Senior Treasury Accountant📣 Job Ad

About the Role

United Motors Company is seeking a Senior Treasury Accountant to join its finance team in Riyadh, Saudi Arabia. This role is integral to supporting daily treasury operations, ensuring the accuracy of financial transactions, and contributing to effective cash management and forecasting. The Senior Treasury Accountant will be responsible for maintaining relationships with banking partners, ensuring compliance with financial policies, and driving process improvements within the treasury function. This is a full-time position based in Riyadh.

Key Responsibilities

• Prepare and post daily treasury accounting entries in compliance with company policies and International Financial Reporting Standards (IFRS).
• Monitor and record all bank transactions, ensuring accurate and timely reconciliation of all bank accounts.
• Support the preparation of daily and weekly cash position reports to provide insights into liquidity.
• Process supplier and vendor payments efficiently in coordination with the Accounts Payable department and the Treasury Manager.
• Maintain comprehensive and organized records of all banking documents, agreements, and related correspondence.
• Manage the full lifecycle of Letters of Credit (LCs), including initiation, coordination with banks, preparation of documentation, processing amendments, and ensuring timely settlement.
• Support the forecasting of short- and medium-term cash flows to aid in financial planning.
• Assist in the preparation of essential treasury-related schedules and reports for management review and external auditors.
• Ensure adherence to all treasury and financial control policies and procedures.
• Liaise effectively with banks for transaction follow-ups, account maintenance, and the resolution of operational issues.
• Contribute to ongoing process improvements and the implementation of automation initiatives within the treasury function.

Qualifications and Requirements

• Bachelor's degree in Accounting, Finance, or a closely related field.
• A professional certification such as CMA or CPA is highly preferred.
• 3 to 5 years of relevant experience in accounting or treasury operations, with a preference for experience gained in a corporate or banking environment.

Required Skills

• Strong understanding of accounting principles and treasury processes.
• Excellent analytical and numerical skills with a keen eye for detail.
• Proficiency in MS Excel and experience with ERP systems such as Oracle or SAP.
• High accuracy in financial data entry and meticulous attention to detail.
• Strong communication and organizational skills.
• Fluency in both English and Arabic is essential.
• Demonstrated accountability and integrity.
• Ability to foster strong team collaboration.
• Effective time management skills to prioritize tasks and meet deadlines.
• Strong problem-solving and analytical thinking capabilities.
• A continuous improvement mindset.

Work Environment and Location

This is a full-time position based in Riyadh, Saudi Arabia. The role requires close coordination with various internal departments and external banking partners.