Search Jobs

Search by job, company or skills

Treasury Accountant
  • Posted an hour ago
  • Be among the first 10 applicants

Job Description

We are looking for an experienced Treasury Accountant to join our Finance team within the Oil & Gas / EPC sector.

The ideal candidate will have strong hands-on experience in corporate banking, treasury operations, trade finance, bank facilities and cash-flow management, preferably within an Oil & Gas, EPC or contracting environment.

Key Responsibilities

  • Manage day-to-day banking and treasury operations and coordinate with banks on operational matters.
  • Process bank transfers, supplier payments, salary/WPS transactions and other payment instructions.
  • Manage Letters of Credit (LCs), Trust Receipts (TRs), Bank Guarantees, PBGs, APGs/ABGs and related banking facilities.
  • Handle applications, amendments, extensions, settlements and closures of LCs and guarantees.
  • Maintain daily cash and bank position, including account balances, available facilities, blocked/margin amounts and upcoming commitments.
  • Monitor bank facility utilization, available limits, maturity dates, TR/loan due dates and repayments.
  • Maintain accurate LC and Bank Guarantee registers.
  • Track upcoming LC/TR/BG maturities and expiries and ensure timely action.
  • Prepare monthly bank reconciliations and investigate unreconciled or unidentified transactions.
  • Verify bank charges, interest, commissions and other financing costs against approved facility terms.
  • Coordinate with banks regarding facility renewals, enhancements, KYC and banking documentation.
  • Maintain complete documentation for banking and treasury transactions for audit and internal-control purposes.
  • Accurately record and reconcile all banking and treasury transactions in Microsoft Dynamics.
  • Coordinate with Accounts Payable regarding supplier payment schedules and remittance confirmations.
  • Coordinate with Accounts Receivable regarding expected collections and short-term cash-flow requirements.
  • Prepare weekly cash-flow and payment forecasts based on collections, supplier payments and banking commitments.
  • Maintain records of PDCs, security cheques and other banking instruments.
  • Follow up with banks on pending transactions and ensure timely resolution.
  • Prepare periodic Treasury MIS covering cash position, bank facilities, LCs, guarantees, borrowings and upcoming obligations.
  • Ensure compliance with the company's approval matrix and internal-control procedures.
  • Support the Finance Manager with treasury, banking and cash-management activities.

Candidate Requirements

  • Bachelor's degree in Accounting, Finance, Commerce or a related field.
  • 2–4 years of relevant experience, preferably in the UAE.
  • Experience in Oil & Gas, EPC, engineering, construction or contracting is preferred.
  • Hands-on experience in corporate banking and treasury operations.
  • Practical experience with LCs, TRs, Bank Guarantees, PBGs, APGs/ABGs and bank facilities.
  • Microsoft Dynamics experience is mandatory. Candidates without Microsoft Dynamics experience will not be considered.
  • Strong knowledge of bank reconciliations, payment processing and treasury documentation.
  • Strong Microsoft Excel skills.
  • Good understanding of cash-flow management and banking operations.
  • Strong communication and coordination skills with banks, suppliers and internal departments.
  • Excellent attention to detail and ability to manage multiple banking commitments and deadlines.

Ideal Candidate

The ideal candidate is someone who has hands-on treasury and corporate banking experience in an Oil & Gas/EPC environment, understands trade finance and banking facilities, and can independently manage day-to-day treasury operations.

Interested candidates: Please apply with your updated CV.

Important: Candidates must have relevant treasury/banking experience AND hands-on Microsoft Dynamics experience to be considered.

More Info

Job Type:
Industry:
Function:
Employment Type:

Key Skills

Letters of Credit (LCs)

Treasury documentation

Cash-flow management

Bank facilities

Trust Receipts (TRs)

About Company

Similar Jobs

2-5 yrs
United Arab Emirates, Abu Dhabi
Skills:
Microsoft Excel, SAP, ERP systems, Accounting Software, Microsoft Office Applications, Cash Management, Treasury, Bank Reconciliation