Overview
Treasury Professional Jobs in Dammam, Eastern, Saudi Arabia at Confidential
Title: Treasury Professional
Company: Confidential
Location: Dammam, Eastern, Saudi Arabia
Role Purpose:
As a Sr. analyst in the Treasury function of the company, your primary responsibility will be to Manage cash efficiently, by ensuring timely payments to vendors, maximizing yields on surplus cash, and handling debt arrangements with financial institutions. You will work closely with the budgeting team in Finance, Development team, and various stakeholders to provide accurate information to actively contribute to the financial decision-making processes. Your role will involve analyzing company performance monthly from cash management perspective such as cash flow forecasting, following money market instruments for investments, capital markets for debt raising, and providing recommendations to improve efficiency, profitability, management reporting processes and systems in use.
Roles & Responsibilities:
- Maintain the company’s cash position, bank accounts, facility agreements, and investment records.
- Understand, prepare, and analyze cash flow forecasts and support the Treasury Manager in identifying funding gaps and requirements.
- Develop monthly cash flow forecasts and provide recommendations to improve forecast mechanism and improve accuracy.
- Identify the requirements to develop new banking relationships for new account requirements, managing payments and extending lines of credit.
- Prepare monthly treasury report for management and key stakeholders.
- Support in payments processing, reconciliation of collections and bank balance reconciliations.
- Support on execution and documentation of risk management, hedging activities, as well as front office tasks such as FX deals, interest rates, and other investments transactions.
- Conducting due diligence and business understanding of debt and capital raising from banks locally, regionally, and internationally.
- Manage debt drawdowns, repayments, rollovers, and all other related debt management, documentation, and correspondence.
- Managing Escrow accounts for off-plan sales project.
- Conduct ad-hoc financial reporting as required by the company shareholders, government agencies, and key stakeholders.
- Maintain healthy relationships with banks, financial institutions, and external stakeholders.
- Record, maintain, and be the custodian of all banks LGs, LCs in favor of the company.
- Support in execution of treasury tasks as per treasury policies and processes.
- Actively contribute to the financial decision-making process and continuously suggest new treasury ideas, technology solutions and other treasury related initiatives
Knowledge & Experience:
- Bachelor’s degree in accounting or finance.
- Analytical skills.
- Presentation skills.
- Preferred to have Professional certification such as CFA, CTP, or CME.
- Excellent English communication skills
- 4 to 6 years experience in similar field.
