Senior Officer Treasury

About the Role

Olayan Saudi Holding Company is seeking a Senior Officer Treasury to join their team in Riyadh, Saudi Arabia. This full-time role is essential for supporting treasury operations through effective banking relations, cash management, trade finance, and liquidity monitoring. The successful candidate will ensure the timely execution of treasury transactions, maintain adequate funding for operational requirements, and support financial risk oversight in line with approved policies. The position requires 2-5 years of relevant experience.

Key Responsibilities

• Oversee daily cash positions, liquidity management, and debt management at both group and operating entity levels.
• Administer bank relationships, cash pooling, trade finance activities, bank accounts, KYC requirements, and signatory management across the group and operating entities.
• Manage treasury systems administration and upgrades across the group.
• Review and challenge cash flow forecasts, identify funding requirements, support working capital optimization, and coordinate funding strategies with operating companies.
• Prepare cash flow forecasts for group analysis using input from relevant departments and operating entities.
• Identify anticipated funding gaps and surplus cash for management review and support short-term liquidity planning and efficient allocation of available funds.

Process Improvement and Stakeholder Engagement

• Identify opportunities to improve treasury processes, banking services, and transaction efficiency.
• Support the implementation and enhancement of treasury systems, controls, and automation.
• Act as a key contact with banks to coordinate banking requirements, including trade finance, debt, and cash management.
• Serve as a key contact for internal stakeholders to coordinate cross-functional treasury activities and resolve escalated treasury matters.
• Engage with external stakeholders, including auditors, as a primary point of contact.

Reporting and Record Keeping

• Prepare and review periodic treasury management reports covering cash, debt, liquidity, FX exposure, and facility utilization, providing management insights and recommendations.
• Analyze cash flow variances and highlight potential liquidity concerns.
• Prepare and review trade finance reports per entity and per bank.
• Provide treasury information to support management decisions and audit requirements.
• Monitor treasury risks, covenant compliance, and policy adherence.
• Support internal/external audits and regulatory reporting requirements.
• Maintain accurate records of bank accounts, facilities, guarantees, and treasury transactions, ensuring banking agreements, approvals, and signatory records are current and accessible.

Compliance and Risk Oversight

• Ensure treasury transactions comply with internal policies, approval authorities, and applicable banking requirements.
• Monitor counterparty, foreign exchange, and interest rate exposures, escalating concerns as needed.
• Track facility limits, maturity dates, and covenant requirements to support timely action.
• Support treasury controls, audit reviews, and the closure of identified findings.

Qualifications

• 2-5 years of experience in a treasury or related financial role.
• Demonstrated understanding of treasury operations, cash management, and trade finance.
• Proficiency in financial risk oversight and compliance with approved policies.