Treasury Accountant

Role Purpose The Treasury Accountant will be responsible for managing day-to-day treasury operations, banking transactions, financial instruments, cash flow forecasting, and liquidity monitoring across the Group. The role will ensure effective cash management, timely execution of banking requirements, and strong financial controls while supporting the Director of Finance in managing banking relationships, credit facilities, working capital, and project financing requirements. Key Responsibilities 1. Treasury Operations & Banking Instruments • Manage the issuance, amendment, renewal, tracking, and cancellation of Performance Guarantees (PG), Advance Payment Guarantees (APG), Retention Guarantees, Tender Bonds, and other banking securities. • Handle Letters of Credit (LC), including documentation, amendments, expiry monitoring, supplier coordination, and settlements. • Coordinate Post-Dated Cheque (PDC) and PPC discounting arrangements, including repayment tracking and maturity schedules. • Liaise with banks for daily transactions, fund transfers, payment processing, SWIFT confirmations, and facility utilization. • Maintain an updated register of all banking instruments, including expiry dates, charges, and associated obligations. 2. Banking & Documentation Management • Coordinate the opening, modification, and closure of bank accounts across Group entities. • Prepare and submit required banking documents, KYC information, corporate records, and facility documentation. • Maintain accurate and organized records of bank accounts, guarantees, LCs, financing arrangements, and related correspondence. • Ensure timely renewal and updating of banking documentation in line with bank requirements. 3. Cash Flow & Liquidity Management • Monitor daily bank balances and liquidity positions across Group companies and projects. • Prepare and maintain rolling cash flow forecasts based on expected collections, project expenditure, procurement commitments, payroll, and other financial obligations. • Identify potential cash shortfalls, funding gaps, and upcoming payment commitments. • Coordinate with the Accounts Receivable team to monitor project collections, retention receivables, and overdue payments. • Work closely with Accounts Payable to align vendor payments, subcontractor settlements, LC obligations, and other commitments with available liquidity. • Track loan repayments, financing commitments, discounting schedules, and expected cash inflows. 3. Treasury Reporting & Financial Controls • Prepare daily, weekly, and monthly treasury reports covering bank balances, cash positions, facility utilization, guarantees, and financing obligations. • Maintain visibility of short-term and long-term cash requirements across the Group. • Prepare monthly bank reconciliations and investigate outstanding or unreconciled transactions. • Ensure accurate accounting of bank charges, interest, guarantee fees, LC settlements, and financing costs. • Support month-end closing through treasury reconciliations, bank confirmations, and supporting schedules. • Maintain proper internal controls and documentation for all treasury transactions. 5. Credit Facilities & Banking Relationships • Support the Director of Finance in arranging, renewing, enhancing, and managing banking and credit facilities. • Coordinate documentation for overdrafts, working capital facilities, project financing, guarantees, and other banking arrangements. • Monitor credit facility limits, utilization, expiry dates, securities, and repayment obligations. • Liaise with relationship managers across UAE banks to ensure timely processing of banking requirements. • Prepare periodic reports on financing costs, interest rates, bank charges, guarantee commissions, and facility utilization. • Assist in identifying opportunities to optimize banking costs and improve liquidity management. Qualifications & Experience • Bachelor's degree in accounting, Finance, or a related discipline. • Fully or partially qualified CA, ACCA, or CIMA candidates preferred. • Minimum 3 years of relevant treasury or banking operations experience in the UAE. • Experience within the construction, contracting, engineering, or fit-out industry will be a strong advantage. • Hands-on experience managing bank guarantees, Letters of Credit, PDC discounting, and credit facilities. • Familiarity with UAE banking procedures, financial documentation, and compliance requirements. • Experience working with multiple legal entities or project-based businesses is preferred. Required Skills & Competencies • Strong understanding of treasury operations, banking instruments, and cash flow management. • Proficiency in Microsoft Excel, cash flow forecasting, reconciliations, and financial reporting. • Good working knowledge of accounting systems and ERP platforms. • Strong numerical, analytical, and problem-solving skills. • High level of accuracy, attention to detail, and financial discipline. • Ability to manage multiple banking transactions, deadlines, and priorities. • Effective communication and coordination skills with banks, internal finance teams, and project stakeholders. • Strong sense of accountability, confidentiality, and ownership. Key Performance Expectations • Timely processing and renewal of guarantees, LCs, and banking instruments. • Accurate and up-to-date daily cash positions and rolling cash flow forecasts. • Zero missed banking instrument expiry dates or repayment deadlines. • Timely completion of monthly bank reconciliations. • Accurate reporting of credit facility utilization and financing costs. • Strong documentation standards and compliance with treasury controls. • Early identification and escalation of potential liquidity gaps. Application Question(s): • How many years of treasury experience do you have in the UAE? • Have you worked in a construction or contracting company? (Yes/No) • Have you independently handled bank guarantees (PG, APG, Tender Bonds)? • Do you have hands-on experience managing Letters of Credit (LCs)? • Have you independently prepared rolling cash flow forecasts? • What is your expected monthly salary in AED? • What is your notice period? Work Location: In person