Treasury and Insurance Manager
Secondment - Treasury and Insurance Manager
Duration
1 year subject to renewal
Job Code
Function
Finance
Department
Finance
Section
Treasury and Insurance
Location
Muscat
Reporting To (Functional Title)
CFO
Number of Direct Reports
N/A
ROLE PURPOSEThe role requires comprehensive deep knowledge across all finance functions including building external relationships with bankers, traders, industry specialists and investors. The candidate will be required to work closely with executive management and the board to drive optimal financial decisions, debt management, business, and funding plans. Primary role to analyze financial data, identifying investment opportunities, and provide strategic guidance to support the organization's financial goals, play a crucial role in optimize the organization's cash flow, manage financial risks, and maximize investment returns.
Additionally, the role will lead the development and execution of the organization’s insurance strategy, ensuring adequate risk coverage, efficient policy management, and protection of the company’s assets, people, and operations.
ACCOUNTABILITIES AND RESPONSIBILITIES- Lead the development and implementation of financial, debt management, insurance, and investment strategies, processes, and controls to achieve business objectives.
- Exercise effective and transparent governance of treasury and insurance functions, including ERP integration and H2H banking connectivity.
- Collaborate with legal, procurement, business development, asset management, operations, and risk teams to provide strategic guidance on funding, investments, risk transfer, and insurance.
- Seek alignment and approvals from Executive Management on key financial and insurance decisions impacting long-term business growth and protection.
- Develop and manage strong relationships with banks, insurers, reinsurers, brokers, government bodies, and shareholders to ensure the organization’s financial and insurance interests are well served.
- Identify various funding sources and optimal structures to maintain access to liquidity including SEF, CF, WC etc.
- Lead and develop and implement treasury strategies and policies to optimize cash flow and liquidity management.
- Lead and develop risk management policies to mitigate various risks inherent within the mining industry.
- Lead with support of business development team originating and negotiating marketing agreements with international traders.
- Ability to evaluate creditworthiness of potential partners and counterparts that play significant role in the business including contractors, agents, JVs, etc.
- Monitor and analyze financial market conditions, commodity prices, interest rates, and currency fluctuations to identify potential risks and opportunities.
- Evaluate and recommend appropriate investment strategies to maximize returns while maintaining acceptable risk levels.
- Monitor and manage the organization's debt and interest rate exposure, including refinancing and debt restructuring.
- Conduct financial risk assessments and develop risk mitigation strategies.
- Monitor and ensure compliance with applicable laws, regulations, and accounting standards related to treasury activities.
- Provide expert advice and guidance on treasury-related matters to senior management and other departments within the organization.
- Collaborate with senior management to develop and execute financial strategies that align with the organization's goals and objectives.
- Monitor and analyze financial performance indicators, such as profitability, cash flow, and return on investment, to identify areas for improvement and develop action plans.
- Provide strategic financial advice and guidance to senior management, board of directors, and stakeholders on key financial decisions and initiatives.
- Collaborate with cross-functional teams, including business development, budget, operations, legal, and compliance, to ensure financial strategies and decisions are aligned with organizational objectives and regulatory requirements.
- Build and maintain relationships with external stakeholders, such as financial institutions, investors, and industry experts, to leverage opportunities and facilitate financial…
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