Job description:
Job Purpose
To support treasury and banking operations by ensuring accurate reporting, effective cash management, smooth coordination with banks, and compliance with internal policies and regulatory requirements.
Key Accountability Areas
Treasury Reporting & Cash Management Support:
- Assist in the preparation of daily, monthly, and annual treasury and banking reports.
- Ensure accuracy, completeness, and timely submission of treasury data.
- Support cash position monitoring and banking-related reconciliations as required.
Bank Relationship Management & Coordination:
- Act as a liaison between internal finance teams and banking partners.
- Coordinate with banks to resolve electronic banking issues, including online platforms, payment systems, and access rights.
- Follow up on pending banking requests, documentation, and operational matters to ensure timely completion.
Banking Documentation, Accounts & Compliance:
- Support the opening, maintenance, and closure of bank accounts, including KYC documentation and updates.
- Review banking agreements, contracts, and facility documents to ensure compliance with company requirements.
- Ensure all approvals, limits, mandates, and authorizations are properly in place and documented.
Banking Transactions & Service Monitoring:
- Coordinate with internal stakeholders to facilitate payments, bank guarantees, letters of credit, and other banking transactions.
- Monitor bank services and fees to ensure alignment with agreed terms and company needs.
- Support efficient execution of banking transactions in line with internal treasury policies.
Record Keeping, Controls & Treasury Support:
- Maintain proper archiving of all bank-related records, agreements, correspondence, and approvals in accordance with internal policies.
- Ensure compliance with internal treasury policies, banking regulations, and company procedures.
- Assist the Treasury team with ad-hoc tasks, projects, audits, and initiatives related to banking and cash management.
Role Accountability
HR Proficiency:
- Ability to obtain updated soft and technical skills related to the job.
Delivery:
- Perform the planned activities to meet the operational and development targets as per delivery schedules.
- Utilize resources effectively to achieve objectives within efficient cost and time.
- Provide a periodic report formatted by detailing the deviation and execution of planned tasks.
Problem-Solving:
- Solve any related problems arise and escalate any complex operational issues.
Quality:
- Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.
Business Process Improvements:
- Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
Compliance:
- Comply to related policy and procedures and work instructions.
Health, Safety, and Environment:
- Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.
Academic Qualification Bachelor Degree in Accounting and Finance or Any relevant fieldWork Experience 2 to 4 YearsTechnical / Functional Competencies Accounting Best PracticesAccounting MethodsAccounting PrinciplesAccounting Rules/GuidelinesAccounting SystemsBank Customer Accounts (BCA)Cash Flow AnalysisCash ManagementFinancial AnalysisFinancial PlanningFinancial Products/SvcsFinancial ReportingFinancial Risk Management
Profile description:
Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of a wide variety of low, medium, and high voltage electrical products, in addition to its portfolio of conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions.
The hub of alfanar's manufacturing operations is Medinet alfanar Alsinaiya, a 700,000 square-meter complex located in Riyadh. The complex houses an array of ultra-modern manufacturing facilities and laboratories equipped with state-of-the-art technologies and staffed with highly skilled professionals.
alfanar derives its success from its commitment to providing the highest quality standards to its customers, and the continuous development of its human capital, who alfanar considers its most valuable asset. With this in mind, alfanar promotes a proactive work environment where its employees are always valued, nurtured, and empowered to fuel their pride in being part of alfanar.
For more information about alfanar, please visit alfanar.com
