OQ
Team Leader, Treasury
- Permanent
- Muscat, Oman
- Experience 10 - 15 yrs
Job expiry date: 11/10/2026
Job overview
Date posted
27/08/2026
Location
Muscat, Oman
Salary
Undisclosed
Compensation
Comprehensive package
Job description
In this role you will plan, execute, and supervise all financial transactions at OQ8, including incoming and outgoing funds, financial analysis, record-keeping, insurance, and compliance under the VP Finance scope, acting as a single point of accountability for the Treasury team. You will monitor cash functions including cash positioning, cash reporting and forecasting, short-term investing and borrowing, wire payments, fraud prevention, FX management and hedging, and bank account setup and maintenance. You are responsible for financial reporting requirements such as finance loans, cost reports, and monitoring debt drawdown, equity cash calls, debt repayment, and interest payments. Your responsibilities include preparing and monitoring OQ8's Finance Debt Cost Budget and interest cost management, and ensuring all debt and capital related transactions are completed in a timely and accurate manner. You will lead the execution of FX currency transactions and place fixed deposits, ensuring timely availability of funding to cover all OQ8 obligations. You are responsible for gathering, interpreting, and using complex data to develop financial models that improve Treasury processes, and executing financial models for OQ8 projects as part of Capital Planning during the annual Business Planning Cycle. You will develop various financial scenarios based on business structure, feedstock and product prices, technologies, and CAPEX/OPEX, interpreting their impact on project returns. In this role you will lead finance Refinery value project initiatives and cost optimization programs, prepare consolidated financials for the five-year planning cycle, and obtain contracts and certificates of insurance to verify coverage. You will also investigate contractor claims, coordinate with the Claims team, and monitor contractor claim handling through resolution.
Required skills
Key responsibilities
- Monitor cash functions, including cash positioning, cash reporting and forecasting, short-term investing and borrowing, wire payments, fraud prevention, FX management and hedging, bank account setup and maintenance, and bank relationship management
- Manage financial reporting requirements such as finance loan, cost report, and monitoring debt drawdown, equity cash call, debt repayment, and interest payment
- Prepare and monitor OQ8 Finance Debt Cost Budget and interest cost management
- Ensure all debt and capital related transactions are completed in a timely and accurate manner
- Administer treasury operations and transactions in respect of cash and management of all OQ8 bank accounts
- Lead the execution of FX currency transactions and place fixed deposits
- Ensure timely availability of funding to cover all OQ8's obligations
- Ensure funds received from lenders and owners are received on a timely basis
- Ensure excess funds are deposited in interest earning accounts on a timely basis
- Support the Manager in finding optimal solutions for applications of available funds
- Coordinate payment and receiving of fund transactions with stakeholders
- Coordinate with departments to ensure complete and accurate information for cash flow forecasting reports
- Manage the Loan Agreements end to end process, including fund and finance position in banks and negotiation of charges
- Gather, interpret, and use complex data to develop financial models that improve Treasury processes
- Execute financial models for OQ8 projects as part of Capital Planning Five-year forecast during the annual Business Planning Cycle
- Develop various financial scenarios for all units based on business structure, feedstock and product prices, technologies, and CAPEX/OPEX
- Interpret scenarios and their impact on project returns into commercial terms
- Analyse and present key results of financial analyses to the OQ8 team and decision-makers
- Develop, maintain, and report the medium-to-long term 5-year finance strategy for Treasury
Experience & skills
- Hold a bachelor's degree in Accounting, Finance, or a relevant field
- Bring 10 years of relevant experience
- Oil and Gas/Energy industry experience is preferred, including upstream and downstream exposure
- Show working experience in Treasury Operations, including financial planning, compliance, and insurance
- Demonstrate familiarity with IFRS, supported by an ACCA/CIMA qualification or education in progress
- Show knowledge of financial statements and consolidation of financial statements
- Have experience presenting and preparing proposals to recommend new strategies
- Demonstrate strong communication skills, both written and verbal
- Show time management skills and the ability to handle workload
- Be a proactive person
- Demonstrate the ability to meet tight deadlines and work under pressure
- Show attention to detail
- Demonstrate SAP finance module proficiency, with working knowledge of ERP systems and advanced MS Office applications
- Show experience reporting treasury operations, insurance, and compliance matters, including tracking discrepancies in statements and reports
- Demonstrate effective bank relationship skills and knowledge of bank procedures