Finance analyst - fx management - united arab emirates, dubai

Finance analyst - fx management | al futtaim motors | financeoverview of the role:this role will support the finance manager, al futtaim motors in handling treasury activities at business unit level, balance sheet management and other day to day operations.  what you will do:fx managementprepare monthly fx exposure based on the latest updates received from volumes & pricing team.analyse the variance in volumes against the previous exposure and obtain the reasonreview the pricing file against each model shared by pricing team and secure clarification in case of any material variance.ensuring to receive latest shipment data for subsequent month from demand & supply chain team in order to review the hedging position.ensure that the hedge coverage ratio against the forecasted exposure for subsequent month is as per agreed strategyregularly update the fx register to arrive at yen position at any point of & update the swap gain/loss to ensure the accuracy of effective hedge rateprepare the monthly yen working & reports to arrive at the latest yen position for respective stake holders to take decision on yen strategy.raise internal note towards jpy hedging based on the outputs from monthly yen discussionreview the existing hedge position and update the payments dates for subsequent hedging based on the latest exposuremonitor weekly jpy payments and initiate required action to book fx or take early delivery against shortfall or roll over the fx trade to future trade in case of excess hedge.raise various orders in trm for gtc to execute the trades including monthly hedging, spot purchases for shortfall, rollover & early delivery.provide required workings to treasury team to process the supplier payments against fx booked.ensure with treasury back office & i2p team that all necessary entries have been accounted in sapreview the exchange difference g/l in detail and analyse the reason for any entries posted under this g/lprepare the necessary working required for monthly standard rate fixation.ensure the accuracy of fx exposure, paid git, swap gain/loss, unhedged coverage while preparing standard rate working in order to avoid any exchange gain/loss impact. cash flow budgeting and forecastingprepare bi-weekly cash flow as per template shared by group treasury.ensure the accuracy of bi-weekly cash flow data based on the latest forecast i.e. based on inputs from volumes team on inventory, collections data from respective business team and the actual opening balances of cash and borrowings and provide material variance analysis of the movements against the budget/forecast/previous month.ensure that bi-cash flow is shared with divisional fp&a team and uploaded in anaplan eit portal within timelines. balance sheet management and substantiationensure that all guidelines are followed related to governance of balance sheet fs itemsensure all related transaction are posted before the closure of books during each month-end.trend report and schedules should be updated monthly with relevant & analyze on monthly basis the misstatements under each balance sheet g/l. liaise with various teams to identify the key issues and resolve the audit requirements both internal and external audit. balance sheet budgeting and forecastingassist in forecasting balance sheet along with specific details and and review balance sheet items and provide variance analysis between the months/ budgeted amount and/ or against forecast along with kpisotherssupport the fp&a team in any other adhoc project. support in p&l and bs reporting and uploading in the respective it system.coordinating with various stakeholders for maintaining the accuracy and effective accounting.skillsrequired skills to be successful:provide support to manager in various fx (forex) related transactions for entity by preparing fx exposure, managing fx requirements with group & banks, provide timely fx settling instruction to payments team & fixation of currency rate in in preparing the cash flow as per latest forecast and update key stake holders on net debt in preparing balance sheet during each forecast cycle and also analyze & provide key updates on variance against actuals & previous finance team in balance sheet substantiation by reviewing all financial accounts and ensure that there are no misstatements under respective balance sheet fs items.should have minimum 3 year experience in managing the above roles and good communication skills.should be proficient in ms excel & ms powerpoint and sap experience is an added advantage about the team:in this role you will be working in a diverse and fast paced environment and reporting directly to the sales manager. what equips you for the role:bachelor’s master’s degree in finance/accounting or equivalent.three to five years of experience in a similar role with a large conglomerate or a large multinational corporation with a focus on cash, liquidity, fx risk management and working capital optimization. job-specific/technical skills required to complete the tasks: microsoft office, proficient in sap or equivalent is a plus. present concepts, recommendations, and analyses to senior management in a clear, concise, and actionable to manage competing priorities in a cross-functional environmentwork independently with limited supervision. a self-starter, with a passion to act while focusing on delivering results.excellent analytical and problem-solving skills with attention to to identify, act and implement ideas that drive continuous improvement

Al Futtaim Group
Financial Analyst
United Arab Emirates, Dubai
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