Job Details
Skills And Tools:
Job Description
ROLE PURPOSE:
FM – Treasury despite of very critical role is new to KSA Finance (historically outsourced to UAED) and is critical to drive business strategy going forward.
KEY ROLE SPECIFIC ACCOUNTABILITIES: Specify the output required from the role. It is recommended to identify not more than 6-8 key tasks and their performance indicators. NB – Focus on outcomes not tasks.
Foreign Currency exposure:
- To support Head of department in assessing foreign currency exposure of business units on a continuous basis and ensuring compliance of organizations hedge Policy.
- Develop robust foreign exchange and treasury management tool for underlying entities to ensure:
- Minimal exposure to adverse foreign exchange currency movements
- Minimal risk or the loss of any value in surplus funds
- Proper assessment of all financial institutions group companies deal with
- Effective and accurate cash flow forecasting including daily, monthly, quarterly and 12 months rolling basis and effective utilization of banking, other facilities and credit lines.
- Optimal management of all the inter-company funding and potential exposures
Cash flow and Liquidity Management:
- Responsible to review of cashflows results and forecast implement strong cashflows controls and early warning signals by continuous. This include implementing a robust reporting system to enhance the divisional visibility of entity level cash position and forecast variances.
- Devise strategies and support Finance head and Divisional Finance team to implement the Group’s strategy to move from a historical rest of the year cash flow forecasts to rolling 12 months forecasts
- Continuously monitor bank balances and optimise effective utilisation of funds across underlying entities and optimize the finance/funding costs.
Banking Operations:
- Review and restructure the banking & treasury operations across underlying entities including optimization of accounts structure, bank relations, etc.
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Job Requirements
Education:
Professional accounting or finance qualification or equivalent (at least Post Graduation Equivalent)
Minimum Experience and Knowledge:
- At least 6-7 years relevant experience within a large organization with Minimum of which 2 years in leadership role controlling treasury operations
- Highly numerate
- Excellent excel and financial modelling skills
- Previous experience in an automotive, banking, private equity or similar industry
- Good understanding of fleet financing principles desirable
- Responsible and conscientious individual
- Ability to work under pressure, to tight deadlines and deal with conflicting interests, both internally and with outside parties
- Strong analytical and inter-personal skills
- Motivated self- starter who can work under own initiative
- Excellent team player who enjoys working in an international and multi-cultural environment
- Arabic language skills desirable but not essential
Job-Specific/Technical Skills required to complete the tasks:
Analytical, Process oriented, good communication skills, Analytical, process oriented, good communication skills, exposure to ERP. The job holder should have strong documentation ability in development of policies and procedures.
