Treasury Supervisor

Ali Zaid Al-Quraishi & Brothers; معهد تدريب المديرية العامة للسجون بالمنطقة الشرقية; On-site; SAR 200,000 - 300,000; Full time

Job summary

A diversified business group is seeking a Treasury Supervisor in Dammam, KSA. This role involves managing cash flows, maintaining relationships with banks, and ensuring compliance with treasury policies. The ideal candidate will have a Bachelor’s in Finance/Accounting, 3+ years of experience, and fluency in Arabic and English. Competitive terms and efficient management of banking relationships are key aspects of this position.

Qualifications

• Bachelor’s Degree in Finance / Accounting.
• 3+ years of experience.
• Fluency in Arabic and English is a must.

Responsibilities

• Recommend improvements to departmental policy and the implementation of procedures and controls covering all related activities.
• Ensure compliance of treasury policies and procedures.
• Maintain effective relationships with banks.
• Track credit card accounts and related communication.
• Assist in overseeing the preparation of weekly, monthly, and other on demand reports.

Job description

About AZAQ:

We are a diversified business group with presence in a number of sectors including automotive and mobility, consumer goods, supply chain and logistics, industrial and technology solutions, real estate and financial services.

Job Summary:

Job Title: Treasury Supervisor

Department: Treasury

Location: Dammam, KSA

Job Purpose:

To support the Group's business activities through managing cash and cash-flows in a planned, organized, efficient and cost-effective manner. Furthermore, to manage banking facilities with emphasis on scalability, competitive terms, optimal funding structure and effective management of banking relationships in a positive manner.

Job Responsibilities:

• Recommend improvements to departmental policy and the implementation of procedures and controls covering all related activities
• Ensure compliance of treasury policies and procedures
• Obtain competitive foreign exchange rates from banks for foreign exchange transactions
• Maintain effective relationships with banks
• Oversee the bank operational and functional teams - Funded side
• Oversee the bank operational and functional teams – Trade finance
• Oversee the planning and assignment of daily tasks of the bank relation officers
• Oversee the letter issuance, cancellation and maintenance of records
• Correspond with bank for the facility documentation, allocation, issues.
• Document Bank Facility E.g. Analysis sheet, Facility documents review
• Upload facility documents to share drive
• Follow-up with banks to retrieve old promissory notes, guarantees, etc.
• Share financial statements of AZAQ subsidiaries with banks
• Upload communication with banks regarding financials queries, financials, facilities etc. in share drive
• Maintain records of Bank Facility Security Documentation E.g. Corporate guarantees, etc.
• Oversee the allocation of banking facility within the Group companies
• Provide input on annual internal rating of banks and prioritizing utilization
• Close tracking of utilization as per defined priority
• Monitor covenants
• Monitor mandate compliance i.e. rent assignments
• Provide input on signatory authority mandates for AZAQ and Group BUs
• Implement and monitor signatory authority mandates
• Provide input on authorized banking activity mandates (Banking Representatives)
• Oversee the Group bank account details and controls
• Provide input during Selecting e-banking platforms to work with and related approvals
• Assist the treasury manager in nominating employees with Access rights / setting up authority matrix
• Assist in categorizing the bank accounts in the e-banking platform
• Assist in overseeing the use of banks’ electronic platforms; monitor and track related workflows and access rights
• Issue corporate credit cards out of credit card facility as and when required
• Track credit card accounts and related communication
• Prepare employee loan agreements with banks
• Assist in overseeing the preparation of weekly, monthly, and other on demand reports.

Desired Qualifications & Experience:

• Bachelor’s Degree in Finance / Accounting
• 3+ years of experience
• Fluency in Arabic and English is a must