Finance Manager – Treasury and Insurance – Jumeirah Group & Corporate (UAEN)

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Job Description

JOB DESCRIPTION

About Jumeirah Group:

For more than two decades, Jumeirah Group, a member of Dubai Holding, has been making a distinct mark on the global hospitality market with its unwavering Stay Different™ brand promise. Its award-winning destinations, including the iconic Burj Al Arab Jumeirah, position service beyond expectations, signature dining experiences and artful surroundings at the heart of every guest experience. Today, Jumeirah operates a world-class portfolio of 26 properties across the Middle East, Europe and Asia, and employs over 9,000 colleagues, representing over 120 nationalities.

In response to the evolving preferences of travellers today, Jumeirah Group is also pivoting towards the rapidly growing wellness tourism sector. Grounded in the principles of lifelong learning, longevity, and inclusivity, Jumeirah Group is re-fashioning its approach to position wellness as not just an accompaniment to its guests’ stays, but a central tenet of their overall experience. With 13 award-winning Talise Spas nestled across Jumeirah Group’s properties, this transformation is evident in the group’s current endeavours to integrate wellbeing into every facet of the guest journey. 

Beyond holistic wellbeing and spa experiences, the Group’s expansive portfolio also includes Jumeirah Restaurants, a Dubai-based full-service hospitality provider with 85 acclaimed food and beverage brands, ranging from casual dining venues to Michelin starred fine dining concepts; J Club, Dubai’s leading lifestyle and wellness destination; Jumeirah One, the Group’s dedicated recognition and rewards programme; and The Emirates Academy of Hospitality Management, the region’s only fully accredited third-level academic institution delivering specialised degree programmes in hospitality management.

As Jumeirah continues to expand its global portfolio and scale up its operations to the next level of growth, we remain fully committed to developing and empowering our colleagues to excel in world-class environments as we solidify our legacy as a trailblazer in both luxury hospitality and wellness.

Jumeirah is committed to embedding equality, diversity and inclusion in all its practices, embracing a culture that celebrates diversity.

About the Job:

An opportunity has arisen for a Finance Manager – Treasury & Insurance to join Jumeirah Group & Corporate. The main duties and responsibilities of this role:

  • Create and manage short-term and long-term cash flow forecasts to help anticipate funding needs and make informed financial decisions, including the placement of fixed deposits. 
  • Collaborate with multiple departments to enhance cash flow and capital expenditure processes, resulting in more accurate and insightful forecasting.
  • Support the development and management of cash flow forecasts for budgeting purposes. 
  • Establish and manage relationships with banks, payment providers and credit card providers to identify solutions and resolve issues. 
  • Ensure internal reports on loans are issued to ensure compliance with covenants. 
  • Monitor intra-group loans, providing accurate reporting and insights. 
  • Manage the forecasting of swap agreements and finance costs, providing valuable insights to mitigate potential losses from interest rate changes, foreign currency fluctuations and other market risks.
  • Collaborate with finance and accounting teams to provide accurate and timely financial reporting for treasury related activities. 
  • Manage the issuance and administration of the group’s corporate credit cards. 
  • Review bank mandates and online portals to ensure compliance with internal policies.

The ideal candidate for this position will have the following experience and qualifications:

  • Bachelor’s or Master’s Degree in finance, accounting, business administration, or a related field is essential for this role. 
  • Professional Certifications such as Certified Treasury Professional (CTP), Certificate from the Association of Corporate Treasurers (ACT), ICAEW Chartered Accountant Qualification (ACA), Chartered Institute of Management Accountants (CIMA), or Chartered Financial Analyst (CFA)
  • +3 years’ experience in finance, treasury management, and financial analysis, including a deep understanding of cash flow forecasting, liquidity management, and investment strategies. · Understanding of insurance management, including insurance types, risk assessment, claims processing, and building relationships with insurance providers. 
  • Proficiency in creating and managing complex financial models for cash flow forecasting and scenario analysis to support strategic decision-making. 
  • Previous experience in managing banking relationships and optimizing cash management practices with a variety of banking partners. 
  • Expertise in identifying, assessing, and mitigating financial risks through proactive risk management strategies and comprehensive insurance coverage. 
Area
Dubai, AE