Treasury and Insurance Manager

Oman Refinery; Muscat; On-site; OMR 30,000 - 40,000; Full time

Job summary

Oman Refinery is seeking a Treasury & Insurance Manager to lead our financial strategies and operations. The ideal candidate will develop and implement treasury and insurance policies, manage relationships with financial institutions, and assess risks to optimize our financial goals.

With a minimum of 10 years of experience in treasury or insurance, the successful applicant will demonstrate strong analytical skills, proficiency in ERP systems, and effective communication abilities. This is a crucial role requiring strategic insight and leadership in a dynamic financial environment.

Qualifications

• Minimum 10 years of relevant experience, including at least 5 years in a treasury or insurance role.
• Experience in corporate treasury across commodities, structured finance, and project finance.
• Demonstrated knowledge of local and regional markets and key players.

Responsibilities

• Develop and implement financial debt management strategies to achieve business objectives.
• Exercise governance of treasury and insurance functions.
• Collaborate with various departments for strategic guidance on funding and investments.

Skills

Strong analytical skills

Financial model building

Proficiency in ERP systems

Microsoft Office

Excellent communication skills

Organizational skills

Stakeholder management

Education

B.Sc. in Finance or Accounts

M.Com in Finance or Banking

CFA Level III or Level II

Tools

ERP systems

Microsoft Excel

Job description

Job Title: Treasury & Insurance Manager

Duration: 1 year subject to renewal

Location: Muscat

Reporting To: CFO

Overview

Lead the organization’s treasury, insurance and investment strategies, driving optimal financial decisions and supporting the company’s financial goals.

Key Responsibilities

• Develop and implement financial debt management, insurance and investment strategies, processes and controls to achieve business objectives.
• Exercise governance of treasury and insurance functions, including ERP integration and H2H banking connectivity.
• Collaborate with legal, procurement, business development, asset management, operations and risk teams to provide strategic guidance on funding, investments, risk transfer and insurance.
• Obtain approval from executive management on key financial and insurance decisions impacting long‑term growth and protection.
• Build and maintain relationships with banks, insurers, reinsurers, brokers, government bodies and shareholders.
• Identify funding sources and optimal structures to maintain liquidity, including SEF, CF, WC, etc.
• Implement treasury strategies and policies to optimize cash flow and liquidity management.
• Develop risk‑management policies to mitigate risks inherent in the mining industry.
• Support business development in originating and negotiating marketing agreements with international traders.
• Evaluate creditworthiness of potential partners and counterparts such as contractors and joint ventures.
• Monitor financial market conditions, commodity prices, interest rates and currency fluctuations to identify risks and opportunities.
• Recommend investment strategies to maximize returns while managing risk.
• Manage debt and interest‑rate exposure, including refinancing and restructuring.
• Conduct risk assessments and develop mitigation strategies.
• Ensure compliance with laws, regulations and accounting standards related to treasury activities.
• Provide expert advice on treasury matters to senior management and other departments.
• Collaborate across departments to align financial strategies with organizational objectives.
• Prepare and present timely treasury reports to management and external stakeholders.
• Lead and study IPO initiatives at group or subsidiary level.
• Develop and implement the company’s insurance strategy, ensuring alignment with group policy and regulatory requirements.
• Review insurance policies regularly to ensure adequate and cost‑effective coverage.
• Negotiate insurance renewals and tendering processes with insurers and brokers.
• Manage the end‑to‑end insurance‑claims process from incident reporting to settlement.
• Collaborate with HSE, operations and asset management to incorporate preventive actions.
• Maintain accurate records of policies, endorsements, schedules and claims.

Qualifications

• B.Sc. in Finance or Accounts (required).
• M.Com in Finance or Banking (required); MBA optional.
• CFA Level III or Level II (optional).
• Minimum 10 years of relevant experience, including at least 5 years in a treasury or insurance role.
• Experience in corporate treasury across commodities, structured finance and project finance.
• Experience with structured finance transactions including CF, WC, EBL, RCF and export‑element deals.
• Demonstrated knowledge of local and regional markets and key players.
• Proven track record in treasury, investments, risk, procurement coordination and insurance portfolios.

Key Skills

• Strong analytical and financial model building skills.
• Proficiency in ERP systems and Microsoft Office (Excel, PowerPoint, Visio, Word).
• Excellent communication, organizational and stakeholder‑management skills.
• Detail‑oriented, initiatory, and conceptually thinking.
• People‑centric, integrity‑driven, agile and collaborative.