OQ
Treasury and Insurance Manager
- Permanent
- Muscat, Oman
- Experience 10 - 15 yrs
Job expiry date: 20/05/2026
Job overview
Date posted
05/04/2026
Location
Muscat, Oman
Salary
Undisclosed
Compensation
Comprehensive package
Experience
10 - 15 yrs
Seniority
Manager
Qualification
Bachelors degree
Expiration date
20/05/2026
Job description
The Treasury and Insurance Manager role in Muscat requires comprehensive expertise across finance functions, including treasury management, corporate insurance, debt management, investments, and risk mitigation. The role demands building and maintaining external relationships with bankers, traders, insurers, reinsurers, brokers, investors, government bodies, and shareholders. Responsibilities include leading the development and execution of treasury strategies, insurance strategies aligned with OQ group policy and regulatory requirements, debt management processes, cash flow optimization, and investment strategies. The role also requires monitoring financial market conditions, commodity prices, interest rates, and currency fluctuations to identify risks and opportunities, evaluating creditworthiness of partners, overseeing structured and project finance including CF, WC, EBL, RCF, and IPO initiatives, managing insurance renewals, claims, and policy reviews, and ensuring compliance with applicable laws, regulations, and accounting standards. The role collaborates with cross-functional teams including legal, procurement, operations, business development, asset management, HSE, and finance, providing strategic guidance and reporting to CFO, executive management, and board of directors.
Required skills
Key responsibilities
- Lead the development and implementation of financial, debt management, insurance, and investment strategies, processes, and controls to achieve business objectives
- Exercise effective and transparent governance of treasury and insurance functions, including ERP integration and H2H banking connectivity
- Collaborate with legal, procurement, business development, asset management, operations, and risk teams to provide strategic guidance on funding, investments, risk transfer, and insurance
- Seek alignment and approvals from Executive Management on key financial and insurance decisions impacting long-term business growth and protection
- Develop and manage strong relationships with banks, insurers, reinsurers, brokers, government bodies, and shareholders to ensure the organization’s financial and insurance interests are well served
- Identify various funding sources and optimal structures to maintain access to liquidity including SEF, CF, WC
- Lead and implement treasury strategies and policies to optimize cash flow and liquidity management
- Lead and develop risk management policies to mitigate various risks inherent within the mining industry
- Originate and negotiate marketing agreements with international traders with business development support
- Evaluate creditworthiness of potential partners and counterparts including contractors, agents, and joint ventures
- Monitor and analyze financial market conditions, commodity prices, interest rates, and currency fluctuations
- Evaluate and recommend appropriate investment strategies to maximize returns while maintaining acceptable risk levels
- Monitor and manage the organization's debt and interest rate exposure, including refinancing and debt restructuring
- Conduct financial risk assessments and develop risk mitigation strategies
- Ensure compliance with applicable laws, regulations, and accounting standards related to treasury activities
- Provide expert advice and guidance on treasury-related matters to senior management and other departments
- Develop and execute financial strategies aligned with organizational goals
Experience & skills
- Minimum BSc in Finance or Accounts
- Minimum MCOM in Finance or Banking
- MBA is optional
- CFA Level 3 / Passed Level 2 preferred
- 10 years of experience with 5 years in a similar treasury and insurance role in banking or corporate treasury
- Wide coverage of investment and wholesale banking experience
- Experience in structured finance including export element transactions end-to-end
- Experience in structuring CF, WC, EBL, RCF, etc.
- Experience managing project finance facility from start of construction to completion including LRT milestones
- Demonstrated understanding of local and regional markets and key players
- Proven track record in treasury, investments, risk management, procurement coordination, and insurance portfolios
- Computer literacy including ERP and Microsoft tools (Excel, PowerPoint, Visio, Word)