Treasury and Insurance Manager

Tawteen

Oman

On-site

OMR 80,000 - 120,000

Full time

14 days+

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Job summary

Tawteen in Oman is seeking a finance leader to drive financial strategies and manage treasury functions. The role focuses on optimizing cash flow, managing risks, and providing strategic guidance to the executive team.

The ideal candidate will have over 10 years of experience in finance, with a strong background in structured finance and investment banking. Educational qualifications include a BSc in Finance and preferably an MCOM or CFA in finance.

Qualifications

Minimum 10 years of experience with 5 years in a similar role in bank or corporate treasury.
Wide coverage of investment/wholesale banking experience.
Experience with structured finance transactions.

Responsibilities

Lead financial and insurance strategies to achieve business objectives.
Collaborate with cross-functional teams to provide strategic guidance.
Monitor financial performance indicators and develop action plans.

Skills

Communication skills

Numerical abilities

Organisational skills

Detail-orientation

Computer literacy (ERP)

Customer orientation

Teamwork

Education

BSc in Finance or Accounts

MCOM in Finance or Banking

MBA

CFA Level 3 / passed Level 2

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Visio

Microsoft Word

Job description

Role Purpose

The role requires comprehensive deep knowledge across all finance functions including building external relationships with bankers, traders, industry specialists and investors. The candidate will work closely with executive management and the board to drive optimal financial decisions, debt management, business and funding plans. The primary role is to analyze financial data, identify investment opportunities and provide strategic guidance to support the organization’s financial goals, optimize cash flow, manage financial risks and maximize investment returns. Additionally, the role leads the development and execution of the organization’s insurance strategy, ensuring adequate risk coverage, efficient policy management and protection of the company’s assets, people and operations.

Accountabilities and Responsibilities

Lead the development and implementation of financial, debt management, insurance and investment strategies, processes and controls to achieve business objectives.

Exercise effective and transparent 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.

Seek alignment and approvals from Executive Management on key financial and insurance decisions impacting long-term business growth and protection.

Develop and manage strong relationships with banks, insurers, reinsurers, brokers, government bodies and shareholders to ensure the organization’s financial and insurance interests are well served.

Identify various funding sources and optimal structures to maintain access to liquidity, including SEF, CF, WC etc.

Lead and develop treasury strategies and policies to optimize cash flow and liquidity management.

Lead and develop risk management policies to mitigate various risks inherent within the mining industry.

Lead, with support of business development team, originating and negotiating marketing agreements with international traders.

Evaluate the creditworthiness of potential partners and counterparts that play a significant role in the business including contractors, agents, JVs etc.

Monitor and analyze financial market conditions, commodity prices, interest rates and currency fluctuations to identify potential risks and opportunities.

Evaluate and recommend appropriate investment strategies to maximize returns while maintaining acceptable risk levels.

Monitor and manage the organization’s debt and interest rate exposure, including refinancing and debt restructuring.

Conduct financial risk assessments and develop risk mitigation strategies.

Monitor and ensure compliance with applicable laws, regulations and accounting standards related to treasury activities.

Provide expert advice and guidance on treasury-related matters to senior management and other departments within the organization.

Collaborate with senior management to develop and execute financial strategies that align with the organization’s goals and objectives.

Monitor and analyze financial performance indicators such as profitability, cash flow and return on investment to identify areas for improvement and develop action plans.

Provide strategic financial advice and guidance to senior management, board of directors and stakeholders on key financial decisions and initiatives.

Collaborate with cross-functional teams including business development, budget, operations, legal and compliance to ensure financial strategies and decisions are aligned with organizational objectives and regulatory requirements.

Build and maintain relationships with external stakeholders such as financial institutions, investors, and industry experts to leverage opportunities and facilitate financial transactions.

Prepare timely and accurate treasury reports for management and external stakeholders.

Lead and study IPO initiatives at group or subsidiary level.

Insurance Management: Develop and implement company’s insurance strategy ensuring alignment with group policy, risk appetite, regulatory requirements and operational needs.

Lead periodic review of insurance policies to ensure adequate and cost-effective coverage for all business units and assets.

Manage all corporate insurance programs, including annual insurance renewals, negotiations and tendering processes with insurers and brokers.

Ensure proper evaluation of asset valuations, risk exposures and operational hazards to determine accurate insurance requirements.

Manage the end-to-end process of insurance claims from incident reporting to settlement.

Coordinate with internal departments, insurers, adjusters and legal representatives to expedite claim resolution and protect company interests.

Conduct risk assessments and ensure insurance coverage reflects current and future risks including CAPEX projects and operational expansions.

Collaborate with HSE, Operations and Asset Management to incorporate preventive actions and ensure insurable risk compliance.

Maintain accurate records of policies, endorsements, schedules, and claims.

Ensure compliance with local regulatory requirements related to insurance coverage for industrial, operational and project activities.

Policies & Procedures

Comply with the implementation of departmental policies and procedures to ensure that all relevant procedural and legislative requirements are fulfilled.

Health, Safety & Quality

Comply with all relevant health, safety and quality requirements in order to guarantee employee safety and legislative compliance.

Continuous Improvement

Contribute to the identification of opportunities for continuous improvement of systems, processes and practices taking into account leading best practices, improvement of business processes, cost reduction and productivity improvement.

Communication Channels

Internal - CFO, Managing Director, Finance Manager. External - Suppliers & Vendors, Financial Institutions.

Educational & Professional Qualifications and Experience

Minimum qualification: BSc in Finance or Accounts (required).

MCOM in Finance or Banking (required).

MBA is optional.

CFA is a plus, minimum Level 3/ passed Level 2.

Minimum Experience: 10 years with 5 years relevant experience in a similar role in a bank or a corporate treasury covering a variety of sectors including commodities. Wide coverage of investment/wholesale banking experience is a must. Experience and track record of having been actively involved in several structured finance transactions including export element transactions and end-to-end transaction process.