Treasury Officer

Role Overview

Take charge of daily treasury operations and banking activities within a multi-entity group. Manage payment cycles, oversee cash positions in various currencies, maintain banking relationships and financial facilities, and ensure treasury records are accurate, comprehensive, and audit-ready.

About the Organization

Petenco is an independent advisory and investment partnership that operates throughout the energy and chemical sectors, including renewables, power, refining, petrochemicals, and storage terminals. We blend board-level advice with execution capabilities, guiding assets from concept through operational stages with disciplined governance, strategy implementation, and capital project supervision.

Key Responsibilities

• Process payments—including transfers, telegraphic transfers, cheques, and standing instructions—with precision and punctuality, verifying all supporting documents, approvals, and coding according to the payment authority matrix; manage weekly payment cycles and payroll disbursements through WPS.
• Continuously monitor daily cash and bank balances across all accounts, entities, and currencies; prepare cash position summaries and rolling short-term forecasts; oversee petty cash and intercompany transfers; promptly identify cash shortages or excesses.
• Serve as the everyday point of contact with banking partners, handling account openings across jurisdictions including KYC compliance, managing online banking systems, authorization mandates, and signatory records; review and confirm bank fees for accuracy.
• Manage credit facilities such as overdrafts and working capital lines; handle trade finance instruments like letters of credit, bank guarantees, and performance bonds from application to release, maintaining a detailed register with timely expiration alerts.
• Monitor exposure to currency fluctuations, secure and compare exchange rates from banking institutions, conduct approved currency conversions at optimal rates; assist in managing hedging arrangements and project financing paperwork.
• Assist with bank reconciliations and treasury reporting; guarantee strict compliance with internal controls, approval limits, and document trails; maintain rigorous scrutiny over payment authorizations and beneficiary updates, escalating anomalies immediately.

Required Qualifications and Experience

• Bachelor’s degree in Finance, Accounting, Commerce, or similar discipline.
• Between 5 and 10 years of relevant experience in treasury, banking operations, cash management, or financial operations, with a minimum of 3 years specifically in treasury or cash management roles.
• Practical knowledge of UAE banking operations including account setup, KYC documentation, digital banking platforms, and WPS payroll systems.
• Advanced skills in Microsoft Excel to develop and maintain cash forecasts, tracking tools, and reconciliation schedules.
• Thorough understanding of internal control systems, payment approval frameworks, segregation of duties, and audit compliance; fluent professional English communication skills.

Desirable Skills and Experience

• Familiarity with trade finance products such as letters of credit and bank guarantees.
• Experience handling operations across various legal entities, currencies, and geographic regions.
• Background in project-based sectors including EPC, engineering, construction, infrastructure, energy, or industrial projects.
• Progress towards or completion of professional certifications like CMA, ACCA, CPA, or certified treasury qualifications.
• Experience with ERP systems such as SAP, Oracle, or Microsoft Dynamics.
• Ability to communicate in Arabic.

Work Location and Conditions

This position is based in Dubai, UAE and requires full-time on-site presence.

Why Join Petenco

Step into a critical treasury role managing operations across multiple entities and jurisdictions with direct oversight from the Senior Finance Manager. This opportunity offers comprehensive exposure to payments, cash management, banking relations, trade and project finance administration within a disciplined and execution-driven environment.