Treasury Specialist

2 weeks ago


Jeddah, Makkah Province, Saudi Arabia مجموعة السليمان Full time

About the Role

We are seeking a highly skilled Treasury Specialist to join our team at مجموعة السليمان. As a key member of our finance department, you will be responsible for managing the daily movement of money in and out of our business' banking accounts.

Key Responsibilities

  1. Develop and Implement Financial Processes

Develop and maintain processes and systems to determine our daily funds position, ensuring accurate and timely financial reporting.

Manage Cash and Bank Accounts

Receive funds collected, issue receipts, make deposits of cash and checks immediately in our bank account, and retain deposit slips. Ensure all transactions are accurately recorded and reconciled.

Process Payments and Authorizations

Prepare authorizations for payment, signed by the authorized person, and ensure all payments are made in a timely and efficient manner.

Manage Bank Relationships

Complete new bank setups, including documentation, KYC, and connectivity, to ensure seamless banking operations.

Execute Funds Movement Transactions

Execute funds movement transactions as required, ensuring accurate and timely execution.

Manage Foreign Exchange and Currency Exposure

Manage transactional foreign exchange by targeting the best spot rate and assess, manage, and mitigate foreign currency exposure.

Prevent Fraud and Ensure Compliance

Manage payment processing and fraud prevention functions, ensuring all transactions are compliant with regulatory requirements.

Anticipate and Plan for Cash Flows

Anticipate changes in cash balances and plan coverage by facilities, ensuring adequate liquidity and cash flow management.

Other Duties

Perform other duties assigned by the department head, ensuring the smooth operation of our finance department.

Requirements

  1. Education

Bachelor's Degree in Finance or Accounting (Finance is preferred).

Experience

2 years' experience in the finance or accounting field.

Language Skills

Fluency in English (highly preferred).

Technical Skills

Advanced working knowledge of Excel.

Qualifications

Understanding and experience in Treasury Accounting, including foreign exchange, liquidity, cash flow, and various financial instruments. Solid understanding of accounting principles. Ability to handle sensitive information. Team player with the ability to communicate and collaborate with multiple parties.



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