Treasury Support Associate

Summary

The treasury specialist is responsible for the day-to-day Treasury operations, managing debt, intercompany funding, and bank guarantees.

They monitor and report on covenants, ensure accuracy of treasury transactions, and support external audits.

The treasury specialist also plays a key role in optimizing working capital, improving cash flow forecasting, and implementing treasury management solutions.

They manage cash positions, short-term investments, FX deals, bank accounts, and payment systems.

Additionally, the treasury specialist handles bank guarantees, reconciliations, and ad hoc administrative tasks assigned by the head of treasury.

• Undertake day to day treasury operations including bank account management, mandates, online banking and annual KYC review
• Participate in new debt issuance and management of existing debt
• Track and manage intercompany funding and ME bank guarantees (retrieval & reporting)
• Regularly monitoring and reporting of the covenants and undertakings
• Liaise with accounting and internal audit departments to ensure accuracy of Treasury transactions history and audit trail
• Support the Finance team in external Audit requirements related to Treasury
• Assist the ME Treasurer in special projects as and when required
• Regularly review the ME financial position considering near term debt maturities and make recommendations with respect to financing plans
• Manage the cash position and recommend short term investments
• Optimize working capital and improve cash flow forecasting ensuring accurate and timely forecasts
• Lead the development and implementation of the Treasury Management Solutions "TMS" for the Middle East
• Manage bank guarantees in all countries excl. KSA (issuance & retrieval)
• Administrator of the ME banking and payment systems and controls
• Booking and execution of FX deals
• Manage all aspects of daily cash flow and identify regional funding requirements
• Manage new and existing bank accounts ensuring that signatories are updated in accordance with the Delegation Authority Matrix and monitor bank costs
• Support treasury Operations including bank accounts, mandates, online banking and annual KYC review in KSA
• Including such other duties that may be assigned to you by your manager (do not remove)

Strong analytical and problem-solving abilities to analyze financial data, identify trends, and make informed decisions.

Excellent communication and interpersonal skills to effectively liaise with internal stakeholders, banks, and other external parties.

Ability to adapt to changing business and market conditions, demonstrate proactive thinking, and provide innovative solutions.

Strong attention to detail to ensure accuracy in financial transactions, reconciliations, and reporting.

High ethical standards and integrity in handling financial transactions, confidential information, and compliance matters.

Willingness to stay updated on industry trends, regulations, and best practices in treasury management.

Financial management

Cash management

Investment management

Risk management

Strategic thinking

Relationship management

Communication

Leadership

English;
Arabic preferred

Bachelor's degree in finance, accounting, economics, or a related field.

Education

Degrees / Field of Study required :
Degrees / Field of Study preferred :

Certifications

Required Skills

Optional Skills

Desired Languages

Travel Requirements

Available for Work Visa Sponsorship?

Government Clearance Required?

Job Posting End Date