Treasury Officer

Position Overview

The Treasury Officer plays a pivotal role in managing an organization’s financial liquidity, cash flow, and investment strategies while ensuring strict adherence to banking and compliance standards. This position is integral to maintaining robust treasury operations, optimizing financial resources, and mitigating risks associated with banking activities. The Treasury Officer will oversee daily treasury functions, support compliance deliverables, and collaborate closely with internal stakeholders and banking partners to uphold financial integrity and operational efficiency.

Key Responsibilities

• Daily Treasury Operations: Monitor and maintain accurate bank-related treasury activities, including updating bank position reports to reflect real-time financial standings and ensuring alignment with organizational liquidity goals.
• Bank Reconciliation & Financial Reporting: Perform meticulous bank reconciliations against the General Ledger (GL) and reconcile assigned clearing accounts to identify discrepancies and ensure financial accuracy. Prepare bank exposure and facility utilization reports in a timely manner to support strategic decision-making.
• Journal Entries & Transaction Processing: Create and validate journal entries for all bank account transactions, ensuring compliance with accounting standards and organizational policies. Review payments, transfer orders, and cheques to verify adherence to established processes and mitigate fraudulent activities.
• Data Management & Confidentiality: Handle sensitive financial records, banking information, compliance documents, and Know Your Client (KYC) materials with the utmost discretion. Maintain up-to-date screening records and ensure secure storage in compliance with data protection laws and organizational protocols.
• Account Management & Amortization Tracking: Monitor and track account schedules, including prepayments, loans, and amortization schedules, to ensure accurate financial forecasting and reporting.
• Stakeholder Collaboration: Act as a liaison with bank representatives to address treasury-related queries, provide guidance on financial solutions, and foster strong banking relationships. Proactively communicate with internal teams to align treasury operations with broader organizational objectives.
• Compliance & Due Diligence: Ensure all treasury activities are documented and aligned with organizational due diligence processes. Support the implementation of Health, Safety, and Environment (HSE) initiatives, participate in safety awareness programs, and contribute to incident reporting and resolution in accordance with company and Integrated Management System (IMS) policies.

Qualifications & Experience

To excel in this role, candidates must possess a minimum of five years of professional experience, with at least three years in a relevant treasury or financial operations capacity. Prior experience within the Gulf Cooperation Council (GCC) region is considered a valuable asset. A Bachelor’s Degree in Accounting, Finance, or a related field is required, complemented by a professional qualification such as Certified Management Accountant (CMA) to demonstrate expertise in financial management and compliance.

Core Competencies

The ideal candidate will exhibit strong analytical skills, attention to detail, and the ability to manage confidential information with integrity. Proficiency in financial software, banking systems, and ERP platforms is essential, along with excellent communication and problem-solving abilities. The Treasury Officer must demonstrate a proactive approach to financial risk management and a commitment to upholding organizational policies and regulatory standards.