Manager, Cash/Treasury & Banking

Job description / Role

- Monitor and manage daily corporate cash aggregation.
- Complete short-term borrowing and short term investing.
- Control cash balances and movement of funds from concentration accounts and other cash pools to where they are needed.
- Report cash operation activities daily to management.
- Approve cash position daily.
- Ensures the organization has enough cash liquidity to achieve its business objectives.
- Manage cash management bank relationships.
- Recommend way forward on how to best utilize cash surplus.
- Develop and implement cash management operational strategies to optimize bank services, assure best practices and optimize pricing.
- Manage compensation for banking services including conducting analytical reviews and cost benefit analysis of banking services.
- Manage credit card processor relationships, and processing and settlement structures.
- Daily, forecast cash activity and balances for the current reporting period using a complex Microsoft Excel forecasting mode.
- Lead and coordinate Treasurer’s role in developing the Company’s Resolution Plan.
- Design and implement best in class risk management systems and processes.
- Develop financial models and reporting tools for analysis and decision making purposes.
- Formulate suggestions to address complicated financial risk scenarios and situations
- Monitor and comply with regulatory reporting requirements.
- Monitor compliance with Company policies and best practice.
- Manage other insurance-related functions such as claims, policy audits, due diligence reviews, surety bonds, payment of premiums.

Requirements

- Bachelor’s Degree in finance, accounting, or related field required.
- Six years of cash management experience.

Knowledge:
- Expert knowledge of Microsoft Office tools, specifically Microsoft Excel, Word, PowerPoint and Visio
- Solid understanding of cash and bank systems.
- Knowledge of capital and liquidity management desirable.

Ability:
- Ability to read, speak and write in the English & Arabic languages in a clear and concise manner
- Ability to perform and manage the daily entry of the company's operating account activity within the accounting system

COMPETENCIES:
- Solutions and critical thinking.
- Building Organization Capacity
- Communication Proficiency.
- Leadership.
- Customer Service.
- Collaboration
- Discipline

About the Company

SAED provides innovative workforce solutions, connecting human potential to the power of business. Incorporating the latest technology, detailed research and expertise to anticipate and facilitate the current outlook and potential growth of the Kingdoms labor market and the changing world of work.

SAED provides large scale long term strategies, with the aim of improving and adding to the Saudi labor market. By researching in detail and providing relevant insights into the people searching for employment, entities looking to employ and the future of work. Examining the labor market, planning and executing employment strategies and applying technology systems to assist in the Kingdoms economic development.