Job Purpose

Lead the development and successful implementation of the Treasury and Corporate Finance strategy for ARDARA, ensuring appropriate governance, risk management, financial liquidity and optimal capital structure. Develop strategic relationships with banks and financial institutions, manage short- and long-term financial plans and drive efficient sourcing and utilization of funds in a manner consistent with ARDARA's strategic direction.

Key Accountabilities

Job-Specific Accountabilities

Treasury & Cash Management

Monitor ARDARA's cash positions and drive the development of periodic financial reports on cash positions, liquidity statements and the projects versus budgets in coordination with the Head of Finance to provide the leadership informed updates on cash positions of ARDARA.
Plan, monitor and manage the efficient sourcing and utilization of cash in a manner consistent with ARDARA's objectives and strategic direction.
Lead and manage day-to-day treasury activities and oversee planning and management of ARDARA's cash flow and financial resources to meet financial obligations of ARDARA.
Lead the preparation of cash flow projections to facilitate planning for adequate liquidity to meet major financial requirements of ARDARA considering general activities and major projects.
Build and maintain working relationships with banks and oversee provision of bank related activities including opening/ closing banks accounts to ensure smooth banking services are attained at an organizational level.
Manage payment process in line with organizational policies, including payments to suppliers and employees and for settlement of tax liabilities.
Introduce digitization and utilize advance tools for banking transactions like H2H payments and auto reconciliation through MT940 files.
Negotiate with banks on interest rates particularly for fixed deposits to ensure ARDARA receives highest possible ROI on its fixed cash deposits.
Monitor the macroeconomic conditions that impact foreign exchange rates and manage ARDARA's foreign currency exposure and foreign currency payments as needed, in line with ARDARA's overall risk appetite.
Direct the preparation ofperiodic financial reports on cash positions, liquidity statements, and the variation of cash positions from budgets to provide the senior leadership with updates on the cash position of ARDARA.
Manage the insurances of the company including renewals and coordination with insurance broker

Corporate Finance

Develop and deliver corporate and project financing strategies in coordination with relevant functions including:
Capital raising activities, including development of funding strategy, preparation of Bank Models and Investment Memorandum. Evaluate third party financing proposals and lead finance negotiations, deal pricing all the way through execution, security packages and CPs closing and coordinate with lenders to meet shareholder Treasury/Global Capital and ARDARA requirements.
Execution and Debt service management and ensure compliance with loan documentation and debt covenants.
Oversee the shareholder equity drawdown process and reporting.
Evaluate the financial requirements of projects to identify potential future needs and improvement required - Perform regular evaluation of the corporate financial structure of ARDARA and identify funding structures, options, and sources of capital in relevance to ongoing plans and projects and provide relevant reports to the leadership to enable decision-making.
Investment Appraisals/ Capital Budgeting oversight - Review and analyze financial models / business plans prepared by the business units and provide relevant recommendation to leadership on funding capacity.
Oversee the annual project/asset valuation/s for IFRS impairment review and liaise with external audit and internal teams to finalize the annual review.
Formulation and delivery of the Medium and Long Term Financial Strategic Plan in line with the Business Plan
Liaise with legal counsels about corporate financing service level agreements to safeguard ARDARA's financial position and to prevent violations of covenants.

Job Requirements

Minimum Qualification

Bachelor's degree in Finance and Accounting, Business Administration or equivalent from a recognized and accredited university.
Relevant Professional Qualification (CTP, ACT, CFA, CA, ACCA, CPA, CMA, CIMA)
Master's degree in Finance and Accounting, Business Administration or equivalent from a recognized and accredited university is desirable.

Experience

15+ years of professional experience in Treasury and Corporate Finance in a fast-paced and dynamic environment including within a Real Estate development / asset management organization.
Developing and implementing Funding Strategies including Debt raisings, preferably in a Real Estate Development environment
A proven track record of deploying forward-looking operational and other treasury methods.
Knowledge of Treasury Management System (TMS) and its implementation.
Comprehensive working knowledge of governing bodies, committees, and regulatory organizations for the development sector within KSA.

Senior Director - Treasury & Corporate Finance