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Job ID: SES1166

Job Title: Treasury Analyst

Job Type: Contract

Consultant: Ms Hawraa

Sector: Oil & Gas

Location: Basrah

Posted: 01 Oct 2020




Position information

Position Title :                                  Treasury Analyst





Principal Accountabilities: 


Review and monitor foreign exchange exposures. Actively seek competitive exchange rates for material foreign exchange conversions. Operationalise FX conversion process for foreign currency payments.


Provide accurate cash forecasting to support decision making. Work closely with Projects and Production teams to drive transparency on commitments and cash requirements. Deliver quality Management Information with focus on liquidity both on a short and medium-term basis highlighting risks and mitigations. 


Review and update policies (Treasury, Credit, Imprest) reflecting treasury best practices.


Support credit team in managing credit risk through the strengthening of credit assessment process. 


Review existing treasury processes and propose improvements based on treasury best practice.


Support closure of audit action items pertaining to Treasury.


Drive effective utilisation of cash resources by optimising working capital requirements, investment of cash surplus in accordance with the company Treasury Policy and use of banking facilities. Manage counterparty credit risk to avoid excessive concentration of funds and risk.


Review and optimise end-to-end payments process and set measurable targets (KPIs) to drive reduction in payments cycle.


Propose and support implementation of non-cash based reimbursement solutions for staff travel.


Retender cash management contract and ensure seamless transition in case a new cash management bank is appointed.      


Actively support company integration agenda by providing direct and daily training and coaching of local Iraqi staff. Take a leading role in standardization, simplification and improvement of work processes to ensure quality finance support to the business.  



Skills & Requirements 


Need to be flexible, adaptable and responsive to changing business environment. Also need to know when and how to effectively take firm positions.


Have a strong interest in coaching others and the patience and dedication to train staff despite language barriers and regardless of starting level. Ability to work effectively with diverse, multidiscipline teams from all levels of the organization.  


Prior experience with implementation of insurance policies (CAR, Operational, Marine) is a plus. 


Treasury knowledge; particularly the implementation of treasury processes, banking including IT systems (Trax), working capital, cash forecasting, credit risk, 3rd party financing.


Arabic Language: Arabic language skills would be a strong advantage – but is not a prerequisite - as well as cultural familiarity/experience in the middle east.  


Strong computer and ERP systems skills particularly with proven ability to take financial data and use it to produce clear, simple, explanatory reports for non-financial staff.


Able to combine high level strategic thinking with a simple pragmatic approach when required. 


Good interface skills to gain respect and regularly work alongside Commercial, Project and Asset Management teams.


Strong Customer and Stakeholder focus.


5 years relevant experience in business facing finance roles.


Finance qualification: ACCA, CIMA, AMCT or equivalent.


Finance Competencies:


Corporate Treasury                                                           Skill

Governance & Assurance                                             Knowledge

Financial Controls                                                Knowledge

Risk Management                                                 Skill

Accounting & Reporting                                                Awareness

Process & Data Management                          Awareness

Financial Controls                                                Knowledge

M&A and Structured Finance                           Awareness

Business Partnering                                                           Skill

MI and Reporting for the Business                                Skill

Business Performance Management                          Knowledge

Value Management                                                        Knowledge


Additional Information:

Special Challenges:


Adapt to and deliver in the context of a Shell non-operated venture where part of the standard Shell environment has been transferred to what is effectively a merger of Shell business with the State Company environment within Iraq. The role is fully based within the business in Basrah and there will be culture and language challenges in the broader venture to embrace.


Effective communication and relationship management is critical. 


Demonstrate courage to challenge respectfully; strong influencing and team working skills to work within a multi-discipline and cultural team. Act as Shell ambassador role model in the company Finance community with a particular investment and commitment to train selected Iraqi staff.