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  • Job reference: RMS0160703

Back Office Supervisor

  • Sector: Commercial
  • Location: Saudi Arabia
  • Job type: Permanent
  • Date posted: 13/11/2015
  • Time left:
    d h m s
This vacancy has now expired.
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The Company:
Sadara Chemical Company is an exciting joint venture between Saudi Aramco, one of the leading energy suppliers to the world, and The Dow Chemical Company a leading science and Technology Company of the world. Sardara will represent the largest petrochemical facility ever built in a single phase establishing a world-scale manufacturing footprint that delivers a full range of value-added performance products encompassing 26 manufacturing plants. The integrated complex based in Al Jubayl, Kingdom o

The Role:
Oversee the back office team and is the responsible for day-to-day Treasury settlement and confirmation activities, global bank account administration. To ensure all tasks are accurately completed in compliance with the company policies and regulations.

Functional Duties
1. Liaise with the Treasury Leadership Team to develop comprehensive service levels to ensure all back office functions are executed within mutually agreeable timelines. Additionally develop appropriate KPI’s for productivity and accuracy within the back office team.
2. Liaise with Treasury Controller to ensure compliance with internal policies and procedures
3. Build efficient, cost effective, and reliable settlement processes for all foreign exchange, interest rate, commodity and debt activities.
4. Consolidate and manage all inter-company settlements and related communications

5. Obtain and maintain all bank documentation, including any documentation supporting the opening and closing of bank accounts, signatory information, board resolutions, powers of attorney, commercial registry documentation and required legal certifications
6. Evaluate request for new bank accounts opening and closing of bank accounts. Ensure bank account register is up to date
7. Provide support in maintaining up to date information in Treasury bank administration software
8. Maintain bank settlement data in the Group’s master date application
9. Create and oversee processes related to tracking the Group’s banking
10. Execute operational and Treasury payments and collections (e.g. direct debits)
11. Manage (electronic) confirmation of foreign exchange and other hedging transactions with the Group’s counterparty / relationship banks
12. Create settlements to counterparty / relationship banks for hedging contracts
13. Provide all hedge related data and reporting to stakeholders, including trade details and settlement reports
14. Maintain the Group’s document archives in accordance with Group’s policy and local laws

Managerial Duties
1. To manage and provide leadership to the back office team and motivate, coach, develop and support respective employees
2. Perform all tasks and activities in accordance with Sadara’s policies and procedures.
3. Assess the level of skills set of employees and identify the need for development programs.

Essential Skills / Qualifications:
Bachelor’s degree in Finance, Accounting, Business Administration or any related field.
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