Senior Treasury Officer – Olayancer , Saudi Arabia , Riyadh

Role Purpose
This role involves a mix between daily responsibilities & strong emphasis on project work.
Responsible for the supervision of the company funding process. Incumbent may be assigned responsibility of supervising some or all the day to day treasury operations function, banking relationship management & product performance monitoring as seen fit by management or as a back-up of the Treasury Manager if needed.

Job Accountabilities & Activities
Staff Supervision:
Supervise treasury staff as a back-up to the Treasury Manager or as assigned. Supervise Junior Treasury Officer and all his/ her assigned activities.
Policies & Processes:
Assist in the development & management of policies on money transfers, borrowing, investment of excess cash, hedging, banking resolutions and delegations & inter-company processes and terms.
Standardization of Back & front office environment across internal units & functions
Liaison with business management & support areas maintaining needed setting.
Administration:
Assist in managing documents for opening, closing & maintaining bank accounts.
Coordinate with outside parties on any requirements & changes.
Manage the system access review process
New Development:
Manage needed IT projects across treasury functions, including integrated treasury management system, bank interfaces & inter-company settlement systems. Implement a treasury Management System working closely with BIS department

Back & Front Office Operations:
Maintain appropriate controls & segregation of duties
Bank delegation updates (treasury dealings)
Prepare monthly & Ad Hoc management reports

Manage all activities:
Supervise regular transactions within the treasury function, manage all aspects of funding. Work closely with treasury Operations Officers & dealer from deal inception to confirmation ensuring accuracy & that correct deal documentation is in place.
Ensure best level of execution is achieved for currency funded deals using instruments like FX, and cash reinvestment. Approve cash movement for the day with associated supporting documents, approve sending deal confirmation letters (FX , Loans, deposits)
Cash pool/ Sweep & standing instruction administration & review. Support team to ensure all deal rollovers are conducted in a timely manner & that all information is clearly provided/ available in order for the deal to be booked.
Funding:
Management and supervision of inter-company payments, settlement , funding requests and execution of same, ensuring sufficient funds available in the main account
Supervise the funding related accounting, month end processing & year end closing
Ensuring cash flow is maintained with optimal usage of funds (loan settlements/ deposits).

Education & Certifications
5-8 years in a similar position with a proven background in treasury with excellent working knowledge of foreign exchange and money markets, and a good understanding of other treasury products

Required Years of Experience
University graduate in business administration, accounting or finance or other related degree. Postgraduate or MBA preferred.

Click here to Apply Online

Enter your email address to receive latest Gulf Jobs Updates: