Treasury Manager📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Makkah |
About the Role
MDLBEAST is strategically enhancing its Treasury function to support significant growth across festivals, venues, and live entertainment. The Treasury Manager will be responsible for group-wide treasury operations, partnering with the CFO and finance leadership to ensure financial agility, cultivate banking relationships, and implement disciplined cash and risk management practices. This is a hands-on role focused on building and shaping core financial operations, requiring technical treasury expertise and operational ownership to design and embed controls, processes, and systems for a rapidly scaling organization.
Key Responsibilities
- Develop, maintain, and enhance short-term and long-term cash flow forecasts across the group.
- Monitor daily cash positions across all entities to ensure optimal liquidity for operational and capital expenditure needs.
- Implement initiatives for working capital optimization to improve overall cash efficiency.
- Provide accurate liquidity reporting and dashboards to senior management.
- Manage and develop strategic relationships with the group's banking partners.
- Negotiate and structure banking facilities, including Revolving Credit Facilities (RCFs), term loans, and credit lines, on favorable terms.
- Oversee the utilization of banking facilities across multiple banks and ensure strict compliance with all associated covenants.
- Maintain bank master data and signatory matrices within the ERP system.
- Manage trade finance instruments, including Letters of Credit (LCs), Standby LCs, Bank Guarantees (LGs), and receivable financing.
- Monitor and manage foreign exchange (FX) exposure through spot and forward transactions.
- Develop and execute hedging strategies aligned with the group's risk policies.
- Liaise with banks and internal stakeholders to ensure the timely execution of all trade finance transactions.
- Oversee end-to-end payments governance, including authority matrices, approval workflows, and segregation of duties.
- Drive the automation and digitization of treasury operations, including B2B bank integration and ERP enhancements.
- Manage daily treasury operations, ensuring adherence to internal controls and accounting standards.
- Develop and maintain a robust treasury policy framework aligned with industry best practices.
- Implement treasury Standard Operating Procedures (SOPs), internal controls, and risk management frameworks.
- Prepare comprehensive treasury management reports and analyses for the CFO and executive leadership.
- Support audit, regulatory, and compliance requirements pertaining to treasury activities.
Qualifications and Requirements
- Bachelor's degree in Finance, Accounting, Economics, or a related field. A Master's degree (MBA, MSF) is considered a strong advantage.
- 7 to 12 years of progressive corporate treasury experience, with a preference for candidates who have worked within multi-entity and multi-currency groups.
- Proven hands-on experience in cash flow forecasting, banking facility management, trade finance instruments (such as LCs, LGs, SBLCs), and FX risk management.
- Strong working knowledge of ERP systems, with emphasis on SAP Treasury, Oracle, or comparable Treasury Management Systems (TMS) platforms.
- Demonstrated experience in developing treasury policies, SOPs, and payment governance frameworks.
- Excellent command of the English language; proficiency in Arabic is preferred.
Skills and Expertise
- Cash Flow Forecasting
- Banking Facility Management
- Trade Finance Instruments (LCs, LGs, SBLCs)
- FX Risk Management
- ERP Systems (SAP Treasury, Oracle, TMS)
- Treasury Policy Development
- SOP Development
- Payment Governance Frameworks
- Financial Agility
- Banking Relationships
- Cash Management
- Risk Management
- Liquidity Management
- Working Capital Optimization
- Trade Finance Operations
- FX Exposure Management
- Hedging Strategies
- Payments Governance
- Treasury Operations Automation
- Treasury Policy Framework Implementation
- Internal Controls
- Risk Management Frameworks
- Audit Support
- Regulatory Compliance
Preferred Qualifications and Industry Experience
Preferred certifications include Certified Treasury Professional (CTP), Chartered Financial Analyst (CFA), Association of Corporate Treasurers (ACT), Certified Management Accountant (CMA), or Certified Public Accountant (CPA) / Saudi Organization for Certified Public Accountants (SOCPA).
While candidates with treasury experience across various sectors are welcome, preference will be given to those with backgrounds in entertainment, events, hospitality, lifestyle industries, multi-business holdings or conglomerates, consumer, retail, or Fast-Moving Consumer Goods (FMCG) groups, real estate development and project-based industries, or other high-growth, multi-entity organizations.
Work Environment and Location
This is a full-time position. The role is based in Jeddah, Saudi Arabia. MDLBEAST is a Saudi-based entertainment company dedicated to shaping the future of live music, festivals, and creative experiences. Through flagship festivals and year-round venue operations, MDLBEAST is establishing a regional hub for global music and culture.
Requirements
- Requires 5-10 Years experience
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