· 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.
Requirements
· Minimum 10 years of experience in treasury functions in a large manufacturing group.
· Knowledge of working in group of companies setting.
· Strong background in cash flow forecasting and analysis.
· Demonstrated expertise in debt management, investment strategies, and banking relationships.
· Prior experience working with ERP treasury modules and financial systems.
· Strong verbal and written communication and negotiation skills.
· Experience in team management and staff supervision.
· Ability to multi-task, work under pressure, and meet tight deadlines.
General Attributes
· Ability to establish and maintain strong relationships with banks and financial institutions.
· Excellent problem-solving and analytical skills.
· Strong team player with leadership qualities.
· Effective planning and organizational abilities.
· Ability to prioritize tasks and manage multiple deadlines.
