Head of Treasury – Saudi Arabia

    Michael Page

    About Our Client

    Our client is one of the largest real estate developers in the region.

    Job Description

    • Understand and oversee the management of capital structure; responsibilities include all aspects of strategic financial planning related to the equity/debt portfolios, long-term forecasts and capital allocation process to optimize the Company’s capital structure
    • Responsible for development and revision of financial policies for capital structure, capital allocation, working capital financing, treasury operations, limits of authority, interest rate and FX hedging, and others as required.
    • Manage the process of funding individual projects into equity partnerships and debt funds. This includes preparation, coordination and completion of a financial model, an appraisal, an independent engineer report, an insurance report, third party consents, legal, transmission, etc. and maintain a data room to support the transaction.
    • Maintain a system of policies and procedures that impose an adequate level of control over treasury activities.
    • Maintains and cultivates relationships domestic and international banking, counterparties and other business units across the organization.
    • Review and oversee treasury reporting, KPI’s reporting for risk committee and board of directors.
    • Closely monitor cash and liquidity position and ensure appropriate utilization of excess cash balances and timely arrangement of short-term borrowing needs, when need arises.
    • Ensure adequate liquidity for working capital needs and invest short-term excess cash. Manage inter-company cash, including inter-company lending, dividends, and capital injections.
    • Implement new bank technologies, products and services to improve the efficiency and enhance internal controls.
    • Mentors, coaches, and develops staff members into best-in-class team through orientation, training, goal setting, constructive feedback, open communication; Encourages and promotes team member engagement.
    • Acts as an industry expert. Responsibility for monitoring and communicating an ongoing understanding of the changing economic, legal, regulatory.

    The Successful Applicant

    Qualifications: Bachelor’s degree in finance or MBA or other higher degree + Official Treasury Certification preferred Experience:

    • 15+ years of experience in a multi-national corporate treasury environment
    • Ability to establish a treasury function and to manage turnaround and difficult negotiation and come up with out of the box financial solution, negotiating and closing.
    • Strategic thinker with intimate financial knowledge of liquidity planning and cash management, treasury process & operations, treasury reporting, and underpinned by a deep commercial acumen;
    • Strong understanding of banking / FX products
    • Should have a thorough understanding of derivatives, hedging, investment instruments, bank account management, and international funds flows.
    • Hand on experience and knowledge of utilizing treasury management systems and platforms etc.

    What’s on Offer

    • Competitive Salary
    • Opportunity to work with one of the largest real estate developers in the region.

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