Treasury Accountant

Confidential2; Riyadh; On-site; SAR 180,000 - 240,000; Full time

Job summary

Confidential2 seeks a Treasury Accountant in Riyadh to oversee daily cash and bank operations, reconcile accounts, and manage fund transfers. You will act as the banks' primary liaison, prepare facility documentation, and monitor loan covenants.

The role requires 4–6 years in treasury with strong Excel and ERP (Dynamics AX) skills, plus ability to analyze cash flow and support audits. Wall-to-wall coordination with AP/AR is essential for efficient cash cycles.

Qualifications

• Bachelor's degree in Accounting or Finance.
• 4–6 years of treasury and banking experience.
• Strong understanding of banking instruments, credit facilities, and cash management.
• Excellent communication and negotiation with financial institutions.
• Advanced Excel skills and cash flow modeling; ERP experience preferred.

Responsibilities

• Manage daily cash and bank operations including reconciliations, transfers, and maintaining optimal cash positions across accounts.
• Act as primary contact with banks; prepare facility applications and monitor utilization and covenants.
• Prepare weekly/monthly cash flow forecasts and KPI reporting; coordinate with AP/AR to optimize cash cycle.
• Ensure treasury transactions comply with internal controls and assist audits.

Skills

Excel

Cash flow modeling

ERP systems

Banking instruments

Bank negotiation

Education

Bachelor's degree in Accounting or Finance

Tools

Dynamics AX

Job description

Job Title: Treasury Accountant - SAUDI Job Type: Full-time Job Location: KSA - Riyadh Reports to: Accounting Manager / Finance Director

Key Responsibilities

Banking Operations

• Manage daily cash and bank operations, including bank reconciliations, fund transfers, and maintaining optimal cash positions across accounts. Ensure accurate and timely processing of payments (local, international, salaries, suppliers). Monitor bank charges and interest to ensure compliance with agreed terms.

Bank Relationships & Facilities

• Act as the key point of contact with banks for all operational matters. Prepare required documentation for facility applications (overdrafts, LGs, LCs, term loans, etc.). Monitor and track utilization of credit facilities and ensure alignment with facility agreements. Ensure timely renewal of facilities and compliance with covenants and reporting requirements. Reconcile and track Letter of Guarantees (LGs), Letters of Credit (LCs), and other instruments issued or received.

Cash Flow & Reporting

• Prepare weekly and monthly cash flow forecasts and variance analyses. Analyze working capital requirements and propose funding strategies. Report cash positions and treasury KPIs to management regularly. Coordinate with the AP and AR teams to ensure efficient cash cycle management.

Compliance & Internal Control

• Ensure all treasury-related transactions comply with internal controls, audit requirements, and regulatory policies. Maintain up-to-date documentation for bank mandates and signatories. Support internal and external audits related to treasury matters.

Key Skills & Requirements

• Bachelor's degree in Accounting, Finance.
• 4-6 years of experience in treasury and banking, preferably in project-based or trading environments.
• Strong understanding of banking instruments, credit facilities, and cash management.
• Excellent communication and negotiation skills with financial institutions.
• High proficiency in Excel, cash flow modeling, and ERP systems (Dynamics AX or similar preferred).
• Strong attention to detail and a proactive, analytical mindset.