Treasury Manager
Jeddah
Full time
Purpose of the job Responsible for ensuring adequate availability of cost effective financing arrangements with banks, negotiating comprehensive insurance coverage for all business risks and managing Investors (local & international) relationships within the rules of CMA & Tadawul. Key Accountabilities Banking - Develop and maintain good relationships with the banks so as to arrange adequate funding requirements covering all business requirements ( L/C’s, L/G’s, supplier/inventory financing etc.) with banks at most competitive conditions. - Analyze trends and recommend FX/ hedging options. - Deposit surplus cash at optimum rates - Provide advice to business and management in taking the right financial decision e.g. FX, interest rates volatility and trends. Accounting - Coordinate all accounting transactions relating to bank transactions and investments/deposits. Investor Relations - Prepare Earnings presentations on a quarterly and annual basis - Assist in preparing Investor Presentations and potential questions - Organizing Investor Meetings and represent SADAFCO in investor events. Managing expectations of investors and regulators. Insurance risk management - Ensure adequate and cost effective General, Life & Medical insurance exists at all times. For medical and life insurance, assist HR in placing these policies. - Maintain excellent relationship with insurance companies and obtain approvals of claims on timely basis. - Develop knowledge of insurance policies, terms and regulations. - Possess skill and understanding of filing insurance claims and ability to negotiate renewal of policies with best rates. Legal Matters affecting Finance - Ensure all legal matters are adequately addressed and accounted for by liaising with legal department. Decision support - Understand and apply techniques used to support business decision making e.g. review of financial clauses in all contracts, pay-back periods, credit terms to suppliers. Communications - Maintain effective communication with the financial team and provide adequate support through knowledge of systems, procedures and other financial directions. Team Management - Ensure and manage an efficient team of direct reports and effective people management in line with SADAFCO’s OD policies, in order to enable realization of the departmental goals. Business support - Work effectively with line management and other functional disciplines by facilitating adaptation to changes in business dynamics and their impact on the financial management policies and procedures.