Overview
Treasury Manager Jobs in Jeddah, Saudi Arabia at أسس الثروة القابضة | WBHC
Role Summary
The Treasury Manager is a senior financial professional responsible for the centralized treasury operations of the Holding Company Group and its six subsidiaries operating across diverse sectors. Three of the subsidiaries are structured as Simplified Share Companies (S.S.C.), each with distinct governance and capital requirements that the role must navigate with precision.
This role is critical to safeguarding the Group’s liquidity, optimizing capital allocation, managing financial risk, and ensuring full regulatory compliance across all entities. The Treasury Manager acts as the primary financial steward for cash and capital across the Group, while serving as a key business partner to subsidiary finance teams.
Key Responsibilities 1. Cash & Liquidity Management
- Oversee Group-wide daily cash positioning, ensuring optimal liquidity across all six subsidiaries.
- Design and implement a Group cash pooling structure to maximize interest income and minimize idle cash balances.
- Develop rolling 13-week and annual cash flow forecasts at both Group and subsidiary levels.
- Coordinate intercompany funding arrangements, including loans and capital injections, in compliance with transfer pricing policies.
- Monitor and manage working capital cycles across subsidiaries with varied operating models.
2. Financing & Banking Relationships
- Manage and develop the Group’s banking relationships, negotiating credit facilities, loan agreements, and banking service terms.
- Evaluate, structure, and execute debt financing solutions (revolving credit facilities, term loans, trade finance) for the Group and individual subsidiaries.
- Oversee the renewal and renegotiation of banking covenants and facility agreements across all entities.
- Coordinate with the Group CFO on equity financing and capital restructuring activities where required.
3. Financial Risk Management
- Identify, assess, and mitigate financial risks including foreign exchange, interest rate, liquidity, and counter party risk.
- Develop and maintain a Group Treasury Risk Policy, with periodic review and updates presented to senior management.
- Execute hedging strategies using approved instruments (FX forwards, interest rate swaps) to manage exposure in line with Group policy.
- Prepare regular treasury risk reports for senior management and the Board.
4. Simplified Share Companies (S.S.C.) – Treasury Oversight
- Oversee treasury operations for the three S.S.C. subsidiaries, ensuring adherence to their specific governance, shareholding, and distribution requirements.
- Manage dividend declarations, profit distributions, and capital return processes in coordination with each S.S.C.’s board and shareholders.
- Ensure shareholder cash flow obligations (dividends, capital calls) are planned, funded, and executed on time.
- Maintain up-to-date documentation of each S.S.C.’s capital structure and ensure treasury activities comply with applicable company law regulations.
- Liaise with legal counsel and external advisors on S.S.C.
-specific regulatory or structural treasury matters.
5. Investment Management
- Manage the Group’s short-term investment portfolio in line with approved counter party limits and investment policy.
- Optimize returns on surplus cash through money market instruments, fixed deposits, and other approved short-term vehicles.
- Monitor and report on investment portfolio performance to the Group CFO.
6. Compliance, Controls & Reporting
- Ensure all treasury activities comply with applicable laws, regulations, and internal Group policies.
- Maintain strong internal controls over cash management, payment authorization, and bank account governance.
- Prepare consolidated treasury reports including cash positions, debt schedules, covenant compliance, and FX exposure summaries for Group management.
- Support external and internal audit processes with timely, accurate treasury documentation.
- Lead treasury system implementations, upgrades, and process improvements to enhance efficiency and control.
Qualifications & Experience Education
- Bachelor’s degree in Finance, Accounting, Economics, or a related field (required).
- Master’s degree (MBA or MSc Finance) is strongly preferred.
- Certified Treasury Professional (CTP), Association of Corporate Treasurers (ACT) qualification, or equivalent is a significant advantage.
Professional Experience
- Minimum 8-10 years of progressive treasury, corporate finance, or financial management experience.
- At least 4 years in a treasury management role within a holding company, conglomerate, or multi-entity group structure.
- Demonstrable experience managing treasury functions for entities with diverse operational profiles.
- Prior exposure to Simplified Share Companies, joint ventures, or entities with complex ownership structures is highly desirable.
- Experience working with banking institutions, structuring credit facilities, and managing bank relationships.
Skills & Core Competencies Technical Skills
- Advanced cash flow modelling and forecasting
- FX, interest rate & liquidity risk management
- Debt structuring and…
Title: Treasury Manager
Company: أسس الثروة القابضة | WBHC
Location: Jeddah, Saudi Arabia
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