Treasurer Jobs in Jeddah

Job Summary:
The Treasury Senior Accountant is responsible for managing the company’s treasury activities, ensuring efficient cash flow, banking operations, and financial risk management. This role supports the Finance Department with accurate reporting, liquidity forecasting, and ensuring compliance with internal controls and financial policies.

Key Responsibilities:

• Manage daily cash position and liquidity to ensure sufficient funds are available for operational needs
• Monitor and reconcile bank accounts, prepare daily cash reports, and handle intercompany transfers
• Coordinate with banks for facilities, transfers, and other transactions
• Prepare periodic cash flow forecasts and variance analysis
• Support the month-end closing process, including bank reconciliations and treasury-related journal entries
• Ensure compliance with internal controls, policies, and procedures related to treasury and banking activities
• Liaise with internal departments regarding payments and funding requirements
• Support audit requests and provide relevant documentation
• Participate in process improvement and automation initiatives related to treasury functions

Requirements:

• Bachelor’s degree in Accounting, Finance, or a related field
• Minimum 5 years of experience in treasury or corporate finance, preferably within the real estate sector
• Strong experience in budgeting, banking operations, and financial planning
• Solid understanding of treasury functions, banking processes, and liquidity management
• Proficient in ERP systems and Microsoft Excel
• Strong analytical, communication, and problem-solving skills
• Fluent in English; Arabic is a plus

Job Purpose
To handle the back-office functions, including processing and settlement of transactions while ensuring accuracy and timely execution, and to ensure proper generation of daily, weekly, and monthly reports. Reconciliations of cash positions and reporting discrepancies between executions and positions are needed to prevent any potential loss to ICIEC and support in the proper accounting of the investment transactions.

Key Responsibilities
Core Responsibilities
Money Market Settlement
• Process/validate deal tickets in the Treasury Operating System (Fusion Invest-MISYS) and ensure accuracy of all execution details on given value dates and before the cut off times.
• Generate the Swift messages using the Treasury Operating System and confirm their accuracy before their release.
• Ensure timely and proper exchange of documents/confirmation as per instruments used and signed agreement with each counterparty.
• Interact with counterparties for timely submission of investment confirmations.
• Review weekly maturity reports and issue notices to receive relevant Swift messages (MT210s).

Sukuk Settlement
• Settlement of new sukuk purchases through custodian account post-approval.
• Process/Validate deal tickets and generate Swift messages.
• Monitor and process coupon payments in the Treasury System.

Non-Investment related settlements
• Process/Validate settlement instructions after validating required approvals.
• Ensure documentation of all settlements including swift settlement confirmation.

FX Settlement
• Settlement of FX purchase/sell transactions with counterparties.
• Process/validate deal tickets and generate relevant Swift messages.

Nostro accounts management
• Daily monitoring of ICIEC nostro accounts and update balances.
• Process/validate any fund manager requests regarding cash transfers.

Reconciliation and Reporting
• Daily reconciliation of accounts and preparation of reports.
• Reconcile all daily trading activities.

Accounting for Investments
• Ensure proper records of investment transactions and reconciliations.

ALM and other tasks
• Assist in managing liquidity risk by monitoring cash flows.

Job Requirements
Field of Study: Finance/Investment or any related field.
Academic Qualifications: 3 Years for Bachelor’s or 1 Year for Master’s holder.
Nature of Experience: Relevant experience in Islamic Treasury Back-office settlements.
Professional Certifications: Relevant certifications such as ACI-Back Office, Certified Treasury Professional (CTP).
Business Language Skills: Good command of English; Arabic or French is an added advantage.

Working Conditions
Location: Jeddah, KSA
Travel Needed: No