Sr. Specialist Treasury

OQ; Oman; On-site; OMR 15,000 - 20,000; Full time

Job summary

OQ in Oman is seeking a qualified candidate for treasury management tasks involving cash forecasting, liquidity planning, and bank management. You will ensure compliance with various standards and manage financial risks while fostering a culture of continuous improvement.

The ideal candidate will have a Bachelor’s degree, 6-8 years of relevant experience, and strong analytical and communication skills. Proficiency in Microsoft Excel and treasury management systems is essential.

Qualifications

• 6 to 8 years of experience in cash and liquidity planning.
• Strong experience in bank account management and KYC.
• Experience in Treasury reporting and finance-related risks.

Responsibilities

• Prepare cash flow forecast reports.
• Analyze deviations between forecasts and actuals.
• Manage bank accounts and respond to queries.

Skills

Cash flow management

Communication skills

Treasury management systems

Analytical skills

Problem-solving skills

Education

Bachelor's degree or equivalent

Tools

Microsoft Excel

Treasury management platforms

Job description

Overview

Execute treasury tasks through the preparation of cash forecasts, monitoring cash flow, initiating electronic payments, negotiating and executing financing transactions, placement of short-term investments, maintaining of treasury trial balance and maintaining banking relationships. The position will act following the company s Mission Vision Values amp Strategies as well as policies guidelines and international standards supported by an IT Technology platform HSE standards Omani s government amp other legal justifications and best international practices in consonance with national objectives.

QHSSE & Culture Obligations

Ensure compliance with the HSE Management System Monitor and report safety performance and compliance Guide advise communicate and enforce safe behavioural practices Life Saving Rules Process Safety Rules to perform tasks safely. Holding this role and contributing as a valuable member of our community it is your responsibility to maintain OQGN s cultural principles fostering growth and facilitating valuable contributions that will contribute to our organization s long-term success.

Main Tasks and 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 the cash positioning, initiate electronic treasury payments, and record cash transactions among banks.
• Review treasury payments, drawdowns, debt utilization, and covenant monitoring.
• Ensure the optimal utilization of surplus funds aligned with overall company policies and risk appetite.
• Ensure optimal working capital management strategy implementation aligned with industry practices.
• Participate in negotiations and execution of FX currency transactions and placement of fixed deposits and assist in monthly performance reporting ensuring the accuracy of Inter-bank movements and interest accruals.
• Manage the bank accounts opening, closing, KYC, and authorization mandates.
• Respond to all queries from banks, lenders, and stakeholders as well as tax and audit queries.
• Assist in reporting to all stakeholders, whether regulatory, contractual or information-providing reporting examples include but are not limited to financial planning reporting, covenant reporting, shareholder reporting, hedging reporting, etc.
• Monitor and maintain the company report for treasury risk management including but not limited to the treasury risk register and providing recommendations on what actions are required to mitigate and manage those risks.
• Owner of the treasury trial balance and reporting activities.
• Liaison with the Finance Control Team to ensure timely and accurate reporting of the treasury trial balance and disclosures on a monthly, quarterly, and yearly basis.
• Maintain the most efficient and effective 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 to maintain an optimal funding mix.
• Participate in the development of business plans and medium-term funding strategies.
• Identify opportunities to standardize the processes and drive potential efficiencies.
• Monitor compliance with all the treasury activities versus the approved policies.
• Work together with other treasury colleagues to establish and implement an effective Treasury Management System.
• Work effectively with colleagues from other departments in areas of responsibility to ensure that department objectives, performance metrics, quality measures and targets are achieved.
• Promote and encourage continuous learning and development among team members.
• Perform other related duties as assigned.

Key Interactions

• Internal: Finance Control, Planning & Performance Reporting, Business Finance amp Insurance, Assurance, Legal, PTC.
• External: Staffing specialized Contractors, Vendors, Suppliers amp Bankers.

Working Conditions

Primarily office-based, occasional travel and sporadic visits to the operation site.

Qualifications

• Bachelor's degree or equivalent.
• From 6 to 8 years of experience in dealing with cash and liquidity planning, working capital management, cash flow forecasts, cash flow analyses, and management in a front office function.
• Strong experience in dealing with bank account management, KYC, bank reconciliations and confirmations, and settlement process.
• Hands-on experience in treasury management systems and other Treasury management platforms.
• Experience in Treasury reporting.
• Practical experience in managing finance-related risks.
• Strong analytical and communication skills, including verbal and written skills.
• Highly organized and able to work independently and manage teams.
• Critical thinking and problem-solving skills.
• Detail-oriented and self-motivated.
• Strong computer skills, including proficiency in Microsoft Word, Excel, and PowerPoint.
• Hands-on experience in utilizing treasury management systems.
• Ability to handle and communicate complex financial information.
• Treasury reporting skills.

Strategic Alignment

Ensure that every action and decision will support the organization's long-term goals and objectives.

Transparency in Responsibility

Ability to create clear reporting systems to enhance operational efficiency and overall effectiveness.

Continuous Improvement

Foster a culture of innovation and learning to adapt and grow in a changing environment.

Sustainability

Ability to meet the current business needs by combining skills with the future generations' needs, balancing environmental, social, and economic concerns within the organization s communities.

Diversity and Inclusion

Foster diversity within the workforce and promote an inclusive culture by engaging with a broad array of perspectives and talents.

Stakeholder Engagement

Actively involve and communicate with stakeholders to build trust and maintain strong relationships.