SENIOR OFFICER - TREASURY Gulf Air

Ensure that the Company has access to funds it requires from Banks at the best rate and at lower cost. Also to ensure that Gulf Air s financial assets are soundly managed and adequately protected and idle funds minimized, negotiation and control of long and short-term debt.

KEY RESPONSIBILITIES

• Procedures for the safeguarding and efficient use of Gulf Air s financial resources, including authority limits, receipts, payments and cash flow planning and control.

• Repatriating surplus cash from Sales Collections bank accounts.

• Design, implement and maintain each cash management system in order to plan and monitor Gulf Air s multi-currency cash balances.

• Assist in planning and controlling use of the financial assets of Gulf Air according to the policies and procedures of the Company.

• Obtain competitive line of credit be it Overdraft or Letters of Credit.

• Meet the liabilities of the Company as they fall due, including long term and short-term loan repayment and aircraft leases expenses and meet the Headquarters payroll liability.

• Review of multi-currency balances at different locations and supervisors and directs the sales and purchase deals to cover surplus/shortages.

• Ensure that a healthy working relationship exists with Financial Institutions by supplying information and answering queries.

• Assist in preparation of the annual Budget for the Company.

• Assist the External Auditors and Internal Audit as required.

• Exercise effective management of the section s staff in terms of selecting, training, motivating, evaluating and discipline of sub-ordinates in appropriate liaison with personnel function.

• Maintaining and controlling all test keys between GF and its banking correspondence.

• Controlling & posting the daily Treasury required GL entries for payments, receipts, deposits, FX & outstation transfers.

• Reconciling outstation/Treasury suspense & loan accounts every end of month.

EDUCATION / QUALIFICATIONS

Bachelor s degree in Finance, accounting or equivalent.

EXPERIENCE

• Minimum of 2 years of relevant experience

• Some exposure in the Airline industry is desirable.

JOB SPECIFIC SKILLS & ATTRIBUTES

• Fluent in written and spoken English and Arabic.

• Computer Literacy

• Familiar with Reuter/Telerate Information Services and financial markets.