Ref: MP532-01

Job description / Role

Employment: Full Time

The Head of Treasury will be responsible for overseeing the Treasury activities across QM, ensuring that business objectives and strategy are reflected in processes and that related services are delivered in a professional and proactive manner. The incumbent will lead in a proactive and prudent fashion QM’s Treasury function by managing liquidity, cash flow forecasts, cash flow positioning, and ensuring appropriate tax filing.

Common Responsibilities
- Contribute towards the formulation of strategy, annual business plans, policies and procedures of the department, to support divisional and organizational business strategy.
- Maintain highest standards of professional conduct, ethics and integrity in the provision of services in the Department.
- Assist the Finance Director in overseeing the implementation of procedures and controls in the Department.
- Assist the Finance Director in meeting set targets and objectives as well as the financial performance of the Treasury function.
- Stay abreast of the latest applicable finance and accounting leading practices.
- Ensure to ensure accuracy of tax records.
- Supervise the preparation and generation of reports relevant to Treasury and Tax.
- Provide timely and accurate information to the external and internal auditors as and when required.
- Build and maintain strong and effective relationship with all other related units to achieve the Department’s goals/objectives.
- Uphold highest professionalism and integrity in delivering services to internal and external Finance Customers. Proactively seek customer satisfaction in the processing of requests with a sense of care-taking and urgency.
- Keep the Finance Director informed of significant Treasury and Tax related issues that may jeopardize the achievement of QM’s goals.
- Allocate work to employees, conduct performance reviews and manage leave and overtime to ensure efficiency.
- Supervise direct reports in their day-to-day tasks and guide them in managing their performance by providing appropriate feedback and counseling. Provide recommendations for the Finance Director on hiring and promotions.
- Ensure high standards of confidentiality to safeguard commercially sensitive information.

Specific Responsibilities

Cash Forecast Responsibilities:
- Review the Monthly Cash Forecasts, and liaise with the Heads of Sub-Ledger functions to ensure accuracy of reports. Coordinate with Accountant/Senior Accountant–Treasury to perform required amendments, if any.
- Finalize the Cash Forecasts and recommend for the review of the Finance Director.
- Review and recommend preventative/corrective actions for the approval of the Finance Director based on the Monthly Variance Reports - Cash Forecast vs. Actual.

Cash Position Responsibilities:
- Review Cash Position Reports and coordinate with Senior Accountant–Treasury to perform required amendments, if any. Submit the Cash Position Monitoring Reports to the Finance Director for review and the provision of directives.

Other Treasury Responsibilities:
- Assume responsibility for QM’s balance sheet management by focusing on asset-liability management, liquidity management, rate management and foreign exchange management.
- Oversee compliance with treasury requirements as required by the government.
- Overall responsibility for banking operations (opening/closing/account management)
- Plan short and long-term finance for QM and study the financial consequences of internal and external commercial decisions

Tax
- Assist the Finance Director in monitoring tax legislative, including pertinent accounting and regulatory developments.
- Ensure QM’s adherence to all national tax laws and applicable international tax laws.
- Responsible for reviewing complex tax calculations.
- Review all transactions with respect to tax filings and tax entities (whenever applicable).
- Ensure the accurate preparation of tax payments schedule in accordance with the tax calendar.
- Ensure the preparation of all corporate tax compliance and reporting requirements, ensuring that all requirements are complied with on a timely basis, and any necessary follow up actions are done.
- Act as a focal point with local and international Tax Consultants. Moreover, provide tax structuring advice to QM’s business plans and operations.
- Review complex tax structuring and address queries whenever applicable.

Requirements

- Sound knowledge of ERP with emphasis on AP & AR modules
- Expertise in AP & AR best industry practices
- Knowledge of accounting standards
- Team Management skills
- Masters Degree in Business Administration or Finance from a recognized university.
- Internationally recognized professional accounting qualification is required:
- Association of Chartered Certified Accountants (ACCA)
- Chartered Accountant (CA)
- Certified Institute of Management Accountants (CIMA)
- Certified Public Accountant (CPA)
- Certified Management Accountant (CMA)
- Chartered Financial Analyst (CFA)
- Or other internationally acknowledged equivalent qualification
- About 5-7 years of post qualification related experience of which a minimum of 2-3 years should be in a similar position / responsibility.

About the Company

The Qatar Museums, is in charge with the oversight and development of the national system of museums for the State of Qatar.

The QM was created in December 2005 to combine the resources of all museums in the country and to further develop their capacity for collection and preservation of historic objects.

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