Sr. Specialist Treasury

Oman Refinery; Oman; On-site; OMR 20,000 - 25,000; Full time

Job summary

Oman Refinery is seeking a Treasury Manager to execute treasury tasks, including cash forecasting and managing banking relationships. The role requires thorough understanding of financing transactions and working capital management.

Ideal candidates will possess a Bachelor's degree and 6 to 8 years of relevant experience in a front-office treasury function. Proficiency in English and Arabic is preferred along with strong analytical and communication skills.

Qualifications

• 6 to 8 years of experience in cash and liquidity planning and treasury functions.
• Strong analytical, verbal, and written communication skills.
• Experience in bank account management and compliance.

Responsibilities

• Execute cash forecasts and manage cash flow activities.
• Prepare and review cash flow forecast reports.
• Negotiate and execute financing transactions and bank relationships.

Skills

Treasury management

Cash flow forecasting

Financial reporting

Bank account management

Analytical skills

Education

Bachelor's degree (or equivalent)

Tools

Treasury management systems

Microsoft Excel

KYC systems

Job description

Execute treasury tasks by preparing cash forecasts, monitoring cash flow, initiating electronic payments, negotiating and executing financing transactions, placing short‑term investments, maintaining the treasury trial balance, and managing banking relationships. The position aligns with the company’s mission, vision, values, strategies, policies, guidelines, international standards, IT platform, HSE standards, Omani government regulations, and best international practices.

Main Responsibilities

• Support the preparation and review of cash flow forecast reports, ensuring they are timely, complete, and accurate.
• Analyze deviations between cash forecasts and actual cash positions and assist in identifying corrective actions.
• Plan cash positioning, initiate electronic treasury payments, and record cash transactions among banks.
• Review treasury payments, drawdowns, debt utilization, and covenant monitoring.
• Ensure optimal utilization of surplus funds in line with company policies and risk appetite.
• Manage optimal working capital management strategy implementation aligned with industry practices.
• Participate in negotiations and execution of FX currency transactions, placement of fixed deposits, and monthly performance reporting.
• Ensure accuracy of inter‑bank movements and interest accruals.
• Manage bank account opening, closing, KYC, and authorization mandates.
• Respond to all queries from banks, lenders, stakeholders, tax authorities, and auditors.
• Assist in reporting to stakeholders, including regulatory, contractual, and information‑providing reports such as financial planning, covenant, shareholder, and hedging reports.
• Monitor and maintain the company’s treasury risk management register and recommend actions to mitigate risks.
• Own the treasury trial balance and reporting activities.
• Liaise with the Finance Control Team to ensure timely and accurate reporting of the treasury trial balance and disclosures on monthly, quarterly, and yearly bases.
• Maintain the most efficient use of the company’s debt capacity and borrowed monies.
• Support capital structure management by contributing to financial planning, scenario analysis, and capital allocation decisions.
• Participate in the development of business plans and medium‑term funding strategies.
• Identify opportunities to standardize processes and drive potential efficiencies.
• Monitor compliance with all treasury activities versus approved policies and work with colleagues from other departments to achieve objectives and quality measures.
• Promote and encourage continuous learning and development among team members.
• Perform other related duties as assigned.

Education & Experience

• Bachelor’s degree (or equivalent) required.
• Language proficiency in English and Arabic preferred.
• 6 to 8 years of experience in cash and liquidity planning, working capital management, cash flow forecasting, and analysis in a front‑office treasury function.
• Strong experience in bank account management, KYC, bank reconciliations, confirmations, and settlement processes.
• Hands‑on experience with treasury management systems and other treasury platforms.
• Practical experience in treasury reporting and managing finance‑related risks.

Competencies and Skills

• Principles
  • Strategic Alignment – support long‑term organizational goals.
  • Transparency in Responsibility – create clear reporting systems.
  • Continuous Improvement – foster innovation and learning.
  • Sustainability – balance current business needs with future generations.
  • Diversity and Inclusion – promote an inclusive culture.
  • Stakeholder Engagement – communicate and build trust.
• Soft Skills
  • Strong analytical, verbal, and written communication.
  • Highly organized, self‑motivated, and able to work independently.
  • Critical thinking and problem‑solving.
  • Detail‑oriented.
• Technical Skills
  • Proficiency in Microsoft Word, Excel, and PowerPoint.
  • Hands‑on experience with treasury management systems.
  • Ability to handle and communicate complex financial information.
  • Treasury reporting skills.

Working Conditions

• Primarily office‑based with occasional travel and sporadic visits to operational sites.

Key Interactions

• Internal: Finance Control, Planning, Performance Reporting, Business Finance, Insurance, Assurance, Legal, PTC.
• External: Staffing contractors, vendors, suppliers, and bankers.