Treasury Manager

Job description / Role

For a Market leader in HVAC products and services

Job Description
- Plan, determine and execute long and short-term funding requirements in line with the business plan, overall goal and strategy of the Company.
- Involve in the preparation of overall company budget and cash budgets
- Oversee timely and accurate short and long term cash flow forecasts and liquidity strategy to support business development needs
- Drive automation of new IT system, automating MIS, financial statements, management related reports including of the payment processing and invoice tracking
- Assist CFO in evaluating potential business opportunities & conducting feasibility studies
- Develop and implement strategies to execute financial transactions and maximize financial return for approved products and enhance overall return
- Evaluate performance in achieving Companys set profit targets and contribute to income stream.
- Manage and control process of managing financial risk e.g. profit rate and conduct hedging activities when needed in order to enhance financial stability.
- Analyze market conditions and suggest recommendations, review and changes.
- Establish, develop and maintain banks relationships to promote company products.
- Involve in development of treasury related product papers.
- Direct, monitor and negotiate financing facilities with banks as per agreed upon targets and manage relationships with financial service providers including the meeting of their facilities covenants.
- Monitor companys cash flow forecasts and perform financial modeling.
- Ensure adequacy of bank facilities to meet the growing business needs, negotiate best possible terms and maintains healthy banking relationships.
- Review and analyze terms and conditions of the facility proposals received from banks to ensure they are in line with the business strategy.
- Tracking bank-wise usage of the facilities, settlement due dates & profit rates charged by banks and complete the rollover on respective due dates.
- Review and update bank account operating mandates & signatories and coordinate on opening & closing of bank accounts, as required.
- Manage and control payment process, collection, transfer of money, bank accounts and currency management, in order to ensure accuracy and timeliness of transaction.
- Ensure that the cash flow plans and strategy are managed effectively on a daily basis.
- Oversee daily monitoring of receipts, payments & bank account balances and manage transfer of available funds between accounts to ensure availability of sufficient funds, minimize bank charges and the costs, maximize financial returns and earning opportunities.
- Provide timely feedback to the banks on business performance on a regular basis and resolutions to their queries, as per terms and conditions of the facility agreements.
- Maintain and updating Banks authority Matrix
- Manage all companys non-cash facilities LGs LCs

Requirements

- Bachelors degree in Finance, Accounting or equivalent, Master Degree is preferable.
- At least 8 years of experience in a treasury related environment and mainly in bank arrangements and facilities negotiation within a leading bank or reputed company.
- Advanced level of English language (Wringing/Speaking/Reading/Listening)
- Have excellent communication and interpersonal skills
- Computer literate including knowledge of MS Office
- Advanced analytical, organization, and interpersonal skills.
- Candidate must be in Saudi Arabia with a transferrable iqama

About the Company

BWP is a privately owned, top-end, low volume specialist recruiter with an emphasis on the Middle East markets.

The company has pedigree, a pedigree that comes with over 30 years combined experience of the local markets and from the capabilities of our staff and from their intimate knowledge of all major white collar sectors in the MENA region.

As well as our bespoke search capacity, we are also able to professionally and knowledgeably advise on all aspects of the human capital dimension; from salary surveys and recruitment strategies to general HR policy , development and training.