OQ8 - Team Leader, Treasury

Treasury

• Monitoring cash functions, including cash positioning, cash reporting and forecasting, short-term investing and borrowing, wire payments, fraud prevention, FX management and hedging, bank account setup and maintenance, bank relationship management, liquidity management, foreign currency exposure and foreign currency payments.
• Financial reporting requirements such as finance loan, cost report, and monitoring debts drawdown, equity cash call, debt repayment and interest payment. This includes the execution of a timely/accurate reporting of cash flow reports required by the Chief Financial Officer for review of fund position.
• Preparing & monitoring all OQ8 Finance Debt Cost Budget & Interest cost management.
• Ensure all debt and capital related transactions are completed in a timely and accurate manner (e.g., equity cash calls, debt drawdowns, principal payments, interest payments, fees related to facilities
• Administration of the treasury operations and transaction in respect of cash and the management of all OQ8 bank accounts,
• Lead the execution of FX currency transactions.
• Place fixed deposits.
• Ensures timely availability of funding to cover all OQ8’s obligation.
• Ensure funds received from lenders and owners are on timely basis.
• Excess funds deposited in the interest earning account on timely basis (e.g., usage of overnight clearing account)
• Support Manager in finding optimal solutions for applications of available funds.
• coordinate payment and receiving of fund transactions with stakeholders,
• Coordinate with departments to ensure that complete and accurate information is received for the cash flow forecasting reports in order to ensure the availability of funds to cover all obligations with no delay and no shortfall while securing the timely and accurate generation of all the required reports. 
• Responsible for Loan Agreements end to end process (fund and finance position in the banks, negotiation of charges for all banking services, Interest Charges & Review the settlement).

Planning & Forecasting

• Gathers, interprets, and uses complex data to develop financial models that will improve Treasury processes and optimize results.
• Executes financial models for OQ8 projects as part of Capital Planning Five-year forecast during the annual Business Planning Cycle.
• Develops various financial scenarios for all units based on several variables, including business structure, feedstock and product prices, technologies, product premium per segment, CAPEX, and OPEX.
• Interprets these scenarios and their impact on project returns into commercial terms to support optimization of business decisions.
• Analyses and presents key results of financial analyses to OQ8 team and decision-makers in a clear manner.
• Identifies critical elements to maximize project returns and optimize business risks in these transactions.
• Develop, maintain, and report the medium-to-long term 5-year finance strategy for Treasury.
• Develop cash flow forecasts for EPC Contractor, progress payments, loan repayments and other major contractor payment commitments on periodic basis.
• Monitor and report the actual spend against the annual business plan and the forecast highlighting variances.
• Manages and estimate foreign currency bookings (primarily forward and spot deals), financial guarantees, LC opening based on commitments.
• Coordinating Due Diligence of Debt structure & interacting with financial advisor to prepare Funding.
• Coordinating with Snr Financial Analyst to prepare / support OQ8 Financial Model for financing strategies purpose.
• Coordinating to develop Treasury Policy & procedure.
• Highlight medium to long term view of the financial position of the company and work with the Manager of Treasury to present key financial considerations and solution options.
• Structure financing solutions for existing borrowings and new funding needs whilst ensuring structures are following OQ8 Refinery strategy and existing terms and conditions.

Financial Planning and Reporting

• Leads finance Refinery value project initiatives and cost optimization program.
• Participates in budgeting for departments and projects.
• Supports the team in data collection from major focal points in the businesses.
• Develops Monthly Latest Estimate on Capex Actual expenditure and performs Variance analysis against Annual Approved budget.
• Prepares Capital Planning reports for internal and external stakeholders.
• Prepares Consolidated Financials (Income Statement, Balance Sheet, and Cash Flow Statements) for the five-year planning cycle using the tools and models in hand.
• Reviews and analyzes Financial Statements to ensure accuracy and completeness.
• Reports progress against plan and milestones.

Insurance

• Obtains contracts, work orders, and certificates of insurance to verify coverage by contractors and insurance carriers.
• Filing and overseeing projects related to retention requirements.
• Filling Data Entry of claims and legal payments in the System.
• Initiate the process settlement payments for claimants’ payments for the Claims Department
• Enters and sets up new claims/case files with high degree of efficiency.
• Indexes claims/cases using the system & database.
• Send out acknowledgment letters on new claims.
• Investigates contractor claims, researches, and gathers information using work order scheduling history and computer data systems.
• Develop knowledge of relevant claims databases to create and produce reports as requested.
• Effectively coordinates with Claims team in assigned tasks.
• Monitors contractors claim handling through resolution and evaluate and negotiates the settlement