Treasury & Tax Specialist

JOB PURPOSE

To support the management of Almana Group’s treasury and tax activities by maintaining banking and financing arrangements, monitoring debt and credit facilities, and coordinating Group tax compliance to ensure timely fulfilment of financial and statutory obligations.

Manage and maintain the Group’s banking arrangements and records to ensure accurate administration and compliance with approved authorities

• Maintain an updated register of Group bank accounts, authorized signatories, banking arrangements, and related records.
• Coordinate bank account openings, closures, mandate changes, and online banking access in accordance with approved authorities.
• Coordinate with banks on KYC updates, documentation, and other compliance requirements.
• Maintain complete and accurate supporting documentation for banking arrangements and transactions.
• Ensure banking administration complies with Group policies and the approved authority matrix.

Monitor the Group’s loans, borrowings, and credit facilities to ensure obligations, limits, and maturities are effectively managed.

• Maintain the Group loan and credit facility register, including limits, utilization, pricing, security, covenants, and maturity dates.
• Monitor principal repayments, interest payments, facility utilization, renewals, covenant requirements, and upcoming maturities.
• Maintain debt maturity schedules and highlight approaching obligations, facility limits, and expiries.
• Review interest calculations, bank fees, and facility charges and follow up on discrepancies.
• Support the Group Treasury Manager in facility renewals, bank negotiations, and financing arrangements.

Maintain effective control and reporting of bank guarantees, letters of credit, and other treasury obligations.

• Maintain accurate records of bank guarantees and letters of credit, including issuance, amendments, renewals, expiries, and cancellations.
• Coordinate required documentation with banks and internal stakeholders and ensure timely action on upcoming expiries.
• Provide banking, debt, facility, guarantee, and letter of credit information for management review and financing discussions.
• Prepare accurate treasury reports and schedules as required by the Group Treasury Manager.

Coordinate Group tax compliance activities to ensure accurate and timely fulfilment of applicable statutory tax obligations.

• Maintain the Group tax calendar and monitor applicable filing and payment deadlines.
• Coordinate corporate income tax, withholding tax, VAT and other applicable tax filings, declarations, and payments.
• Maintain tax registrations, assessments, reconciliations, and supporting documentation.
• Collect, review, validate, and reconcile information from finance teams across Group entities to support accurate tax reporting.
• Maintain complete tax records and prepare tax reports and updates for management as required.

Coordinate tax-related engagements, monitor regulatory developments, and support the management of tax compliance risks across the Group.

• Liaise with tax authorities, external tax advisers, and auditors regarding queries, inspections, assessments, and other tax matters.
• Coordinate supporting information and documentation required for tax reviews, audits, inspections, and assessments.
• Track tax assessments, queries, appeals, and outstanding actions through resolution.
• Monitor relevant changes in tax laws, regulations, and compliance requirements and assess their potential impact on the Group.
• Support tax risk reviews, identify potential areas of non-compliance or exposure, and recommend improvements to processes and controls.
• Escalate significant tax exposures, regulatory developments, compliance issues, and overdue actions to the Group Treasury Manager.

• Bachelor’s Degree in Finance, Accounting, Banking, or a related discipline.
• Professional qualifications or certifications in Accounting, Finance, Treasury, or Taxation are an advantage.

• Mi…