Treasury Director

confidential semigovernment; As Sudiyah; On-site; OMR 46,000 - 69,000; Full time

Job summary

Confidential Semigovernment seeks a seasoned treasury and working capital leader to optimize liquidity, cash flow forecasting, payments, and banking relationships across the organization.

The role requires a bachelor’s degree in finance or accounting and at least 12 years in treasury with SAP ERP proficiency, delivering cost-efficient funding strategies and robust treasury processes.

Qualifications

• Minimum of 12 years of extensive experience in treasury, banking, and working capital management.
• Bachelor’s degree in finance, accounting, or a related field is required.

Responsibilities

• Manage and optimize daily liquidity, cash positions and working capital.
• Oversee end-to-end payments to suppliers and employees with strict adherence to internal controls.
• Develop and maintain robust cash flow forecasting models and provide accurate future cash requirements.
• Cultivate strong relationships with banks and financial institutions and negotiate favorable terms.
• Implement and monitor treasury systems and processes for efficiency and risk mitigation.
• Establish KPIs for treasury operations and report on performance to drive improvements.
• Collaborate with Operations to optimize inventory financing and working capital efficiency.
• Provide guidance on risk management strategies and ensure compliance with policies.

Tools

SAP ERP

Job description

Efficiently manage and optimize company liquidity, short-term cash positions and cashflow, treasury operations, and long-term funding plan ensuring adherence to financial regulations, fostering strong banking relationships, and driving continuous improvement for sustained financial stability and efficiency.

Core Responsibilities & Duties:

Treasury Operations and Financial Management

• Manage the optimization of daily cash positions and liquidity, ensuring the efficient utilization of working capital to meet operational requirements with
• precision.Oversee end-to-end management of all payments made by company to suppliers and employees, ensuring adherence to timelines, accuracy, and strict compliance with established internal control guidelines for invoice/payment auth
• orization.Develop and maintain robust cash flow forecasting models to provide accurate predictions of future cash requirements, facilitating proactive decisi
• on-making.Maintain and optimize an efficient workflow system for payments, streamlining processes to enhance operational efficiency within the treasury
• function.Cultivate and maintain robust relationships with banks and financial institutions, fostering open communication and collaboration to enhance company financial
• standing.Negotiate advantageous terms for banking services, loans, and credit facilities, leveraging financial expertise to secure advantageous terms to optimize the allocation of financial
• resources.Explore and implement technological solutions to enhance treasury processes, including the integration of treasury management systems for increased e
• fficiency.Drive initiatives for continuous improvement in treasury processes, systems, and controls, promoting efficiency and effe
• ctiveness.Identify opportunities for cost optimization within treasury operations, exploring efficient ways to manage expenses without compromising operational effe
• ctiveness.Stay abreast of market trends, economic conditions, and industry developments, providing insights to adapt treasury strategies accordingly and capitalize on emerging oppo
• rtunities.Establish and maintain key performance indicators (KPIs) for treasury operations, regularly assessing and reporting on performance metrics to drive continuous improvement and align with organizational goals.

Working Capital Management

• Implement efficient working capital management practices that effectively support company ’
• operations.Ensure the availability of adequate liquidity to sustain company day-to-day business
• operations.Oversee the timely and accurate preparation of financial projections for company short- and medium-term
• operations.Manage trade credit terms with suppliers and negotiate favourable payment terms that align with the organization's working capital
• objectives.Collaborate closely with the Operations department to optimize inventory financing strategies and ensure efficient utilization of work
• ing capital.Continuously assess and optimize trade credit policies to enhance overall working capital efficiency

Risk Management and Mitigation

• Develop and implement risk management strategies to identify, assess, and mitigate financial risks within the
• organization.Conduct regular risk assessments and evaluate the effectiveness of existing risk controls a
• nd procedures.Collaborate with cross-functional teams to establish risk mitigation plans and monitor their i
• mplementation.Provide guidance and recommendations to senior management on risk management strategies and actions to protect the organization's fin
• ancial assets.Ensure compliance with risk management frameworks, policies, a
• nd procedures.Foster a risk-aware culture within the organization by promoting risk awareness and providing training to employees on risk managem
• Champion a culture of continuous improvement across all operational units, and continuously seek opportunities for operational enhancements and co
• st efficiencies.Collaborate with department heads to identify and implement operation
• al efficiencies.Regularly assess processes, procedures, and systems for opportunities to enhance productivity and reduce costs.

Qualifications/Requirements

• Minimum of 12 years of extensive experience in treasury, banking, and working capital management, with 3-5 years performing a senior manager role.
• SAP ERP

Education

• A bachelor's degree in finance, accounting, or a related field is required.