Sr. Treasury Manager

To lead and manage the Group's treasury operations in alignment with corporate strategy, ensuring that all financial transactions, policies, and procedures meet the organization's objectives, liquidity needs, and regulatory requirements under the laws of the Kingdom of Saudi Arabia, including SAMA (Saudi Central Bank) and ZATCA regulations. The Senior Treasury Manager will safeguard the Group's financial position by optimizing cash flow, mitigating financial risks, and maintaining strong banking relationships across local and gulf institutions.

• Lead the Group's cash flow management and short/long-term borrowing strategy to ensure sufficient liquidity for daily operations and timely fulfillment of financial obligations.
• Monitor billing, collections, payments, and bank account balances across all Group entities to minimize liquidity gaps, optimize working capital, and reduce banking charges.
• Ensure effective liquidity planning to meet all operational and capital expenditure needs through both cash and capital funding sources.

• Ensure all payments, settlements, and distributions are processed accurately, on time, and at the most favorable FX rates available.
• Track interest rate and foreign exchange movements, assess the Group's exposure, and execute appropriate hedging strategies in line with risk policies.

• Establish and maintain strong, productive relationships with local Saudi banks and needed Gulf financial institutions that can provide a lower borrowing rate.
• Provide timely updates and responses to banks regarding business performance, facility utilization, covenants, and queries in accordance with facility agreements.
• Negotiate banking facilities, fees, and terms to secure competitive arrangements for the Group.

• Evaluate and recommend investment options, funding sources, and financial instruments aligned with the Group's treasury objectives and Sharia-compliance requirements, where applicable.
• Monitor the performance and security of credit, working capital, and depository accounts held with local and international banking and investment institutions.
• Maximize profitability from treasury activities within defined risk parameters and in compliance with SAMA regulations and Group policy.

• Manage Letters of Credit (LCs), Letters of Guarantee (LGs), and other trade finance instruments to support the Group's commercial operations.
• Oversee timely and accurate processing of all deal transactions, settlements, and SWIFT confirmations.

• Ensure full compliance with SAMA regulations, ZATCA requirements, AML/CFT obligations, and any other applicable Saudi regulatory frameworks.
• Maintain the highest standards of confidentiality to safeguard commercially sensitive financial information.
• Maintain accurate and adequate records and documentation for all treasury processes in line with company policies, internal controls, and regulatory requirements.
• Implement and manage banking relationships and authorize signatory matrices for the Group.

• Lead, mentor, and develop a high-performing treasury team, ensuring operations are conducted effectively, ethically, and in compliance with Group policies, professional standards, and applicable laws.
• Promote Saudization objectives by identifying, developing, and retaining Saudi national talent within the team.

• Bachelor’s degree in finance, Accounting, Economics, or a related discipline (required).
• Professional certifications such as CTP (Certified Treasury Professional), CFA, or CMA are highly desirable.
• Minimum 10+ years of progressive experience in corporate treasury, with at least 5 years in a managerial/senior leadership role.
• Excellent analytical, negotiation, and decision‑making skills.
• Strong leadership presence with the ability to engage senior stakeholders, including banks, auditors, and the executive team.
• Broad knowledge of budgetary control / financial management.
• Knowledge of financial reporting, taxation, and regulation.