Treasury Support Associate

PwC - United Arab Emirates; Riyadh; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Treasury Specialist to oversee day-to-day treasury operations and optimize financial management. This role involves managing cash positions, intercompany funding, and bank guarantees, while ensuring compliance and accuracy in financial transactions. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to adapt to changing market conditions. Join a dynamic team that values integrity and continuous learning in a fast-paced environment, where your contributions will directly impact financial strategies and operational success.

Qualifications

• Bachelor's degree in finance or related field with 2+ years of relevant experience.
• Strong analytical skills and attention to detail are essential.

Responsibilities

• Manage day-to-day treasury operations including bank account management and cash flow.
• Optimize working capital and improve cash flow forecasting.

Skills

Analytical Skills

Communication and Collaboration

Adaptability and Proactivity

Attention to Detail

Ethics and Integrity

Continuous Learning

Education

Bachelor's degree in finance, accounting, economics, or a related field

Job description

Description

Established in the region for 40 years, PwC has around 8,000 people in 12 countries across the region: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates.

Our regional team operates across the Middle East bringing international experience delivered within the context of the region and its culture. We can bring the collective knowledge and experience of more than 328,000 people across the entire global PwC network in advisory, assurance and tax to help you find the value you are looking for.

Job Description & Summary

The treasury specialist is responsible for the day-to-day Treasury operations, managing debt, intercompany funding, and bank guarantees. They monitor and report on covenants, ensure accuracy of treasury transactions, and support external audits.

The treasury specialist also plays a key role in optimizing working capital, improving cash flow forecasting, and implementing treasury management solutions. They manage cash positions, short-term investments, FX deals, bank accounts, and payment systems. Additionally, the treasury specialist handles bank guarantees, reconciliations, and ad hoc administrative tasks assigned by the head of treasury.

Key Responsibilities:

• Undertake day to day treasury operations including bank account management, mandates, online banking and annual KYC review.
• Participate in new debt issuance and management of existing debt.
• Track and manage intercompany funding and ME bank guarantees (retrieval & reporting).
• Regularly monitor and report on the covenants and undertakings.
• Liaise with accounting and internal audit departments to ensure accuracy of Treasury transactions history and audit trail.
• Support the Finance team in external Audit requirements related to Treasury.
• Assist the ME Treasurer in special projects as and when required.
• Regularly review the ME financial position considering near term debt maturities and make recommendations with respect to financing plans.
• Manage the cash position and recommend short term investments.
• Optimize working capital and improve cash flow forecasting ensuring accurate and timely forecasts.
• Lead the development and implementation of the Treasury Management Solutions "TMS" for the Middle East.
• Manage bank guarantees in all countries excl. KSA (issuance & retrieval).
• Administrator of the ME banking and payment systems and controls.
• Booking and execution of FX deals.
• Manage all aspects of daily cash flow and identify regional funding requirements.
• Manage new and existing bank accounts ensuring that signatories are updated in accordance with the Delegation Authority Matrix and monitor bank costs.
• Support treasury Operations including bank accounts, mandates, online banking and annual KYC review in KSA.
• Including such other duties that may be assigned to you by your manager (do not remove).

Required Skills:

• Analytical Skills: Strong analytical and problem-solving abilities to analyze financial data, identify trends, and make informed decisions.
• Communication and Collaboration: Excellent communication and interpersonal skills to effectively liaise with internal stakeholders, banks, and other external parties.
• Adaptability and Proactivity: Ability to adapt to changing business and market conditions, demonstrate proactive thinking, and provide innovative solutions.
• Attention to Detail: Strong attention to detail to ensure accuracy in financial transactions, reconciliations, and reporting.
• Ethics and Integrity: High ethical standards and integrity in handling financial transactions, confidential information, and compliance matters.
• Continuous Learning: Willingness to stay updated on industry trends, regulations, and best practices in treasury management.

Qualifications:

• Bachelor's degree in finance, accounting, economics, or a related field.
• At least 2 Years of relevant experience.
• English; Arabic preferred.

For further information, and to apply, please visit our website via the “Apply” button below.