SAP S/4HANA Treasury

Job Description: SAP S/4HANA Treasury – Quality Assurance Consultant Job Title: SAP S/4HANA Treasury – Quality Assurance Consultant Location: Saudi Arabia (Onsite – Phase-wise Deployment) Industry: Oil & Gas / Midstream / Downstream / Petrochemical / Energy Engagement Type: Independent Quality Assurance (QA) Consulting Project Duration: Approximately 24 Months (Phase-wise Engagement) SAP Module: SAP S/4HANA Treasury and Cash Management Experience Required: 10+ Years in SAP Consulting Job Summary We are seeking a highly experienced SAP S/4HANA Treasury Quality Assurance Consultant to support a large-scale SAP S/4HANA implementation program for a leading Oil & Gas organization in Saudi Arabia. The successful candidate will be part of an Independent Quality Assurance (QA) team responsible for reviewing, assessing, and validating the quality, completeness, effectiveness, and compliance of SAP Treasury solutions and implementation deliverables developed by the System Integrator (SI). The role requires extensive functional expertise in SAP S/4HANA Treasury and Risk Management (TRM), Cash and Liquidity Management, Bank Account Management, Financial Risk Management, Hedge Accounting, Trade Finance, and Bank Connectivity. The consultant will independently evaluate treasury solution designs, review integration architectures, assess financial risk management processes, identify implementation risks, validate testing and deployment readiness, and provide recommendations aligned with SAP S/4HANA leading practices and applicable financial reporting standards. The engagement will follow a phase-wise deployment model across an approximately 24-month SAP transformation program, requiring onsite participation in Saudi Arabia during designated project phases. Key Responsibilities 1. SAP S/4HANA Treasury Solution Assurance • Independently review and evaluate SAP S/4HANA Treasury and Risk Management solution designs, configurations, and functional specifications. • Assess end-to-end treasury business processes, including financial transaction management, cash management, liquidity planning, and financial risk management. • Review treasury organizational structures, master data, transaction types, and financial instrument configurations. • Validate treasury solution designs against approved business requirements and operational objectives. • Assess treasury controls, segregation of duties, approval workflows, and transaction monitoring processes. • Identify functional gaps, configuration inconsistencies, implementation risks, and deviations from SAP S/4HANA leading practices. • Recommend improvements to enhance treasury operations, financial transparency, control effectiveness, and operational efficiency. 2. Bank Account Management and Cash Operations • Review SAP Bank Account Management (BAM) design and related governance processes. • Assess bank account creation, modification, approval, authorization, and closure workflows. • Evaluate bank account master data structures, signatory controls, and approval hierarchies. • Validate cash positioning, bank balance visibility, and cash flow monitoring capabilities. • Review bank statement processing, cash reconciliation, and cash management integration. • Assess the accuracy, completeness, and timeliness of cash reporting. • Identify weaknesses in cash visibility, bank account governance, and treasury operational controls. 3. Liquidity Planning and Forecasting • Evaluate SAP S/4HANA Cash and Liquidity Management solution designs. • Review liquidity forecasting methodologies, planning structures, and cash flow classifications. • Assess the integration of forecasted cash flows from Accounts Payable, Accounts Receivable, procurement, sales, and other operational processes. • Validate liquidity planning assumptions, forecasting scenarios, and reporting requirements. • Review cash flow aggregation and liquidity reporting across legal entities, business units, and banking relationships. • Assess the effectiveness of liquidity planning processes in supporting short-term and long-term funding decisions. • Identify potential gaps in forecasting accuracy, cash flow visibility, and reporting controls. 4. Financial Risk Management and Hedge Accounting • Independently assess financial risk management solutions covering foreign exchange and interest rate exposure. • Review treasury deal management processes and financial instrument configurations. • Evaluate foreign currency risk identification, exposure management, and hedging strategies. • Review interest rate derivatives management and related transaction processing. • Assess hedge designation, hedge documentation, hedge effectiveness testing, and hedge accounting designs. • Validate the alignment of hedge accounting processes with applicable IFRS 9 Financial Instruments requirements. • Review valuation methodologies, accounting treatment, and financial reporting integration. • Assess controls surrounding financial risk exposure, valuation, and transaction settlement. • Identify implementation risks that may impact financial reporting accuracy or regulatory compliance. 5. Money Market and Investment Management • Review the design and configuration of money market transactions and investment management processes. • Assess money market mutual fund management requirements and related treasury workflows. • Evaluate investment transaction processing, settlement, valuation, and accounting integration. • Review financial instrument master data and transaction lifecycle controls. • Assess interest calculations, investment income recognition, and reporting requirements. • Validate investment-related reconciliation and financial reporting processes. • Identify potential weaknesses in investment processing, controls, and transaction reporting. 6. Trade Finance and Letters of Credit • Review treasury solution designs supporting trade finance and Letters of Credit (LC). • Assess LC issuance, amendments, utilization, expiry, and settlement processes. • Validate approval workflows, banking documentation, and transaction tracking requirements. • Review integration between trade finance processes and procurement, finance, and treasury operations. • Evaluate accounting entries, bank charges, contingent liabilities, and reporting requirements. • Assess controls related to trade finance transactions and banking commitments. • Identify gaps in trade finance processes and recommend corrective actions. 7. Bank Connectivity and SWIFT Integration • Review and assess bank connectivity architecture and payment communication solutions. • Evaluate treasury workstation integration and bank communication requirements. • Assess SWIFT connectivity, multi-bank communication, and supported payment messaging standards. • Review payment file formats, banking interfaces, inbound and outbound message processing, and acknowledgment procedures. • Validate the design of bank communication channels, authorization mechanisms, and security controls. • Ass

Experience Required: 10+ Years in SAP Consulting

1. SAP S/4HANA Treasury Solution Assurance: Independently review and evaluate SAP S/4HANA Treasury and Risk Management solution designs, configurations, and functional specifications; Assess end-to-end treasury business processes, including financial transaction management, cash management, liquidity planning, and financial risk management; Review treasury organizational structures, master data, transaction types, and financial instrument configurations; Validate treasury solution designs against approved business requirements and operational objectives; Assess treasury controls, segregation of duties, approval workflows, and transaction monitoring processes; Identify functional gaps, configuration inconsistencies, implementation risks, and deviations from SAP S/4HANA leading practices; Recommend improvements to enhance treasury operations, financial transparency, control effectiveness, and operational efficiency. 2. Bank Account Management and Cash Operations: Review BAM design and related governance processes; Assess bank account creation, modification, approval, authorization, and closure workflows; Evaluate bank account master data structures, signatory controls, and approval hierarchies; Validate cash positioning, bank balance visibility, and cash flow monitoring capabilities; Review bank statement processing, cash reconciliation, and cash management integration; Assess accuracy, completeness, and timeliness of cash reporting; Identify weaknesses in cash visibility, bank account governance, and treasury operational controls. 3. Liquidity Planning and Forecasting: Evaluate SAP S/4HANA Cash and Liquidity Management solution designs; Review liquidity forecasting methodologies, planning structures, and cash flow classifications; Assess integration of forecasted cash flows from Accounts Payable, Accounts Receivable, procurement, sales, and other operational processes; Validate liquidity planning assumptions, forecasting scenarios, and reporting requirements; Review cash flow aggregation and liquidity reporting across legal entities, business units, and banking relationships; Assess effectiveness of liquidity planning processes in supporting funding decisions; Identify potential gaps in forecasting accuracy, cash flow visibility, and reporting controls. 4. Financial Risk Management and Hedge Accounting: Independently assess financial risk management solutions covering FX and interest rate exposure; Review treasury deal management processes and financial instrument configurations; Evaluate FX risk identification, exposure management, and hedging strategies; Review interest rate derivatives management and related transaction processing; Assess hedge designation, documentation, testing, and accounting designs; Validate alignment with IFRS 9; Review valuation methodologies, accounting treatment, and reporting integration; Assess controls surrounding risk exposure, valuation, and settlement; Identify implementation risks affecting reporting or regulatory compliance. 5. Money Market and Investment Management: Review design and configuration of money market transactions and investment management; Assess money market mutual fund management requirements and treasury workflows; Evaluate investment processing, settlement, valuation, and accounting integration; Review instrument master data and lifecycle controls; Assess interest calculations, investment income recognition, and reporting; Validate reconciliation and reporting; Identify weaknesses in investment processing and reporting. 6. Trade Finance and Letters of Credit: Review designs supporting trade finance and LC; Assess LC issuance, amendments, utilization, expiry, and settlement; Validate workflows, documentation, and tracking; Review integration with procurement, finance, and treasury; Evaluate accounting entries, charges, liabilities, and reporting; Assess controls and identify gaps. 7. Bank Connectivity and SWIFT Integration: Review bank connectivity architecture and payment communication; Evaluate treasury workstation integration and bank interfaces; Assess SWIFT connectivity and multi-bank messaging; Review payment formats, interfaces, and message processing; Validate security controls and authorization. 8. Project/Engagement Details: Onsite participation in Saudi Arabia during designated phases; Phase-wise deployment over ~24 months; Independent QA role overseeing SI deliverables.