Job Detail

Job Description

· Assist in assessing, monitoring, and managing daily cash flows to ensure adequate liquidity.

· Forecast short-term and long-term cash requirements and assist in executing financing decisions.

· Support in arranging Murabaha, Tayseer, Tawaruq financing, and other short-term funding solutions as needed.

· Participate in negotiating and securing long-term loans at competitive rates for projects and fixed asset acquisitions.

· Monitor and optimize working capital utilization to reduce borrowing costs.

· Assist in reviewing and negotiating financing terms and bank charges to optimize costs.

· Support discussions with national and international banks for banking facilities, facility renewals, and pricing negotiations.

· Monitor key financial ratios and compliance with bank covenants.

· Assist in reviewing banking architecture, updating signatory lists, and recommending changes in bank accounts.

· Ensure online banking platforms are effectively utilized across the group.

· Monitor issuance and amendments of Letters of Credit (LCs), Bank Guarantees (BGs), and Performance Bonds.

· Track foreign exchange movements, assess company exposure, and provide insights for hedging decisions.

· Assist in monitoring interest rate movements and arranging coupon settlements for IRS deals.

· Ensure proper interest rate and foreign currency hedging strategies are in place.

· Supervise bank reconciliations and ensure timely resolution of discrepancies.

· Maintain proper records of banking facility agreements and financial obligations.

· Oversee and monitor monthly payroll processing in compliance with Saudi Wage Protection System (WPS).

· Ensure timely payments to vendors and employees.

· Support financial reporting and general ledger reconciliation related to treasury functions.

· Ensure appropriate provision for accrued interest and other financial charges.

· Provide auditors with required treasury-related data for audits and reviews.

· Assist in budgeting and financial forecasting related to treasury activities.

· Work collaboratively with other finance and operational departments to align treasury activities with company objectives.

· Continuously analyze treasury processes to enhance efficiency and accuracy.

· Provide training and guidance to treasury team members as required.

· Support staff development by setting goals and defining performance KPIs.

· Handle personnel matters such as performance management, conflict resolution, and absenteeism.

· Respond to inquiries and provide support to the CFO, Treasury Manager, Finance Director, Accounting Manager, and other department managers regarding treasury functions.

· Undertake additional duties as directed by top management.