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Treasury GM

Riyadh, Saudi Arabia Posted 2024/07/07 09:22:10 Expires 2024-09-05 Ref: JB1100044913

Job Description

Treasury Management

  • Provide subject matter expertise to define the treasury operating model, policy and control framework; lead the process of cash forecasting and perform financial modeling to ensure the availability of sufficient liquidity and cash flow as per the current and future business requirements.
  • Liaise with various departments at Saudi Post to plan cash requirements and investment of surplus funds and manage the cash investment / maturity transaction process and cash investment portfolio to ensure adequate funds are available.
  • Acquire market intelligence, through new developments in the field, and ensure effective management of working capital and surplus funds to ensure that optimal returns are achieved, and appropriate fund management procedures are in place at an appropriate and agreed level of risk.
  • Establish effective working relationships with financial service providers to pursue and negotiate the securing of the company’s planned financial needs in order to limit and cover Saudi Post’s exposure to underlying liabilities and assets.
  • Develop a well-constructed cash flow hedging and manage the hedging of funds to ensure uncertainties inherent in revenue and cost projections, and related derivatives do not impact the efficacy of hedging activities.

Financial Risk Management

  • Manage financial risks for Saudi post by identifying and assessing key drivers of financial risk, measuring risk as well as monitoring exposures and movements in risk factors.
  • Provide support in developing risk management strategies and policies for various risks, including market risk, liquidity and cash-flow risk, credit risk; ensure compliance and implementation across the organization.
  • Lead and guide the monitoring of debt and financial risks; selection and utilization of various hedging and netting strategies to reduce risk related to changes in asset values and interest rates.

Financial Reporting

  • Review and monitor the development and reporting of financial health to ensure that the organization is aware of anticipated revenues and cash flows so that financial opportunities can be capitalized upon and capital plans can be assimilated on the basis of anticipated cash availability.
  • Oversee the preparation of periodic cash flow statements with forecasts of incoming and outgoing cash and identify critical cash concerns, and counsel on all matters of potentially significant financial impact to the company.

Relationships with Banks

  • Manage banking transactions in line with organization policies and monitor balances to provide recommendations for transfers between accounts and ensure maximum cash use for the company.
  • Foster and build relationships with various banks to obtain favorable arrangements on bank transactions ensuring the efficient cash use for the company.
  • Ensure preparation and ongoing monitoring of the organizational cash flow statements and monitor the preparation of bank reconciliation statements when required.

Skills

  • Manages Complexity
  • Action Oriented
  • Develops Talent
  • Communicate Effectively
  • Being Resilient
  • Customer Focus
  • Collaborates
  • Instill Trust
  • Drives Results

Education

Finance, Accounting or a relevant field

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Job Details

Job Location Riyadh, Saudi Arabia
Job Role Accounting/Banking/Finance
Employment Status Full time
Employment Type Employee
Number of Vacancies 1

Preferred Candidate

Career Level Senior Executive
Years of Experience Min: 10 Max: 15
Residence Location Riyadh, Saudi Arabia
Nationality Saudi Arabia
Degree Bachelor's degree

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