Treasury Manager

Treasury Manager

Job Description

Purpose of the job
Responsible for ensuring adequate availability of cost effective financing arrangements with banks, negotiating comprehensive insurance coverage for all business risks and managing Investors (local & international) relationships within the rules of CMA & Tadawul.

Key Accountabilities

Banking
Develop and maintain good relationships with the banks so as to arrange adequate funding requirements covering all business requirements ( L/C’s, L/G’s, supplier/inventory financing etc.) with banks at most competitive conditions. Analyze trends and recommend FX/ hedging options. Deposit surplus cash at optimum rates Provide advice to business and management in taking the right financial decision e.g. FX, interest rates volatility and trends.

Accounting

Coordinate all accounting transactions relating to bank transactions and investments/deposits.

Investor Relations

Prepare Earnings presentations on a quarterly and annual basis Assist in preparing Investor Presentations and potential questions Organizing Investor Meetings and represent SADAFCO in investor events. Managing expectations of investors and regulators.

Insurance risk management

Ensure adequate and cost effective General, Life & Medical insurance exists at all times. For medical and life insurance, assist HR in placing these policies. Maintain excellent relationship with insurance companies and obtain approvals of claims on timely basis. Develop knowledge of insurance policies, terms and regulations. Possess skill and understanding of filing insurance claims and ability to negotiate renewal of policies with best rates.

Legal Matters affecting Finance

Ensure all legal matters are adequately addressed and accounted for by liaising with legal department.

Decision support

Understand and apply techniques used to support business decision making e.g. review of financial clauses in all contracts, pay-back periods, credit terms to suppliers.

Communications

Maintain effective communication with the financial team and provide adequate support through knowledge of systems, procedures and other financial directions.

Team Management

Ensure and manage an efficient team of direct reports and effective people management in line with SADAFCO’s OD policies, in order to enable realization of the departmental goals.

Business support

Work effectively with line management and other functional disciplines by facilitating adaptation to changes in business dynamics and their impact on the financial management policies and procedures.

Skills

Job Requirements
Education level: Minimum Bachelor’s degree in Accounting, Finance or MBA Minimum 7 years of relevant experience in treasury in an international (FMCG) company Specific experience in dealing with Saudi local banks and bank regulations Fluent in English & Arabic (Read/Write/Speak) Good people skills Ability to establish new relationships and manage/ maintain existing relationships at the desired level

Job Competencies

Precise/ accurate Good in establishing and maintaining relationships Commitment to strong work ethics, integrity and honesty Professional standards and high level of business integrity Knowledge of general economic and financial market scenarios Strong analytical skills Well-developed communication skills in writing, reporting and presentation Good influencing and interpersonal skills Committed team player with high passion for excellence Ability to work independently and respond and deliver under pressure Ability to work under pressure and handle deadlines
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