Senior Treasury Accountant

Job Description

1. JOB DETAILS :

Position Title : Senior Treasury Accountant

Reports to : Treasury and Venture Manager

2. JOB PURPOSE :

To coordinate all day-to-day treasury operations related to managing the investment portfolio by assessing new investment opportunities, managing liquidity, company bank accounts, deposit placements, company corporate credit cards, hedging, and managing financial risks, so that QAPCO, QATOFIN, and QVC funds are protected against any financial risks.

3. JOB DIMENSIONS :

Number of Staff Supervised and Financial dimensions :

Direct Reports :

Total :

Financial Dimensions :

4. KEY ACCOUNTABILITIES :

Treasury Management

Monitor the company's cash position, providing the Treasury and Venture Manager with daily cash position reports and recommending necessary cash management actions.

Maintain the company's proprietary investments portfolio, deposits, and carry out all tasks related to booking, renewal, and liquidation of those investments.

Maintain the company's loan portfolio and carry out all tasks related to recording, debt servicing, and settlement of any loans.

Maintain the company's hedging portfolio and carry out tasks related to recording, prospective and retrospective effectiveness testing, monthly marking to market, and settlement.

Maintain the company's Foreign Exchange SPOT transactions and carry out all related operations.

Book all Treasury transactions 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 banks.

Verify receivables application, adjustments, and reconciliation as per QAPCO, QATOFIN, and QVC policies.

Banks Reconciliation

Complete bank reconciliation processes for all companies (QAPCO, QATOFIN, and QVC), ensuring accuracy and timeliness, maintaining the integrity of treasury records.

Report and resolve discrepancies promptly with banks and other stakeholders.

Relationships with Banks

Monitor the processing and issuance of checks and letters for bank transfers and drafts to ensure activities align with treasury plans and objectives.

Manage banking transactions in accordance with organizational policies, monitor balances daily, and recommend transfers between accounts to optimize cash use for QAPCO, QATOFIN, and QVC.

Build and foster relationships with banks to obtain favorable arrangements on transactions.

Managing Stakeholders

Establish effective relationships with banks, financial, and credit institutions to secure the company's planned financial needs, limiting exposure to liabilities and assets.

Policies, Systems, Processes & Procedures

Follow all relevant departmental policies, processes, standard operating procedures, and instructions to ensure controlled and consistent work execution.

Quality, Health, Safety & Environment

Ensure adherence to all relevant quality, health, safety, and environmental procedures and controls to guarantee employee safety, product / service quality, and environmental compliance.

Statements and Reports

Assist in preparing timely and accurate departmental statements and reports, including the Monthly Cash Flow Forecasting Report.

Perform other related duties or assignments as directed.

5. COMMUNICATIONS & WORKING RELATIONSHIPS :

Internal : Treasury and Venture Manager, Disbursement Coordinator, Senior Treasury Coordinator (Accounts Payable)

External : External auditors, bank representatives, financial and investment institutions, financial consultants

6. CONTEXT & WORK ENVIRONMENT :

The role involves monitoring and implementing treasury operations for QAPCO, QATOFIN, and QVC, focusing on managing short-term investments, with long-term investment planning managed by QatarEnergy.

8. QUALIFICATIONS, EXPERIENCE & SKILLS :

Minimum Qualifications :

Bachelor's degree in accounting, finance, or professional accounting qualifications like CA, CFA, CPA, ACCA.

Minimum Experience :

5 years of relevant accounting experience, preferably in the Oil and Gas / Petrochemical industry.

Job-specific skills include advanced financial analysis, in-depth knowledge of financial planning and treasury management standards, statutory considerations, and treasury accounting, as well as excellent English language skills, relationship-building skills, and advanced information system management skills related to treasury modules.

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