Senior Treasury Officer - Oil and Gas
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Key skills for this role
About the Role
UCC Holding seeks a Senior Treasury Officer with 5-7 years of treasury experience in oil & gas or energy. You will manage cash and liquidity, FX transactions, commodity hedging, debt administration, and bank relationships.
Key Skills for This Role
Responsibilities
- Manage daily cash and liquidity positions across all company bank accounts and entities
- Prepare short term and medium term cash flow forecasts aligned with production revenue projections and CAPEX programs
- Execute and settle FX transactions, manage currency exposures, and maintain hedging positions in line with company risk policies
- Monitor and manage commodity price hedging programs, including execution, settlement, and mark to market reporting
- Administer debt facilities, including coordinating drawdowns, repayments, interest payments, and preparing covenant compliance certificates
- Maintain and strengthen bank relationships, including negotiating banking fees, credit facilities, and trade finance instruments
- Oversee intercompany funding arrangements, cash pooling structures, and intra group loan documentation
- Ensure timely settlement of treasury related payments, including royalties, petroleum taxes, and NOC obligations
- Prepare treasury reports for senior management, including liquidity dashboards, hedging effectiveness reports, FX exposure summaries, and debt maturity profiles
- Implement and maintain treasury policies, controls, and procedures in line with governance requirements
- Support the Finance Director in financing transactions, refinancing activities, and capital structure management
- Liaise with external auditors on IFRS 9 hedge accounting documentation and financial instrument disclosures
Requirements
- Bachelor's degree in Finance, Accounting, Economics, or related field
- Minimum 5–7 years of experience in treasury, cash management, or financial risk roles
- Direct experience in the oil & gas, energy, or petrochemicals sector is strongly preferred
- Proven hands on experience in cash and liquidity management, bank relationship management, and treasury operations
- Experience managing foreign currency exposures and executing FX transactions in a multi currency environment
- Exposure to commodity price hedging or financial derivatives in an oil & gas or energy context is a significant advantage
- Experience in debt administration — including loan drawdowns, repayments, covenant monitoring, and lender reporting
- Familiarity with reserves based lending (RBL) or project finance debt structures is an advantage
- Experience working with a treasury management system (TMS) is preferred
- ACT qualification (CertT, AMCT, or MCT) is particularly relevant and valued
Full Job Posting
Senior Treasury Officer
- Bachelor's degree in Finance, Accounting, Economics, or related field
- ACT qualification (CertT, AMCT, or MCT) is particularly relevant and valued for this role
Experience
- Minimum 5–7 years of experience in treasury, cash management, or financial risk roles
- Direct experience in the oil & gas, energy, or petrochemicals sector is strongly preferred
- Proven hands on experience in cash and liquidity management, bank relationship management, and treasury operations
- Experience managing foreign currency exposures and executing FX transactions in a multi currency environment
- Exposure to commodity price hedging or financial derivatives in an oil & gas or energy context is a significant advantage
- Experience in debt administration — including loan drawdowns, repayments, covenant monitoring, and lender reporting
- Familiarity with reserves based lending (RBL) or project finance debt structures is an advantage
- Experience working with a treasury management system (TMS) is preferred
- GCC or MENA regional experience is an advantage; familiarity with Qatar Central Bank regulations and the local banking environment is a plus
Industry Knowledge
- Strong understanding of oil & gas cash flow dynamics, including production linked revenues, lifting cost cycles, CAPEX intensive investment phases, and royalty/tax payment obligations
- Knowledge of FX risk management, including natural hedging, forward contracts, FX swaps, and cross currency instruments
- Understanding of commodity hedging instruments such as crude oil futures, swaps, options, and collar structures
- Familiarity with IFRS 9, particularly in relation to financial instruments, hedge accounting, and fair value measurement
- Knowledge of intercompany funding structures, including cash pooling and intra group loan mechanics within multi entity organizations
- Awareness of petroleum fiscal payment obligations such as royalties, petroleum income tax, and government profit oil, along with their treasury timing implications
- Understanding of banking documentation, including facility agreements, security packages, and covenant compliance
- Familiarity with ISDA master agreements and derivative documentation is an added advantage
Core Responsibilities
- Manage daily cash and liquidity positions across all company bank accounts and entities
- Prepare short term and medium term cash flow forecasts aligned with production revenue projections and CAPEX programs
- Execute and settle FX transactions, manage currency exposures, and maintain hedging positions in line with company risk policies
- Monitor and manage commodity price hedging programs, including execution, settlement, and mark to market reporting
- Administer debt facilities, including coordinating drawdowns, repayments, interest payments, and preparing covenant compliance certificates
- Maintain and strengthen bank relationships, including negotiating banking fees, credit facilities, and trade finance instruments
- Oversee intercompany funding arrangements, cash pooling structures, and intra group loan documentation
- Ensure timely settlement of treasury related payments, including royalties, petroleum taxes, and NOC obligations
- Prepare treasury reports for senior management, including liquidity dashboards, hedging effectiveness reports, FX exposure summaries, and debt maturity profiles
- Implement and maintain treasury policies, controls, and procedures in line with governance requirements
- Support the Finance Director in financing transactions, refinancing activities, and capital structure management
- Liaise with external auditors on IFRS 9 hedge accounting documentation and financial instrument disclosures
Key Skills
- Strong technical treasury knowledge, including cash management, FX, derivatives, and debt administration
- Solid understanding of IFRS 9 hedge accounting and financial instrument classification
- Proficiency in treasury management systems (TMS) and ERP treasury modules
- Advanced Excel skills for cash flow modeling, scenario planning, and exposure analysis
- Analytical and detail oriented, with the ability to reconcile positions, identify discrepancies, and resolve issues
- Strong communication skills for managing interactions with banks, lenders, and senior management
- Ability to work under pressure and meet tight treasury deadlines
- Understanding of oil & gas operational cash flow patterns and their impact on treasury planning
- High level of integrity and strict adherence to financial controls due to the sensitive nature of treasury operations
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