Finance Analyst – FX Management Jobs In Dubai | Al Futtaim Group

Description

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.

Responsibilities

• Prepare 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 reason
• Review 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 strategy
• Regularly update the FX register to arrive at Yen position at any point of time.
• Review & update the swap gain/loss to ensure the accuracy of effective Hedge rate

Requirement

• 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 SAP
• Review the Exchange Difference G/L in detail and analyse the reason for any entries posted under this G/L
• Prepare 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.