Senior Treasury Analyst

McDermott International,; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading engineering firm in Dubai is seeking an experienced Senior Treasury Analyst to improve the Treasury Discipline. The role involves coordinating between teams, maintaining banking relations, and ensuring effective cash flow management. Ideal candidates should be Chartered Accountants with 3-6 years of experience and strong communication skills. This position offers an opportunity to work independently and manage complex treasury tasks.

Qualifications

• 3-6 years of relevant post qualification experience.
• Good understanding of banking functions.
• Ability to manage tight reporting schedule.

Responsibilities

• Coordinate between commercial/bids team and corporate treasury.
• Reach out to banks for new credit opportunities.
• Maintain banking relations and resolve issues.

Skills

Good communication skills

Ability to multi-task

Detailed experience in own discipline

Ability to work independently

Education

Qualified Chartered Accountant or equivalent qualification

Job description

Overview

TheSenior Treasury Analyst uses best practices and knowledge of internal or external issues to improve the Treasury Discipline within McDermott. They will act as a resource for colleagues with less experience and share their conceptual and practical expertise related to the Treasury Discipline. TheSenior Treasury Analyst solves complex problems and uses their discipline-specific knowledge to improve their products or services. TheSenior Treasury Analyst impacts a range of customer, operational, project, or service activities with the treasury team and other related teams and ensures that they work within the appropriate guidelines and policies.

Essential Qualifications and Education

• Qualified Chartered Accountant or equivalent qualification from internationally recognized institute
• Around 3-6 years of relevant post qualification experience
• Good understanding of banking functions
• Good communication skills
• Detailed experience in own discipline
• Ability to multi-task and manage tight reporting schedule
• May undertake projects and shares expertise
• Ability to work independently with minimum amount of supervision
• Ability to work with stakeholders of all levels as needed

Key Tasks and Responsibilities

• Coordinate between commercial/bids team and corporate treasury for the following
  • Review and approval of bank guarantee text format for bid submission.
  • Arrange for any bank support letters from corporate treasury or bank as per the requirement
  • Coordinate with Bid and Project Team
  • Liaise with corporate treasury/bank for the Bank Guarantee issuance.
• Reach out to prospect relationship banks for identifying opportunities for new credit lines
• Ensure regular updates and information is being shared with existing Banks for annual renewal of facility
• Maintain healthy banking relations with existing and resolving any issues with respect to receipt, payment, Bank Guarantees
• Prepare list of outstanding Bank Guarantee details with project, entity and the facility used on a monthly basis.
• Prepare Bank Guarantee forecast quarterly in consultation with the project teams and ensure timely internal reviews and submission to stakeholders.
• Review and sign off the petty cash reimbursement claims from petty cashier(s) in line with company policies and procedures
• Review and sign of the treasury receipt journal monthly as per the SOX control requirement
• Ensure SOX compliances relating to treasury activities are handled as per company policy.
• Ensure effective cash flow management by funding the account periodically
• Any ad hoc requirement for the Treasury Function to be adhered
• Hands on experience in Treasury products and system

Liaise with: Corporate treasury, project accounting teams, commercials team, banks and tax group.