively manage working capital.
  • Partner with Treasury department to monitor liquidity and provide variance analysis for changes in cash balance versus weekly forecast.
  • Prepare consolidated cash flow forecast/budget package and presentation, which provides executive management insights into cash variances versus prior forecasts and periods.
  • Prepare metrics to monitor and measure the working capital and cash flow efficiency related to operational areas of focus.
  • Analyze quarter end cash balances and coordinate actual to forecast/budget explanations with all worldwide affiliates (30+ territories) to better understand variances vs expectations.
  • Work with financial reporting to provide audit committee and board material to understand the changes in our working capital and link between cash generation and EBIT.
  • Prepare working capital analysis based on forecasts and budget submissions.
  • Prepare analysis of cash needs to determine appropriate amount and timing of on-going debt repayment and/or potential dividends.
  • Partner with local finance teams and local procurement teams to evaluate monthly Forex requirements and understand any variances,
  • Partner with group financial risk team to report the forex requirement and contribute to discussions around hedging, reporting reasons for variances

Required Competencies/Skills:

  • Strong understanding of cash flow concepts/principles and forecasting a must with particular focus on Direct Cash Flow.
  • Excellent communication, analytical, written and interpersonal skills and proven ability to work with global finance teams. Ability to communicate with senior level treasury management team and local finance executives to justify funding requirements where required.
  • Established record in managing multiple and competing priorities. Ability to meet deadlines and work well under pressure in a fast paced environment
  • Strong capabilities in complex financial modelling
  • Strong working knowledge of Microsoft Office including Excel and PowerPoint
  • Knowledge of SAP BPC and or Anaplan

Education and Experience

  • Qualified in Finance or Accounting
  • Automotive experience and or banking experience preferable.
  • 4—5 years relevant experience
  • Good understanding of forex and hedging
  • We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.


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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. We make every effort to review and respond to every application.


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