Treasury Accountant - Head Office

Fundamental Hospitality is looking to hire an experienced Treasury Accountant to join our team at our Head Office in DIFC, Dubai.

This is a junior-level role suited to a finance professional looking to develop their expertise in treasury operations, cash flow management, payment processing, and banking activities. The role requires strong attention to detail, a solid understanding of financial principles, and the ability to work efficiently under pressure.

Key Responsibilities:

1.Payments Processing:

• Process all domestic and international payments, ensuring timely and accurate execution.
• Verify payment requests against approved documentation and authorization limits.
• Maintain accurate records of all payment transactions.
• Verify the bank details with supplier as per the “supplier verification policy mention in the SOP”

2.Petty Cash / Company Card:

• Company card should be funded based on the requirements of the operations.
• Responsible for all the head office DXB petty cash management and reconciliation.

3.Cash Flow Management:

• Prepare daily, weekly, and monthly cash flow forecasts.
• Monitor cash balances and optimize liquidity.
• Maintain post-dated cheques register.
• Identify potential cash shortages or surpluses and take proactive measures.
• Manage bank relationships and negotiate favourable terms.

4.Bank KYC and Relationship Management:

• Maintain updated Know Your Customer (KYC) documentation for all bank accounts.
• Coordinate with relationship managers to resolve any banking issues or inquiries.
• Ensure compliance with regulatory requirements and internal policies.

5.Financial Reporting:

• Prepare regular financial reports on cash positions, bank balances, and payment activities.
• Provide timely and accurate financial information to management.

6.Risk Management:

• Identify and assess potential financial risks, such as fraud and operational risks.
• Implement controls to mitigate risks and protect the company's assets.

7.Confidentiality:

• Maintain strict confidentiality of bank balances, payment information, company documents and other sensitive financial data.