Treasury & Payables Officer
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Key skills for this role
About the Role
Manage treasury operations, supplier payments, and trade finance activities while ensuring compliance and utilizing SAP ERP for reporting and transactions.
Key Skills for This Role
Full Job Posting
Overview
The Treasury & Payables Officer is responsible for managing treasury operations, supplier payments, banking transactions, and trade finance activities including Letters of Credit (LCs) and Bank Guarantees (BGs).
The role also supports cash flow management, banking facility monitoring, and accounts payable operations while ensuring compliance with company policies and banking requirements.
Experience
in SAP ERP is highly preferred.
Treasury Operations
- Monitor daily bank balances and cash positions
- Prepare cash flow forecasts and liquidity reports
- Process local and international bank transfers
- Coordinate with banks regarding operational banking matters and facilities
- Monitor utilization of banking facilities including overdrafts, LCs, BGs, and trade finance lines
- Prepare treasury-related reports for management review
- Support bank reconciliations and month-end closing activities
Accounts Payable
- Review supplier invoices and supporting documentation
- Process supplier payments in accordance with company policies and payment terms
- Prepare payment proposals and payment schedules through SAP
- Reconcile supplier statements and resolve discrepancies
- Coordinate with procurement and operational departments on invoice and payment matters
- Maintain accurate AP aging and ensure timely settlement of liabilities
Letters of Credit (LC) & Trade Finance
- Handle issuance, amendment, and closure of Letters of Credit
- Review LC terms and ensure compliance with contractual and banking requirements
- Coordinate with suppliers, logistics teams, and banks regarding shipping and trade documents
- Track LC expiry dates, utilization, and documentation status
- Ensure compliance with international trade finance practices and UCP regulations
Bank Guarantees (BG)
- Process issuance, amendment, renewal, and cancellation of Bank Guarantees
- Maintain updated schedules for BG validity and expiry tracking
- Coordinate with project teams and banks regarding guarantee requirements
- Monitor related bank charges and commissions
SAP & Reporting
- Utilize SAP ERP for accounts payable, treasury transactions, vendor management, and reporting
- Ensure proper system documentation and transaction recording
- Support process improvement and automation initiatives within SAP
- Assist during internal and external audits by providing required reports and supporting documents
& Experience
- Bachelor’s degree in Finance, Accounting, or related field
- 3–6 years of experience in treasury, accounts payable, and trade finance operations
- Strong experience in handling LCs, BGs, and banking transactions
- Hands-on experience with SAP ERP is highly preferred
- Experience in UAE banking operations and corporate finance environment is an advantage
- Strong proficiency in Microsoft Excel and financial reporting
& Competencies
- Strong understanding of treasury and banking operations
- Knowledge of trade finance documentation and procedures
- High attention to detail and accuracy
- Good communication and coordination skills
- Ability to manage deadlines and work under pressure
- Strong analytical and problem-solving abilities
Preferred Industry Background
- System Integration
- Engineering
- Contracting
- Technology
- Trading
- Construction Companies
KPI Examples
- Timely supplier payment processing
- Accuracy of cash flow forecasts
- Zero missed LC/BG renewals or expiries
- Accurate AP aging management
- Compliance with treasury controls and audit requirements
- Efficient SAP transaction processing and reporting
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