Treasury Manager

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.

Job Requirements

• Education level: Minimum Bachelor’s degree in Accounting, Finance or MBA
• Minimum 7 years of relevant experience in treasury in an international (FMCG) company
• Specific experience in dealing with Saudi local banks and bank regulations
• Fluent in English & Arabic (Read/Write/Speak)
• Good people skills
• Ability to establish new relationships and manage/ maintain existing relationships at the desired level

Job Competencies

• Precise/ accurate
• Good in establishing and maintaining relationships
• Commitment to strong work ethics, integrity and honesty
• Professional standards and high level of business integrity
• Knowledge of general economic and financial market scenarios
• Strong analytical skills
• Well-developed communication skills in writing, reporting and presentation
• Good influencing and interpersonal skills
• Committed team player with high passion for excellence
• Ability to work independently and respond and deliver under pressure
• Ability to work under pressure and handle deadlines