Treasury Specialist at Water Transmission and Technologies Co. - Saudi Arabia

Water Transmission and Technologies Co. is a key player in a vital and strategic sector within the Kingdom of Saudi Arabia, focusing on the management and development of water transmission infrastructure. As part of its expansion and commitment to operational excellence, the company announces an opening for the position of Treasury Specialist, an excellent opportunity for ambitious finance professionals to join a leading organization.

Job Description

The Treasury Specialist will be appointed within the company's Finance Department and will be responsible for managing daily treasury activities to ensure optimal financial liquidity and compliance with financial policies. This role is central to maintaining financial stability and supporting the major projects undertaken by the company.

Key Expected Responsibilities:

• Liquidity Management: Monitor daily cash flows, forecast short-term and long-term cash requirements, and ensure the availability of funds for operations and investments.
• Banking Transactions: Execute and manage all banking transactions such as local and international transfers, issuing bank guarantees, letters of credit, and coordinating with partner banks.
• Financial Risk Management: Assist in identifying and assessing treasury risks related to foreign exchange and interest rates, and propose strategies to mitigate these risks.
• Reconciliation and Reporting: Perform periodic bank account reconciliations and prepare accurate and timely treasury reports for senior management.
• Compliance: Ensure all treasury activities comply with internal company policies and applicable Saudi regulations.
• Process Improvement: Contribute to developing and improving treasury procedures and processes to enhance efficiency and control.

Requirements and Qualifications

To be a successful candidate for this position, you should meet the following criteria:

Educational Qualifications:

• A Bachelor’s degree in Finance, Accounting, Business Administration, or a related field. Advanced professional certifications (such as CMA, CPA, or a treasury management certificate) are a strong advantage.

Work Experience:

• A minimum of 3 to 5 years of practical experience in treasury or related financial roles, preferably in large corporations or within the infrastructure/industrial sectors.
• Hands-on experience dealing with Saudi banking systems and local financial procedures.
• In-depth understanding of treasury instruments and markets.
• Prior experience in preparing cash flow statements and financial forecasting.

Personal and Professional Skills:

• Excellent proficiency in Microsoft Office software, especially Excel.
• Good knowledge of Enterprise Resource Planning (ERP) systems like SAP or Oracle.
• Strong analytical and deductive skills with attention to detail.
• Ability to work under pressure and meet deadlines.
• High integrity and the ability to handle sensitive financial information with utmost confidentiality.
• Effective communication and interpersonal skills, with the ability to work within a team.
• Proficiency in written and spoken English (often required in the work environment).

Benefits and Perks

While specific details are not mentioned in the advertisement, a position at an established company in a strategic Saudi sector typically offers:

• A stable, professional work environment in a vital industry.
• Opportunities for career development and professional growth within the company.
• A competitive salary and rewarding benefits according to company policies.
• The opportunity to contribute to major national projects with significant societal impact.

How to Apply

Applications for the position are submitted via the Naukrigulf online platform. Please visit the original advertisement link found in the source for direct application. Ensure you prepare an updated and clear Curriculum Vitae (CV) in both Arabic and English if possible, highlighting the relevant treasury experience and skills as mentioned above. Include a brief Cover Letter explaining your motivation for joining Water Transmission and Technologies Co. and why you consider yourself the suitable candidate.

Given the competitive nature of jobs in this field, it is advisable to apply as soon as possible after verifying that you meet all the basic requirements.

Location: Saudi Arabia. Job Type: Full-time.