SAP S/4HANA Treasury

Job Description: SAP S/4HANA Treasury – Quality Assurance Consultant

Job Title: SAP S/4HANA Treasury – Quality Assurance ConsultantLocation: Saudi Arabia (Onsite – Phase-wise Deployment)Industry: Oil & Gas / Midstream / Downstream / Petrochemical / EnergyEngagement Type: Independent Quality Assurance (QA) ConsultingProject Duration: Approximately 24 Months (Phase-wise Engagement)SAP Module: SAP S/4HANA Treasury and Cash ManagementExperience 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.
• Assess integration with SAP payment processing, bank statement processing, and treasury operations.
• Review end-to-end bank connectivity testing, including exception scenarios and failed transaction handling.
• Identify potential interface, reconciliation, security, or operational risks in bank connectivity solutions.

8. Market Data Management and Treasury Analytics

• Review market data management processes supporting treasury transactions and financial instrument valuation.
• Assess exchange rate maintenance, interest rate curves, market price feeds, and reference data management.
• Validate market data integration, accuracy, completeness, and update controls.
• Review treasury analytics, management dashboards, and reporting requirements.
• Assess cash position reports, liquidity forecasts, financial exposure reports, and treasury performance indicators.
• Evaluate user experience and reporting capabilities through SAP Fiori applications and relevant analytical tools.
• Identify gaps in reporting accuracy, accessibility, and decision-support capabilities.

9. Cross-Module Integration Assurance

• Assess integration between SAP Treasury and other SAP S/4HANA functional areas, including:
  • Financial Accounting (FI)
  • Controlling (CO)
  • Accounts Payable (AP)
  • Accounts Receivable (AR)
  • Materials Management (MM)
  • Sales and Distribution (SD)
  • Project Systems (PS), where applicable
• Review end-to-end financial postings and cash flow integration.
• Validate treasury-related accounting entries and financial reconciliation processes.
• Assess integration dependencies involving banking interfaces, payment processing, and external financial systems.
• Identify cross-module integration risks affecting treasury operations, financial reporting, or business continuity.

10. Solution Design and Documentation Review

• Conduct independent reviews of Solution Design Documents (SDDs), functional specifications, configuration documents, and interface design documents.
• Validate solution designs against approved business requirements and documented treasury processes.
• Assess adherence to SAP S/4HANA standard functionality, fit-to-standard principles, and leading practices.
• Review functional dependencies, customization requirements, integration points, and identified gaps.
• Challenge proposed solution approaches where they introduce unnecessary complexity, operational risk, or deviations from standard SAP functionality.
• Verify that treasury security, controls, reporting, and compliance requirements are adequately addressed.
• Prepare structured review findings and recommendations for project stakeholders.

11. Design Assurance and Quality Gate Reviews

• Participate in formal design assurance and project Quality Gate assessments.
• Evaluate the quality, completeness, and readiness of treasury implementation deliverables at key project milestones.
• Assess compliance with approved solution architecture, implementation methodology, and governance standards.
• Review unresolved functional issues, risks, and cross-module dependencies.
• Verify closure of critical QA observations before milestone approvals.
• Provide independent recommendations regarding solution readiness and implementation risks.
• Support program governance committees with objective quality assessments.

12. System Integration Testing (SIT) and User Acceptance Testing (UAT)

• Review SIT strategies, test plans, scenarios, scripts, and expected outcomes.
• Validate test coverage across cash management, liquidity planning, financial risk management, hedge accounting, trade finance, and bank connectivity.
• Assess positive, negative, exception, and end-to-end treasury transaction testing.
• Review integration testing involving SAP Finance, external banking systems, SWIFT interfaces, and financial data providers.
• Evaluate SIT execution results, defect classification, resolution progress, and retesting evidence.
• Assess UAT readiness, business scenario coverage, user participation, and acceptance criteria.
• Validate business sign-off procedures and testing exit criteria.
• Identify critical test coverage gaps and recommend corrective actions before deployment.

13. Data Migration and Reconciliation Assurance

• Review data migration strategies and procedures relevant to SAP Treasury.
• Assess migration mapping, transformation logic, data cleansing, and load methodologies.
• Evaluate the migration of bank account master data, financial instruments, treasury transactions, market data, and relevant financial balances.
• Review data completeness, accuracy, and consistency between legacy systems and SAP S/4HANA.
• Validate financial reconciliation procedures and migration testing results.
• Assess exception handling, data correction processes, and reconciliation sign-offs.
• Identify migration risks affecting treasury operations, transaction accuracy, and financial reporting.

14. Cutover, Go-Live and Post-Go-Live Assurance

• Review cutover plans, deployment schedules, and treasury transition arrangements.
• Evaluate cutover rehearsals, business dependencies, operational readiness, and contingency procedures.
• Assess readiness of bank interfaces, payment processing, treasury transactions, and financial reporting.
• Review rollback procedures, business continuity planning, and critical risk mitigation measures.
• Conduct independent Go-Live readiness assessments for SAP Treasury functionality.
• Evaluate unresolved defects and risks that may impact production deployment.
• Review hypercare arrangements, incident management procedures, and post-Go-Live stabilization activities.
• Recommend corrective actions to support a controlled and stable transition to production.

15. Risk Management, Governance and Executive Reporting

• Identify treasury-related functional, financial, compliance, integration, testing, migration, and deployment risks.
• Maintain structured QA findings, observation registers, risk logs, and recommendation trackers.
• Monitor closure of critical findings and independently assess corrective actions.
• Prepare quality assurance reports, management summaries, and executive presentations.
• Present findings and recommendations to program leadership, business stakeholders, and governance committees.
• Engage with Treasury, Finance, IT, and System Integrator teams to facilitate resolution of identified issues.
• Escalate critical risks that may affect implementation quality, financial reporting, regulatory compliance, or business continuity.
• Maintain independence and objectivity in all assurance reviews and assessments.

Mandatory Skills and Experience

Candidates must meet the following

requirements

• Minimum 10+ years of SAP consulting experience, with extensive functional expertise in SAP Treasury and Cash Management.
• Minimum 5 end-to-end SAP implementation projects, with substantial involvement throughout the implementation lifecycle.
• At least 2 SAP implementations within the Oil & Gas, Midstream, Downstream, Petrochemical, or Energy sectors.
• Strong hands-on experience in SAP S/4HANA Treasury and Risk Management (TRM).
• Comprehensive knowledge of:
  • Bank Account Management (BAM)
  • Cash Operations and Cash Positioning
  • Cash and Liquidity Management
  • Liquidity Planning and Forecasting
  • Foreign Currency Risk Management
  • Hedge Accounting and IFRS 9 Requirements
  • Interest Rate Derivatives
  • Money Market and Investment Management
  • Money Market Mutual Fund Management
  • Letters of Credit and Trade Finance
  • Market Data Management
  • Treasury Analytics and SAP Fiori
  • Treasury Workstation Integration
  • SWIFT and Multi-Bank Connectivity
• Strong understanding of treasury business processes, financial instruments, valuation, settlement, and financial reporting.
• Experience in independent quality assurance, solution assessments, design validation, or SAP implementation governance.
• Strong knowledge of SAP S/4HANA architecture, integration capabilities, and leading practices.
• Proven ability to independently review Solution Design Documents and challenge proposed solutions.
• Hands-on experience in reviewing SIT, UAT, data migration, cutover, Go-Live readiness, and stabilization activities.
• Strong understanding of treasury integration with SAP Finance and external banking systems.
• Ability to identify implementation risks, control weaknesses, and deviations from SAP leading practices.
• Excellent analytical, problem-solving, documentation, and stakeholder management skills.
• Strong communication and presentation skills, including the ability to engage with senior management.
• Willingness and availability to work onsite in Saudi Arabia according to project deployment requirements.

Preferred Qualifications

• SAP S/4HANA certification in Treasury Management, Treasury and Risk Management, or a related functional area.
• Previous experience working as an Independent QA Consultant, SAP Treasury Solution Assurance Consultant, or SAP Treasury Functional Lead.
• Experience supporting large-scale SAP S/4HANA transformation programs within the GCC region.
• Experience reviewing SAP Treasury implementations for Oil & Gas and energy organizations.
• Strong understanding of SAP Activate methodology and project quality gates.
• Familiarity with SAP Signavio, SAP Solution Manager, or SAP Cloud ALM.
• Experience working with major System Integrators on enterprise SAP transformation programs.
• Knowledge of IFRS 9 financial instruments, hedge accounting, and related financial reporting requirements.
• Experience with SWIFT messaging, banking integrations, and treasury workstation connectivity.
• Arabic language proficiency will be considered an advantage.

Expected Deliverables

The consultant will be expected to contribute to the following independent quality assurance deliverables:

• SAP Treasury Solution Design Review Reports
• Treasury Functional Gap and Risk Assessment Reports
• Financial Risk Management and Hedge Accounting Design Assessments
• Cash and Liquidity Management Review Reports
• Bank Connectivity and SWIFT Integration Assessment Reports
• Design Assurance and Quality Gate Assessment Reports
• SIT and UAT Coverage and Readiness Assessments
• Treasury Data Migration and Reconciliation Review Reports
• Cutover and Go-Live Readiness Assessments
• QA Findings, Risk, and Issue Tracking Logs
• Post-Go-Live Stabilization and Hypercare Review Reports
• Executive-Level Quality Assurance Status Reports and Recommendations

Ideal Candidate Profile

The ideal candidate is a senior SAP S/4HANA Treasury specialist with a strong combination of hands-on Treasury implementation experience, Oil & Gas industry expertise, financial risk management knowledge, and independent quality assurance capabilities.

Candidates should demonstrate extensive exposure to complex treasury environments involving cash and liquidity management, financial instruments, hedge accounting, trade finance, bank connectivity, and treasury reporting.

The successful consultant must be capable of independently evaluating solutions developed by System Integrators, challenging technical and functional design decisions, identifying risks, and recommending improvements aligned with SAP S/4HANA leading practices.

Experience working with business treasury teams, finance leadership, SAP implementation partners, and enterprise project governance teams is essential.

Important: This position is primarily an Independent Quality Assurance, Treasury Solution Review, and Implementation Governance role, rather than a conventional SAP Treasury configuration or implementation position.

Candidates must demonstrate proven experience in reviewing, assessing, and validating SAP implementation deliverables in addition to their functional consulting expertise.