Job Objectives:
Support the Head of Treasury in all treasury activities within Qatalum including Cash management, loan management, trade finance transactions, reporting, interest rate and commodity price risk management.
Job Description:
- Help develop hedging policies.
- Assist with bank negotiations.
- Maintain bank reconciliation statements on monthly basis & monitor daily bank account balances.
- Preparation monthly reports for sharing with other departments and external parties.
- Using Bloomberg terminal efficiently to monitor interest rates, LME on weekly basis.
- Applying FX deals via Bloomberg terminal & 360T in accordance to cash & liquidity forecast and applicable approvers as per treasury policy and procedures.
- Reviewing treasury procedures annually to incorporate updates and improvements if any.
- Compliance to loan agreement terms & conditions and financial covenants.
- Execute transactions at best possible prices in accordance with Board approved policies as directed by the Treasury Manager.
- Manage open positions and ensure Qatalum fulfils all obligations to counterparties.
- Assist with the IAS39 hedge effectiveness calculations and IFRS7 disclosures to ensure compliance with IFRS.
- Monitor counterparty credit ratings.
- Recommend changes to exposures based on modified counterparty risk profiles.
- Help ensure optimized fund operations in line with established loan agreements and cash call procedures.
- Help manage the debt book to ensure Qatalum fulfils all obligations.
- Developing and maintaining treasury modules, e.g. loan, tax, cash & liquidity, etc.
- Execute cash and liquidity management transactions as directed by the Head of Treasury.
- Help ensure sufficient liquidity is available in required currencies.
- Help develop investment policies & seeking best investment opportunities for excess cash.
- Develop short, medium and long term liquidity reporting procedures and systems.
- Execute placements of excess liquidity in money market instruments (as approved by the Board) to ensure the return is maximized within reasonable risk constraints and the approved policy
- Coordinate all Qatalum’s payments (vendors, employees, financial counterparties etc.).
- Ensure payments are executed efficiently and without delay.
- Propose changes to the financial authority matrix to ensure smooth payment processing.
- Drive the implementation of straight-through-processing of payments.
- Manage Qatalum’s petty cash.
- Manage trade finance instruments and bank guarantees received and issued as directed by the Head of Treasury
- Ensure foreign exchange rates and other market data (as required) is updated in SAP.
- Provide other business areas with market data as required.
The above statements are intended to describe the general nature and level of the work to be performed. This is not an exhaustive list of all duties and responsibilities. Qatalum’s Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.
Minimum Qualification Required
- University degree in finance, economic or, accounting,
- Association of Corporate Treasurers (or similar) qualification will be an advantage.
Required experience
- 6 - 8 years’ corporate treasury experience
- 1-2 years in an independent/senior role.
- Significant experience from a manufacturing business.
- Good experience of online payment systems and Bloomberg terminal (or similar package).
Job Specific Skills
- Excellent interpersonal and communication skills
- Fluency in English
- Team and service orientated
- Organizational and time management skills
- Solid SAP FI experience
- Advanced user of Excel and other MS Office packages
