Treasury & Risk Manager

About the Role

Hays is supporting a significant investment project and is seeking a Treasury & Risk Manager to join a growing team. This full-time position is based in King Abdullah Economic City (KAEC), Saudi Arabia, covering Jeddah and Makkah regions.

Role Overview

The Treasury & Risk Manager will be responsible for managing the organization's financial liquidity, funding, and financial risk exposure. This role is critical in ensuring adequate cash flow for operational and strategic obligations, optimizing returns on surplus funds, and minimizing financial risks. The manager will also establish and maintain a robust risk framework to ensure operational integrity, effective risk management, and compliance with applicable laws, regulations, and internal policies.

Key Responsibilities

• Enhance departmental policies and procedures to improve operational efficiency and compliance.
• Oversee monthly reconciliation, prepare and post journal entries, and maintain financial accuracy.
• Manage month-end and year-end close processes, ensuring timely and accurate completion.
• Manage petty cash transactions, ensuring proper documentation and reconciliation.
• Oversee end-to-end management of all company payments to suppliers and employees, ensuring adherence to timelines, accuracy, and compliance with internal control guidelines.
• Maintain and optimize payment workflow systems to enhance treasury operational efficiency.
• Develop and maintain robust cash flow forecasting models for accurate predictions of future cash requirements.
• Manage liquidity planning and funding requirements to ensure adequate liquidity for day-to-day business.
• Negotiate financing terms, loan agreements, covenants, and transaction documentation.
• Support refinancing initiatives and capital restructuring projects.
• Analyze financing costs and recommend initiatives to improve funding efficiency.
• Oversee the efficient utilization of banking facilities and credit lines.
• Identify, assess, and mitigate foreign exchange (FX), interest rate, and credit risks through appropriate hedging and financial instruments.

Qualifications and Requirements

• Fluency in both Arabic and English is required.
• A minimum of 6 years' experience in project finance, treasury management, and risk management.
• Bachelor's or Master's degree in Finance, Accounting, Economics, or a related field.
• Experience in Capital Markets, Fund Raising, and sourcing Equity investors is an advantage.
• CA, CPA, MBA, or CFA qualifications are beneficial.
• Experience in the implementation and optimization of treasury management systems (TMS) and financial technology solutions is an advantage.

Experience Level

This role requires 6-10 years of relevant professional experience.

Location

The position is based in King Abdullah Economic City (KAEC), Saudi Arabia, serving the regions of Jeddah and Makkah.