Senior Treasury Accountant

Position Title:

Senior Treasury Accountant

Reports to:

Treasury and Venture Manager

To coordinate all day-to-day treasury operations related to, managing the investment portfolio by

assessing new investment opportunities, managing liquidity, companys bank accounts, deposit

placements, company corporate credit cards, hedging and managing financial risks etc., so that

Client and QVC funds are protected against any financial risks.

• Number of Staff Supervised
• and Financial dimensions:
• Direct Reports:
• Total:
• Financial Dimensions:

• Treasury Management
  • Monitor the companys cash position providing the Treasury and Venture Manager with daily cash
  • position report and recommending necessary cash management action.
  • Maintain companys proprietary investments portfolio deposits and carry out all tasks related to
  • booking, renewal, and liquidation of those investment.
  • Maintain companys loan portfolio and carry out all tasks related to recording, debt servicing and
  • settlement of any loans.
  • Maintain companys hedging portfolio and carry out tasks related to recording, prospective and
  • retrospective effectiveness testing, monthly marking to market and settlement.
  • Maintain companys Foreign Exchange SPOT transactions and carry out all related operations.
  • Book all Treasury transactions JV involving banks, deposits, FX, bank charges and interests to
  • ensure they are properly recorded and reconciled.
  • Verify/upload payment batches to e-banking gateways and daily foreign exchange rates received
  • from bank.
  • Verify receivables application, adjustments, and reconciliation as per client, QATOFIN and QVC
  • Complete bank reconciliations processes for all companies (client, QATOFIN and QVC).
  • Ensure that all reconciliations are performed accurately and in a timely manner, maintaining
  • consistency with treasury records.
• Decision Making Authority
• Report and resolve discrepancies promptly with banks and other stakeholders to ensure the
• integrity of financial data.
• Relationships with Banks
• Monitor the processing and issuance of checks and letters for bank transfers and drafts in order to
• ensure activities are in line with the overall treasury plan and objective.
• Manage banking transactions in line with organization policies and procedures and monitor balances
• on a daily basis and provide recommendations for transfers between accounts to ensure maximum
• cash use for client, QATOFIN and QVC.
• Foster and build relationships with various banks to obtain favorable arrangements on bank
• transactions ensuring the efficient cash use for client, QATOFIN and QVC.
• Managing Stakeholders
• Establish effective working relationships with banks, financial and credit institutions to pursue and
• negotiate the securing of the companys planned financial needs in order to limit and cover the
• groups exposure to underlying liabilities and assets.
• Follow all relevant departmental policies, processes, standard operating procedures, and instructions
• so that work is carried out in a controlled and consistent manner.
• Quality, Health, Safety & Environment
• Ensure all relevant quality, health, safety and environmental procedures, instructions and controls are
• adhered to so that the safety of employees, quality of products/services and environmental
• compliance can be guaranteed.
• Statements and Reports
• Assist in the preparation of timely and accurate departmental statements and reports to meet
• department requirements, policies, and standards.
• Prepare the Monthly Cash Flow Forecasting Report.
• Related Assignments
• Perform other related duties or assignments as directed.

Internal:

• Treasury and Venture Manager
• Senior Treasury Coordinator Accounts Payable section with regard to payment processing

External:

• External auditors
• Bank representatives
• Other financial and investment institutions
• External auditors and financial consultants

Role is required to monitor and implement QAPCO, QATOFIN and QVC treasury operations which

involves managing short-term investments, since most of the long-term investment planning and funds

management is managed

Minimum Qualifications:

• ACCA.
• 5 years of relevant accounting experience.
• Experience in the Oil and Gas / Petrochemical industry is preferred.

Job-Specific Skills (Generic / Technical):

• Advanced financial analysis skills.
• In-depth and expert knowledge of financial planning and Treasury management standards.
• In-depth knowledge of the financial treasury management theories and philosophy.
• Strong understanding of the statutory and legal considerations.
• Advanced knowledge of treasury accounting.
• Excellent use of the English language.
• Excellent relationship building skills.
• Advanced information system management skills, especially in relation to Treasury modules.

Key decisions having significant impact on the Finance Office Division are referred to the Treasury and