Treasury
Pipecare Group · Sharjah, Sharjah ·
- Category
- Finance
- Experience
- 5+ years
PipeCare Group is looking for an experienced Treasury who will be responsible for managing treasury activities for the Corporate Office and all PIPECARE subsidiaries, including cash flow planning, bank facilities, multi-currency fund management, foreign exchange exposure monitoring, hedging proposals, fixed deposit decisions, and treasury reporting for a multinational and multi-currency business environment.
Key Responsibilities & Authorities:
- Manage bank controls, including daily cash flow management and liquidity monitoring.
- Manage organizational funds, including multi-currency fund planning, advisory support, and proper utilization of funds across all territories.
- Issue, monitor, and plan company guarantees, including performance bonds and payment guarantees, as required.
- Monitor and update the daily bank position and manage bank balances across all territories.
- Manage multi-currency exposures and prepare weekly and monthly foreign exchange proposals, including currency conversion recommendations, rate comparisons, and approval documentation.
- Evaluate foreign exchange exposure and prepare hedging proposals, including forward contracts and other suitable treasury instruments, for management decision and approval.
- Prepare fixed deposit proposals for surplus funds, compare bank rates and terms, and recommend fixed deposit decisions that balance return, liquidity, and risk.
- Review the daily collection report and update the Group Finance Director and CFO on any upcoming shortages or required actions.
- Update the daily payments report for the Group Finance Manager to support cash flow updates.
- Arrange, renew, monitor, and track bank facilities to ensure adequate funding support for operations and projects.
- Liaise with banks and maintain strong banking relationships for PIPECARE group entities.
- Review weekly and monthly bank reconciliations and follow up on unreconciled items promptly.
- Ensure accounting and treasury transactions are recorded accurately in accordance with professional codes of practice, applicable accounting standards, and service level agreements.
- Manage payments and Accounts Payable activities effectively.
- Manage intercompany payments, loans, settlements, and transfer pricing-related funding arrangements in coordination with Finance and Tax teams.
- Track intercompany loans, renewal dates, interest terms, and repayment schedules, ensuring that renewals, settlements, and loan closures are completed on time.
- Ensure proper implementation of accounting policies and procedures.
- Arrange funds for regional accounts to process payments within the agreed timelines and escalate any bottlenecks to the CFO and Group Finance Director.
- Maintain accounting ledgers by verifying and posting treasury-related account transactions accurately.
- Periodically review UN sanctions and banking compliance requirements as part of corporate treasury compliance.
- Perform other treasury and finance duties as assigned by the CFO or Finance Director.
Skills/Experience:
The successful candidate
- Should have hands-on experience in cash flow planning, bank facility management, bank guarantees, letters of credit (LCs), trust receipts, liquidity monitoring, bank reconciliations, intercompany funding, and banking relationship management.
- The role requires strong experience in multi-currency cash and fund management.
- The preferred candidate should have a finance or accounting background, relevant treasury experience, strong analytical skills, excellent communication abilities, and practical knowledge of ERP systems.
- UAE experience and familiarity with insurance, the Wage Protection System (WPS), and payroll-related treasury coordination would be an added advantage.
- Bachelor’s degree in Accounting, Finance, or Commerce.
- Professional qualification is optional, such as CA, ACCA, CPA, or CMA.
- Minimum 5 years of progressive treasury experience, preferably in a contracting company.
- Advanced knowledge of IFRS.
- Hands-on experience with ERP systems, preferably Odoo.
- Strong communication skills and good English proficiency.
Physical and Mental Requirements:
- Lifting and Carrying: Ability to lift and carry up to 50 pounds.
- Mobility: Must be able to walk and climb to perform duties, including maneuvering within a refinery or plant environment and accessing elevated platforms via ladders and stairwells.
- Communication: Sufficient clarity of speech and hearing, or other communication capabilities, to communicate effectively.
- Focus and Multitasking: Ability to maintain focus and multitask effectively.
- Safety Equipment: Must be able to wear safety equipment as required by the safety department for personal protection, if/where needed in manufacturing environments.
- Personal Mobility and Reflexes: Sufficient personal mobility and physical reflexes, with or without reasonable accommodations, to perform office duties and travel to off-site locations when necessary.
About PIPECARE Group:
PIPECARE Group offers comprehensive In-Line Inspection Services to identify and size pipeline threats, Utilizing advanced technologies such as Magnetic Flux Leakage, Transverse Field Inspection, Ultrasound, and specialized tools, PIPECARE ensures precise detection and assessment of various pipeline anomalies.
What we do:
In-Line Inspection Services
PIPECARE provides In-Line Inspection Services to locate, identify, and size threats, supporting integrity management requirements.
Check out our AI Technology and other cutting-edge technologies by clicking the following YouTube Links:
PIPECARE Group - YouTube
SMART AI CALIPER - Inspection experience like never before
Inspection Technologies
Magnetic Flux Leakage (MFL): Detects and sizes general corrosion and metal loss anomalies, especially circumferentially oriented.
Transverse Field Inspection (TFI): Detects and sizes general corrosion and metal loss anomalies, primarily axially oriented.
Ultrasound (UT): Detects and sizes general and other metal loss anomalies with high depth sizing accuracy.
Ultrasonic Crack Detection: Detects and sizes cracks and colonies of cracks.
Caliper (Geometry): Detects and sizes deviations in the ideal circular shape of a pipeline (dents, ovalities, wrinkles, etc.).
Specialized Tools and Technologies
Combo Tools: Use multiple measurement systems in various combinations.
Specialized Tubing Technologies: Designed for Furnace and Downhole Operations.
Equal Opportunity Employer: We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.