Description
Established in the region for 40 years, PwC has around 8,000 people in 12 countries across the region: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates.
Our regional team operates across the Middle East bringing international experience delivered within the context of the region and its culture. We can bring the collective knowledge and experience of more than 328,000 people across the entire global PwC network in advisory, assurance and tax to help you find the value you are looking for.
Job Description & Summary
This role is responsible for the overall Group Treasury Back Office Operations, Treasury Reporting, Treasury Accounting, Treasury payments and settlements and the management of up to 10 back-office team members.
In addition to the above, also act as a primary focal point for Internal Audit, External Audit, State Bureau Audit and SWIFT administration, SWIFT AllianceLite2 Right Security Officer, and RMA holder.
The role also encompasses the direction, blueprint and advisory on the SAP S4 implementation, where a high level of program management is required.
Principal Accountabilities
- Directs and monitors cash / inter-bank transfers, treasury funding, settlements, confirmations, to ensure that (1) all payment / settlement requests for Group companies and the managed entities, are planned, properly approved, and timely executed based on authorized payment requests, and (2) to ensure all governance are complied.
- Directs and monitors the accounting function for Treasury Instruments (Assets and Liabilities) like cash, loans & investments, borrowings, to ensure that entity financial statement reporting is compliance with IFRS Standards and accurate.
- Ensures that all compliance, payment and administration requirements in relation to bonds, swaps and other loan derivative instruments are met in order to mitigate the risk of default under loan and derivative contracts.
- Directs and monitors all the Group Treasury Back Office operations including bank statement uploading into SAP, bank reconciliations, clearing of outstanding items and dashboard KPIs reporting to ensure within the agreed turnaround time.
- Direct and monitors the regular upkeep and maintenance of Bank and Treasury related General Ledger master data in SAP whenever there is new set-up of companies, banking relationship, counterparties, within the Group, and SPVs under Group entity.
- Directs and reports on the performance of Parent entity Investment (Equity/Debt) portfolio listed in the Exchange locally or abroad.
- Ensures that all compliance requirements for Group Treasury banking transactions, investments, based on Company’s approved policies and procedures, are met through the implementation of controls and reporting.
- Leads the implementation of all appropriate electronic banking and payment services (SWIFT, AllianceLite2, SAP BCM, purchase cards, credit cards, cash journal, e-payment gateway, SAP interface) to enhance the efficiency and effectiveness of Company payment processes, security and further support our business operations.
- Liaises, supports and directs Group subsidiaries and joint ventures in the management of their Treasury functions.
- Leads the business continuity for Group Treasury to avoid losses arising from non-continuation due to SAP system down, unforeseen natural disasters, and attacks. Develop appropriate processes and coordinate between various Group business process owners and Group JV’s / subsidiaries to identify, monitor, report and mitigate these risks impacting Company’s reputation.
- Leads and act as the focal point for Group Treasury periodical/annual audit reviews and requirements from Internal Audit, External Audit, State Bureau Audit and Quality Audit.
- Will lead the Treasury Transformation process for Back Office, implement the findings and be the change management champion.
- Ad-hoc requirements from senior management, as requested.
- Establish appropriate, clear and achievable KPI’s for the team.
Qualifications / Knowledge / Skills / Experience
- Bachelors in Finance/Commerce / Business / Accounting and/or globally accepted professional qualifications like a Certified Public Accountant / Chartered Accountant / Cost & Management Accountant etc
- At least 15-20 years of experience in medium to large organization with adequate exposure to change management, treasury accounting, treasury settlements, payments and processes. Previous experience in similar capacity in an oil and gas industry would be an advantage.
- Excellent SAP S4 TRM knowledge and management.
- Excellent SWIFT, Bloomberg, 360T, AI and ML knowledge.
- Excellent people management, leadership, and coaching skills.
For further information, and to apply, please visit our website via the “Apply” button below.
