• Manage the adoption and utilization of systems and ERP in the treasury function.
• Monitor daily cash balances and forecasts to ensure liquidity.
• Optimize cash flow through effective cash management strategies.
• Prepare weekly and monthly cash flow reports.
• Manage the day-to-day responsibilities of the team in accordance with the company’s policies and procedures and meeting the approved budget.
• Manage timely execution of authorized payments for corporate functions and projects.
• Manage and control all treasury operational aspects to ensure efficiency and speed of execution and monitor collections with continuous follow up and updated related reports.
• Ensure that all transaction processing is in compliance with regulatory and bank policies and requirements, and intervenes promptly to resolve problems and concern areas and implement control measures.
• Manage relationships with banks and financial institutions.
• Negotiate terms for banking services and financing arrangements.
• Monitors the use of credit facilities granted to SISCO in order to minimize costs.
• Reviews reports on the credit facilities, and highlight the needed actions.
• Propose to the CFO any necessary amendment (such as increase / decrease in credit limits) upon renewal of banking facilities.
• Monitor settlements of LCs maturities and review LC and LG applications.
• Prepare and present regular (weekly/monthly) reports on cash management, cash flow forecasting, investments, and risk exposure to the CFO and senior management.
• Ensure compliance with financial regulations and internal controls.
• Maintain accurate records of all treasury activities.
• Manages opening and closing of accounts.
• Reviews and issues reports on the insurance policies and highlights the needed actions.
• Oversee short-term and long-term investment portfolios.
• Analyze investment performance and recommend adjustments as necessary.
• Collaborate with external advisors on investment strategies.
• Proposes to CFO any necessary amendment to existing insurance policies.
• Identify and analyze financial risks related to currency, interest rates, and investments.
• Develop and implement strategies to mitigate financial risks.
• Ensure compliance with relevant regulations and internal policies.
• Supervise and mentor treasury staff.
• Foster a collaborative team environment to achieve departmental goals.
• Provide training on treasury operations and best practices.
• 10+ years of treasury management experience. Experience in Engineering and Contracting business is preferred. Middle East finance experience is also preferred.
• Strong understanding of cash management, financial instruments, and risk management.
• Proficiency in treasury management systems and financial modeling.
• Strategic thinking and problem-solving abilities.
• Strong attention to detail and accuracy.
• Ability to work under pressure and meet tight deadlines.
• Critical thinker with the ability to develop actionable plans.
• Strong financial acumen and business savvy.
• Team player and individually motivated.
• Superior communication and presentation skills with an ability to set the highest standards for honesty, integrity, and work ethic both for themselves and for those around them.
• Proven ability to develop effective relationships with colleagues and team members by gaining respect and trust.
• Strong quantitative, analytical skills with attention to detail and accuracy.
• In-depth experience with large-scale ERP systems.
• An exceptional leader and team builder. A track record of influencing and developing a high-performing team of professionals.
Specialized Industrial Services Co. Ltd (SISCO) is a multi-dimensional Engineering, Construction and Maintenance Company, supported by a dynamic team of professionals with its business footprints across the KSA. The services portfolio covers project management, engineering, procurement, construction, plant services, facilities management, catering and manufacturing of equipment for the sectors of Oil & Gas and Chemical/Petrochemical. To capitalize on our vision of Geographical Growth and Capital Investment, we invite self-motivated, and career oriented individual to join our management team at our Head Office, Jubail, KSA.