Treasury Director

Job Purpose

The Head of Treasury at Dammam Airport will lead and manage all treasury functions, ensuring efficient cash, capital, and cash collection management. This role involves overseeing cash flow, managing bank accounts, ensuring optimal capital management, and improving cash collection processes, all while adhering to regulatory requirements and maintaining high standards of financial integrity.

• 1.Develop and implement treasury strategies that align with Dammam Airport vision, mission, and strategic goals and ensure financial stability.
• 2.Manage the coordination of cash, capital, and cash collection initiatives to ensure alignment with organizational objectives and regulatory requirements.
• 3.Establish and monitor key performance indicators (KPIs) to measure the effectiveness of treasury operations and drive continuous improvement.

• 4.Lead the preparation of payment documents, including payroll for employees, ensuring accuracy and compliance for the entire three airports (DMM, HOF, AQI).
• 5.Manage the review of bank statements and Ministry of Finance (MoF) requirements, managing bank accounts, and preparing statistical reports.
• 6.Lead the upload of payment transfer instructions to the bank for processing and ensure efficient cash management and allocation of funds.
• 7.Manage the transfer of all received revenues to GACA, and ensure appropriate levels of liquidity.
• 8.Supervise the issuance, review, and management of bank guarantees, including monitoring validity and expiry dates for the entire three airports (DMM, HOF, AQI).
• 9.Ensure the accurate recording and management of various types of deposits and related documentation.

• 10.Ensure the accurate recording and management of various types of deposits and related documentation.
• 11.Coordinate with insurance providers to secure optimal coverage terms and manage claims processes effectively.

• 12.Build and maintain strong relationships with internal and external stakeholders, including regulatory authorities and financial institutions, and holding Company, GRC.
• 13.Communicate effectively with various departments to ensure the implementation of treasury practices.
• 14.Coordinate with Commercial and other departments to identify opportunities for collection improvement and ensure proper revenue recognition treatments.

15.Provide guidance and mentorship to the treasury team, fostering a culture of excellence, accountability, and continuous improvement.

16.Develop training programs to enhance the skills and knowledge of the treasury team.

17.Set clear performance expectations, provide regular feedback, and support team members to meet their objectives.

• 18.Assist in developing and managing the treasury department’s budget, ensuring efficient allocation of resources.
• 19.Monitor financial performance, identify cost-saving opportunities, and implement measures to achieve financial targets for the entire three airports (DMM, HOF, AQI).
• 20.Prepare budget reports for review by senior management, providing insights and recommendations for financial planning in treasury operations.
• 21.Manage the organization’s financial resources, including cash flow, investments, and capital expenditures, to ensure efficient allocation and utilization of funds.
• 22.Continuously improve and automate financial processes for scalability and efficiency.
• 23.Evaluate and implement long-term financial plans and investment strategies.

• 24.Ensure compliance with all regulatory requirements and industry standards related to treasury operations.
• 25.Develop and implement strategies to mitigate risks associated with treasury activities and ensure effective risk management.
• 26.Monitor trends and external factors related to treasury that may impact Dammam Airport risk profile, providing relevant information to risk owners and executive management.
• 27.Maintain ongoing vigilance over treasury-related matters, consistently reviewing and addressing compliance issues, deviations, and potential risks.