Tahreez/Riyadh-Head of Controllership and Treasury

Head of Controllership and Treasury – Riyadh, Saudi Arabia

Tahreez is seeking a seasoned and strategic finance professional to assume the role of Head of Controllership and Treasury in Riyadh. This pivotal position offers an exceptional opportunity to lead Tahreez’s financial operations, ensuring precision in financial reporting, compliance with local and international regulations, and the optimization of treasury functions. Reporting directly to the Chief Financial Officer (CFO), this role demands a blend of technical expertise, leadership acumen, and a forward-thinking approach to drive financial excellence and operational efficiency.

The ideal candidate will be responsible for steering Tahreez’s financial strategy, fostering a culture of accountability, and leveraging advanced financial systems to enhance decision-making. This role is ideal for an accomplished finance leader who thrives in a dynamic environment and is committed to delivering measurable results while aligning financial practices with the company’s long-term vision.

Key Responsibilities

As the Head of Controllership and Treasury, your responsibilities will span a broad spectrum of financial oversight, ensuring Tahreez remains compliant, financially resilient, and strategically positioned for growth. Your leadership will be instrumental in the following critical areas:

• Financial Reporting and Compliance: Lead the monthly, quarterly, and annual close processes, ensuring all financial statements adhere to IFRS as adopted by the Saudi Organization for Certified Public Accountants (SOCPA). Oversee the preparation of accurate and timely financial disclosures while maintaining strict compliance with Saudi Arabia’s Zakat and Tax Authority (ZATCA) regulations, including VAT and corporate tax filings.
• Controllership Excellence: Assume full ownership of end-to-end accounting operations, including accounts payable (AP), accounts receivable (AR), payroll (with full compliance to GOSI, WPS, and Nitaqat requirements), general ledger management, fixed asset tracking, and revenue recognition. Design, implement, and continuously refine internal controls to mitigate risks and enhance operational integrity. Collaborate closely with external auditors and regulatory bodies to ensure seamless compliance and transparency.
• Treasury Strategy and Optimization: Drive cash flow forecasting, working capital management, and liquidity optimization across all entities and accounts. Oversee banking relationships, negotiate terms for credit lines and facilities with both local and regional banks, and implement robust FX risk management strategies. Manage intercompany funding, hedging initiatives, and debt structuring to align with the company’s capital allocation goals while adhering to Saudi Arabian Monetary Authority (SAMA) guidelines.
• Strategic Treasury Leadership: Ensure surplus cash is invested in line with board-approved policies, optimizing returns while maintaining liquidity. Lead the evaluation and implementation of treasury management systems (TMS) to streamline operations and enhance decision-making capabilities.
• Leadership and Team Development: Partner with the Finance Planning & Analysis (FP&A) team to support budgeting, financial planning, and strategic decision-making. Build and mentor a high-performing finance and treasury team, fostering a culture of continuous improvement and professional growth. Drive automation initiatives to enhance efficiency and reduce manual intervention in accounting and treasury processes.
• Executive Reporting and Governance: Provide regular financial performance updates, cash position analyses, and risk assessments to the CFO and executive leadership. Support board and audit committee reporting, ensuring transparency and alignment with Tahreez’s strategic objectives.

Qualifications and Experience

To excel in this dynamic role, you must possess a robust blend of technical expertise, leadership experience, and a deep understanding of Saudi Arabia’s financial landscape. We are seeking candidates who meet the following criteria:

• Education: A Bachelor’s degree in Accounting, Finance, or a related field. Professional certifications such as CPA, SOCPA, ACCA, or CTP are highly preferred.
• Experience: 10+ years of progressive experience in accounting, controllership, or treasury, with 3–5+ years in a senior leadership role. Prior experience in a multinational or Saudi-based organization is a significant advantage.
• Technical Proficiency: In-depth knowledge of IFRS, Zakat/tax regulations in KSA, SAMA guidelines, and treasury management systems. Familiarity with ERP systems and a track record of enhancing their functionality to improve operational efficiency.
• Industry-Specific Expertise: Hands-on experience in banking negotiations, cash pooling, and FX risk management. Proven ability to navigate GOSI, WPS, and Nitaqat compliance requirements.
• Language Skills: Fluency in English is mandatory. Proficiency in Arabic is a strong asset.
• Leadership and Strategic Mindset: Demonstrated ability to lead cross-functional teams, drive process improvements, and implement automation solutions. Strong communication and stakeholder management skills to engage with executives, auditors, and regulatory bodies.

This is more than a job—it’s an opportunity to shape Tahreez’s financial future. If you are a visionary finance leader eager to make a lasting impact, we invite you to apply and join our team in driving financial excellence in Saudi Arabia’s dynamic business environment.