We are currently seeking a qualified and experienced Treasury Supervisor to join our team and support our finance department.
This position is open to Saudi nationals only.
Role Description
The Treasury Supervisor reports to the Finance Manager.
The Treasury Supervisor is responsible for overseeing the company's banking facilities, letters of credit, LC refinancing arrangements, guarantees, and liquidity planning to support contracting projects. The role ensures optimal utilization of bank limits, timely issuance of bank guarantees and LCs, effective cash flow management, and minimization of financing costs while maintaining compliance with internal policies and financial reporting standards such as International Financial Reporting Standards.
Key Responsibilities
- Keep all the bank facilities and bank accounts active and operational.
- Monitor and update facility utilization against approved limits.
- Ensure timely renewal of enhancement of credit lines.
- Coordinate with procurement and project teams for LC issuance.
- Ensure correct documentation for LC and liaise with banks for timely issuance.
- Update and monitor LC acceptance and arrange LC-R accordingly.
- Track LC-R maturity either to settle or rollover and avoid any default.
- Ensure the timely issuance of Bank Guarantees and maintain the LG register.
- Coordinate with Sales/Operations for release or extension of the guarantees.
- Monitor interest, commission, and bank charges and identify opportunities to reduce financing costs by negotiating pricing with the banks. Efficient utilization of credit lines and reduction of idle guarantees.
- Prepare periodic bank cost analysis report and ensure adequate liquidity for supplier payments, LC settlements, Loan Repayments, payroll & operating expenses.
- Maintain relationships with multiple banks and coordinate with banks for Facility renewals, new credit approvals, Guarantee issuance, and LC negotiation.
- Support the finance manager in facility restructuring and negotiations.
- Prepare periodic treasury reports, including the Facility utilization report, the LC and guarantee exposure report, the Financing cost report, Cash flow forecast, and Bank reconciliation reports.
- Record and monitor treasury transactions in ERP systems such as Microsoft Dynamics 365 Finance.
- Maintain accurate records for Bank guarantees, LC liabilities, Loan balances, and Interest accruals.
- Ensure compliance with bank facility agreements, internal financial policies, and audit requirements, and maintain complete documentation for all bank transactions.
Education
Bachelor's in Banking & Finance
Practical Experience
5 - 7 years in Bank, Cash, and Facility Management in the Treasury Department.
Competencies
- Complete understanding of Bank Facilities.
- Technical knowledge of LC, LG, and Refinancing.
- Analytical and problem-solving skills
- Self-starter team player
- Decision-making skills
- Effective communications skills
- MS Word, MS Excel
- Time management skills
- Specialised Knowledge / Prerequisites
- Deliver the highest level of motivation and development
- Ensure individual and office compliance with all company regulations and procedures
- System Knowledge
Essential
Knowledge to operate ERPs
Ability to work in a Windows environment with networking
Desirable
Operating System: MS-DOS, Windows 95, Windows 98, Windows 2007, Windows XP
Other Packages: MS Word, MS Excel, MS PowerPoint, MS Outlook
Language
Arabic
Fluent in written and spoken English
