Summary
BEC Arabia is hiring a Treasury Specialist for its Finance team in Riyadh, Saudi Arabia. The role covers daily treasury operations, cash flow forecasting, liquidity management, bank relationships, foreign exchange risk, and treasury reporting, with a focus on supporting project and operational needs. Applicants should have a relevant bachelor's degree and at least 5 years of experience in treasury, cash management, or corporate finance, along with knowledge of SAP or Oracle and Saudi regulatory requirements. CTP certification, construction or infrastructure experience, and advanced Excel and financial modeling skills are preferred.
The posting
As published on becarabia.com. Pulled from the employer's site and shown as they wrote it.
BEC Arabia is seeking a skilled Treasury Specialist to join our Finance team in Riyadh. This role offers the opportunity to manage critical treasury operations, optimize cash flow, and contribute to the financial health of one of Saudi Arabia's leading construction and engineering firms.
About the Role
BEC Arabia, a leader in construction, infrastructure, and engineering across the GCC, is seeking a Treasury Specialist to join our dynamic Finance team in Riyadh. This role is pivotal in managing the company's treasury operations, ensuring optimal cash flow, and maintaining robust financial controls. As a Treasury Specialist, you will work closely with internal stakeholders and financial institutions to support the company's strategic objectives and ensure compliance with regulatory requirements.
In this position, you will play a key role in managing liquidity, mitigating financial risks, and optimizing working capital for projects spanning commercial buildings, industrial facilities, and government mega-projects. You will be part of a high-performing team that supports the financial backbone of BEC Arabia's operations, contributing directly to the success of iconic projects aligned with Saudi Vision 2030. This is an excellent opportunity for a finance professional to grow within a fast-paced, multinational environment.
Key Responsibilities
- Manage daily treasury operations, including cash management, bank reconciliations, and fund transfers.
- Monitor and forecast cash flow to ensure adequate liquidity for project and operational needs.
- Develop and implement treasury policies to optimize working capital and minimize financial risks.
- Coordinate with banks and financial institutions to negotiate terms, manage facilities, and maintain strong relationships.
- Prepare and analyze treasury reports, including cash flow statements, liquidity forecasts, and financial risk assessments.
- Ensure compliance with Saudi regulatory requirements, including GOSI, Saudization, and other financial regulations.
- Support the implementation of digital treasury tools and systems to enhance efficiency and accuracy.
- Collaborate with project teams to align cash flow planning with project timelines and budgets.
- Evaluate and manage foreign exchange risks, ensuring cost-effective hedging strategies.
- Ensure adherence to internal controls and corporate governance standards in all treasury activities.
- Provide insights and recommendations to senior management on treasury strategies and financial performance.
Required Qualifications
- Bachelor's degree in Finance, Accounting, or a related field.
- Minimum 5 years of experience in treasury, cash management, or corporate finance roles.
- Proficiency in treasury management systems and financial software (e.g., SAP, Oracle).
- Strong knowledge of cash flow forecasting, liquidity management, and financial risk mitigation.
- Familiarity with Saudi regulatory requirements, including GOSI and Saudization.
- Excellent analytical and problem-solving skills.
- Strong communication and negotiation abilities.
Preferred Qualifications
- Certified Treasury Professional (CTP) or similar certification.
- Experience in the construction or infrastructure industry.
- Knowledge of foreign exchange risk management and hedging strategies.
- Advanced proficiency in Excel and financial modeling.
- Familiarity with Saudi Vision 2030 projects and their financial implications.
Working Conditions
- Office-based role located in Riyadh, Saudi Arabia.
- Standard working hours with occasional extended hours during critical financial periods.
- Collaboration with multinational teams across different time zones.
- Minimal travel required within the GCC region.
- Professional attire and adherence to corporate policies.
What We Offer
- Competitive compensation package, including salary, allowances, and performance bonuses.
- Opportunities for career growth and professional development within a leading organization.
- Access to training programs and certifications to enhance your skills.
- Exposure to iconic mega-projects aligned with Saudi Vision 2030.
- A multicultural and inclusive work environment with a focus on collaboration and innovation.
- Commitment to employee well-being and a safety-first culture.
Required Skills
Treasury management systems SAP Oracle Cash flow forecasting Liquidity management Financial risk mitigation Bank reconciliations Negotiation skills
Preferred Skills
Certified Treasury Professional (CTP) Foreign exchange risk management Advanced Excel Financial modeling Knowledge of Saudi Vision 2030 projects
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