Zain is a leading mobile telecommunications provider in the Middle East and North Africa. Zain began life in 1983 in Kuwait, as Mobile Telecommunications Company (MTC), the region’s first mobile operator, and commencing with the initiation of our expansion strategy in 2003, we grew rapidly in both the Middle East and Africa through the acquisition of several mobile operators across the region.

In September 2007, MTC rebranded to Zain in order to better reflect our growing status as a leading multi-national mobile service provider with global aspirations. Zain was thus adopted as the Group’s corporate master brand. The Zain brand is at the heart of everything we do. It is a promise to our customers, it defines our vision and drives our focus within the company. Our brand was valued at over $2.4 billion by the Brand Finance Middle East Top 50 Brands annual report for 2021 that also ranked Zain as the second most powerful home-grown brand in the region with a brand rating of AA+.

In 2008 we became the 4th largest mobile operator in the world in terms of geographical presence, with operations in 15 African countries and 8 in the Middle East.

We continued on our journey of growth and development, and in March 2009, entered into a 50/50 partnership with Al Ajial Investment Fund Holding to acquire a 31% stake in Inwi, the third mobile telecom operator in Morocco.

By 2010, Zain had taken the strategic decision to focus on its highly cash generative Middle East and North Africa operations, investing in new growth opportunities in these markets. This decision led to the sale of 100% of Zain Africa BV (‘Zain Africa’) to Bharti Airtel Limited in June 2010 for the total consideration of USD 10.7 billion on an enterprise value basis.

This represented a bitter-sweet moment in our history as we were both proud of what we had been able to achieve in Africa, while at the same time humbled by the success and value Bharti Airtel identified in the operations on the continent.

The 15 countries that Bharti Airtel acquired from Zain in Africa were: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Ghana, Kenya, Madagascar, Malawi, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia.

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Having exited Africa, Zain Group re-defined itself as a leading mobile voice and data services operator in the Middle East and North Africa, with a commercial footprint in 8 countries in the region. Today over 7,900 employees provide a comprehensive range of market-leading mobile voice and data services to a base of over 50.9 million active individual and business customers as of June 30, 2025.

We operate as Zain in Kuwait, Bahrain, Iraq, Jordan, Saudi Arabia, Sudan and South Sudan. In Morocco, Zain has a 15.5% stake in ‘INWI’, through a joint venture.

The company’s 4SIGHT strategy is centered on evolving Zain’s core telecom business to maximize value and build on the company’s numerous strengths to steadily grow standalone verticals beyond standard mobile services. Through this strategy, Zain is realizing its vision to enrich the lives of individuals and enable businesses with cutting-edge ICT and digital lifestyle services. 4SIGHT focuses on the digitization and optimization of Zain’s telecom operations to continuously realize efficiencies and unleash opportunities. The pillars of the strategy foster seeking value creation by better management of Zain’s assets as well as through a determined approach in identifying and capturing investment prospects. Since its inception, the 4SIGHT strategy has spawned several growth verticals. Each one of the pillars under the strategy has witnessed the birth of at least one strategic initiative that promises clear growth possibilities for the Group. Zain continues to refine its strategy in response to market dynamics.

Listed on the Boursa Kuwait, there are no restrictions on Zain shares as the company’s capital is 100% free float and publicly traded. The largest shareholders are the Kuwait Investment Authority with a 15.9% stake and Omantel with 21.9% stake.

JOB VACANCIES

ZAIN2355 – Treasury Team Leader/Manager

About the job

About The Role

The Treasury Manager is responsible for leading and overseeing treasury operations, cash management, bank reconciliation activities, fund transfers, supplier payments, foreign exchange transactions, and treasury reporting to ensure effective liquidity management, financial control, and operational efficiency.

The role ensures the accuracy and integrity of treasury activities through strong internal controls, timely execution of operational processes, effective bank relationship management, and comprehensive financial analysis. The Treasury Manager also leads treasury team members, drives process improvements, and supports strategic decision-making through treasury reporting, dashboards, and performance insights.

Responsibilities

Lead and oversee treasury operations, cash management activities, and bank reconciliation functions across the organization.
Supervise daily cash management activities, ensuring accurate recording of cash collections, deposits, remittances, and bank transactions.
Oversee monthly bank reconciliation activities for all bank accounts and ensure timely identification and resolution of discrepancies.
Review and approve corrective journal entries to maintain accuracy and integrity of financial records.
Manage fund transfers between banks and ensure timely preparation and execution of transfer instructions and supporting documentation.
Oversee foreign exchange transactions, including preparation of FX purchase requests, coordination with banks, and securing competitive exchange rates.
Manage supplier payments and online banking activities to ensure timely and accurate payment processing.
Verify cash collections received through security companies and ensure proper deposits prior to reconciliation activities.
Act as the primary point of contact with banks and financial institutions to ensure effective communication and resolution of treasury-related matters.
Monitor daily cash positions and support liquidity planning activities to ensure adequate funding requirements are maintained.
Support cash forecasting activities and provide visibility on short-term and long-term cash requirements.
Review treasury transactions and ensure compliance with treasury policies, financial controls, and delegated authorities.
Develop, monitor, and report treasury KPIs, dashboards, and operational performance indicators.
Prepare treasury reports, financial analysis, and management presentations highlighting key risks, issues, trends, and improvement opportunities.
Perform deep-dive financial analysis and provide actionable insights to support business and financial decision-making.
Identify treasury risks, operational control gaps, and process inefficiencies and implement corrective actions.
Ensure compliance with accounting standards, treasury procedures, financial governance requirements, and audit recommendations.
Collaborate with Finance, Accounting, Procurement, Internal Audit, and other stakeholders to resolve treasury-related issues and improve operational efficiency.
Lead treasury process automation, system enhancements, and continuous improvement initiatives.
Coach, mentor, and support treasury team members while fostering a culture of accountability, collaboration, and high performance.
Monitor team workload, performance, and achievement of treasury operational objectives.
Support internal and external audits by ensuring availability and accuracy of treasury records and supporting documentation.
Perform all the above-mentioned roles and responsibilities in compliance to the Information Security Management System (ISMS) policies and report any information/physical security breaches or incidents to the supervisor/manager immediately
Be aware of, and adhere to, all environmental requirements as set by the statutory bodies in Kuwait, or by the published policies of Zain Group/Kuwait
Zain abides by fulfilling the occupational health and safety certificate requirements that establishes and maintains an OH&S management system that eliminate hazards and minimizes OH&S risks (including systemdeficiencies),takeadvantageofOH&SopportunitiesandaddressesOH&Smanagementsystem nonconformities associated with its activities

What We Need From You

Skills

Strong leadership and team management capabilities.
Ability to communicate, present, and influence stakeholders at all levels of the organization.
Strong expertise in cash management, bank reconciliation, treasury operations, and financial controls.
Strong understanding of financial accounting, treasury governance, and reporting practices.
Advanced analytical and financial modeling capabilities.
Ability to perform deep-dive financial analysis and generate actionable business insights.
Experience designing and managing KPIs, dashboards, and treasury performance reports.
Strong understanding of financial data and ability to extract meaningful insights from large datasets.
Strong problem-solving skills and ability to identify, assess, and mitigate financial risks.
Experience working independently and across cross-functional teams.
Ability to translate business requirements into analytical frameworks and reporting solutions.
Advanced proficiency in Microsoft Excel, PowerPoint, Word, and financial reporting tools.
Strong communication, presentation, and stakeholder management skills.
Continuous improvement mindset with focus on operational excellence and automation initiatives.
High attention to detail, accuracy, ownership, and accountability.
Ability to manage multiple priorities and work effectively under tight deadlines.

Education Level & Major: Bachelor’s Degree required, Finance, Accounting, Business Administration, Economics, or related field

Years Of Experience: 7+ Years

About Application Process

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

Resume/CV
Passport-size photograph
Education Qualification
Copy of Civil ID/Passport
Kuwait Nationality Certificate-Sahel

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