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Manager – Treasury & Credit
1. PRIMARY PURPOSE OF THE JOB
To manage and control all the functions of the Treasury & Credit Section within Finance Department relating to directing financial activities, business planning, investment of funds, managing all related banking activities and company’s bank accounts; to manage and coordinate activities of staff engaged in conducting credit investigations and collections; to manage credit insurance policies and all related activities
2. PRINCIPAL ACCOUNTABILITIES
a) Manages the Treasury and Credit Section with responsibility for all payments within the company
b) Manages treasury function, evaluating need for procurement of funds and investment of surplus and advising finance management on investments and loans for short and long range financial plans. Liaises with other subsidiary companies/partners on financial matters such as loans, cash calls, scheduled payments, compliance with FCA and financing future development/projects.
c) Manages and delegates authority for receipt, disbursement, banking, protection and custody of funds and financial instruments including design and implementation of cash management system to meet prescribed objectives.
d) Develops and reviews policies and procedures in relation to treasury management, collections and credit evaluation.
e) Conducts analysis of financial records to forecast future financial position and budget requirements. Prepares cash flow and other related financial reports for management.
f) Manages all matters relating to credit applications, limitations and deviations from standard terms of payment; signs notes of indebtedness as approved by management and establishes and ensures updating of customers' credit activities records.
g) Manages all matters relating to collections, reviewing collection reports, auditing delinquent accounts to ensure maximum efforts have been made before assigning bad debt status to account. Submits delinquent accounts to attorney or outside agency for collection.
h) Directs all matters relating to investigation of fraud cases and legal action relating to collections to ensure proper observance of procedures and optimum presentation of company’s case.
i) Manages credit insurance policies and dealing with insurers and customers as well as liaisons with related departments on this matter.
j) Manages all aspects of company corporate credit cards and makes recommendations in the formulation of credit policies.
k) Performs other similar or related duties, such as acting on behalf of the Finance Manager during his business and/or annual leave.
3. QUALIFICATIONS AND EXPERIENCE
Bachelor Degree in Accounts/Commerce/Finance or equivalent
Preferably a higher degree in Treasury & Fund Management
12 years experience in management & supervisory of treasury activities, preferably in the petrochemical industry
Fluency in both written and spoken English.
Attractive Remuneration package with family status benefits would be offered to selected candidate
Bachelor Degree in Accounts/Commerce/Finance or equivalent.
Preferably a higher degree in Treasury & Fund Management.
12 years experience in management & supervisory of treasury activities, preferably in the petrochemical industry.
Fluency in both written and spoken English.
Bachelor Degree in Accounts/Commerce/Finance. Higher degree in Treasury & Fund Management Preferred.
- Job Location:
- Doha, Qatar
- Company Industry:
- Petrochemicals; Oil/Gas
- Company Type:
- Employer (Private Sector)
- Job Role:
- Joining Date:
- Employment Status:
- Full time
- Employment Type:
- Monthly Salary Range:
- Manages Others:
- Number of Vacancies:
- Career Level:
- Years of Experience:
- Min: 15
- Residence Location:
- Bachelor's degree / higher diploma
About This Company
QAPCO was established in 1974 as a joint multinational venture to utilise the associated and non-associated Ethane gas from petroleum production in line with the industrialization plan of the State Qatar. it is one of the Companies located in the Mesaieed Industrial City (MIC), producing fertilizers, steel, refined petroleum products and natural gas liquids. QAPCO plant is situated on the seacoast with jetty facilities and exports its entire range of products worldwide. QAPCO commenced commercial production in 1981 and within a short time, was well-established in the global market due to its quality and reliability. To pursue leadership, continuous improvement, process and system orientation, involvement of the people and measurement of performance in support of our journey to achieve excellence of performance, we have re-designed our Quality Management System to comply with the requirements of ISO 9001:2000 standard, implemented it in our practice and achieved the official certification to its requirements by beginning of the year 2002.
The main products of the company are Ethylene and LDPE. Solid sulphur is generated as a by-product in the process. The required feedstock, Ethane gas, is supplied by the state-owned Qatar Petroleum (QP) for the production of Ethylene, a significant part of which is then used in the production of various grades of LDPE, marketed under the ‘LOTRENE’ brand name.
QAPCO built its vision on a solid foundation of state-of-the-art technology, which will make possible a succession of new generation products. Our manufacturing facilities consist of an Ethylene plant with a designed annual capacity of 525,000 MT, two LDPE plants with a total annual capacity of 360,000 MT and a Sulphur plant with an annual rated capacity of 70,000 MT besides the self-sufficient utilities, plants and other offsite and auxiliary facilities.