Treasury and Reporting Analyst

KEY ACCOUNTABILITIES:

• Ensures efficient and timely handling of treasury operations activities.
• Drive improvements and best practices related to Treasury processes, such as cash management, forecasting & reporting.
• Provide operational support to the Lead, Treasury on a timely basis.
• Transaction’s volume: costs between $2.5and $3.0 billion per year, 40,000 to 50,000 invoices per year.
• Average cash balance to optimize at all times: $200 million (excluding Decommissioning Fund).
• Interacts with various stakeholders (internal/external), e.g., Banks, Shareholders, C&P, IS, Methods, Systems and Compliance (MSC), Financial Planning (FP), General Accounting (GA), etc.

ACTIVITIES:

HSE

• Knowledge and observance of Company HSE policy, rules, and procedures.
• Ensure all activities and work under the responsibility of the Finance division are performed with an Incident Free mindset.

Cash Management & Reporting:

• Prepare the Fixed Deposit forecasts, proposals, recommendations, and reporting.
• Negotiate Interest rates with approved banks to ensure optimum cash management.
• Conduct the vendor payments analysis on a monthly basis to ensure the cash forecasts accuracy
• Analyze the root cause of pending payments and coordinate the resolution of the aged items.
• Prepare the Shareholders Cash Distribution forecast & analysis in coordination with FP to accurately estimate the
• Advances to Shareholders (per the Cash Advance Agreement) and coordinate the payments entries with GA.
• Prepare and present the Treasury dashboard and performance metrics
• Liaise and resolve issues regarding banking activities and corporate credit cards together with relevant internal departments.

Cash Forecasting & Analysis:

• Prepare the short-term cash forecasts in collaboration with cross-functional teams (e.g., Financial Planning, Cost
• Control, C&P, MP, and HR) to estimate Company cash requirements and the closing cash position (MCB).
• Conduct the variance analysis on the short-term cash flow forecast
• Analyze & report the expected cash requirements based on information from SAP and inputs from other departments.
• Prepare the Cash Analysis Reports ITD/YTD (Cash Evolution, weekly/monthly performance & trends) to identify and recommend remedies and improvement opportunities.
• Prepare and update the Daily Cash Balances Report, monitor the funds’ movement to ensure the Minimum Cash
• Balance (MCB) is maintained in a day-by-day basis.
• Consult financial literature to analyze financial data, industry trends and best practices, e.g., Interest rates, foreign exchange rates (FX), Commodity market, e.g., Crude Oil Prices.
• Assist in developing and maintaining the Finance Integrated Dashboard and information systems
• Conduct analyses to quantify and assess risk to business operations, using statistical analysis tools and the Company risks model, e.g., Interest rate / FX risk.

Policies & Procedures

• Assists in the development and update of all Treasury related policies & procedures, ensuring that they meet accounting best practices, statutory requirements and changing business requirements,
• Compliance with Company Governance framework and documents, e.g., DFA, JVA, Escrow a/c & CAA agreements,
• Continuously seeks to optimize areas within Treasury.

Other

• Perform any ad-hoc tasks as assigned by Lead, Treasury.
• Preparation of various reports as and when required.
• Collaborate on projects with internal and external stakeholders
• Responsible for the timely reporting of Cash Management activities.
• Act as a backup for other team members when required.

QUALIFICATIONS:

• Experience in cash management; knowledge of financial instruments for cash optimization
• Knowledge of accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
• Experience on SAP, e-banking solutions, and MS Office suite.
• Critical thinking and analytical skills
• Communication and interpersonal skills
• Qualification: Bachelor’s degree in Accounting / Finance / Economics
• Professional Experience: A minimum of 5 years of experience in a similar field within Finance

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