Treasury Accountant | Al Saqer Property Management

Al Saqer Property Management (ASPM)

ASPM is a real estate arm of United AlSaqer Group L.L.C. ASPM manage and lease properties in the emirates of Abu Dhabi, Al Ain, Dubai and Overseas. Our development projects continue to provide quality residential, commercial and retail space at affordable prices which appeal to a broad range of customers.

Job Summary:

The Treasury Accountant is responsible for managing and monitoring the company’s cash flow, banking transactions, and treasury operations within the Property Management division. The role ensures efficient utilization of funds, accurate financial recording, timely execution of payments, and compliance with internal controls and banking regulations. The Treasury Accountant works closely with the Accounts Manager and Finance team to maintain liquidity, support financial planning, and optimize cash management for ongoing operational and project needs.

AREA OF RESPONSIBILITY & BRIEF DESCRIPTION OF ACTIVITIES:

Cash Flow Management

• Monitor and manage daily cash balances to ensure adequate liquidity for operational and project expenses.

• Prepare weekly and monthly cash flow forecasts in coordination with the Accounts Manager.

• Track inflows and outflows of funds, ensuring alignment with budgeted projections.

Banking Operations

• Handle all banking transactions including fund transfers, deposits, withdrawals, and bank reconciliations.

• Prepare payment instructions, ensure proper authorization, and maintain transaction accuracy.

• Liaise with banks regarding account management, signatory updates, and financial correspondence.

Payment & Fund Management

• Coordinate with the Accounts Payable team to plan and prioritize vendor and supplier payments.

• Manage intercompany fund transfers and ensure timely settlement of financial obligations.

• Record and monitor all treasury-related journal entries in the accounting system.

Reconciliation & Reporting

• Perform regular bank reconciliations and resolve discrepancies promptly.

• Prepare treasury reports including daily bank positions, cash movement summaries, and fund utilization reports.

• Support month-end and year-end financial closings related to treasury activities.

Compliance & Internal Controls

• Ensure adherence to internal financial policies, authorization limits, and control procedures.

• Maintain compliance with company and banking regulatory requirements.

• Support internal and external audits by providing necessary treasury documentation

Financial Coordination & Support

• Collaborate with the Accounts Receivable team for timely deposit of collections and customer receipts.

• Support the finance department in preparing forecasts and financial plans.

• Identify opportunities for improving cash flow efficiency and minimizing banking charges.