Treasury Director

Position Overview

We are seeking a seasoned and strategic Treasury Director to lead our finance department’s treasury operations from our headquarters in Riyadh. In this pivotal role, you will be responsible for optimizing liquidity, managing short-term cash positions, overseeing treasury operations, and developing long-term funding strategies. Your leadership will ensure compliance with financial regulations, strengthen banking relationships, and drive continuous improvement initiatives to enhance financial stability and operational efficiency across the organization.

Key Responsibilities

As the Treasury Director, you will play a critical role in shaping the financial health of the company by executing the following core responsibilities:

Treasury Operations and Financial Management

• Liquidity and Cash Position Optimization: Manage daily cash positions and liquidity to ensure efficient utilization of working capital, meeting operational needs with precision and accuracy.
• Payments and Compliance: Oversee the end-to-end management of all payments to suppliers and employees, ensuring adherence to timelines, accuracy, and strict compliance with internal control guidelines for invoice and payment authorization.
• Cash Flow Forecasting: Develop and maintain robust cash flow forecasting models to provide accurate predictions of future cash requirements, enabling proactive decision-making and strategic financial planning.
• Process Efficiency: Maintain and optimize efficient workflow systems for payments, streamlining treasury processes to enhance operational effectiveness and reduce inefficiencies.
• Banking Relationships: Cultivate and maintain strong relationships with banks and financial institutions, fostering open communication and collaboration to strengthen the company’s financial standing and secure favorable terms.
• Negotiation and Financial Expertise: Negotiate advantageous terms for banking services, loans, and credit facilities, leveraging financial expertise to optimize the allocation of financial resources and reduce costs.
• Technology Integration: Explore and implement technological solutions, including treasury management systems, to enhance treasury processes, improve efficiency, and drive digital transformation within the function.
• Continuous Improvement: Lead initiatives for continuous improvement in treasury processes, systems, and controls, promoting efficiency, effectiveness, and alignment with organizational goals.
• Cost Optimization: Identify opportunities for cost optimization within treasury operations, exploring efficient ways to manage expenses without compromising operational effectiveness or financial stability.
• Market Insights: Stay abreast of market trends, economic conditions, and industry developments, providing strategic insights to adapt treasury strategies and capitalize on emerging opportunities.
• Performance Metrics: Establish and maintain key performance indicators (KPIs) for treasury operations, regularly assessing and reporting on performance metrics to drive continuous improvement and ensure alignment with organizational objectives.

Working Capital Management

• Efficient Practices: Implement and oversee efficient working capital management practices that effectively support the company’s operations and financial health.
• Liquidity Assurance: Ensure the availability of adequate liquidity to sustain day-to-day business operations and support growth initiatives.
• Financial Projections: Oversee the timely and accurate preparation of financial projections for short- and medium-term operations, providing critical insights for strategic decision-making.
• Supplier Relationships: Manage trade credit terms with suppliers and negotiate favorable payment terms that align with the organization’s working capital objectives and financial strategy.
• Collaboration with Operations: Work closely with the Operations department to optimize inventory financing strategies and ensure the efficient utilization of working capital across the organization.
• Policy Optimization: Continuously assess and optimize trade credit policies to enhance overall working capital efficiency and reduce financial risks.

Risk Management and Mitigation

• Risk Strategies: Develop and implement comprehensive risk management strategies to identify, assess, and mitigate financial risks within the organization, ensuring robust protection of financial assets.
• Risk Assessments: Conduct regular risk assessments and evaluate the effectiveness of existing risk controls and procedures to proactively address potential vulnerabilities.
• Cross-Functional Collaboration: Collaborate with cross-functional teams to establish and monitor risk mitigation plans, ensuring a cohesive and integrated approach to risk management.
• Senior Management Guidance: Provide expert guidance and recommendations to senior management on risk management strategies, actions, and policies to safeguard the organization’s financial assets and long-term stability.
• Compliance and Culture: Ensure strict compliance with risk management frameworks, policies, and procedures, while fostering a risk-aware culture within the organization through awareness programs and employee training initiatives.

Qualifications and Experience

The ideal candidate will possess a bachelor’s degree in Finance, Accounting, Economics, or a related field, complemented by a professional certification such as CFA, CPA, or ACCA. A minimum of 10 years of progressive experience in treasury, corporate finance, or a related financial function is required, with at least 5 years in a leadership or managerial role. Strong analytical skills, strategic thinking, and exceptional communication abilities are essential to succeed in this role. Proficiency in treasury management systems, financial modeling, and ERP software is highly desirable. The candidate should demonstrate a proven track record of optimizing liquidity, managing financial risks, and driving operational excellence in a dynamic corporate environment.