Treasury Associate

Roles and responsibilities

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.

Key Responsibilities

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 bank guarantees in all countries excl.

KSA (issuance & retrieval)

Manages the daily reconciliations in the TMS

Manage new and existing bank accounts ensuring that signatories are updated in accordance with the Delegation Authority Matrix and monitor bank costs

Administrator of the ME banking and payment systems and controls

Booking and execution of FX deals

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)

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

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

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

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

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

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

Desired candidate profile

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

At least 2 Years
Cash Management and Liquidity
Cash Flow Monitoring: Assist in monitoring and managing the organization’s daily cash position, ensuring sufficient liquidity for operational needs and investment opportunities.
Cash Forecasting: Support the preparation of daily, weekly, and monthly cash forecasts, analyzing cash flows and identifying any potential liquidity gaps.
Cash Position Reporting: Help in the preparation and analysis of cash position reports, ensuring accuracy and timely reporting of available cash balances to senior treasury staff.
Bank Account Management
Bank Account Administration: Support the management of the organization's bank accounts, ensuring that all accounts are opened, maintained, and closed in compliance with company policies.
Reconciliation of Bank Statements: Assist in the reconciliation of bank statements, ensuring that transactions are accurately recorded, discrepancies are identified, and appropriate actions are taken.
Bank Relationship Support: Assist in maintaining relationships with banking partners, including ensuring smooth communications for payments, wire transfers, and other financial services.
Payment Processing and Treasury Operations
Payment Processing: Help facilitate and process various payments, including vendor payments, employee disbursements, and intercompany transfers, ensuring timely execution and accuracy.
Transaction Monitoring: Ensure that payments, transfers, and other transactions are properly recorded and verified, ensuring compliance with internal controls and treasury policies.
Support for Treasury Systems: Assist in the use and maintenance of treasury management systems, ensuring the systems are accurately updated with transaction details and other relevant information.