Assistant Treasury Manager

Sunbulah Group; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading organization in financial services is seeking a Treasury Specialist in Jeddah, Saudi Arabia. The role involves monitoring cash positions, preparing cash flow forecasts, managing loan portfolios, and handling trade finance instruments. Ideal candidates will have a university degree in finance or accounting, 3-5 years of treasury experience, and proficiency in Arabic and English. Competitive package and career growth opportunities are available.

Qualifications

• University degree in Finance, Accounting, or related fields.
• 3-5 years of relevant experience in treasury.
• Advanced in both Arabic and English.

Responsibilities

• Monitor daily cash position and ensure liquidity.
• Prepare cash flow forecasts for decision-making.
• Manage existing loan portfolios including repayments.
• Handle trade finance instruments like LCs and BGs.
• Liaise with banks for compliance with trade documentation.
• Oversee all banking transactions including fund transfers.
• Ensure timely execution of payments per internal controls.
• Manage opening/closing of bank accounts.
• Coordinate with banks to resolve discrepancies.
• Upload bank statements in the BRS.

Skills

Cash flow management

Trade finance instruments

Banking transactions oversight

Relationship management

Treasury process automation

SAP transaction recording

Education

University degree in Finance or Accounting

Job description

Responsibilities

• Monitor daily cash position and ensure sufficient liquidity for operational and strategic needs.
• Prepare short-term and long-term cash flow forecasts to support decision-making.
• Manage existing loan portfolios, including interest payments, principal repayments, and covenant tracking.
• Handle trade finance instruments including letters of credit (LCs), bank guarantees (BGs), and bill discounting.
• Liaise with banks and internal stakeholders to ensure timely processing and compliance with trade documentation.
• Oversee all banking transactions, including fund transfers, foreign exchange deals, and online banking activities.
• Ensure timely execution and authorization of payments as per internal controls.
• Manage opening/closing of bank accounts, updating signatories, and maintaining up-to-date records in compliance with KYC and internal policies.
• Coordinate with banks to resolve any discrepancies or service-related issues.
• Uploading of bank statements in the BRS.
• Preparation of Bank Reconciliation, following up on unrecorded & unidentified transactions.
• Monitor and manage short-term surplus funds in line with the company’s investment policy.
• Timely and accurate recording of treasury transactions in SAP at month end and year end.
• Identifying and working towards automation of treasury processes.

Maintain strong relationships with banks and financial institutions.

Minimum Qualifications

• University degree in Finance, Accounting, or related fields.

Minimum Experience

• 3-5 years of relevant experience in treasury.

Language Requirements

• Arabic: Advanced
• English: Advanced