Group Treasury Manager

Group Treasury Manager – Strategic Financial Leadership in a Dynamic Corporate Environment

Join our esteemed organization as the **Group Treasury Manager**, a pivotal role within the Finance and Treasury division reporting directly to the **Group Chief Financial Officer (GCFO)**. In this influential position, you will oversee the entire spectrum of treasury operations, ensuring financial stability, optimizing capital allocation, and fostering robust relationships with both local and international financial institutions. Based in **Jeddah, Saudi Arabia**, this opportunity is ideal for a seasoned finance professional with a proven track record in treasury management, risk mitigation, and strategic financial planning within a diversified corporate group spanning **real estate, retail, and manufacturing**.

As the Group Treasury Manager, your expertise will be instrumental in shaping the financial health of the organization. You will lead a dynamic team in managing cash flow, liquidity, and financing strategies while navigating the complexities of **Shariah-compliant financial instruments** such as Murabaha and Tawarruq. Your role extends beyond operational oversight to include proactive risk management, ensuring the Group remains resilient against fluctuations in **interest rates and foreign exchange markets**. By leveraging data-driven insights, you will drive cost efficiencies, enhance liquidity management, and align treasury operations with broader corporate objectives.

Key Responsibilities and Impact Areas

Your responsibilities will be comprehensive, demanding both analytical rigor and strategic foresight. Below are the core areas where your leadership will make a tangible difference:

• Cash Flow and Liquidity Optimization
  Lead the development and execution of **daily, weekly, monthly, and annual cash flow forecasts**, ensuring the Group maintains optimal liquidity to meet operational, project, vendor, and payroll obligations. Your expertise will be critical in **monitoring cash balances across Group entities**, recommending strategic fund transfers, and optimizing working capital to enhance financial agility.
• Banking and Financing Strategy
  Act as the primary negotiator and manager of **banking facilities** with both national and international banks, securing competitive terms for short-, medium-, and long-term financing. Your role will include arranging **Shariah-compliant financing solutions** such as Murabaha and Tawarruq, as well as restructuring existing facilities to align with evolving business needs. By continuously evaluating financing costs, you will identify opportunities to reduce expenses and strengthen the Group’s financial position.
• Risk Management and Hedging
  Proactively manage **interest rate and foreign exchange risks** by monitoring market movements and implementing hedging strategies, including **Interest Rate Swaps (IRS)**. Your strategic recommendations will ensure the Group mitigates exposure to volatility, safeguarding profitability and operational continuity. Timely execution and monitoring of hedging arrangements will be central to your responsibilities.
• Bank Relationship Management
  Build and sustain **high-level relationships with financial institutions**, conducting annual reviews of banking facilities to negotiate optimal pricing, limits, and security terms. You will oversee the **opening and closing of bank accounts**, maintain authorized signatories, and ensure compliance with all banking agreements. Your network and negotiation skills will be vital in securing favorable terms that support the Group’s growth objectives.
• Letters of Credit, Guarantees, and Banking Instruments
  Manage the lifecycle of **Letters of Credit (LCs), Bank Guarantees (BGs), Performance Bonds, and other banking instruments**, ensuring they are issued, amended, and monitored efficiently. Your oversight will guarantee these facilities are utilized optimally while minimizing operational risks.
• Bank Reconciliation and Payroll Compliance
  Supervise the **bank reconciliation process**, resolving discrepancies promptly and ensuring all transactions are accurately recorded. You will oversee vendor and payroll payments, including compliance with the **Wage Protection System (WPS) in Saudi Arabia**, to maintain transparency and regulatory adherence.
• Treasury Reporting and Financial Analysis
  Prepare **comprehensive treasury reports** for senior management, providing insights into financial ratios, bank covenants, and accrued interest. Your analytical contributions will support **budgeting, forecasting, and financial planning**, while also ensuring seamless collaboration with internal and external auditors.
• ERP and Treasury Systems Integration
  Ensure accurate recording of treasury transactions within the **Oracle ERP system**, collaborating with Finance and IT teams to enhance treasury processes. Your leadership will be instrumental in supporting the implementation of **online banking and centralized treasury solutions** across the Group, driving operational efficiency and technological advancement.
• Team Leadership and Development
  Mentor and develop a high-performing treasury team, fostering a culture of excellence and continuous improvement. Your ability to delegate effectively and inspire collaboration will be key to achieving operational and strategic goals.

This role is not merely a position—it is an opportunity to **shape the financial future of a diversified corporate group**, leveraging your expertise to drive sustainable growth, mitigate risks, and foster long-term value. If you are a strategic thinker with a passion for treasury management and a commitment to excellence, we invite you to take the next step in your career with us.