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: • 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” • 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. • 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. • 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. • Financial Reporting: • Prepare regular financial reports on cash positions, bank balances, and payment activities. • Provide timely and accurate financial information to management. • 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. • Confidentiality: • Maintain strict confidentiality of bank balances, payment information, company documents and other sensitive financial data. Requirements: • Education: Must have a Bachelor’s degree in Accounting or Finance, ACCA or CA qualifications are advantageous • Work Experience: Minimum 1 - 2 years of UAE experience in a similar role, ideally within the hospitality industry Who are we? Established in 2011, Fundamental Hospitality is a UAE born company that unifies the regions leading lifestyle concepts. As an international ecosystem of hospitality brands, the group develops elevated, home-grown concepts that showcase the quality and innovation of the region, whilst exporting them to key cosmopolitan cities around the world. Fundamental Hospitality delivers lifestyle brands reimagined, where a creative approach to concept development leads to a dynamic experience in each and every venue. The group has played a fundamental role in the expansion of brands from the UAE to the world, where we understand the essential elements needed to execute experience driven lifestyle concepts on an international scale. The collection of brands within the portfolio include globally acclaimed concepts Gaia, Shanghai Me, Alaya, La Maison Ani, Piatti and Izu Burger, as well as international franchises, Scalini Dubai, Scalini Riyadh, Cipriani Dubai, and Cipriani Dolci UAE. Fundamental Hospitality owns and operates venues across the Middle East and Europe, with ongoing expansion of the group’s concepts into the GCC, Europe, UK, and USA. Dubai will further see the launch of new home grown concepts as Fundamental Hospitality continues to cement itself as the leading innovator in the hospitality industry. Website: http://www.fundamentalhospitality.com Show more Show less

Education: Must have a Bachelor’s degree in Accounting or Finance, ACCA or CA qualifications are advantageous. Work Experience: Minimum 1 - 2 years of UAE experience in a similar role, ideally within the hospitality industry.

Key Responsibilities: 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”. 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. 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. 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. Financial Reporting: Prepare regular financial reports on cash positions, bank balances, and payment activities. Provide timely and accurate financial information to management. 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. Confidentiality: Maintain strict confidentiality of bank balances, payment information, company documents and other sensitive financial data.