JOB PURPOSE STATEMENT:
The Senior Treasury Officer plays a key role in maintaining financial stability, supporting business growth, and ensuring compliance with financial regulations.
The Senior Treasury Officer is responsible for overseeing and managing the company’s treasury operations, including cash management, liquidity forecasting, financial risk management, and ensuring efficient use of cash resources.
This role involves implementing and monitoring financial strategies, managing banking relationships, and supporting investment and debt management activities.
ESSENTIAL DUTIES & RESPONSIBILITIES:
- Oversee daily cash operations, ensuring adequate liquidity for operational needs while optimizing cash balances.
- Monitor and manage cash flow across multiple accounts, including investments, deposits, and withdrawals.
- Develop and maintain short- and long-term cash flow forecasts.
- Prepare monthly, quarterly, and annual treasury reports for senior management.
- Manage relationships with financial institutions, negotiate terms, and ensure favorable banking services and financing facilities.
- Identify, assess, and mitigate financial risks, including interest rate risk, currency risk, and liquidity risk. Develop strategies to hedge or minimize financial exposures.
- Oversee the company’s debt portfolio, ensuring timely payments and managing financing options.
- Make recommendations on investment strategies and manage investments in accordance with corporate policies.
- Ensure compliance with internal policies, accounting standards, and regulatory requirements. Maintain effective controls and reporting procedures to safeguard the company’s financial assets.
- Lead the implementation and optimization of treasury management systems (TMS) and related tools.
- Continuously improve treasury processes for efficiency and accuracy.
- Work closely with other departments such as finance, accounting, legal, and operations to align treasury strategies with company goals.
- Provide insights and recommendations to senior management for informed decision-making.
- Mentor and guide junior treasury staff, providing training and career development opportunities. Support team development and foster a collaborative work environment.
QUALIFICATIONS
Experience with International Treasury Management and Foreign Exchange Risk Management.
Familiarity with Corporate Governance and Compliance Regulations.
EXPERIENCE
Minimum of 5-7 years of experience in Treasury Finance or banking with at least 3 years in a senior role.
KNOWLEDGE
Bachelor’s degree in finance, Accounting or any related field.
SKILLS & ABILITIES
- Professional written and verbal communication and interpersonal skills
- Ability to analyze and interpret financial data and prepare financial reports, statements and/or projections.
- Ability to plan, organize, implement, evaluate, and modify financial programs, informational support systems, and processes.
- Ability to analyze and interpret financial and systems support requirements, and provide consultation and recommendations to operational management.
- Computerized information systems used in financial and/or accounting applications.
- Excellent communications skills in both English and Arabic
- Proficiency in Excel and solid experience in PowerPoint and Word
COMPETENCIES
- Adhering to Principles & Values
- Organizational Commitment & Accountability
- Analyzing & Interpreting
