Treasury Manager

Role Overview

The Treasury Manager oversees the organization's cash flow operations, liquidity, banking partnerships, financing deals, guarantees, and overall treasury functions. The role ensures enough liquidity to support active construction projects and daily corporate expenses, while maximizing cash efficiency, reducing financial risks, and maintaining solid banking relationships.

Primary Duties

• Handle daily treasury and cash management functions.
• Track cash balances, bank accounts, inflows, and outflows.
• Create regular cash flow forecasts spanning daily to long-term horizons.
• Guarantee sufficient liquidity for projects and corporate financial commitments.
• Optimize working capital utilization.
• Supervise cash needs across multiple construction assignments.

• Formulate detailed project-specific and organization-wide cash flow projections.
• Observe customer payments, project billings, subcontractor disbursements, payroll, suppliers, and other substantial cash activities.
• Detect expected cash deficits or surpluses and propose appropriate countermeasures.
• Collaborate closely with Finance, Accounting, Commercial, Procurement, and Project teams to ensure fluid operations.
• Enhance working capital management and cash conversion cycles.

• Maintain and foster banking relationships domestically and internationally.
• Negotiate banking products like credit facilities, overdrafts, and lending arrangements.
• Manage corporate and project bank accounts setup and maintenance.
• Oversee bank fees, interest, commissions, and service agreements.
• Evaluate and renegotiate banking terms to secure favorable conditions.

• Administer the full range of Bank Guarantees including performance, advance payment, retention guarantees, bid bonds, and other contracts.
• Oversee issuance, modification, extensions, reductions, and cancellations of guarantees.
• Ensure timely renewal or release of expiring guarantees.
• Manage trade finance tools such as Letters of Credit when relevant.
• Keep comprehensive records of guarantees, LCs, and banking instruments.

• Monitor project cash requirements and funding necessities.
• Coordinate with Project Managers and Commercial teams about billing and collections.
• Track advance payments, retention sums, progress payments, and receivables.
• Compare project cash flows against budgets and forecasts to identify financial risks.
• Support leadership in mitigating project-level finance risks.

• Supervise customer collections and overdue receivables.
• Work with Accounts Receivable and Commercial teams to boost collection outcomes.
• Monitor outstanding invoices, retention receivables, and certified but unbilled amounts.
• Produce collection forecasts and alert management on potential cash flow issues.

• Review major payments including suppliers, subcontractors, payroll, taxes, and project costs.
• Ensure all disbursements comply with authorized rules.
• Maintain stringent payment controls and role segregation.
• Manage payment priorities based on cash availability and contractual commitments.

• Keep track of foreign exchange exposures from international vendors, contractors, and project dealings.
• Assist leadership in hedging currency and interest rate risks.
• Analyze financial markets and recommend treasury risk management strategies.
• Maintain compliance with treasury risk policies.

• Assist in arranging financing for projects and corporate needs.
• Assess financing demands and available bank facilities.
• Monitor loans, interest, repayments, and financing costs.
• Enhance working capital and financing structures for efficiency.
• Prepare analysis for new funding requirements.

• Compile treasury reports including cash flow forecasts, liquidity updates, and banking summaries for senior management.
• Keep accurate treasury documentation and perform timely bank reconciliations.
• Set up robust treasury controls and procedures complying with company and Saudi regulations.

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, Economics or a similar discipline.
• Between 6 and 10 years of treasury or finance-related experience.
• Demonstrated expertise in cash flow management, banking agreements, guarantees, letters of credit, and managing working capital.
• Proven capability in handling relationships with major local and international financial institutions.
• In-depth understanding of banking products, trade finance, and financial instruments.
• Experience with ERP platforms such as SAP, Oracle, Microsoft Dynamics, or equivalents.
• Advanced proficiency in Microsoft Excel and financial modeling techniques.
• Fluency in Arabic and good command of English.

Preferred Credentials

• Professional certifications like CFA, CMA, ACCA, CPA, or CTP.
• Previous experience in Construction, Contracting, EPC, or Infrastructure sectors.