Treasury

3 weeks ago

Jeddah, Saudi Arabia Bupa Arabia Full time

Role Purpose:
The Treasury Senior Associate is a pivotal role within our organization, dedicated to managing and optimizing treasury operations. This position is instrumental in ensuring efficient cash management, liquidity planning, and risk mitigation strategies. The Treasury Senior Associate collaborates closely with internal teams, financial institutions, and external stakeholders to uphold the organization's financial stability and growth objectives.

Key Accountabilities:
1- Cash Management;
- Prepare daily cash reports to monitor cash positions and forecast future needs.
- Process payments, transfers, and withdrawals accurately and promptly.
- Collaborate with various departments to forecast cash flows and ensure adequate liquidity.
- Reconcile bank statements and resolve discrepancies to maintain accurate financial records.

2- Liquidity Planning and Management;
- Develop short-term and long-term liquidity forecasts based on cash flow projections and market trends.
- Identify potential liquidity risks and recommend strategies to optimize cash reserves.
- Align liquidity planning with budgeting and investment priorities.

3- Financial Risk Mitigation;
- Assess and mitigate financial risks, such as interest rate fluctuations and currency exchange risks.
- Execute hedging strategies to protect against adverse market movements and minimize exposure.
- Stay informed about market trends and regulatory changes affecting financial risk exposure.
- Review and update risk management policies and procedures to ensure compliance and effectiveness..

4- Treasury Operations;
- Manage the process and authorize of banking transactions.
- Maintain and update treasury management ERP system to streamline operations and ensure data accuracy.
- Implement and enforce internal controls to safeguard financial assets.

5- Bank Relationship Management;
- Cultivate strong relationships with banking partners and financial service providers.
- Serve as the main point of contact for banking inquiries, issues, and negotiations.
- Optimize banking services and fees by negotiating favorable terms and account structures.
- Stay up to date on banking products, services, and industry trends to identify opportunities for improvement

6- Reporting and Compliance;
- Prepare regular reports on cash positions, liquidity forecasts, and treasury activities for management review.
- Assist with internal and external audits of treasury processes and controls.
- Ensure compliance with treasury policies, procedures, and regulatory requirements.
- Monitor changes in regulations and implement necessary adjustments to ensure compliance.

**Skills**:

- Financial Acumen.
- Process Design and Implementation.
- Vendor Management.
- Billing and Collections.
- Cash Flow Management.
- Reporting.
- Technology Adaptability.
- Problem-Solving.
- Critical Thinking.
- Stakeholder Management.
- Clear Communication.
- Proactive Approach.
- Decision-Making.
- Time Management.

**Education**:
Bachelor's degree in Finance, Accounting or related field

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