Treasury Accountant - Head Office

About the Role
The Treasury Accountant is an integral part of the Head Office team located in DIFC, Dubai. This position is designed for a finance professional with practical experience in treasury operations and banking processes. The successful candidate will collaborate closely with banks and banking relationship managers to manage daily banking activities, payment processing, cash flow management, and account administration. A solid understanding of banking procedures, established banking contacts, and the confidence to coordinate directly with banks are essential for ensuring smooth and efficient financial operations.

Key Responsibilities

1. Banking Operations & Relationship Management

   • Maintain strong working relationships with banks and banking relationship managers.
   • Coordinate directly with banks on day-to-day banking matters, account-related requests, and operational requirements.
   • Manage banking processes, including account openings, account maintenance, payment instructions, and bank documentation.
   • Follow up on banking queries, payment issues, transfers, and transaction confirmations.
   • Support the establishment and maintenance of banking facilities and services.
   • Ensure all banking requirements and procedures are completed accurately and within required timelines.

2. Payments Processing

   • Process domestic and international payments, ensuring timely and accurate execution.
   • Verify payment requests against approved documentation and authorization limits.
   • Maintain accurate records of all payment transactions.
   • Verify supplier bank details in accordance with the company's supplier verification policy and SOP.

3. Petty Cash & Company Cards

   • Coordinate company card funding based on operational requirements.
   • Manage Head Office Dubai petty cash, including reconciliations and record keeping.

4. Cash Flow Management

   • Prepare daily, weekly, and monthly cash flow forecasts.
   • Monitor cash balances and support effective liquidity management.
   • Maintain the post-dated cheques register.
   • Identify potential cash shortages or surpluses and highlight them proactively.

5. Bank KYC & Compliance

   • Maintain updated Know Your Customer (KYC) documentation for all bank accounts.
   • Coordinate with banks to ensure compliance and documentation requirements are met.
   • Ensure banking activities adhere to regulatory requirements and internal policies.

6. Financial Reporting

   • Prepare regular reports on cash positions, bank balances, and payment activities.
   • Provide accurate and timely financial information to management.

7. Risk Management & Confidentiality

   • Identify potential financial and operational risks, including payment fraud.
   • Follow internal controls and procedures to safeguard company assets.
   • Maintain strict confidentiality of bank balances, payment information, company documents, and other sensitive financial data.

Requirements

• Bachelor’s degree in Accounting or Finance.
• Minimum 1 - 2 years of experience in a similar role in the UAE, ideally within the hospitality industry.
• Previous experience in treasury, banking operations, or a similar finance role.
• Good understanding of banking procedures, payment processes, and treasury operations.
• Experience dealing directly with banks and banking relationship managers is essential.
• Established banking contacts and the ability to maintain effective banking relationships.
• Knowledge of bank account administration, KYC documentation, and domestic and international transfers.
• Strong attention to detail, organizational skills, and the ability to manage multiple priorities.
• Good communication and coordination skills.