Treasury Manager

Job description / Role

Responsibilities

- Develop and execute strategies for effective cash flow management to ensure adequate liquidity for operational and project needs.
- Manage banking relationships to negotiate terms for loans, lines of credit, and other financial instruments.
- Optimize investment strategies for surplus funds to achieve maximum returns while minimizing risks.
- Monitor and forecast cash flow positions, including project-specific and company-wide requirements.
- Ensure timely and accurate payments, including vendor payments, loan servicing, and payroll.
- Mitigate financial risks by implementing appropriate hedging strategies for currency and interest rate fluctuations.
- Oversee the preparation of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
- Ensure compliance with local and international accounting standards and regulations.
- Coordinate with external auditors to complete audits and address findings.
- Develop and maintain financial reporting systems, dashboards, and management reports to support decision-making.
- Prepare consolidated financial reports for the company and its subsidiaries.
- Collaborate with department heads to provide treasury input for budget planning and forecasting.
- Monitor budget performance and provide variance analysis with recommendations for corrective actions.
- Serve as the primary point of contact for banks, financial institutions, and external auditors.
- Communicate financial performance, cash flow status, and risk exposure to senior management and board members.
- Work closely with the legal team to review financial terms in contracts with third parties.

Qualifications

- Bachelor's degree in Accounting, Finance, or a related field.
- Additional certifications in Accounting (CMA, CTP, IFRS, CFA, CPA, CB, FRP).
- SOCPA Membership: Certification from the Saudi Organization for Certified Public Accountants.
- Proven experience (+5 years) as a treasury management, financial reporting, similar financial role & 2-3 years' experience in a real estate business.
- Proficiency in accounting software and systems (e.g., QuickBooks, Microsoft Dynamic, SAP, Oracle).

About the Company

The Professionals is a Saudi leading Consulting firm that was established in 2015 in Riyadh, Saudi Arabia.

Since 2015 until now, we’ve become a successful partner in delivering unique consulting services to our partners who operate in different industries and sectors.

We always combine our service offerings by adopting global best practices with local in-depth understanding and delivering it with a passion to exceed our partners’ expectations to achieve their business objectives.