Treasury Specialist, Core42, Abu Dhabi - UAE
About Us
Core42, a leader in AI-powered cloud and digital infrastructure, is driving transformative technology solutions globally. Leveraging advanced resources and partnerships, Core42 empowers clients to harness sovereign AI infrastructure, especially in sectors with stringent regulatory needs. With a mission to redefine digital transformation, we combine sovereign capabilities with scalable, high-performance compute infrastructure, positioning itself at the forefront of AI innovation in the Middle East and beyond.
The opportunity
The Treasury Specialist is a hands-on finance role responsible for managing Core42's daily liquidity, banking operations and cash forecasting. The role partners with Accounts Payable, Accounts Receivable, Financial Planning and the business to ensure funds are available where and when they are needed, and that every payment moves securely and on time. It owns bank relationship administration, cash positioning and the controls that protect Core42 against payment and financial risk. The role also supports debt, investment and foreign exchange activity, providing the analysis that underpins treasury decisions.
Your key responsibilities
Cash & Liquidity Management
- Own the daily cash position across all bank accounts and entities, ensuring sufficient liquidity for operational needs.
- Prepare and maintain short and medium-term cash forecasts, explaining variances against actuals.
- Execute funding, sweeping and inter-company transfers in line with approved policy and authority limits.
Banking Operations & Controls
- Manage bank account administration, mandates, signatories and access rights across the banking portfolio.
- Execute and control payment releases through banking platforms, applying dual authorisation and fraud prevention checks.
- Maintain bank connectivity and integration with the ERP, resolving issues with banking partners.
Risk & Compliance
- Monitor foreign exchange and interest rate exposures, supporting the execution of approved hedging activity.
- Ensure treasury activity complies with internal policy, banking covenants and UAE regulatory requirements.
- Support internal and external audit with treasury reconciliations, confirmations and evidence of controls.
Reporting & Analysis
- Deliver treasury reporting on cash, debt, investments and banking fees to Finance leadership.
- Analyse banking charges and working capital trends, identifying opportunities to reduce cost and improve returns.
- Support debt and investment activity with modelling, documentation and settlement tracking.
Systems & Continuous Improvement
- Improve treasury processes through automation of cash positioning, reconciliation and reporting.
- Maintain accurate treasury records and documentation within the ERP and treasury management systems.
- Partner with Accounts Payable, Accounts Receivable and Tax to strengthen end-to-end cash processes.
What we're looking for
(a) Required skills / qualifications
- 5+ years of experience in corporate treasury, banking or cash management within a corporate finance function.
- Degree in Finance, Accounting, Economics or a related discipline.
- Proven experience preparing cash forecasts and managing daily liquidity across multiple bank accounts.
- Hands-on experience with banking platforms, payment execution and bank reconciliation processes.
- Strong knowledge of treasury controls, payment security and segregation of duties.
- Advanced Excel skills and experience working with an ERP (SAP, Oracle or Microsoft Dynamics).
- Strong analytical skills with high attention to detail and sound judgement under time pressure.
(b) Preferred skills / qualifications
- Professional qualification such as ACT (AMCT/CertT), CFA, CTP, ACCA, CPA or CIMA.
- Experience with a treasury management system.
- Exposure to foreign exchange hedging, debt facilities or investment portfolios.
- Experience in a multi-entity or regional group structure in the UAE or wider GCC.
Core Competencies
- Analytical rigour & numeracy
- Control and risk awareness
- Operational discipline
- Banking & stakeholder relationship management
- Ownership and follow-through
What working at Core42 offers
With a diverse team of 1,100+ employees from 68 nationalities, we foster an inclusive, innovative and collaborative environment. At Core42, we foster a culture grounded in trust, accountability and high performance. We are united by our values: Grit, where we overcome challenges with resilience and determination, Passion, which drives us to pursue excellence in everything we do, and Impact, as we aim to inspire progress and create meaningful change. Our team members thrive in an environment where each person's contributions propel us forward, and together, we commit to achieving extraordinary results.
- Competitive Salary: We offer an attractive salary package based on your skills and experience
- Yearly Bonus: In recognition of your contributions, you will receive a performance-based annual bonus
- Exclusive Discount Cards: Access special benefits with Esaad and Fazaa cards, offering discounts across a wide range of services
- Premium Family Insurance: We provide comprehensive health coverage, including dental, vision and life insurance, ensuring the well-being of you and your family
- Learning & Development: We offer access to top-tier learning platforms to help you grow in your career. Learn at your own pace with unlimited access to premium courses.
