Treasury Specialist

Taqeef; Dubai; On-site; AED 180,000 - 340,000; Full time

Job summary

Taqeef is seeking a Treasury Specialist to oversee day-to-day treasury operations, focusing on trade finance instruments for key suppliers and liquidity management. You will monitor cash positions, forecasts, and banking relationships to ensure timely settlements.

Your role involves managing LC/TR/SBLC operations, collaborating with finance teams, and maintaining accurate records while supporting audit requirements and compliance with treasury policies.

Qualifications

• Bachelor’s degree in finance, accounting, business administration, or a related field.
• 5–8 years of experience in treasury operations, trade finance, or banking.
• Familiarity with cash flow forecasting and bank account administration.
• Experience working with multiple banking partners.
• Strong understanding of treasury and trade finance processes.
• High attention to detail and strong follow-up skills.
• Good communication and coordination skills with internal teams and external banks.
• Knowledge of international trade terms and banking documentation.

Responsibilities

• Monitor daily cash positions across all bank accounts.
• Prepare daily cash position reports and liquidity forecasts.
• Manage cash transfers between accounts and entities to optimize liquidity.
• Monitor minimum cash balance requirements.
• Execute treasury transactions through online banking platforms.
• Prepare and process payments in accordance with approved authority matrices.
• Maintain bank account structures, signatories, and user access controls.
• Coordinate with finance teams to ensure timely settlement of payments.
• Act as the primary contact for day-to-day banking activities.
• Coordinate bank account openings, closures, KYC updates, and documentation.
• Support negotiations related to banking services and fees.
• Maintain banking facilities database and documentation.
• Ensure compliance with treasury policies and internal controls.
• Support internal and external audit requirements.
• Trade Finance Operations: manage LC, TRs, SBLCs, and documentary collections.
• Monitor LC maturities, TR due dates, financing maturities and settlement obligations to avoid delays.
• Maintain an up-to-date tracker of outstanding LCs, TRs, guarantees, SBLCs and other trade finance exposures.
• Monitor utilization against approved trade finance facilities and sub-limits.
• Maintain treasury management systems and banking platforms.

Skills

Treasury operations

Trade finance

Cash flow forecasting

Bank account administration

Banking partner management

Treasury processes

Attention to detail

Communication skills

International trade terms

Education

Bachelor's degree in Finance / Accounting / Business Administration

Job description

The Treasury specialist supports the day-to-day treasury operations of the company, with a primary focus on managing trade finance instruments for key HVAC suppliers, being Midea and OGeneral, as well as Logistics and Port payable (Direct procurement), cash flow forecasting, and maintaining banking relationships. This role ensures timely execution and follow-up of treasury transactions while maintaining accurate records and supporting liquidity management.

Responsibilities

• Monitor daily cash positions across all bank accounts.
• Prepare daily cash position reports and liquidity forecasts.
• Manage cash transfers between accounts and entities to optimize liquidity.
• Monitor minimum cash balance requirements.

Treasury Operations

• Execute treasury transactions through online banking platforms.
• Prepare and process payments in accordance with approved authority matrices.
• Maintain bank account structures, signatories, and user access controls.
• Coordinate with finance teams to ensure timely settlement of payments.

Banking Relationship Management

• Act as the primary contact for day-to-day banking activities.
• Coordinate bank account openings, closures, KYC updates, and documentation.
• Support negotiations related to banking services and fees.
• Maintain banking facilities database and documentation.

Treasury Reporting & Controls

• Ensure compliance with treasury policies and internal controls.
• Support internal and external audit requirements.
• Trade Finance Operations
• Manage the day-to-day processing and monitoring of trade finance transactions, including:
• Letters of Credit (LCs)
• Trust Receipts (TRs)
• Standby Letters of Credit (SBLCs)
• Documentary Collections

Supplier and import financing

• Coordinate the issuance, amendment, extension and settlement of LCs and other trade finance instruments.
• Monitor LC maturities, TR due dates, financing maturities and settlement obligations to avoid delays, overdue positions or unnecessary financing costs.
• Maintain an up-to-date tracker of outstanding LCs, TRs, guarantees, SBLCs and other trade finance exposures.
• Monitor utilization against approved trade finance facilities and sub-limits.

Systems & Process Improvement

• Maintain treasury management systems and banking platforms.

Core competencies

Customer Focus:

• Enhances stakeholder relationships and manages multiple stakeholders needs.
• Ability and willingness to prioritise, delivering a high quality work and analysis to meet or exceed their expectations.
• Building long-term relationships and focusing efforts on providing an outstanding experience to collegues, stakeholders and act as a mentor to team members, developing their skills and abilities.

Drive for Results:

• Ability to meet and exceed objectives and/or targets.
• Effectively overcome obstacles and meet goals to improve long-term results.
• Consistently delivers required business results.

Teamwork:

• Ability to work cooperatively with others, to be part of a team, and work together towards a common goal.
• Develop and maintain positive relationships with others, allowing them to overcome obstacles and difficulties.
• Ability to mentor, coach and develop team members and upskill department overall.
• Ability to create new ideas, challenge existing practices and to develop new or improved processes, methods, solutions, technology, unexplored products, or services.
• Committed to embrace and adopt change.

Qualifications

• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.

Required Skills

• 5-8 years of experience in treasury operations, trade finance, or banking.
• Familiarity with cash flow forecasting and bank account administration.
• Experience working with multiple banking partners is an advantage.
• Strong understanding of treasury and trade finance processes.
• High attention to detail and strong follow-up skills.
• Good communication and coordination skills with internal teams and external banks.
• Knowledge of international trade terms and banking documentation.