Expert Treasury

Company Description

SGS is the world’s leading Testing, Inspection and Certification company. We operate a network of over 2,500 laboratories and business facilities across 115 countries, supported by a team of 99,500 dedicated professionals. With over 145 years of service excellence, we combine the precision and accuracy that define Swiss companies to help organizations achieve the highest standards of quality, compliance, and sustainability.

We are looking for an Expert Treasury for a period of 1 year who will oversee the Treasury team by managing various responsibilities, including securing financing (preferably Islamic financing), support in obtaining derivatives, performing Cash Management duties such as cash forecasts, monitoring cash flow, initiating electronic payments, coordinating short-term investments, maintaining the treasury trial balance, and fostering strong banking relationships.

The position will act in accordance with the Group's Mission, Vision, Values, and Strategies, as well as its policies, guidelines, and international standards, supported by an IT Technology platform, HSSE standards, Omani government regulations, and other legal justifications, in consonance with national objectives and best international practices.

Job Description

Ensure alignment of the overall company funding strategy with policies and procedures, optimizing the use of debt capacity.

Review treasury payments, drawdowns, debt utilization and compliance requirements.

Plan cash positioning, initiate treasury payments, and execute foreign exchange currency transactions.

Manage negotiations with banks for fund placement and provide monthly performance reports.

Monitor and analyze cash flow forecast reports, contributing to the long-term funding strategy.

Prepare and submit treasury reports regularly to committees, the Board of Directors, shareholders, and other ad-hoc requirements.

Monitor and maintain the company's treasury risk register and provide recommendations for mitigating and managing identified risks.

Ensure updated treasury policies and procedures, treasury risk register and mapped controls are in place. Establish, structure manage cultivate long-term relationships with local, regional and international banks.

Manage treasury-specific GL accounts and maintain financial records and Liaise with the Finance Control Team for timely and accurate reporting of the treasury trial balance and disclosures.

Ensure continuous monitoring of the company's compliant position as per MSX and/ or AAOIFI rules.

Follow established processes to ensure accurate and complete assessment and review of bank credit and support in establishing a standardized procedure to complete the assessment to provide prompt feedback on the creditworthiness of the counterparty.

Collaborate effectively with colleagues from other departments to achieve department objectives and performance metrics.

Identify opportunities to standardize processes and drive efficiencies.

Respond promptly to queries from lenders, stakeholders, tax, and audit inquiries.

Developing the Funding Plan: Aid in creating the medium- and long-term funding plan for the organization.

Formulating the Financing Strategy: Assist in developing the medium- and long-term financing strategy, including evaluating the pros and cons of various financing instruments.

Analyzing Capital Structure: Analyze the current capital structure and identify more efficient ways to reduce financing costs, such as re-negotiations with existing lenders and refinancing, to maximize company earnings and shareholder value.

Evaluating Financing Solutions: Assess different financing solutions proposed by stakeholders for Hydrogen and CCUS projects.

Qualifications

•Minimum 8+ years of relevant treasury experience, preferably in a large corporate or complex organization.

•Experience in obtaining Islamic Financing. Extensive experience in dealing with cash and liquidity planning, working capital management, cash flow forecasts and cash flow analyses and management in a front office function.

•Hand-on experience in utilizing SWIFT and EFTs treasury management systems and other Treasury management platforms. Extensive experience in Treasury reporting. Experience in Sharia-compliant derivatives.

•Strong experience in dealing with financial reporting risk management, and MIS reporting. Practical experience in managing finance-related risk management.

Additional Information

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