Treasury Manager

Talents Sea | تالنتس سي; Riyadh; On-site; SAR 300,000 - 480,000; Full time

Job summary

Talents Sea | تالنتس سي is seeking a Treasury Manager in Riyadh to oversee cash flow, liquidity, and banking relationships for ongoing construction projects and corporate operations.

The role involves optimizing working capital, managing bank facilities, guarantees, LC operations, and coordinating with Finance, Accounts, Commercial, and Project teams. Requires strong ERP experience and bilingual proficiency in Arabic and English.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 6–10 years of relevant treasury/finance experience.
• Strong cash flow management, banking facilities, guarantees, LC, and working capital management.
• Experience with ERP systems such as SAP, Oracle, MS Dynamics or similar.
• Fluency in Arabic and English.

Responsibilities

• Manage daily treasury and cash management operations for the company.
• Monitor cash positions, bank balances, inflows and outflows.
• Prepare cash flow forecasts daily, weekly, monthly and long-term.
• Coordinate banking facilities, credit lines, and guarantees.
• Oversee bank accounts for projects and corporate.
• Monitor receivables, collections, and working capital metrics.
• Ensure compliance with treasury policies and risk controls.

Skills

Cash flow management

Banking relationships

Financial modeling

MS Excel

Education

Bachelor’s Degree in Finance/Accounting/Economics

Tools

SAP

Oracle

Microsoft Dynamics

Job description

The Treasury Manager is responsible for managing the company’s cash flow, liquidity, banking relationships, financing arrangements, guarantees, and overall treasury operations. The position ensures that sufficient funds are available to support ongoing construction projects and corporate operations while optimizing cash utilization, minimizing financial risks, and maintaining strong relationships with banks and financial institutions.

Key Responsibilities

1. Treasury Management

• Manage the company’s daily treasury and cash management operations.
• Monitor cash positions, bank balances, inflows, and outflows.
• Prepare daily, weekly, monthly, and long-term cash flow forecasts.
• Ensure adequate liquidity to meet project and corporate financial obligations.
• Optimize utilization of available cash and working capital.
• Monitor cash requirements for multiple construction projects.

2. Cash Flow Management

• Develop and maintain project-wise and company-wide cash flow forecasts.
• Monitor customer collections, project billing, subcontractor payments, payroll, suppliers, and other major cash movements.
• Identify potential cash shortages or surpluses and recommend appropriate actions.
• Coordinate closely with Finance, Accounts, Commercial, Procurement, and Project teams.
• Monitor working capital and improve cash conversion.

3. Banking & Financial Institutions

• Manage relationships with local and international banks.
• Negotiate banking facilities, credit lines, overdrafts, and other financial arrangements.
• Coordinate opening and maintenance of corporate and project bank accounts.
• Monitor bank charges, interest rates, commissions, and banking service agreements.
• Review and negotiate banking terms to achieve favorable commercial conditions.

4. Bank Guarantees & Letters of Credit

• Manage the complete lifecycle of Bank Guarantees (BGs), including:
• Performance Guarantees
• Advance Payment Guarantees
• Bid Bonds
• Other contractual guarantees
• Coordinate issuance, amendment, extension, reduction, and cancellation of guarantees.
• Monitor expiry dates and ensure timely renewal or release.
• Manage Letters of Credit (LCs) and other trade finance instruments where applicable.
• Maintain accurate records of all guarantees, LCs, and related bank facilities.

5. Construction Project Finance

• Monitor project-specific cash requirements and funding needs.
• Coordinate with Project Managers and Commercial teams regarding project billing and collections.
• Monitor advance payments, retention amounts, progress payments, and project receivables.
• Analyze project cash flow against approved budgets and forecasts.

6. Accounts Receivable & Collections

• Monitor customer collections and outstanding receivables.
• Coordinate with Accounts Receivable and Commercial teams to improve collection performance.
• Track overdue invoices, retention receivables, and certified/unbilled amounts.
• Prepare collection forecasts and highlight potential cash flow risks to management.

7. Payments & Disbursements

• Review and monitor major supplier, subcontractor, payroll, tax, and project-related payments.
• Ensure payments are made in accordance with approved authorization procedures.
• Maintain appropriate payment controls and segregation of duties.
• Monitor payment schedules and prioritize payments according to cash availability and contractual obligations.
• Monitor foreign currency exposure arising from international suppliers, contractors, and project transactions.
• Assist management in managing foreign exchange and interest-rate risks.
• Monitor financial market conditions and recommend appropriate treasury strategies.
• Ensure compliance with approved treasury risk-management policies.
• Assist senior management in arranging project and corporate financing.
• Evaluate financing requirements and available banking facilities.
• Monitor loan balances, repayments, interest, and financing costs.
• Optimize working capital and financing structures.
• Prepare financial analysis for new financing requirements.

10. Treasury Reporting & Controls

• Prepare treasury reports, cash flow forecasts, liquidity reports, and banking reports for senior management.
• Maintain accurate treasury records and supporting documentation.
• Perform regular bank reconciliations and investigate discrepancies.
• Establish and maintain effective treasury controls and procedures.
• Ensure compliance with company policies and applicable Saudi regulations.

Required Qualifications & Experience

• Bachelor’s Degree in Finance, Accounting, Economics, or a related field.
• 6 - 10 years of relevant experience in Treasury/Finance.
• Strong experience in cash flow management, banking facilities, guarantees, letters of credit, and working capital management.
• Proven experience managing relationships with major local and international banks.
• Strong knowledge of banking products, trade finance, and financial instruments.
• Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, or similar.
• Advanced knowledge of MS Excel and financial modeling.
• Fluency in Arabic and Proficiency in English.

Preferred Qualifications & Experience

• Professional certification such as CFA, CMA, ACCA, CPA, or CTP.
• Relevant experience within the Construction, Contracting, EPC, or Infrastructure sector.