Treasury Manager – Construction Industry

Treasury Manager – Construction Industry

Join a dynamic and forward-thinking organization in the heart of Riyadh, Saudi Arabia, as we seek a seasoned and strategic Treasury Manager to spearhead our treasury operations within the construction industry. This pivotal role demands a meticulous, analytical, and proactive leader who will oversee the entire treasury function, ensuring financial stability, operational efficiency, and risk mitigation. If you thrive in a fast-paced environment where precision and foresight drive success, we invite you to take the next step in your career with us.

The ideal candidate will be responsible for managing all aspects of treasury operations, from bank relationship management to liquidity forecasting and risk assessment. You will play a critical role in safeguarding company assets, optimizing cash flow, and maintaining seamless financial operations across multiple projects and accounts. This position is perfect for a finance professional who is not only detail-oriented but also possesses strong leadership, communication, and problem-solving skills.

Key Responsibilities

In this dynamic role, your responsibilities will span a wide range of critical functions, ensuring the financial health and operational agility of our organization:

• Banking Transactions & Relationship Management
• Oversee all day-to-day treasury operations, including interbank transfers, payments, cheque processing, and account maintenance, ensuring compliance with internal controls and approval matrices.
• Lead the coordination and maintenance of online banking access, user rights, approval levels, and signatories to fortify the security of company funds.
• Act as the primary liaison with banks to manage account updates, KYC compliance, signatory changes, guarantees, and facility documentation, ensuring seamless and compliant banking relationships.
• Treasury Accounting & Oracle ERP
• Ensure accurate and timely recording of all treasury transactions—including transfers, loans, overdrafts, letters of credit (LCs), letters of guarantee (LGs), bank charges, interest, and petty cash—in Oracle ERP.
• Collaborate with cross-functional teams, including GL, AP, AR, Procurement, and Finance Reporting, to ensure treasury entries are complete, accurate, and posted within critical deadlines.
• Conduct regular reviews of Oracle ERP configurations, including bank account setups, payment methods, and cash management tools, to optimize efficiency and accuracy.
• Monitor and resolve discrepancies in clearing accounts, bank-in-transit accounts, unidentified receipts, and rejected payments, ensuring timely resolution and closure.
• Support month-end and year-end closing processes by preparing treasury-related accruals, interest calculations, foreign exchange revaluations, and facility schedules.
• Bank Reconciliation & Cash Management
• Lead comprehensive daily, weekly, and monthly bank reconciliations through Oracle ERP and Oracle Cash Management, ensuring alignment between bank statements, cash books, and general ledger balances.
• Investigate and resolve reconciliation discrepancies, including unrecorded charges, duplicate postings, timing differences, and bank errors, with a focus on accuracy and timeliness.
• Prepare and present monthly reconciliation packs to Finance Management, highlighting outstanding items and recommending corrective actions to maintain financial integrity.
• Cash Flow, Liquidity & Working Capital
• Develop and maintain daily, weekly, monthly, and rolling cash flow forecasts, providing critical insights into operational funding, project commitments, debt service, supplier payments, and payroll obligations.
• Monitor the company’s cash position across all accounts, ensuring adequate liquidity to support operations and project deliverables while optimizing cash utilization.
• Develop and maintain dynamic cash position dashboards for management, offering real-time visibility into balances, facility utilization, and liquidity risks.
• Financing, Bank Facilities, LCs & LGs
• Manage all banking facilities, including loans, overdrafts, project financing, LCs, LGs, promissory notes, and credit lines, ensuring compliance with terms and conditions.
• Coordinate with banks on facility arrangements, renewals, amendments, pricing, utilization, and settlements, negotiating terms that align with the company’s strategic financial goals.
• Track loan drawdowns, repayments, interest, fees, maturities, and covenants, ensuring timely servicing and adherence to contractual obligations.
• Maintain an up-to-date facility register and ensure Oracle ERP reflects accurate facility balances and exposure, providing management with reliable financial insights.
• Petty Cash Management & Site Controls
• Oversee petty cash operations across Head Office and project sites, enforcing approved limits, authorization procedures, and governance frameworks.
• Review petty cash replenishment requests, monitor balances and aging, and conduct regular audits to ensure compliance and accountability.

This role is an exceptional opportunity for a finance professional to make a significant impact on our organization’s financial strategy and operational success. If you are a strategic thinker with a passion for treasury management and a commitment to excellence, we encourage you to apply and be part of our journey toward financial leadership and growth.