Assistant Treasury Manager

Essential Functions

• 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.