Treasurer

confidential; Eastern Province; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading organization in oil and gas is seeking a Treasurer to play a key role in financial management. Responsibilities include overseeing cash management, investment activities, and financial risk management. The ideal candidate will have experience in the oil and gas sector, strong analytical and leadership skills, and a relevant advanced degree. This position is essential for maintaining liquidity and optimizing investment returns within the company.

Qualifications

• Proven experience as a Treasurer or in a similar financial management role within the oil and gas industry.
• Strong analytical skills with the ability to interpret complex financial data.
• Excellent communication and interpersonal skills.
• Demonstrated leadership skills and experience in managing a finance team effectively.
• Proficiency in financial modeling and forecasting techniques.
• In-depth knowledge of treasury management systems and financial software applications.
• Ability to work under pressure and meet tight deadlines.
• Strong understanding of risk management principles and financial regulations.

Responsibilities

• Manage and oversee the company’s treasury operations, including cash management and investment strategies.
• Develop and implement financial policies to ensure compliance with regulations.
• Analyze financial data and market trends to make informed investment decisions.
• Coordinate with banks to optimize cash flow and secure financing solutions.
• Prepare and present detailed financial reports to senior management.
• Monitor and manage the company's debt portfolio.
• Lead and mentor a team of finance professionals.
• Collaborate with cross-functional teams to align with financial goals.
• Conduct regular reviews of treasury operations for improvements.
• Stay updated on industry trends that could impact the company's financial position.

Skills

Financial Analysis

Risk Management

Cash Management

Investment Strategy

Leadership

Education

Advanced degree in finance, accounting, or a related field

Job description

The Treasurer plays a pivotal role in the financial management of our organization within the oil and gas sector. This position involves overseeing the company's cash management, investment activities, and financial risk management. The Treasurer is responsible for ensuring that the organization maintains sufficient liquidity to meet its operational needs while optimizing the return on investments. The role requires a deep understanding of financial markets, investment strategies, and risk assessment methodologies. As a key member of the finance team, the Treasurer will collaborate closely with senior management to develop financial strategies that align with the company’s objectives and support its growth in the competitive oil and gas industry.

Responsibilities:

1. Manage and oversee the company’s treasury operations, including cash management, liquidity forecasting, and investment strategies.
2. Develop and implement financial policies and procedures that ensure compliance with regulations and best practices in treasury management.
3. Analyze financial data and market trends to make informed investment decisions and manage financial risks effectively.
4. Coordinate with banks and financial institutions to optimize cash flow and secure financing solutions as needed.
5. Prepare and present detailed financial reports to senior management, highlighting key performance indicators and financial forecasts.
6. Monitor and manage the company's debt portfolio, ensuring optimal financing structures and minimizing interest expenses.
7. Lead and mentor a team of finance professionals, fostering a culture of continuous improvement and professional development.
8. Collaborate with cross-functional teams to support strategic initiatives and ensure alignment with financial goals.
9. Conduct regular reviews of treasury operations to identify areas for improvement and implement necessary changes.
10. Stay updated on industry trends, regulatory changes, and economic factors that could impact the company's financial position.

Preferred Candidate:

1. Proven experience as a Treasurer or in a similar financial management role within the oil and gas industry.
2. Strong analytical skills with the ability to interpret complex financial data and develop actionable insights.
3. Excellent communication and interpersonal skills, with the ability to build relationships across various levels of the organization.
4. Demonstrated leadership skills and experience in managing a finance team effectively.
5. Proficiency in financial modeling and forecasting techniques.
6. In-depth knowledge of treasury management systems and financial software applications.
7. Ability to work under pressure and meet tight deadlines while maintaining attention to detail.
8. Strong understanding of risk management principles and financial regulations.
9. Advanced degree in finance, accounting, or a related field; a professional certification (e.g., CFA, CPA) is a plus.

Skills

• Financial Analysis: The ability to analyze financial statements, cash flow reports, and investment portfolios to make informed decisions that support the company's financial health.
• Risk Management: Expertise in identifying, assessing, and mitigating financial risks associated with treasury operations, ensuring the company’s assets are protected.
• Cash Management: Proficiency in managing cash flow, forecasting liquidity needs, and optimizing cash reserves to meet operational demands effectively.
• Investment Strategy: Knowledge of investment principles and market dynamics to develop strategies that maximize returns on the company's investments.
• Leadership: Strong leadership capabilities to guide and develop a finance team, fostering a collaborative and high-performance work environment.