MSELECT is looking to hire a Head of Budget & Treasury for an international oil operator in Erbil. Minimum 10 years’ experience in the same role with the oil & gas industry, Fluency in English is a must.
- Preparing the Group actual cash flow report
- Preparing the liquidity and 24month cash flow forecast
- Following up with Operating Companies on submission of their cash flow forecasts
- Preparing the Actual versus Budget Funding Report
- Maintaining bank mandates and SSIs
- Processing of treasury payments
- Undertaking annual review of static date in the TMS
- Daily cash management of the Group’s cash by managing bank accounts and pooling agreements and investing surplus cash in the money market
- Daily download of bank balances on the electronic banking system
- Ensuring that all cash management transactions are correctly recorded in the treasury systems
- Running the daily counterparty risk reports and reporting any credit changes to the Head of Treasury
- Minimum 10 years of experience in management position
- High education degree, strong management skills
- Legal base and corporate policies regarding treasury management
- Actual and expected financial performance data
- Online Banking system requirements and interfaces
- Cash management: actuals and forecasts, cash calls
- Payments process maintenance
- Working capital management
- Fluency in English is a must.
*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.