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Financial Operations Manager

1 week ago


Jeddah, Makkah Province, Saudi Arabia Arab National Bank Full time
Job Summary

We are seeking an experienced Financial Operations Manager to join our team at Arab National Bank. The ideal candidate will have a strong background in managing accounts payable and ensuring timely payments, as well as overseeing treasury operations and maintaining cash flow.

Duties and Responsibilities
  1. Manage Accounts Payable: Oversee the entire accounts payable process from invoice receipt to payment, ensuring all bills are paid on time and within approved limits.
  2. Treasury Operations: Develop and implement effective treasury policies and procedures to maximize cash flow, minimize risk, and optimize investment returns.
  3. Cash Flow Management: Analyze and forecast cash inflows and outflows to ensure sufficient liquidity, make informed decisions, and maintain a healthy cash position.
  4. Bank Reconciliations: Perform regular bank reconciliations to identify and resolve any discrepancies or errors, ensuring accurate records and minimizing losses.
  5. Compliance: Ensure all financial transactions and activities comply with relevant laws, regulations, and internal policies.
  6. Cash Flow Forecasts: Prepare and analyze cash flow forecasts to identify potential shortfalls or surpluses, enabling proactive measures to be taken.
  7. Facilities and Transactions: Liaise with banks to manage facilities, negotiate rates, and execute transactions efficiently.
  8. Team Supervision: Supervise and mentor the accounts receivable team, providing guidance and support to ensure high-quality performance.
  9. Financial Reporting: Maintain accurate and up-to-date financial records, generating reports as needed to inform stakeholders.
  10. Credit Policies: Develop and enforce credit policies to minimize risks and ensure responsible lending practices.
  11. Receivables Process Optimization: Continuously assess and improve the receivables process to enhance cash flow, reduce costs, and increase efficiency.
  12. Customer Account Management: Monitor customer accounts to prevent overdue payments, resolving disputes and discrepancies promptly.