About the Role
The Treasury Officer is responsible for the day-to-day treasury operations, maintaining and monitoring bank-related treasury activities. This role supports compliance and banking deliverables while managing the financial aspects related to an organization's liquidity, cash flow, and financial investments. The primary focus is on optimizing financial resources, ensuring liquidity, and mitigating financial risks.
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Job Responsibilities
- Conduct daily updates of the bank position report.
- Perform bank reconciliations against the GL and reconcile any assigned clearing accounts.
- Ensure completion of journal creation for bank account transactions.
- Prepare bank exposure/facility utilization reports in a timely manner.
- Handle confidential documents and other sensitive data daily, including screening data, financial records, banking, compliance information, and Know Your Client materials.
- Review all payments, transfer orders, and cheques to ensure compliance with standards and processes.
- Prepare various journal entries into the system.
- Ensure all screening record-keeping is updated and securely stored in accordance with data protection laws.
- Keep track of account schedules such as prepayments, loans, and amortization.
- Proactively liaise with bank representatives in all banking matters and provide guidance on solutions.
- Ensure all areas of work are documented and align with organizational due diligence processes.
- Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies.
Job Knowledge & Skills
- Ability to analyze financial data, including cash flows, liquidity positions, and investment opportunities to support strategic decision-making and optimize treasury operations.
- Understanding of financial risks, such as interest rate risk, currency risk, and liquidity risk, along with proficiency in implementing risk management strategies and hedging techniques to mitigate potential exposures.
- Knowledge of cash management principles and techniques, including cash forecasting, liquidity management, and cash positioning to ensure optimal fund utilization and adequate liquidity levels.
- Familiarity with banking products and services including treasury management systems, electronic banking platforms, and payment systems to streamline banking operations and enhance fund transfer efficiency.
- Awareness of regulatory requirements and industry standards governing treasury activities, including financial reporting standards, tax regulations, and compliance obligations to ensure adherence to legal and regulatory requirements.
- ERP knowledge, preferably SAP functional skills, is a requirement for success in this role.
Job Experience
- Minimum 5 years of working experience, including 3 years of relevant working experience.
- 2 years of experience in the GCC region is a plus.
Competencies
- Agility
- AI Fluency
- Quality
- Leadership
- Accounts Payable L2
- Cash Flow Analysis L2
- Treasury Systems L2
- Payroll & Benefits Administration L2
- Accounting Systems L2
- Boldness
Education
- Bachelor's Degree in Accounting or any related field.
- Professional Qualification in Certified Management Accountant (CMA).
