OQ Exploration and Production SAOG
TR/080758
Posted: 27/01/2026
We have a current opportunity for a Principle - Treasury on a temporary basis. The position will be based in Muscat. For further information about this position please apply.
Position Tittle: Principle - Treasury
Location : Oman – Muscat
Nationality: Any national but preferred Omani
Contract duration 2 Years
Job purpose
Overseeing the organization’s treasury functions, including financial affairs, investments, liquidity, audits, and risk management. Ensuring adequate capital availability, maintaining accurate funding records, and driving continuous improvement for sustainable business growth within accepted accounting practices.
The position will act according to company mission, vision, values, policies, and guidelines, supported by an IT technology platform, HSE standards, the Oman government, and other legal justifications and best international practices aligned with national objectives.
Experience and background
+ 10 years of experience in treasury, cash forecasts and cash flow analyses, investment portfolio strategy banking, and financial instruments, obtaining financing and general knowledge of accounting standards and SEC reporting in the oil and gas sectors.
Main tasks and responsibilities
Foster a culture of continuous learning and development among team members.
Advise on optimal capital structure which can cater for raising debts to fund the growth plan of the orginaztion.
Lead in obtaining Islamic financing for the company's future capital expenditure plans.
Ensure alignment of the overall company funding strategy with policies and procedures, optimizing the use of debt capacity.
Assist in obtaining Sharia-compliant derivatives to align treasury activities with company guidelines.
Stay abreast of developments in the finance market and be updated of latest financial and economic news in the region.
Oversee cash positioning, initiate treasury payments, and execute foreign exchange currency transactions.
Oversee negotiations with banks for fund placement and provide monthly performance reports.
Implement optimal working capital management strategies aligned with industry practices.
Monitor and analyze cash flow forecast reports, contributing to the long-term funding strategy.
Support in reporting to regulatory, contractual, and informational stakeholders.
Prepare and submit treasury reports regularly to committees, the Board of Directors, shareholders, and other ad-hoc requirements.
Monitor and maintain the company's treasury risk register and provide recommendations for mitigating and managing identified risks.
Oversee treasury-specific GL accounts and maintain financial records and Liaise with the Finance Control Team for timely and accurate reporting of the treasury trial balance and disclosures.
Ensure continuous monitoring of the company's Sharia-compliant position as per MSX and AAOIFI rules.
Follow established processes to ensure accurate and complete assessment and review of bank credit and support in establishing a standardized procedure to complete the assessment to provide prompt feedback on the credit worthiness of the counterparty.
Collaborate effectively with colleagues from other departments to achieve department objectives and performance metrics.
Identify opportunities to standardize processes and drive efficiencies.
Respond promptly to queries from lenders, stakeholders, tax, and audit inquiries.
Fulfill job duties in accordance with sound safety practices.
Perform other related duties as assigned.
Provide strategic and technical expertise in funding, capital structure, and financing to optimize cost of capital and support future growth projects
Develop integrated medium- and long-term funding plan and financing strategy, including evaluation of instruments. Capital Structure & Cost Optimization, Analyze current capital structure and recommend refinancing or renegotiation options to reduce costs and improve shareholder value. - Fundraising & Evaluation – Support fundraising processes and assess financing solutions tailored for hydrogen, CCUS, and other renewable projects. Advisory Support – Provide specialist input on treasury and other strategic finance assignments requiring advanced expertise such as dividends, share buybacks, liquidity service providers, and long-term strategic blueprint for the company (Ruya Project).
Provide support for strategic partnering, commercial structuring, and stakeholder engagement to mature and secure competitive and bankable agreements with project developers and investors for our potential new growth opportunities: - Strategic Partnering & Commercial Readiness, support engagement and negotiation with developers, investors, banks, regulators, external consultants & advisors, and industry partners to secure favorable commercial terms and ensure commercial viability for company. Corporate & Project Structuring, craft corporate, funding instrument and ownership structures, including liquidity support or hybrid mechanisms, to manage risk and complexity. Financial Modeling, Structure and review financing models for large-scale infrastructure and energy projects. - M&A and New Ventures, Explore and execute M&A opportunities, joint ventures, and new ventures across hydrogen, CCUS, and other molecules. Advisory Support, Provide guidance on diversification strategies, business structuring, and alignment with international best practices on various business development initiatives. Furthermore, recruiting an experienced expatriate advisor will accelerate knowledge transfer, introduce global best practices, and support the structured development of local talent within the finance & BD fun
Cash Flow Oversight
Oversee the organization’s cash flow to ensure adequate funding for short-term and long-term needs.
Oversee daily cash requirements, and balances, and execute financing decisions.
Ensure effective cash flow for operational purposes.
Ensure adequate liquidity available to fund company operation as per the business plans.
Investment Management
Manage negotiations with banks for access fund placement
Implement optimal working capital management strategies aligned with industry practices.
Credit and Risk Management
Maintain credit rating agency relationships.
Assess the impact of late payments and limited cash flow on equity, debt financing, and investments.
Oversee Enterprise Risk Management
Ensure continuous monitoring of the company's Sharia-compliant position as per MSX and AAOIFI rules.
Relationships and Negotiations
Maintain positive relationships with credit agencies, bankers, and investors.
Evaluate overdrafts, loans, and financing options.
Key interactions
Working Conditions
Primarily office-based, occasional travel, and sporadic visits to the operation site.
Education requirements
Master’s degree or bachelor’s or equivalent.
Language
Preferable English and Arabic.
Principles:
Strategic Alignment: Ensure that every action and decision will support the organization's long-term goals and objectives.
Transparency in Responsibility: Ability to create clear reporting systems to enhance operational efficiency and overall effectiveness.
Continuous Improvement: Foster a culture of innovation and learning to adapt and grow in a changing environment.
Sustainability: Ability to meet the current business needs by compromising skills with the future generations' needs, balancing environmental, social, and economic concerns within the organization’s communities.
Diversity and Inclusion: Foster diversity within the workforce and promote an inclusive culture by engaging with a broad array of perspectives and talents.
Stakeholder Engagement: Actively involve and communicate with stakeholders to build trust and maintain strong relationships.
Our role in supporting diversity and inclusion
As an international workforce business, we are committed to sourcing personnel that reflects the diversity and values of our client base but also that of Orion Group. We welcome the wide range of experiences and viewpoints that potential workers bring to our business and our clients, including those based on nationality, gender, culture, educational and professional backgrounds, race, ethnicity, sexual orientation, gender identity and expression, disability, and age differences, job classification and religion. In our inclusive workplace, regardless of your employment status as staff or contract, everyone is assured the right of equitable, fair and respectful treatment.
- Competitive
- Oman
- Contract
We have a current opportunity for a Principle - Treasury on a temporary basis. The position will be based in Muscat. For further information about this position please apply.
Position Tittle: Principle - Treasury
Location : Oman – Muscat
Nationality: Any national but preferred Omani
Contract duration 2 Years
Job purpose
Overseeing the organization’s treasury functions, including financial affairs, investments, liquidity, audits, and risk management. Ensuring adequate capital availability, maintaining accurate funding records, and driving continuous improvement for sustainable business growth within accepted accounting practices.
The position will act according to company mission, vision, values, policies, and guidelines, supported by an IT technology platform, HSE standards, the Oman government, and other legal justifications and best international practices aligned with national objectives.
Experience and background
+ 10 years of experience in treasury, cash forecasts and cash flow analyses, investment portfolio strategy banking, and financial instruments, obtaining financing and general knowledge of accounting standards and SEC reporting in the oil and gas sectors.
Main tasks and responsibilities
Foster a culture of continuous learning and development among team members.
Advise on optimal capital structure which can cater for raising debts to fund the growth plan of the orginaztion.
Lead in obtaining Islamic financing for the company's future capital expenditure plans.
Ensure alignment of the overall company funding strategy with policies and procedures, optimizing the use of debt capacity.
Assist in obtaining Sharia-compliant derivatives to align treasury activities with company guidelines.
Stay abreast of developments in the finance market and be updated of latest financial and economic news in the region.
Oversee cash positioning, initiate treasury payments, and execute foreign exchange currency transactions.
Oversee negotiations with banks for fund placement and provide monthly performance reports.
Implement optimal working capital management strategies aligned with industry practices.
Monitor and analyze cash flow forecast reports, contributing to the long-term funding strategy.
Support in reporting to regulatory, contractual, and informational stakeholders.
Prepare and submit treasury reports regularly to committees, the Board of Directors, shareholders, and other ad-hoc requirements.
Monitor and maintain the company's treasury risk register and provide recommendations for mitigating and managing identified risks.
Oversee treasury-specific GL accounts and maintain financial records and Liaise with the Finance Control Team for timely and accurate reporting of the treasury trial balance and disclosures.
Ensure continuous monitoring of the company's Sharia-compliant position as per MSX and AAOIFI rules.
Follow established processes to ensure accurate and complete assessment and review of bank credit and support in establishing a standardized procedure to complete the assessment to provide prompt feedback on the credit worthiness of the counterparty.
Collaborate effectively with colleagues from other departments to achieve department objectives and performance metrics.
Identify opportunities to standardize processes and drive efficiencies.
Respond promptly to queries from lenders, stakeholders, tax, and audit inquiries.
Fulfill job duties in accordance with sound safety practices.
Perform other related duties as assigned.
Provide strategic and technical expertise in funding, capital structure, and financing to optimize cost of capital and support future growth projects
Develop integrated medium- and long-term funding plan and financing strategy, including evaluation of instruments. Capital Structure & Cost Optimization, Analyze current capital structure and recommend refinancing or renegotiation options to reduce costs and improve shareholder value. - Fundraising & Evaluation – Support fundraising processes and assess financing solutions tailored for hydrogen, CCUS, and other renewable projects. Advisory Support – Provide specialist input on treasury and other strategic finance assignments requiring advanced expertise such as dividends, share buybacks, liquidity service providers, and long-term strategic blueprint for the company (Ruya Project).
Provide support for strategic partnering, commercial structuring, and stakeholder engagement to mature and secure competitive and bankable agreements with project developers and investors for our potential new growth opportunities: - Strategic Partnering & Commercial Readiness, support engagement and negotiation with developers, investors, banks, regulators, external consultants & advisors, and industry partners to secure favorable commercial terms and ensure commercial viability for company. Corporate & Project Structuring, craft corporate, funding instrument and ownership structures, including liquidity support or hybrid mechanisms, to manage risk and complexity. Financial Modeling, Structure and review financing models for large-scale infrastructure and energy projects. - M&A and New Ventures, Explore and execute M&A opportunities, joint ventures, and new ventures across hydrogen, CCUS, and other molecules. Advisory Support, Provide guidance on diversification strategies, business structuring, and alignment with international best practices on various business development initiatives. Furthermore, recruiting an experienced expatriate advisor will accelerate knowledge transfer, introduce global best practices, and support the structured development of local talent within the finance & BD fun
Cash Flow Oversight
Oversee the organization’s cash flow to ensure adequate funding for short-term and long-term needs.
Oversee daily cash requirements, and balances, and execute financing decisions.
Ensure effective cash flow for operational purposes.
Ensure adequate liquidity available to fund company operation as per the business plans.
Investment Management
Manage negotiations with banks for access fund placement
Implement optimal working capital management strategies aligned with industry practices.
Credit and Risk Management
Maintain credit rating agency relationships.
Assess the impact of late payments and limited cash flow on equity, debt financing, and investments.
Oversee Enterprise Risk Management
Ensure continuous monitoring of the company's Sharia-compliant position as per MSX and AAOIFI rules.
Relationships and Negotiations
Maintain positive relationships with credit agencies, bankers, and investors.
Evaluate overdrafts, loans, and financing options.
Key interactions
- Internal: Gas Network
Working Conditions
Primarily office-based, occasional travel, and sporadic visits to the operation site.
Education requirements
Master’s degree or bachelor’s or equivalent.
Language
Preferable English and Arabic.
Principles:
Strategic Alignment: Ensure that every action and decision will support the organization's long-term goals and objectives.
Transparency in Responsibility: Ability to create clear reporting systems to enhance operational efficiency and overall effectiveness.
Continuous Improvement: Foster a culture of innovation and learning to adapt and grow in a changing environment.
Sustainability: Ability to meet the current business needs by compromising skills with the future generations' needs, balancing environmental, social, and economic concerns within the organization’s communities.
Diversity and Inclusion: Foster diversity within the workforce and promote an inclusive culture by engaging with a broad array of perspectives and talents.
Stakeholder Engagement: Actively involve and communicate with stakeholders to build trust and maintain strong relationships.
Our role in supporting diversity and inclusion
As an international workforce business, we are committed to sourcing personnel that reflects the diversity and values of our client base but also that of Orion Group. We welcome the wide range of experiences and viewpoints that potential workers bring to our business and our clients, including those based on nationality, gender, culture, educational and professional backgrounds, race, ethnicity, sexual orientation, gender identity and expression, disability, and age differences, job classification and religion. In our inclusive workplace, regardless of your employment status as staff or contract, everyone is assured the right of equitable, fair and respectful treatment.
Megha Koshy
Senior Recruitment Consultant
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Recruitment