Treasury Specialist📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Dammam |
About the Treasury Specialist Role
Tuwaiq Casting & Forging Company is seeking a dedicated Treasury Specialist to join its FP&A department. This full-time position, based in Dammam, Eastern Province, Saudi Arabia, is integral to managing the company's treasury operations. The role focuses on ensuring efficient liquidity management, maintaining strong banking relationships, and supporting both operational and strategic financial needs through meticulous cash flow monitoring, effective debt management, and robust treasury controls.
Key Responsibilities
- Monitor daily cash balances and overall liquidity across all company bank accounts.
- Prepare comprehensive cash flow forecasts to support liquidity planning for operational and strategic initiatives.
- Track cash inflows and outflows to optimize cash utilization and working capital management.
- Manage daily treasury activities including payments, transfers, reconciliations, and cash settlements.
- Process payment transactions accurately through the ERP system and bank portals, adhering to approved authorities and internal controls.
- Coordinate with relevant internal departments for effective payment planning and execution.
- Ensure proper recording and reconciliation of all treasury transactions within ERP systems.
- Maintain strong relationships with banks, lenders, and other financial institutions.
- Coordinate the management of banking facilities, including loans, overdrafts, guarantees, letters of credit, and corporate cards.
- Manage all necessary bank documentation, mandates, signatories, KYC requirements, and online banking access.
- Monitor financing facilities, debt schedules, repayment obligations, and ensure compliance with financial covenants.
- Liaise with lenders regarding reporting requirements, disbursements, and repayments.
- Support the preparation of treasury-related reports and financing documentation.
- Assist in monitoring receivables, payables, and inventory from a liquidity perspective.
- Collaborate with internal stakeholders to improve cash conversion cycles and payment terms.
- Monitor liquidity, foreign exchange, interest rate, and covenant risks.
- Ensure adherence to treasury policies, banking agreements, and internal controls.
- Prepare regular treasury, liquidity, debt, and cash flow reports for management and lenders.
- Support management reporting, dashboards, and variance analysis related to treasury activities.
- Contribute to the improvement of treasury processes, controls, automation, and ERP workflows.
- Maintain accurate treasury master data and banking information within ERP and banking systems.
- Ensure all treasury activities comply with company policies and relevant regulatory requirements.
- Support audit requirements and maintain proper treasury documentation and approval records.
Qualifications and Experience
- Bachelor's degree in Finance, Accounting, or a related field.
- 4 to 7+ years of experience in treasury, banking operations, or corporate finance, preferably within a manufacturing or industrial environment.
- Strong experience in managing banking relationships, payment operations, financing facilities, and cash flow management.
- Good understanding of loans, banking facilities, guarantees, letters of credit, and financing covenants.
- Proven experience in supporting senior management through treasury reporting and liquidity analysis.
Required Skills and Proficiencies
- Proficiency in ERP systems, with a preference for Microsoft Dynamics 365 Finance & Operations or similar.
- Experience using corporate online banking platforms and payment workflows.
- Advanced Excel skills for financial modeling and reporting.
- Strong treasury reporting capabilities.
- Proficiency in Microsoft PowerPoint for presentations.
- Excellent communication and coordination skills, with the ability to manage relationships effectively with banks, lenders, and internal stakeholders.
- Good negotiation and follow-up skills when dealing with banks and financing counterparties.
- Strong attention to detail with a high level of accuracy and a robust control mindset.
- Good understanding of internal controls, segregation of duties, and treasury governance practices.
Role Context
This is a full-time position based in Dammam, Eastern Province, Saudi Arabia. The Treasury Specialist will serve as a primary point of contact with banks and lenders, overseeing daily banking activities and ensuring compliance with reporting obligations and financial covenants.
Requirements
- Requires 5-10 Years experience
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