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  • Job reference: RMS0133618

Senior Accountant Banks

  • Sector: Oil & Gas
  • Location: Doha
  • Job type: Contract
  • Date posted: 17/12/2013
  • Time left:
    d h m s
    (24/12/13)
This vacancy has now expired.
The Company:
Our Client is a major petrochemical company in Qatar.

The Role:
Role Objective:
Undertake all banking operations activities and also assist Section Head, CF Management in all cash flow and fund management activities relating to Company’s operations.

Roles and Responsibilities:
Banking Operations:
 Confirm and settle trades, process payments/receipts, reconcile bank accounts, maintain static data
 Liaise effectively with banks and Third parties regarding any issues arising in connection with transaction flows
 Manage bank accounts
 Deal effectively with banks regarding opening and closing accounts, including updating mandates
 Manage relationship with banking counterparties, including fee negotiation

Cash Management
 Manage the company’s cash including foreign exchange and interest management and short term deposits
 Assist Section Head, CF Mgt in reviewing and ensuring accuracy of cash forecasts, cash variance reports, cash position monitoring reports to support decision making process

Treasury Dealing
 Arrange letters of credit/bank guarantees with appropriate terms and prices
 Determine price instruments accurately using market data sources so as to ensure that best execution is achieved for all required deals
 Have a knowledge of market conventions regarding quotes for prices and ability to transact deals efficiently
 Manage Liquidity and FX risks
Others
 Provide required support and assist with completion of internal and external audits
 Conduct all activities in a safe and environmentally sound manner
 Conduct all transactions in full compliance with relevant Business and Financial
controls

Key Interactions:
INTERNAL
Treasurer
Banking Accountant
Accounting Coordinator
Senior AP & AR
Finance Controller
Finance Governance
Sales & Marketing teams

EXTERNAL
House Bank(s)

Context/Special Features/ Challenges:
The revenues from chemicals, polymers and fertilizers represent a significant contribution to the gross revenues of the state of Qatar, the protection and control of which are a matter of national importance.

The finance function provides the structure and controls system to ensure that all the company’s assets, revenues and payments are approved according to the Manual of Authorities and are accurately recorded, reported and protected

Essential Skills / Qualifications:
Graduate degree in Accounting, Banking or Business Studies

Relevant 5-7 years of experience in related field. Qualified Accountant ideally with operational/treasury experience and exposure to large complex organisations

Desirable Skills / Qualifications:
Behavioral Competencies:
- Functional Leadership, develop staff, strong Internal Customer Focus and excellent communication skills
- Pro-active nature, able to drive processes
- Able to work under pressure and meeting strict deadlines

Technical Competencies:
-Good written and verbal communication skills in the English language
-Treasury Operations and Cash management (Initiator)
-Manage Working capital (Initiator)
-Governance and Business controls, controls framework (Operational Capability)
-Accounting Policies and Standards (Operational Capability)
-Maintain Books of Account (Operational Capability)
-Proficiency in SAP, Word, Excel and Power Point.

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