18 Oct
Asterix Communications
Dubai
About Dubai Holding Entertainment :
Dubai Holding Entertainment offers an impressive range of destinations and attractions that enhance the appeal and competitiveness of Dubai as an international tourism and leisure hub, with the added value of the quality of the facilities and the high standards of training, supervision, and security.
Ain Dubai, the tallest observation wheel in the world, is the jewel of the Bluewaters extraordinary and one-of-a-kind experience and is set to offer a majestic new experiential perspective from the eye in the sky across Dubai's mesmerizing skyline.
Global Village is one of the longest established tourist attractions in Dubai having opened its doors in 1997.
It offers world-class cultural and family entertainment, featuring 26 international pavilions and millions of visitors every season.
As the most recent attraction within Dubai Holding Entertainment, Dubai Parks and Resorts™ is the Middle East's largest multi-themed leisure and entertainment destination comprising of three separate theme parks : MOTIONGATE™ Dubai, LEGOLAND® Dubai and LEGOLAND® Water Park.
Leading destinations and attractions by Dubai Holding Entertainment also include Coca-Cola Arena, the largest multipurpose indoor arena in the Middle East;
Roxy Cinemas, a premiere theatre experience; and The Green Planet in City Walk, a destination that recreates a tropical forest and many more.
Dubai Holding Entertainment owns the largest radio network in the region. Arabian Radio Network (ARN) is the most dynamic multiplatform broadcaster in the UAE and is at the forefront of innovation.
It provides advanced in-studio cameras, broadcasting on-air, online on smartphone apps and the Apple TV platform. ARN has ten radio stations, including Dubai Eye,
Virgin Radio, Al Arabiya and Hit reaching over 200 nationalities and 4 million listeners each week in seven languages.
Building on ARN's commitment to embracing the future and being able to provide access to the best marketing platforms in the region, MPN by Dubai Holding Entertainment is a multimedia sales house, operating premium out-of-home assets, video production, event sponsorship and activations.
Job Overview :
Here's your chance to step into the role of Executive (Treasury) at DHE : DH Entertainment in this position, you'll take on key responsibilities that include :
- Prepare and consolidate short term cash flow forecasts on a bi-weekly basis and summarize in a succinct presentation format.
- Prepare long term business plan forecast and update on regular basis.
- Produce regular treasury management information reporting packs.
- Liaise with banks on daily ad hoc queries (lenders as well as operating account banks).
- Prepare regular information packs for sharing with lenders as required under the facility agreements.
- Transactional support (Payments, Hedging, LC facilities, Fixed Deposits etc).
- Reporting Requirements (Financials, Project cash flow templates, construction updates templates, compliance)
- Flowcharts (account structure, entity structure, ultimate guarantee)
- Preparing and maintaining detailed files and reports for each debt facility to include
- Key details top sheet / Dashboard
- Project Details (IDC approvals, current status, approved / revised feasibility)
- Preparing a complete set of facility docs in copy / archiving
- Listing of all covenants (financial / non-financial, positive / negative)
- Listing of all Security details (Mortgage, DSRAs, guarantees, other collaterals)
- Assignments of receivables Listing of all Assignments (Insurance, APG, PBs etc.)
- Listing of other key items (Disposals, Dividends, cross defaults, EODs)
- Unique items (Building up of sinking funds, Cash / Deposit under lien)
Any administrative or ad hoc duties as may reasonably be requested by management from time to time.
Assist in achievement of following KPIs :
- 13-week CF is prepared on bi-weekly basis with forecast closing position
- Business plan is regularly updated with the functionality to incorporate various cash flow scenarios.
- Monthly management pack, Liquidity Memo, Going Concern analysis etc.
is presented in a timely manner.
- Lenders and operational bank's queries are resolved in a timely manner.
- Timely submission of compliance and related information with lenders and security agent
- Ensuring timely payments of Interest and hedging every quarter. Ensuring LC renewals and negotiating best Fixed Deposit rates with banks
- Ensuring all Treasury documentation including bank mandates, Debt Covenants, security details, etc are updated on regular basis.
- Ensuring all ad hoc reporting requirements are met on timely manner.
- All debt amendment documents execution version are saved on the shared drive.
- Treasury calendar is updated on a monthly basis and incorporating the debt and hedging payments in the 13-week forecast cashflows.
- Suggesting FD rollover and liquidation strategies to the management based on cashflow positions.
- Quarterly and annual compliance certificate submission to security agent for each facility
About you :
The preferred candidate for this role should possess the following experience and credentials :
Finance based bachelor's degree and / or accounting qualification (Eg. ACCA, ACA, CIMA)
3- 4 years of relevant experience
Excellent attention to detail and project management skills
Proactive and forward thinking able to challenge and question the status quo.
Highly professional and excellent communicator at all levels of the organization
Understanding of key treasury & finance function deliverables
Ability to take ownership of tasks and operate in a result driven environment.
Strong analytical skills and ability to work with high volumes of data.
Ability to deliver to deadlines
Strong interpersonal skills
Highly proficient with MS Excel
Previous exposure to debt financing
Excellent writing, communication, and presentation skills
Ability to use Oracle & banking portals.
This is a consultant role (11 months contract).
About the Benefits :
In the world of entertainment, Dubai Holding Entertainment is dedicated to nurturing the talents and well-being of our team members.
Join our dynamic and diverse workforce to enjoy a comprehensive benefits package that includes competitive compensation, exciting career development opportunities, and a collaborative and creative work environment.
We strongly believe in empowering our workforce,
as they play a pivotal role in shaping unforgettable entertainment experiences for tomorrow.
We are committed to attracting the brightest minds and nurturing the most innovative candidates who aspire to make a significant impact on the future of the entertainment industry in Dubai.
At Dubai Holding Entertainment, we embrace equal opportunity and promote a discrimination-free environment where everyone's unique talents and contributions are celebrated.
Join us in crafting a thrilling and extraordinary tomorrow in entertainment!