Assists the Director of Treasury & Budget with cash management, collateral management, funding and liquidity, investment analysis and other financial affairs, and the day-to-day operational aspects of the treasury & budget department.
Strategy & Governance
Assists the Director of Treasury & Budget with cash management, collateral management, funding and liquidity, investment analysis, and other financial affairs.
Manages and executes treasury functions, including bank relationship management, foreign exchange operations, cash management, and treasury operations.?
Assists in meeting the overall treasury department?s policies and regulatory requirements.
Responsible for the day-to-day operational aspects of the treasury & budget department.
Operational
Ensure adequate cash flow planning to satisfy timely cash requirements of the business and ensure at all times optimal capital structuring.
Contribute to the development of, and monitoring, the cash flow budget.
Provide and implement guidelines for managing excess liquidity and for entering into financial investments.
Contribute to overall guidance on Corporate Guarantees, other forms of securities, off-balance-sheet assets & liabilities
Ensure compliance with treasury requirements as defined by the relevant regulatory authorities (Government, Central bank, other authorities)
Conduct effective analysis of relevant financial markets current status and expected trends to support effective capital structuring decisions and active management of the debt and liquidity portfolio.
Determine funding requirements for different projects being undertaken and ensure availability of funds when required by evolving funding strategy.
Manage and monitor repayment/pre-payment of facilities/loans as per the agreed schedules and/or in the Companys best interest.
Maintain effective relationships with lending institutions, credit rating agencies, and the wider financial community
Ensure efficient procurement and proper management of all unfunded documentary credit facilities (e.g. Bank Guarantees, Letters of Credit, Bid bonds, and Sureties)
Generate appropriate management reports for the Director of Treasury & Budget and management concerning the company?s cash flow, asset and liability profile, risk exposure
Ensure adherence to the set policies, processes, and procedures of the Finance & Control Function.
Manage the insurance activities for the Company by selecting and negotiating with insurance providers on the best insurance rates and coverage for all types of insurance programs.?
Reconciliation of treasury bank accounts, including monthly review and approval of the bank reconciliation report.
Prepare consolidated cash balances reports for the management monthly.
Budget & Reporting:
Support in developing the annual budget of the Treasury sub-function, including Financial and Human Capital requirements.
People & Talent:
Contribute to fostering an inclusive workplace where diversity and individual differences are valued and
leveraged to achieve the vision and mission of Al Soudah.
Foster ethical and responsible decision-making by direct reports.
engaged and have a framework to perform at their best.
Conduct appraisal and review process with direct reports and provide regular feedback.
Ensure professional development needs are fulfilled.
