Treasury Accountant Senior Specialist

Basamh Group; Jeddah, Makkah Al Mukarramah; On-site; SAR 30,000 - 50,000; Full time

Job summary

A leading company in retail distribution is seeking a Treasury Specialist to enhance their financial performance. This role involves managing cash flow, overseeing payments, and analyzing financial risks while ensuring compliance with regulations. Candidates must have a relevant degree and 1-2 years of experience, as well as proficiency in both Arabic and English.

Qualifications

• Minimum of 1-2 years of experience in treasury accounting or financial operations.
• Proficient in Arabic and English, with strong analytical and communication skills.
• Understanding of cash management and financial risk management.

Responsibilities

• Monitor and manage daily cash balances to meet obligations.
• Prepare cash flow forecasts by analyzing cash inflows and outflows.
• Ensure compliance with internal policies and regulatory requirements.

Skills

Analytical skills

Negotiation skills

Interpersonal skills

Education

Bachelor’s degree in Accounting, Finance, Economics

Job description

Company Overview

At Basamh Group, our mission is to grow people and companies, empowering individuals and fostering collaborative relationships to achieve sustainable success. With over 75 years of experience, we have built a diverse portfolio of companies that drive innovation and deliver consumer-focused solutions. Basamh Trading Company leads in retail distribution, GoodyCo specialises in marketing and brand building, Specialised Food Services excels in HORECA distribution, and Thokoman Foods, our manufacturing company based in South Africa, ensures high-quality production. Together, these entities form a robust ecosystem dedicated to building powerful brands and services across the MEA region.

Guided by our core values of true ownership, passion to grow, transparency and family spirit, we are committed to establishing long-term partnerships with our people and all those we work with. Headquartered in Jeddah, Saudi Arabia, we strive to be a leading, innovative brand builder and distributor, staying true to our purpose and values as we continue to strengthen and expand our network. Through this commitment, we aim to build a legacy for home grown successes, inspiring generations of future leaders to come.

Job Overview

We are seeking a Treasury Specialist to join our finance team at Basamh Group. The Treasury Department’s vision is to optimise our financial resources, manage liquidity, and ensure compliance with financial regulations.

The Treasury Specialist will be responsible for overseeing cash management, forecasting cash flow, and managing financial risks. This role includes analysing financial data, coordinating with banks and financial institutions, and supporting strategic decision-making to enhance the Group's financial performance.

Key Responsibilities

As a successful candidate, you will:

• Monitor and manage daily cash balances, ensuring the company has sufficient liquidity to meet its obligations.
• Reconcile bank accounts regularly, ensuring all transactions are accurately recorded and any discrepancies are identified and resolved promptly.
• Prepare cash flow forecasts by analysing cash inflows and outflows to ensure smooth financial operations and support decision-making.
• Oversee and validate large payments, including vendor payments, inter company transfers, and other significant financial transactions.
• Assist in managing the company's foreign exchange positions, ensuring compliance with internal hedging policies and mitigating financial risks.
• Generate and analyse reports on cash flow, liquidity, and treasury-related activities to present to senior management and other departments.
• Help manage short-term investments, ensuring they align with the company’s liquidity needs and financial objectives.
• Assist in monitoring and managing debt obligations, including loan repayments, interest, and other associated financial commitments.
• Analyse financial risks related to cash management, currency fluctuations, and investments, and recommend strategies to mitigate these risks.
• Ensure compliance with all internal policies, accounting standards, and regulatory requirements regarding treasury operations and cash management.

Minimum Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Minimum of 1-2 years of experience in treasury accounting, cash management, or financial operations, preferably in an FMCG or similar fast-paced industry.
• Strong understanding of cash management, liquidity forecasting, and financial risk management.
• Excellent proficiency in spoken and written Arabic and English, complemented by strong analytical and communication skills.
• Proven ability to analyse financial data and provide strategic recommendations.
• Strong negotiation and interpersonal skills, with the ability to collaborate effectively across departments.

Working Environment

At Basamh Group, we pride ourselves on attracting talented individuals by offering dynamic and rewarding professional opportunities that inspire growth and innovation. We are deeply committed to fostering a culture of growth by enabling our people’s continuous development in their personal and professional journeys. From hands-on learning experiences and access to comprehensive online resources to interactive classroom training and personalised coaching from our seasoned experts, we provide the tools and support needed to unlock potential and drive success.

Living our core value of family spirit, we cultivate a working environment where every individual feels valued, supported, and empowered to thrive. By nurturing a workplace that priorities well-being, inclusivity, and growth, we ensure that our employees not only contribute to our collective success but also find fulfilment and pride in being part of the Basamh Group family.