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  • Job reference: RMS0227231

Treasury Accountant

  • Sector: Oil & Gas
  • Location: Iraq
  • Job type: Permanent
  • Date posted: 15/09/2020
  • Duration: perm
This vacancy has now been filled.

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The Role:
Treasury Operations Processing
* Reconcile cash flow statements and follow-up on variances, in order to provide support in the identification of potential errors, and secure smooth operation avoiding bottlenecks.
* Identify and report potential defects/breaches in the operations, in order to contribute to their timely solution and avoidance.
Cash Forecasting & Management
* Contribute to the development of Cash Management (including foreign exchange) policies and plans and ensure implementation of the same.
* Coordinate the development of the operating and capital plan for Treasury
* Assist the Head of Finance to forecast and manage the cash position (cash flow), monitoring day-to-day bank balances, determining status of cash receipts and disbursements to ensure adequate fund requirements to meet the current and future requirements.
Treasury Operations
* Support the Head of Finance to manage the cash flow to ensure adequate funds are available for Company's general activities and major projects.
* Assist in managing the Company's investment and fund's portfolio in such a way as to maximize returns and ensure safety of investments.
* Plan for and ensure adequate funding for Company's projects from domestic depository sources and the inter-bank market at competitive rates.
* Monitor collections from sales / payments from customers on a regular basis to assess the availability of funds and to ensure the gap between incoming and outgoing funds is within manageable limits.
* Prepare and distribute monthly cash calls based on confirmed planned work programs
* Arrange approvals & initiate bank transactions
* Record bank transactions in accounting system
* Finalize bank reconciliations
* Prepare weekly, monthly and yearly cash flow & treasury report
* Prepare monthly bank reconciliations
Relationship Management:
* Develop and maintain effective business relationships with all relevant external/internal entities such as Government Regulatory Authorities, Financial Institutions, Auditors and all departments with highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organization are delivered in the most effective manner.
Audit
* Assist internal and external auditors in ensuring that audits are completed timely by the year-end through collaborating sufficiently and providing the necessary data.
Policies, Systems, Processes and Procedures
Contribute to the identification of opportunities for the continuous improvement of systems, processes and practices to increase productivity and operational efficiency.
* Implement all relevant policies, processes, procedures and instructions so that work is carried out in a controlled and consistent manner.
Health, Security, Safety and Environment.
* Follow all relevant company's health, security, safety and environmental policies, processes, procedures and instructions to ensure Health and Safety compliance in all aspects of work by applying them on self, others and corporate assets.
Reporting
* Develop financial reports for forecasting, trending, and results analysis while ensuring regular report availability for management decision making.

Essential Skills / Qualifications:
Minimum Qualifications:
* Bachelor's in Accounting or Finance
* Fully qualified accountant (CPA/CMA/ CFA or equivalent).
Minimum Experience:
* 4-6 plus years of experience in the upstream Oil & Gas financial operations, with relevant experience of treasury

Desirable Skills / Qualifications:
* Knowledge of back office support for Treasury Operations.
* Ability to collaborate and communicate effectively
* Good analytical and numerical skills.
* Good understanding and knowledge of IFRS/GAAP accounting standards specifically related to Oil & Gas activities.

About Fircroft:
Fircroft has been placing people in specialist technical industries for over 50 years, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.

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