Assistant Treasury Manager

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia CARE Full time

Essential Functions

  1. Assist in assessing, monitoring, and managing daily cash flows to ensure adequate liquidity.
  2. Forecast short-term and long-term cash requirements and assist in executing financing decisions.
  3. Support in arranging Murabaha, Tayseer, Tawaruq financing, and other short-term funding solutions as needed.
  4. Participate in negotiating and securing long-term loans at competitive rates for projects and fixed asset acquisitions.
  5. Monitor and optimize working capital utilization to reduce borrowing costs.
  6. Assist in reviewing and negotiating financing terms and bank charges to optimize costs.
  7. Support discussions with national and international banks for banking facilities, facility renewals, and pricing negotiations.
  8. Monitor key financial ratios and compliance with bank covenants.
  9. Assist in reviewing banking architecture, updating signatory lists, and recommending changes in bank accounts.
  10. Ensure online banking platforms are effectively utilized across the group.
  11. Monitor issuance and amendments of Letters of Credit (LCs), Bank Guarantees (BGs), and Performance Bonds.
  12. Track foreign exchange movements, assess company exposure, and provide insights for hedging decisions.
  13. Assist in monitoring interest rate movements and arranging coupon settlements for IRS deals.
  14. Ensure proper interest rate and foreign currency hedging strategies are in place.
  15. Supervise bank reconciliations and ensure timely resolution of discrepancies.
  16. Maintain proper records of banking facility agreements and financial obligations.
  17. Oversee and monitor monthly payroll processing in compliance with Saudi Wage Protection System (WPS).
  18. Ensure timely payments to vendors and employees.
  19. Support financial reporting and general ledger reconciliation related to treasury functions.
  20. Ensure appropriate provision for accrued interest and other financial charges.
  21. Provide auditors with required treasury-related data for audits and reviews.
  22. Assist in budgeting and financial forecasting related to treasury activities.
  23. Work collaboratively with other finance and operational departments to align treasury activities with company objectives.
  24. Continuously analyze treasury processes to enhance efficiency and accuracy.
  25. Provide training and guidance to treasury team members as required.
  26. Support staff development by setting goals and defining performance KPIs.
  27. Handle personnel matters such as performance management, conflict resolution, and absenteeism.
  28. 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.

Skills

Qualifications

  • CA, ACCA, CPA, or equivalent qualification.

Knowledge and Skills

  • Strong understanding of treasury functions and banking products.
  • Proven ability to negotiate with banks for new and renewed facilities.
  • Proficiency in ERP systems, particularly Microsoft Dynamics 365 Cash Management module.
  • Advanced IT skills, including Excel and PowerPoint.
  • Knowledge of interest rate swaps (IRS), currency hedging, and investment instruments.

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.
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