Job Location: Riyadh, KSA.
Position Title: Treasury Manager
Department: Finance
Reports to: CFO
Position Overview:
The Treasury Manager will be responsible for managing the company's cash flow, investments, and financial risks while ensuring optimal liquidity for operations in the company.
Key Responsibilities:
- Manage daily cash positions and banking relationships, ensuring sufficient liquidity for operational needs and capital expenditure
- Develop and implement cash management strategies, including cash forecasting and working capital optimization
- Monitor and analyze foreign exchange exposure, implementing hedging strategies to minimize currency risks
- Oversee debt management, including relationships with lenders, covenant compliance, and debt service obligations
- Manage investment portfolio according to company policies and risk tolerance
- Coordinate with various departments to optimize working capital through accounts receivable, accounts payable, and inventory management
- Lead treasury operations, including bank account management, transfers, and payment processing
- Develop and maintain financial models and reporting systems for cash flow forecasting
- Ensure compliance with financial regulations and internal control policies
Required Qualifications:
- Bachelors degree in finance, Accounting, Economics, or related field
- 7+ years of progressive treasury experience, preferably in manufacturing
- Strong understanding of financial markets, cash management, and risk management
- Experience with treasury management systems and ERP software and SAP in particular.
- Advanced Excel skills and proficiency in financial modeling
- Knowledge of international banking, FX markets, and trade finance
Preferred Qualifications:
- Master's degree in Finance or MBA
- Professional certification (CTP, CFA, CPA, ACCA)
- Experience in metals or heavy manufacturing industry
- Knowledge of commodity hedging and price risk management
- Multilingual capabilities for international operations
Skills and Competencies:
- Strong analytical and problem-solving abilities
- Excellence in financial planning and strategy
- Superior communication and relationship management skills
- Ability to work under pressure and meet deadlines
- Strong leadership and team management capabilities
- Detail-oriented with excellent organizational skills